davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1902-06-18
TO THE STOCKHOLDERS OF
DOr1INION SECURITIES CO1PANf.

-, ,orrs amounts Of the Dominion Securities
onany to act as Committee for the stockholders 10
INQUIRE into the present condition Of the Company and its
10 secure consentng stockholders the benefit
e. oar,s5 action upon all matters connected with the
management Of the Companys affairs and to formulate
m coon as practicable plan for the reorganization or
adjustment of Companys business
All stockholders invited to deposit their stock with
~, Metronoitan Trust Company OF the City Of New York
~ s Offices in the city York under the terms OF
rr.lminary agreement file with said Trust Company.
before the Srd day July. 1902
c,s. of m. said agreement may obtained at the
a or the said Metropolitan Trust Company OF the City
=. Nr York or at the offices OF White & Wing. No. 20
Nassau Street. New York City.
New York Juns ID. 1902.
JAMES G. CANNON.
Chairman.
WILLIAM H.. PORTER,
SAMUEL WOOIVERTON.
WHITE g WING. Counsel.
New-York tribune., 1902-06-18
GUARANTEED STOCKS.
teuotaton. furnished Joseph Walker Sons No 20
Albany & susa % & h

Albany & Susq ID & ID,
Alieg & West (B r & P)..
Att & c Air L (Southern). e.
Augusta & Saw &C Of Ga).
Beech Creek N Y \ II x II
Boston & Lowell (B q Mel
Bost & A IN Y c & II R).
Boston e \ Y Air Line p
(N Y y H & H).......-.
B x Prov IN Y y II &, h.
CataWissa r r pr fP s; RI.
Cayuga 8; Susq ID L & W.
Camden & Burl PENN .--..
Cleve & Pitts PENN. .-.-...
Columbus & Xenia PENN
Concord & Montreal .....
Conn & Pass (Bost & Ii.
Conn River r r CB & Me-
Danb & y IN Y y II & H)
Day & Mich pf &C II & d..
Del & 3 B CP & Read .--,
Det H & : W IL s ~ NJ 81
East Pennsylvania tP & RI
Erie & Kal IL : & NJ ST.,
Erie & Pittsburg penn ...
Fitchhurg pf (B & Nd,
Franklin Tel Co West Un)
Fl W t& J IF d : & NJ 81.
Ga X r &
c. & Stock Tel West Un).
Grand RIv Val mich Gem.
Greene ID L & W)......'
Inter Ocean Tel (West Un).
III Cen Leased Line II Gem.
Jack L & Sag mich Gem -.
Joliet & Chicago &C & AZ. e.
+ c S L & C pf &C * A.. e..
Kai A & G Il IL 9 & NJ ~.
Lake Shore Gtd n, 5 & NJ -
Little Miami PENN $1,000.
Little 6 Nav & g (P & RI.
Louisiana & NJ Riv &C & Al.
Mine Hill & 5 II % & RI.
Mobile e. Ohio CSouth). ....
Morris c & p Och VaD-...
do pref Och NaD....-..-.
Morris & Essex ID L & W)
Nash e Decatur IL & NJ -.
NaugatuCk N Y n y & HI.
y II & y CN Y y II e. H. =.
y Y c G NJ p Of IL D..
y 7 & II IN Y e G NJ Stl.
y VI & West % L & w.
North Carolina Southern.
Northern Of y ! CFrie) ......
North Penn (R & P).....,
Northwestern Tel West I'M
Nor e. " IF N Y " II & H
Old Colony N Y y II e. h g.
Osweg0 G Syr ~ l. & w
Phila & Trenton Pepnl 80.
Pitts r e L f com (B & L
2 & Carr egie SteeN ..-...
DO pref CB & l. T & c 5 81
Pitts F w & c PENN.
do SNeciaI penn n).......
p NfcT & Y CP l. F & L 8
& NJ 81 -...,.-. 1890.
Port Sac0 & n CRost e Mel.
Prov & W IN Y y II & HI -.
Quincy Fridge @ r 6 O. .
Rens & Saratoga De1 & h.
Rome & Clinton r0el e H q.
Rome W e O q Y 9 : II RI
Saratoga e Z Te! & h.
Southwestern CCen of GR)
Troy & @ CN Y { & II RI.
Utica & r r N Y Q & H. g.
Utica - 6 Sus % L & W..
United y 7 G. Canal PENN,
Valley Of y Y ID I. & w q.
Ware River CBost & A)-..
Warren ID L & Wl.--..
New-York tribune., 1902-06-18

