Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1906-07-13
WASHINGTON LETTER.
From our Regular Correspondent,

(From our Regular correspondent
Washington. d. G. July 9.-Who
wants the first United States bond to
be Issued to provide money for the
construction of the Panama canal
No. of the new issue of $50, 900, 900 |
Treasury officials expect some fancy
bidding on this particular bond be-
cause of the historical interest it will |
have in the future. Bids on the bonds |
are coming in rapidly but at present
they are from small prospective inves-
tors. The big banks have not yet come
forward. They are waiting to figure
their bids down to the last decimal.
Every confidence is manifested at the
Treasury Department that the issue
will command premium but there are
as many opinions almost as their are
officials as to what will be the amount
of that premium. The best opinion is
that they will sell between 1O3 and 1O4.
The bond draw 2 per cent. interest.
When Senator Tillman made his last
comments on the conference report on
the railroad rate law and that feature
of it which exempted pipe lines from
the necessity of divorcing production
from transportation. he predicted that
Frank 8. Monnett, former attorney
general of Ohio, recently connected
with the Interstate Commerce Com
missions investigation of Standard Oil
affairs, was about to be separated from
the honorable and important position.
Senator Foraker interrupted to inquire
how be happened to know, and Sena-
tor Tillman repli ed that his assertion
was based on persistent rumor. At
the Interstate Commerce Commission
it was admitted today that Mr.. Mon
nett is no longer connected with the
work. 1.-The service for which Mr..
Monnett was engaged, said Chairman
Knapp, "has been performed, he has
been paid in full. and his connection
has terminated. He denied that there
was any other reason for the step and
expressed himself as we'll satisfied with
the character of service performed by
Mr.. Monnett in connection with the
conduct of the oil hearings in Ohio.
Chairman Knapp added that the Stand
ard Oil Investigations were drawing to
a close and that the preparation of a
report might soon be begun.
In compliance with the recently en-
acted naval appropriation bill the Sec
Rotary Of the Navy has sent circular
letter to all the pincipal shipbuilding
concerns of the country asking them
to submit plans and specification for
the biggest battleship ever built for
this or any other country. which it Is
proposed by Congress to have con-
structed next year. Secretary Bona
parte has also directed the Naval
Board on Construc ton to submit to
him preliminary plaus not later than
Nov. 1st, 1906, which, with the accom-
panying specifi cations, will be suffici-
emily full to furnish the Information
desired by Congress before actual ap.
preparation for this ship is made.
Secretary Wilson of the Agriculture
Department, accompanied by Solicitor
McCabe, DIR. Mervin, chief of the Bu-
reau OF Animal Industry, and DR..
Dorset, chief of the biOchemic division,
have gone to Chicago to begin per-
sonal inspection of Chicago packing
institutions. "Before drafting the
regulations for the enforcement of in
spectlon law, want to see what is 60
ing on for myself" said Secretary Will
son today. my Chicago stay may
run through two weeks. l have not
mapped out any itinerary"
The Office of the Supervising Archl-
tect Of the Treasury is buslly engaged
in putting into effect the omnibus
public building law recently passed by
Congress. Advertisements are being
sent out at the rate of 20 or rs a day
asking for bids on sites for public build
ings authorized. In those cases where
sites have already been secured and ap-
preparation has been made for the erec-
ton of building the Office is prepar-
ing the necessary plans.