Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-05-04
Gage Is BUYING BONDS
Secretary Of the Treasury in the
Market for Four Per
Cent.
Anxious to Keep the Money in
Circulation and Avert
Crash.
President Somewhat Fearful Of
Overspeculators-.Crop Con.
ditions Aid Stocks.


~, q. ~ ..f,,,.,, 49,, ,.,
ever oiiefs are mace 70 siie government
syi,jsst1 10 no. .ar from 1,.ia 1,he mr.
y, ~ -, ,,,,,,,s,, =
80 - 8 ~ = = q
.lisS.ao ~ this money ''ass gone vii Of
the treasury into the open market, but
i, ~, : ts.,, s, s,,,s,l,S,o,a
p''' i'''a'l''e ehs' l''sislissS's. e'0ss'' ses'.
seTeay wefe fer see'oeo at lio.oi-5, anu
So. 600 At ll3.6l5O. the Fractional 9iffer-
.s,,f.. 4, ma eat,. hainp -, accom-, af the
~ s zsssses "a y t0'a : gay = ~
Enc eiirl9us thing ls that the bankers 90
ns'9 sem 70 = ave ws.Ssa u 70 tiit. sisua-
,s'ft Sll'ES p3i'sss = the treasury 8, 'is
s';slsies' eei9tsa buy peg eeat, bonds a Z
Sst iiiYlss'5asi stfic MAKE money
lisffe afs 5o2u1 s-o.Vov,VeV Moi.t OF
sss lssfs 's'i.t p.alaSs - ~ ''siH 'o'.'iis
ipasi' @ st'e''satloii. -alts
ssstslts sas.s'sr Mao WI aAe tne freupse
sf3' lie}iye eat l'i'' lie l's'asNloii We see
Fslssefalilon the iaes iiaat' unaer lae
5ef esils = YEAR OF iilsstilS az ON circuiael9..
iSesuilail'g operations are at an emu.
nat ttas new low rate ponus can hpt
., secures by a mere sSehahse = pIt
ila, say e I.ous;af IN 'tse open intl1ke's
~ 81 the treasury olllciais wno
WIN at}azefistsnt over the iact ina eoil :
8iN''ss makers 90 not seem 70 NAYS
.ets's9NeFed That they are .hrowins nus q
sy away 10y net sstsiiis rig q their olaH
i3ei' 60 sp9iaesi ara plisife ne iatsM -.
y + anou an even thing - exeaaiise
Sis'. - at liliir Tor the = az l'eis me
.s'aNtng m tils lax on Bones deposited 70
80 " re clFsliiatlpn amounts TO- "a oou sovv
IN eis' q Slpv'VYo.
~ has been before stated about $50
eso.yoo e tiIeli per cert bonds are now
l'siNs ussss as q naS's .er tlrcutafipn.
'5'i'e fuli lax rate must be paid on them
Trey are o%red By the banks and they
be sod 70 the ttea stiry a I ne cur
.isnt rate, thus permitting the purchase
fal per GENT bonds at the market price,
with CONSEQUENT saving 70 the bankers
n 80 ~ '.4's1i sf-. ~. - ~
tion of over $l2o ooo every year
The diva n . gee g .s.ii!:s .soati' . the
treasury may become more apparent la
Ter on When money gets a little tighter.
Inc clffieusty is that then the outside
il"lders ri; the new per cent bonds will
rot be 20 ready 70 sell. lney are long
tiila bonds and VIII advance rather
than reeeae n the lllai,ket. he SEER
tar. prol1oses however 20 buy bonds
whenever he can do 20. not only for the
sa ke Of the sinking fund, but 70 help
the money market as FAR as he can do
So.
There is already deposited in the ma
tonal banks TO the credit Of the treas
tsrer q the tinted states, $40, 0Vaupo N
round numbers This can be increased
eensIf erably 81 course, but, possibly,
met without some criticism of the sec
retaty
At the rate in Naich speculation has
been going on in Wall street it viii be
tatterly itnpassibie for the treasury un-
der the Law 70 do anything Ike meeting
iiiie demand for money which il certain
- snaae in the case Of rapid slump il
lprieea IN Wall street The available
s,ash balance Of the treasury today is
Sl56 s'as Not penny Of that g n be
turned back into the national banks
hasr ' a laM.il .sah ns 'aksh .ii''ll. sia'
III Observation-Disclosures rct,,ie,, y.;,i,e,