STREET RAILWAY COMPANIES.
NETWORK.
Furnished By William E Nichols Co, No 10 Wall st)
New-York tribune., 1902-06-18

INACTIVE STOCKS.
furnished By William z. Co.. No. Is wall-st
New-York tribune., 1902-06-18
Int period. Bid. Asked

STREET RAILROAD BONDS.
FURNISHED William E. Nichols & Co. No. Is Wal-st)
Iste Ias: pfFiod snt BID. A.kd.
New-York tribune., 1902-06-18
Crust G ompanlcs.
Grust @ GOmpanlcs.
MANHATTAN
TRUST co.
WALLST.. cor. NASSAU.NEW YORK.
Capital. Surplus & Undivided Profits.
50, SOC, 900.

S<,oOO,O OOO.
OFFICERS.
JOHN I. WATERBURY, President.
!UHS ,noS KEAH4 ( IA A,,u vio.-P.esidsnts.
W.N Duane. 3dVios-Prss.& Treas. G. q. Smith Sec.
T. Dwight Trust Officer E. A. Skinner, Asst SEQ
DIRECTORS. 1902.
Francis r. Appleton. James ]. Hill,
Angus. Belmont, Daniel S. Lamont,
George F. Baker, H. Latham,
H. ". Cannon, Oliver H Payne.
A. J. Cassatt, E. D. Randolph,
R. ]. Cross, Grant B. SehIeY.
Ruduiph Ellis, James 0. Sheldon,
Amos T. French. R. T. Wilson,
John Kean, John L Waterbury,
New-York tribune., 1902-06-18
DROPOSAI.s WILL BE RECEIvED al THE

- Bureau O. Navigation Navy Department. Washing
d until clock Wednesday. July o. 1902.
nd thereafter,
On1cers' Mess Building the L : Naval Academy An
naDOTs Blank forms q proposal and speci-
fcations will furnished and plans be seen.
applicat0p Bureau Of Navigation. Navy Depart
nent Washington D. G., at the Z 5 Naval Academy.
ArnapOILg 6 Office OF Earnest Archi-
tect Is Wall Street New \ set drawings may
at Architects Office by GepOsiting
S5 OF which will b refunded their H @.
n. vi oTs chief OF Bureau. 12. 1902
New-York tribune., 1902-06-18
SEALED BIDS OR ESTIMATES FOR RE-

pairing the pier South Fifth Street. E r.
Borough Brooklyn. Will received by the Commits
sioner OF Docks al Pier y. Battery Place
II NJ June 27th. 1892. For particulars
City Record June 10 to 20, 1902
New-York tribune., 1902-06-18
SEAIED PROPOSALS Will BE- RE

~ ceived at the Of the Lighthouse Engineer.
Tor,nkfnsyIIe Y Y. until O'Clock P NJ, June -,
1902 opened for the retawor and erection of
Forr WadswOrth Light House, New York Harbor, N =.
Information furnished application WM- T ROS-
SELL. Major. Corps OF Engineers. L s A. Engtneer
2rdD
New-York tribune., 1902-06-18
NOTICE.-sEALED PROPOSALS WILL Be

~ received until 800 D. m. Monday 3Oth 1892
at the office Pennsylvania Company for assurances
on Lives Granting Annuities 51I Street
Phil1depha. Trustee for the sale 20 them OF
of Philadelphia. Wilmington and Baltimore
Trust Certificates as So 80 - VIII purchase
offerings the lowest prices. exceeding
the aggregate than the
will be accepted the parties Offering them
at once and payment be Certificates are
signed. ard after Tuesday July 1st. 1892
Proposals should be indOrsed Proposals
Philadelphia. Wilmington and Baltimore Railroad Stock
Trust Certificates" and addressed
c. s W. PACKARD President.
51T Chestnut St. Philadelphia
New-York tribune., 1902-06-18
SAN FR4NCIsCO STOCKS.

