The Rathdrum tribune. (Rathdrum, Idaho) 1903-1963, 1903-09-25
Washington Letter.

WASHINGTON, d. C., Sept. 10, 1907.
Secretary Shaw has decided 10
discipline those bands which are
clanioring at the Treasury Depart
ment for the government bonds they
have there ON deposit as security for
their own circulation. To get the
bonds they must. retire their notes
and to retire their notes dlminishes
the amount Of circulating medium
available just at the time when the
Secretary Is making every effort IN
his power to provide more money fol
crop-moving purposes. When the
Secretary decided to distribute $40.
600, 900 Of government money among
the banks OF the country, he an.
nounced that as security for this
money he would require the deposit
Of government bonds in the Treasury.
1t was to be expected that this sud
den demand for government bonds
would increase their market value,
but be did not anticipate that the
national banks would 80 so far as tt
retire their own circulation in order
To get bonds to sell. 1t Is known on
the best OF authority that the banks
which have taken this action will
not be given any OF the governments
money, and II any Of them are nov
government Repositories, the deposits
they hold will be Withdrawn.
As the special session of Congress!
approaches, the President, by tn,
way, has caused am authoritative
statement to be issued from Oyste
Bay. to the effect that the specia
session will be called to meet OF
November 8, rain or shine, member
Of Congress with special Legislation
In mind are getting together II
Washington and elsewhere and max
ing their plans for the coming legis-
latlve campaign. One Of the meas
ures which is Deing actively discussed
Is the ship subsidy bill which wa
lost In a House committee last session
Senators Hanna, Frye, Platt of New
York and others are deeply interested
in this measure or at least in SOM
form Of subsidy to the shipping inter
ests and are causing the publication
Of literature calculated to educate tn
public up TO an appreciation of tn
advantages to lie derived from sub
sidizing transOceanic lines for tn,
transportation OF both mails ant
freight. Practically all the repre-
sentatiyes OF the coast states vii
favor such measure and 1t i
claimed that Speaker-tO-be Cannon
will lend his aid to the passage Of tn
bill In the House, and he can easil
accomplish its success when he come
to reorganize the House committee OF
Merchant Marine and Fisheries.
Is stated that every European natio
with merchant marine encourage
Its shipping interests by subsidie
and that the commerce OF the Unite,
States Is suffering from a lack @
similar enterprises.
There are strong lndicatians tina
the President will support the Posi-
master General in his decision wit
regard to Miss Hulda Todd, the Della
ware postmistress who was remove
at the instance OF Senator Alice.
is authOritatively stated that Pos,
master General Payne has forwasde
to the President report on the eli
cumstances which led to Miss Todd
removal, and that he sets forth /
his report that she was guilty {
offensive partisanship aud permitte
the Greenwood postotiice, of whic
she had charge, to become the heaf
quarters for the antl-Addicks tactic
In the community. The Presider
and the Postmaster General hay
always held that '.offensiye partisan