The farmers' union. (Memphis, Mo.) 1891-1895, 1893-06-29
MILLIONS SET FREE.
CARLISLE RELIEVES THE PRES
EMIT STRiNCENCY.
VIII Pay the July Interest on Govern
ment and Pacific Eoud>. Thus Kelea>-
Ing Over Seven Million Dollars from
the Vaults of the Treasury.

WAsHINGToN. June -. - Secretary
Carlisle has directed Treasurer Nor
gan to anticipate payment of the July
interest on the ! per cent | nited
States bonds and on the Pacific rail
road bonds. The total in,ere t on both
sets OF bonds aggregates >..534, ooo, of
which Sl.!"Hs.uUu is for the Pacific rail
road bonds and s,.,34," for
the per cent bonds. The action Of
Secretary Carlisle is taken to relieve
the tightne>> in the money centers. He
has decided that payment may be
made as fast "a delivery of The checks
can be effected. and the Treasurer OF
the | nitet states and the several as
sistant treasurrrs have been notified
accordingly. Holders of / per cent
coupons due July Inay therefore now
present them for payment without re-
bate and owners OF the checks for
July interest may have them cashed
as soon as received.
Extensive shipments of money by
teiegrapy from New York to san
Francisco were made by direction of
/ nlted States Treasurer Morgan. The
bank failures yesterday on the Pacific
Coast evidently spurred the banks to
increase their supply Of ready money
TO meet any emergency that may
arise This money is transferred in Il
ST nple manner. A bank in San Fran
cisco telc2raphs its New York CORE
spondent to place in the sub-treasurv
at New York a given sum of
money TO its credit to bc sent the
san Francisco bank The >ub-Treas-
urcr at New York telegraphs the Sub
Urea sur|r at san Francisco to credit
the bank with the given amount Of
money. The san Francisco bank thus
saves the express charges and the gov
. eminent, which receives gold for the
money il trans er> by relcgraph builds
uD its gold. II i q mutual arrange
m~nt by which both the banks and the
government are benefited.
NEW NnEk. June 2a.-Thc amount
OF Clearing House certti ates issued
yesterday was >:.:}5o,Os q. This brings
the total up to -. 900. coo since it was
decided to issue the certificates. This
amount. with the exception Of the
Sl,"'o,ooo first taken by the Bank of
Commerce, is divided up among sew
eral Of he banks belonging to the
Clearing House Association. no one
/ bank taking any large amount of Ger
tticate>. so far the bank:, have re
mained in good condition. and the
Clearing House Committee has not
been called upon to examine any Of
them. ~ feeling OF uneasiness Still
prevails in banking circles on account
of the Western and Pacific Coast bank
troubles.
}. j. Frank, thu attorney in this
city of the Bank of Commerce of Chi
cago. says that bank is about to bring
suit against the American Banker of
this city to recover S10o. 900 damages
for alleged libel. The American
Tanker in its last lssue. june H..
printed under the heading CLOSED and
Liquidated Banks" the name of the
Bank of Commerce Of Chicago. The
bank yesterday telegraphed its at
1orney in this city to bring the suit
Immediately, and he is preparing the
papers. He will bring the action in
the L nitcd States Circuit Court.
There was run on the Bank of
Commerce two weeks ago. bat its at
torney claims that it is now in high
standing