San Francisco. June 1.-THE official closing quo
tations for mining stocks to-day as follows:
New-York tribune., 1902-06-18

A ADVERTISEMENTS and subscriptions for The Trtbuns
y received at their Uptown Ofice.
NO L. OADWAY,
Seth and 37rh sts.. until o'clock m
Advertisements viii be received following branch
Office O'Clock D.
254 Sth-ave., e. cor 23d-st: 153 6th-ave.. cor
I9h-st; So 14th-st.; 257 West 42a-sf be
tween sth aves.. 263 West I2Jth-sf.l I,3sfS
3d-ave.. between 10th ITth SITS. 1,026 3d-ava.
New-York tribune., 1902-06-18

Brooklyn Ferry stock. -
Hoboken Ferry lst IS. 1876.
DO stock ...
- Y & Z r Ferry Co stock q.
Go lst mtg IS, 1922 ..
n Y &. II T Con 5s, 1876. 80.
10Th &, 23d ST 1st mg 5s. 1918
Union T Of y Y & 3 stock, g.
Ny & y J F 1st mtg SIS. 1876
New-York tribune., 1902-06-18
Tke national Park Bank of New York
" June nth. 1892.
nIIE BOARD OF DIRECTORS HAVE THIS

lav declared a ssni-annual dividend Of SEVEN AND
t71.1 PER CENT free OF the Capital
Sto Of this Bank payable to stockholders OF record at
Soe date our OF earnings of the past six months,
said dividend payable july 1st next 20 which date tho
transfer books will remain closed --- -
New-York tribune., 1902-06-18
ptopo5aIs.

PROPOSALS FOR ORDNANCE SUPPLIES
Il xay York Arsenal Governors Island. y. Y H. May
10 Sealed proposals riplicate viii received
m June furnishing Instruments
and drawing utensils and materials thread forage.
orn1ongery Paints lumber. tools utensils ETC.
d-nr YEAR ending June 1878. Information furnished
on Application. Col j. w. Reilly. COudg-
New-York tribune., 1902-06-18

TRUST AND SURETY COMPANIES.
C4eported by Clinton Gilbert No. Wal-st)
New-York tribune., 1902-06-18
WESTERN UNION TELEGRAPH COMPANY.
New York. June II. 1902.
DIVIDEND No. I:s5.
UvHF BOARD OF DIRECTORS have declared

a quarterly dividend OF ONE AND ONE-QJARTEFs
pE-T, Cent upon the capital Of Company.
pavab al Office Of the Treasurer and after the
Of Stockholders OF record az the
close of the transfer books the 20th day Of June
7'Ea transfer books will closed o'clock the
afternoon OF June 2Oth inst and reopened the
I"s u July 49, NJ. T. WILBUR.
Trraazr
New-York tribune., 1902-06-18
THE FRANK A. MUNSEY COMPANY.
III FIFTH AVENUE. NEW 4OEsk ,oo,

~ oNE-QUARTER PER CENT. or the capital s.ocS oe
this Cpanv mas been day declared by the Board Or
TirCfors payable at the above office July Sd, 1902
holders OF said stock or record on the OohpaHS
hooks the day Of June, 1892
The transfer books Will be closed from i've ociocS
. NJ on ire 3n,h day Of June 1902 until ten O'clock
A NJ on the 7th day OF July. 1892 Checks Will %
HiAleu- wM T DEwART. Treasurer
New-York tribune., 1902-06-18
AMERICAN sNELTING & REFINING co.
THE TRUST COMPANY or AMER

DIVIDEND NO
Broadway. New York June IL, 1907
U,HE BOARD OF DIRECTORS OF THE
Il TRT-ST COMPANY OF AMERICA have this day de-
c1arei a Dividend Of THREE AND ONE-htALF PEHe
CENT ron the CAPITAL Of the Company from the
nar earnings Company for the six months en1in
une So 1902 payable July l. 1872 10 stockholders OF
Record June 20. 1902 % 900
Will be closed at . + VI June ~ ASo-s
and reopen a. NJ July :. lSl2
New-York tribune., 1902-06-18
FERRY COMPANIES.

Int period. / BID Asked
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-02-07
IOWA OPINIONS AND NOTES.

