The free lance. (Fredericksburg, Va.) 1885-1926, 1904-09-20

Treasurer Of United States Al
dresses American Bankers.
GOLD IS OUR STRONGHOLD
He Declares That Over One-Hfth Of
All the Worlds Supply Of Gold Is
In the United States-Diseussed ST.

He Declares That Over One-fifth Of
All the Worlds Supply of Gold Is
In the United states-Diseussed ST.
yer As Currency.
New York. Sept l7.-The election OF
officers for the 80 year was the
principal event scheduled ior the clos
ing session of the American Bankers
convention.
Ellis H. Roberts. treasurer oil the
United States delivered am address
on The Strength and Weakness OF
American Finance" He said in part
Fortunately Che United states is
not asking Tor new loans. The govern
ment is not increasing IFS debt by long
bonds or by eycheQuer bills Tor TEN
porary needs It's Understanding debt
NJ the beginning of the fiscal year 1928
was $S473C513o. and the annual inter
est was S245S18l5. a loan OF $500
100000 was made by popular subscrip'
ton for war purposes. Yet at the start
of the current fiscal year that debt
was only SS9515G440. and the annual
interest = 81 '''' ''' '' '''. ~ .i-e
$500 80. ''.''' '.' 100 o., .oo oo, ,,,,or rho
-. -... >-,..,..,', 49,, NO..
- - ,,''. ,,na,.a ,,r,l N,,, the
Oo.'il' VI .-.V $50 -. ,.s,. nj
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aus '"'' ...... -,,,.. -,
p""'VN o." SIM i'' a.. nus. - 49,. .i.-,
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Enough lac'ols 'V.'s''' ''''.',,' .,
MAKE u "o''. ""'-. 'o ''.'",
suens'n an" inc " ''' '''- '' am
can nm. ,liiaI NJ, o.... ..... o.. srs,
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- . ,'''- ,...,.,. for assault
'o' - 80, -. T., i,s.ir Cha
va NV ~.'',''. -. -. +. min,
80 49,, w.. ,,,l -. nm, hohind # Tho
- h,~,-or mo- hin with The
- Fl, an. ,,,sh tnat il may mass
l--,,.,.l,,. .n., ,se ooll certifca-s
mo, chong, is ooirg ON without lar
~ frictior on two mathis. first by the
,.,........ -. .,.. ,,i, il, rta tra,s,ir,--
49,, .1l,r1 ID. -ro n-o nj notes of s1o
,ns,o,d re t5osa of lqr~sr deromina-
.t-1 H. c... ,...,~. .s. en- ro,as have
,...' 49,, ,r..,, i,s, i.ss ,i,or stno 600 QUO
~" - ,oSn ~ zoe 90 e9t I'm 1qDo
49, sof-ltno17 .o tha ,er,a dato in
1qot
..--,,, +,,o-,,-,. .--ose GOLD in tho
- e-o-, 500 ---o-1 rooa n,
e., o5o CO., o,+ ID, rou. mon s-oo e0l.
ooo
..co,,o.,.- .,.,.,l5 ,,5.lo,,. fric,ior reo
- onaa s-..,.,ooo of ,be cold reserve
~ a.-.ie.a... ~ en- or1 e. aeo enb.
....,,,o Gov r-nitod sf,tos rotos offered
-1. -.,..,...-,.,-, 81 f., oocb s,cceed-
IVA I,,.l s,r, from, the I'm.
a., 80 o~ '',i srob cboooo Tho r..
."" ~ L..
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year "7'e ,,6I aof ooo :.
Az 5o' " -, bai- ~ t,is
""''I % 0'' w. ~ ' 49, 90 '''
sum l'' 10 Eo'- 0'' ''. me- r-.,.-a c.o+os
10y '"'7 = o,-s ,[la .--,,. ond ho
NOES ~ ', -, -.- - faet old cor.
.ol '1-' 80 ~. 49,, Il, n.s.rco
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B." ,"e '','' .oa -
10 mem oI To- IC' i'.,' oe1a.o hoo,
'', 49,, ~. ~ CON.
se' els '1 $50 a-o ,anorncod ne erces.
-, -. -, the
, aI'1 IL, NV a.. l.,.,o,rv nomond has
,,''''7-,. ~, r.s', toir rodonntioD I'm ooIl
'o''.+ ~. -l,..l.,l- 80 ~ n,r,lor
anu loi INC iO'''''. '.''. r,.,'I,1,,..,,.
Ny VO'''''57 ''''Y ali
nave Oeeu p'' lo' 81 Una, ~ ~ - ~.
may DIT his "p,''i'' i,'I 80 -,',,...,.a a.
est OF SUM- "'"V' - go, 80.
sauil on '"I,i'Ss u''S ,io' p-o., l.''''
II IS '"iner4Dle' Dui i' '''9 ''''' ''''7'
Fisiiahoe anu ue 49,. -.,...u 10,
WINE @"''i''oi.' ~ .''l wi,
iaio WIZ 'N'''''''