Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-08-03
PLAN TO GET MONEY
Congressman Johnson OF Ono
Hzs a Unique Scheme
TO RELIEVE The sIRlSGEscy
Treasury ca issue Curre1lcy for >on-
Intsrs-t B..aFin< tso hti>-.wln
sabnan "a - CeaI Ires&

CiEvs1sxp. Aug. . The foliowiog
letter frosa Congressman Ton l. lshn'
s'n IS o.ss.e put4ic ,sdas
10 ina ClEssa.Sp CHknBEn 90 Cox
aakCE tes11ssrS fieLctiag that
a4aacia, pressnf- noE exist.slg ,icmacds
l.lugt an. aa~tU4te relief propose
ee ne Efs. l1y - the eomils s-ssion 70
iatiod.lee Ia tbs tclse ~ repEesenta-
fves tlte fctosiag tts
AZ Ats g. heseilt tAe t.zchaegr OK Uni
sesi aia.ss bonds fsf treasury Notes.
~ .t etsetssi bs re sea4te and hod-e
q d Freentaiists of iAe Anitei States
ci t-.rste4 la so1gress 4sfea.tsed
Iaat any ao.l-s q bcE4s = me Uni-
tesi -tsto- after Ire p1s.aze 4 the act.
eegs-ir suta hc.si- az tip treasury %
tee Nalfed Siaies. or -i the fTce . any
assistant treaserer g re tnthd States
ana receive sh-fefar te4is fsce
rsi-r ia tFsssury ailtts Z the
illlefi states ~ dfserfed "a
tss 4ei ~ Je'y 10 i-.0 Such
atai, sNa. - heal a. srecial
ttaoh rs tae rrrsi y, the patty deYos-
iaus fsesn. srt during the tlme they
arr - tell shail alaF 40 lGtfraff. and
aaa.l e. fetrral ga The uea4uli 4 inr
ralis 4sptamg ga Tic payueat e
taesf t4se FAi1e ip tl.itt STseea cur
s.e , Tee secretary X tht treasury
ectf aks eep stiileDa - nlay -
rteeesals fsse g. Ga gp4efg sHt the
afet ~ ntere-t "a such h4lis dur
itt ihe uwr iAey are iet aS q special
Q
is.ae f1s- safy notes a. the 4a4oun.
ni..t ans % nofiae ior ghe eancflia.
ll.E oi al e.as. iaiouai - sceh notes
er tlr fetefn n said t.lalis 90 their
aef Gers aei a 44Ts sufficient O. carry
ias iisei fa- hfoyisleas = tlis act i
h-frbs anpepfsfed 9ff 81 aly money
g. nc treasury not oiherwise appropri
afst
Sec. : AZ acts or parfs of acts IN
to1satsat with the provisions ~ this
80 are asEe.y fsPca.osL
sIsY Turn lsofd~ Into noney.
Ihe b.ii-f seed yoa ailo1iug all hald
frs of 1ited States hanas q tugn them
ilta n.rlet .1r such Ume as they may
- Aa lng 90 f5rezo interest. ohcfs a
.u ple safe. im llcdISt- and sufficient
FeAt3y f9r the abnormal icarcity os
moat.T trgpnd tie boniis deposited "a
kfcufff the national tanss circulation.
Il l-fo Are "a exisfeucr tlooUto.Ooo gov
sta1tnt bouas. isr1eiy held rs SHANGHAI
iaFu-uiiors. For instanct tie ~rociety
for ~avirsas~ 70 our o1u city he largest
at1 ffsonzfat tnana lai institution la
DlsN tas iaday T1tUiuo II these
ts.ris.4 - I'm loprlel .ccuf. fy thfsss bonds
fasrot ie convertcs4 into e.ou-y 3ith
eh0h s. neet anf Demands 90 Is crcdi
q ~ = sIsils..t l.-= - the stc.ety aud IN
ereaa tht general 1nanci4. pressure.
it coi-s teF seii them at present az a
ssest --s-r. Sc - their normal value and
ta.lI enF efs on fhem al a rate
r. et,a sxCee'iiDg TIE rale Nhiea they
0e.e eoursr enuiil ilcfear-
.t.e 1-nta demand fof udncy while
iltusIls iter-ssln< the general supply
M fs facI t1af sgch a bank ~as ,acri
% sstasifes g. ees money aocid
sfe tet tesiing & panic. which
srFs - Mss q fe~is or
There woaid ~ ~ Risk
iae xoVeIument Nouii rng r0 fisk
~ siHlF tH.friy exchange iatefff bear
fEE f-lrtfiel- tnf1 BON .atetsti lfafiue
ea Eaf.as.s sith -asiag snf tha tlae
- tta irfsafrt There soutl 2 ~ hsss
E taf ei value of isBds fo The
fr fa.i ae permarses expansion ~
taH r,Tl.frf far ~ spor - money
- hasrieii t4,aaie normally
lini st.a. IUrr wsnr rates would
lfs tsI lrf fnt- eeasl rise and ~
tte t1e afrie-. ff ihr holders
~ bon sa trtsairl and
fH asl lie uftfg saed