The Council. bluffs Nonpareii notices
that Just as voters have begun to
learn how to mark the ballot il is pro-
posed to make a change and compel
them to learn all over again"
The Burlington Hawkeye declares
"It will require an appropriation of
$250,O00 to give Iowa a practical, COM
mon sense, business representation at
the Louisiana purchase exposition
and it does not include fancy salaries
and brio brac.
The Waterloo Reporter does not fa-
vor the Blanchard bill permitting the
voting of tax to aid trolley lines, the
same as to aid railways. IL declares
at is fact, proven by the experience
of Waterloo. that community not
alive to the advantages that Will be
gained by having such a convenience,
is not apt to vote a tax even If the law
would permit it," 1t points to it's new
trolley line as good example of pri-
vate enterprise.
The Iowa City Republican, edited by
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-02-07
An Act to Kill a Useful Industry.
TEonaoc ('tty Star

The bill to kill the oleomargarine In
dustry-called for decency's sake a
pure food" act-will come to a vote in
the house shortly. If the bill becomes a
law the United States government will
stamp out one Legitimate industry for
the profit of another. 1t is as il at the
request of the Standard Oil Company
congress should put a prohibitive tax
on gas.
Let there be no misunderstanding on
this point. No drapery of words can
disguise the meaning of the bill. Dali
rymen propose to stop the sale of oleo-
margarine that they may monopoize
the business. To call the act pure
food measure is deception. Oleomar-
garine is as healthful and as easily
digested as butter. 1t is preferable to
the inferior grades. but can never take
the place of the best butter. To stop
its competition with their medium and
inferior products dairymen have
brought pressure on congress.
There is really little use in discussing
the object of the bill. Officers of the
dairy union have frankly admitted that
the wording is a subterfuge and that
their purpose is to drive the oleomar-
gfarine makers out of business. For
the sake of those whose stomachs are
too weak for this bald statement the
hil ostensibly Is directed at the evil
practice OF coloring oleomargarine in
imitation of butter. The white product
is as unstable as white butter Prac-
tically all the butter on the market is
colored. Why is 1t reprehensible to coll
OF one healthful product and not an
other? 1t is time wasted to discuss this
phase of the case. The question re-
mains, is 1t just is 1t decent for the
government to destroy one legitimate
business to help another?
Would the country permit a prohibit
tive tax on mules for the benefit of
horse raisers? What would 1t think of
2 proposal to tax suburban electric
lines out of existence to help the rail-
roads? Would 1t forbid the sale of
canned goods in the interest of hot
would not be allowed why should con-
gress depreciate the value of western
cattle at the request of dairymen? I'm
fortunately the proposed law has
aroused little interest outside the peo-
pie directly concerned. If 1t had, its
prospects could hardly be favorable.
Americans love fair play. The oeo-
margarine bill is the rankest of class
Legislation. 1t is brought forward un-
der false pretenses. Its principle is
unjust Its defense a sham.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-02-07

Florence Huntley exclaims. isn't this
a woman to be proud of, and she Is an
Iowa woman, at that! Mrs. Noonan, of
Chester, Ia. owns up to los. Think OF
It, woman so old she is proud IT,.
Mrs. Noonan deserves a pension for
life" The reason for a pension is not
stated unless it be the inferential one
of stretching the figures the other
way.
The Upton Advertiser observes
There is little hope for the man who
is unable to pay as he goes in these
times unless 1t may be circumstances OF
an unusually unfortunate nature. sur
round him.. 1t thinks that IF any man
who has fallen behind in his obliga-
tons ever intends to square up he VIII
never find a more opportune time.
The Dubuque Times is of the opinion
that the Iowa house will be justified in
adopting Representative Warrens res
olution. limiting the appropriation for
the Iowa exhibit at the st. Louis expo
sition to 100000. 1t declares that
"Whatever this state may appropriate
for the purpose will be so much of a
gift to an enterprise essentially COM
mereial."
"Des Moines is a good place to keeT
away from just now" remarks the
Newton Journal, in noticing the preva-
lence of smallpox there.
"Supt. Barrett says there is grea,
need for an additional Normal school
and Barrett ought to be in position tc
know" says the Boone Republican.
The vinton Eagle declares that THE
present legislature will take good care
of the state institutions but the extra
ordinary appropriations will have a
rocky road to travel
Discussing the present and future OF
the Philippines. the Algona Upper Des
Moines expresses the opinion that this
country owes it to the world and TO the
Filipinos to establish free government
in these islands and to maintain it for
such period of time at least as will
give the people ample opportunity af-
ter testing it's benefits to decide IN a
cool and deliberate manner whether
they want to become wholly indepen-
dent
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-02-07
Winter in California.

