The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-03-22
Treasury officials, Therefore, of Opin-
ion There Will He No Serious None
tary Strjngency i'm the Fall.
FAILURE OF THE ALDRICH BILL
HAD THE EFFECT OF PUTTING
FINANCIERs ON THEIR GUARD.
Affairs OF Alleged IIlegitimate Min
ing Companies to he Probed by
Federal Authorities.

Special to the Indianapolis Journal.
WASHINGTON, March 21-Treasury Off
Gals are convinced that there is SO i'm
proved feeling among the bankers and
fnanciers regarding the money market and
the outlook for the future, and there will be
displayed so much of conservatism and
prudence during the next three months that
no difficulty will be experienced on account
of tight money when that situation is pre-
sented to the country in the early fall. The
officials have been giving close attention
to the matter during the past week and
have conferred with the leading bankers to
ascertain the existing sentiment. The fail
ure of the Aldrich bill had the effect to set
the bankers of the country to thinking.
They must depend on their own resources
to a large extent this year. That fact is APP
preciated by them, and a more conservative
policy is already being outlined by the
bankers in the principal cities in respect
to loans. The chief difficulty continues to
be the prospect that increasing funds in
the federal treasury will lock up large
part of the circulating money of the coun-
try where 1t cannot be obtained when there
is the greatest demand for currency. The
income of the government from customs du-
ties continues TO increase. This class or
funds cannot be deposited in the national
bank repositories. In view of that fact
the treasury officials will be as liberal as
possible in the matter of depositing funds
obtained from internal revenue taxes. But
the agitation in Congress over the Aldr1ch
bill had a good effect. The failure or the
measure has been discounted. and there is
a good feeling in money centers as a result
of the more conservative sentiment prevail
ing throughout the country.
made against the division of the Postoffice
Department of which General Tyner. of
Peru, Ind, is the head, in connection with
"get-rich-quick' concerns, has caused con-
siderable activity in the department in pro-
ceedings against such concerns. A special
agent will soon be detailed to make an in
vestigation of case presented against
number of illegitimate mining companies
which have nothing behind them, according
to representations made at the department,
but paper and ink. The alleged mines are
located in several States of the West, but
legitimate organizations which have pre-
sented the case to the department claim
that an inquiry will demonstrate that these
"get-rich-quick' concerns have nothing be-
hind them to justify the glowing offers
which they are placing before the public.
1t is evident the publicity given the case
with which General Tyners name has been
| connected will result in a more careful
| scrutiny of the operations of all companies
| brought to the attention of the fraud order
division of the department.
The Department of Justice made favor
| able report on the title offered for the pro-
posed public building at Logansport, Ind.
| The site is at the corner Of Sixth and Mar
| ket streets and is owned by Jessie Taber
Loree and George c. Taber. The amount
| involved is $14950.
| A report also has been made on the site,
| corner Main and Jackson streets, in Elk
hart, Ind, which the public building in
| that city will be erected. The sum OF 81, 800
was paid for this site, which is known as
| the Bucklin property. There are some de-
| tails in this case which must be attended
| to before final acceptance of the site will be
| authorized.
| An additional rural free delivery service
| will be established at Sharpsville, Upton
| county Indiana, on May 1, covering an
area Of fourteen square miles, with popu-
laiton of $50.
Indiana postmasters appointed to-day
Arthur G. Taylor. at Creston. Lake county.
vice Mark A. Palmer, resigned. and Jacob
| O. Burgan, at Lizton, Hendricks county,
vice Eta Leak, resigned.
JOHN E. MONK.