Daily press. [volume] (Newport News, Va.) 1896-current, 1899-08-06
To the Amount of Ten Million
Dollars.
WILL BE ISSUED MONDAY
Antic,pntcd Movement Of Fall Crops WIN
Create Heavy Demand for Paper Mon
cy. Bills WIFE Range from
Twentie, Upward.
tBy Photography


WASHINGTON. u. G., August s.
The Treasury Department to-day mad,
r&uuiSitiun, ui,on the Bureau Of En-
craving aud Printing for the printing
uf ten million dollars gold certificates
in denominations of twenty dollars each.
The treasurer holds Il large unissllesi
"ulidy Of certificates cf the larger de-
nominations. 1t is the evident utrn-
t!nr III the Treasury Department to be
in :, position to issue certificates freely
Tor S,!d conf, should the fall move
mcnt Of rcurrrncy lead u !, demand,
ut the treasury, for gold certificates.
in exchange for gold coin. 1T is to be
not"u THAT while gold coins can be Tree
~ had i'll denominations Of tivcs ana
tens. til: FlW wrcStlcs the issue oe gold
certificates to dcnuin;n.l tons OF twenty
dollars or more, multiTlics thereof. 1t
is IL dcbat;ll,ic question whether gold
certificates Will adequately meet tho
d"nHalAlis for money Of small dcnoninu-
lions.
1t is nov apparent that in the fali
movement of the crops there will be Il
pressing demand for more currency OF.
paper money. rs This can &c Furnished
IL no ether way than by the issue of
S"ld certificates. there will unluubt@d-
~ he !, demand. more or less great upon
tha treasury for such certificates
against the deposit or gold coin
nc SUB treasury m San Francisco
has already been notified by wire 10 re-
sumo lhe issue Of gold certificates on
deposits OF gold. and i'll payment over
tho counter of government obligations
! he nlher sub trcuSurics have been no
titled To the s.lmc effect by letter which
they Viii receive before business be-
gins on Monday morning Tn. sub
lleasli'rfS have also been advised that
the government, Will ship them I'D NJ
tinna! supplies OF gold certificates TO-
| Gay. Of What is known us DEPARTMENT.
| series denominations ranging from $50
L. Sl,ooo anu :,cSi"2atng about Slu, GOO
ot'o. II is anticipated that tho gold Ger
tilicatrs most in demand Will be VIII
! Is known us To order celAilic:lt,s''
| ilt:'c VII We issued IN request to indi-
Nldl'ai dcpoSlturs Tf gold. and in their
own ilslncs, III sums ranging FROM 5000
70 $4,000 each. The government now
HAS IN its vaults between SIS. 900 900 ana
S9o.0nG,UoO in gold certificates OF wha:
IS knl va rs the Series 81 1855" and
these will 10 supplied on demand until
".hnrS may 'be printed at the Bureau
Of Engraving ana Printing.
IN NH. C-vcl.,nd's time the g,,ld re-
str"r fell below $lo0 900 and the is
SIC nt sold certificates ceased under The
digestion OF Secretary Carlisle.
Since the accession OF President Me
\iHlrS the subject has boon under Il;
cHS&.on in !inancitl ncWsp;lpsrs ana
among bankers. and inquiries have peer,
addressed ~ the department. and :oun-
SCI rendered, relative TO the rcsu.Enti III
- oile ISSUE sNtt'!uI;iry Gage has given
nuGh consideration to both legal ana
These asrccts of the proposition It is
understood that he has been advised
mat Inc issue Of these certificates is m
hilnll'*tr;rtlve measure wholly within
his discretion.
SECRETARY Gage resumes the issue ,.f
gold certificates with the pul-pos,, uf en-
tenu!nS vi1c AID of the government in
moving tho ci'pl,s liz any proper v-lv
.hat oilers or is believed by prudent
nedrlc to be helpful. Now gold ccrti-
licatcs can under the law be issued fo,
organizations les than twenty dollars.
,t"li c"in can DC used in s.. ana Sos if
| icnular prejudice Will permit.
| Treasurer Roberts places emphasis on
;he TACT that gold coin must.
| ne dei'nsTted in the. treasury absolutely
unllli i"r dollar. The volume Of cur
fcnrE therefore, cannot receive any IN
| cft'nrnt by this Process. Hope is ex
ireSsch Wy treasury officials that since
n" Vaults OF tic department ut All ITS
| rnic"s are already crowded. banks viii
| TURN IT coin only for Fair business, req
! Use.