Winter tourists can avail themselves
of the usual low round-trip rates to
California and Pacific coast points now
I'm effect via the Iowa Central route A
trip to California In four days, from ST.
Paul, Mason City. Marshalltown. Oska-
lcosa. Hedrick, Peoria and intermediate
points via the Iowa Central and south
ern route, Is feature worthy of rec
ignition. The popular Pullman tourist
car service has again been inaugurated
for the season. placing the Iowa Central
n position to afford the traveller with
all the comforts desired in these days Of
modern travel. For further particulars
and illustrated pamphlets call on Iowa
Central agents or address George s.
Batty. q. p. q 7. A.. Marshalltown.
Iowa.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-02-07
1He PAYNE PLAN OBJECTIONABLE.

The Iowa house committee on con-
Spressional districts held it's first meet
ing Thursday, when the subject OF re-
arranging districts came up for con-
sideration. There was a division OF
opinion as to the question OF redistrict-
ing at this time. Chairman Mark Fur
nv is quoted as saying: AS far as !
have been able to learn, the majority OF
the members of the committee are in
favor of redistricting, but each one
wants to do it his own way. 1t is
doubtful IL they will agree on any plan.
good many of the members are OPP
posed to redistricting at all"
The members of this committee
merely reflect the divided sentiment of
the state. Local interests govern adj
yocates of changes and the members
of the legislature in considering plans
for q change. This is particularly true
since all the districts are now republl-
can and the changes made would be of
district rather than party interest.
Even If the members of the committee
could agree on a plan for redistrtcting
1t would be attacked on the floor of the
house and torn to pieces, and the end
would be failure to agree upon meas
ure.
At the committee meeting. Mr.. w. Q.
Payne, OF Nevada, appeared and made
an argument in favor of his plan of re-
districting. presented thru Mr. Greeley.
The Times Republican has hitherto re-
ferred to this scheme, so favorable to
Mr.. Paynes interest, but Objectionable
to the Fifth district. The Times Re-
publican has no plan for redistr.cting
the state, but would thrice prefer to
permit the districts to remain as they
are than to submit to such change as
Mr.. Payne proposes. If it has not been
altered In its essential features since 1t
was announced when the general as
sembIy met II it be urged that we
merely present district view in the
interest of home locality. 1t can be
urged with greater force that the Payne
plan embodies that idea in a larger de-
gree for his district. But this district
IS not alone in opposition; several 9TH
err districts have been heard from as
against his measure. The Payne plan
is not one that commends itself in this
part OF the state.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-02-07
DOWNWARD COURSE.
Fast Being Realized by Marshalltown
People.

= asst Deity nC0uZS0 W
People.
A little backache at first
Daily increasing until the back Ia
lame and weak.
Urinary disorders quickly follow.
Diabetes and finally Bright's disease.
This is the downward course of kid
ney ills.
Don't take this course. Follow the
advice of local citizen.
Mrs Charles F. Breckel. of 100 West
Main street, says: II am very thankful
that I learned about Doans Kidney
Pills. Besides my own experience have
that of sister and friend. Had the
results obtained been confined to only
one there might be grave doubts about
the merits claimed. But when the three
of us were benefited we are compelled to
become endorsers. I am convinced that
many ladies suffer from some obscure
kidney trouble which pulls them down
without their realizing the cause OF the
dull, heavy feeling, the languor, the de-
preston and the extreme fatigue which
exists after the least exertion. and
thoroughly believe, should they use
Doans Kidney Pills, they would be re-
lieved of their disertees. My sister and
my friend who resides In Des Moines
are even more enthusiastic over the
wonderful curative powers OF Doan'a
Kidney Pills than I. My advice to every
resident of Marshalltown who suffers
form kidney complaint is to procure
Doans Kidney Pills at Mcbride &
Wits drug store, take them according
to directions and the results will inev-
itably follow"
For sale by all dealers. Price, so cents.
Foster Milburn Company. Buffalo, N.
Y. sole agents for the United States.
Remember the name-Doan's - and
take no substitute.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-02-07
AN OBJECTIONABLE Compromise.

The New York Tribune presents the
following reason for not attempting to
wholly bar out European sugar at THIS
time:
Word comes from Washington that
the beet sugar lobby in last desperA
ate effort to prevent the doing OF JUS
tice to Cuba, is suggesting compro-
mise measure under which, instead of
granting reciprocity to Cuba, the
United States will impose counter
yailing tariff upon German and AUS
trian sugar. This, it is said would give
Cuba ample relief. would maintain the
principle of protection, and would
eliminate German and Austrian SUI
CARS entirely from the American mar
ket.
This proposal is entirely unaccepta-
BILE, for number of reasons. In the
first place, we arse already imposing Il
countervailing duty upon the bounty
aided sugar of Europe. To impose an
q additional duty. sufficient to give relief
to Cuba, would violate treaty obliga-
tons to European countries and would
piunge US into a ruinous tariff war. the
result of which would be to reduce our
exports to Europe as rapidly as our ex-
ports to Cuba are now being reduced.
In the second place, 1t would enor-
mousIy increase the cost of sugar to the
American people, multiplying the mill
ions they are now paying for the sake
of maintaining the protection which the
beet sugar people confess they do not
need. In the third place, it could not
possibly eliminate German and Aus
trian sugars from our market for the
reason that we should still be depend
emit upon those countries for our supply.
For the total product of the United
States, Hawaii, Porto Rico and
Cuba would fall short of supplying
our demand by more than million tons;
& year. BY adding to the duty we
should simply be compelling ourselves
to pay so much more for those million
tons of sugar ard for all the rest, for.
of course, the beet sugar people would
promptly make a corresponding raise
In their price of their goods.
What honor and expediency require
&C us is not to burden ourselves any
more, but to give Cuba relief from bur-
dens. 1t is not TO engage in disastrous
tariff wars with Germany and Aus
tra, but to grant mutually profitable
reciprocity to Cuba. The president has
indicated the true policy The compro-
mise suggested by opponents of the adj
ministrat ton is not acceptable
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-02-07
the SURPLUS IN BANKS.


1t begins to look as tho the charac-
teristic Shaw luck had followed our
Leslie NJ. to Washington and that the
new secretary of the treasury would see
enacted into law the nearest approach
to an asset currency that the country
will get for many years to come. In
response to an inquiry from Congress-
man Sulzer Secretary Shaw replied that
IL the government had been in the habit
of depositing its surplus over and above
$4,000, 900 in national banks OF the
clearing house cities, receiving per
cent interest therefor, it would have
made some SS2.000.000 by transact
ton. and that If no security had been
asked other than a prior lien upon bank
assets the government would not have
lost cent The secretary also replied
that had this custom been followed the
banks would have been able to extend
their credits to customers by the sum of
$200,o00,Oo0.
Immediately following this informa-
ton Congressman Pugsley, of New
York, member of the house commit
tee on banks and banking. introduced a
bill giving the secretary of the treasury
authority to deposit at his discretion
government funds in excess of $50, O0o,-
600 with national banks at an interest
rate of not less than 2 per cent. The
result of such a measure would be to
give the secretary of the treasury pow
err toSplace the governments enormous
surplus back into circulation again,
without the establishment of great
central bank, as suggested by President
Stickney, or adjustment of the govern
ment treasury, as suggested By other
financiers. The grave dangers of gov
eminent surplus would be largely elim-
mated Ii the money was all kept avail
able in numerous national banks in
stead of being locked UP useless and
menacing in the treasury vaults. With
the surplus on deposit III pSi SSiNe IA :
terest and the war tax revenues cut OIL
the government, under Secretary Shaw,
will not feel the necessity of buying its
bonds at high premium in order to
return vast sums of money to circula-
ton in the channels of trade and with
the removal OF the government as a bull
factor in the bond market the price OF
government bonds may be expected to
return to figure that will enable the
banks to retain their bank note circu-
lation which will greatly relieve the
need of an asset currency and simplify
present financial problems. The addi-
ton of $500, 100000 or more to the avail
able deposits of national banks would
accomplish the same purpose as an IN
crease of sixty per cent in the present
volume of bank note circulation.