Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1907-11-19
FOR FINANCIAL RELIEF.
Panama Canal Bonds and Ger.
tificates TO Be Issued.
APPROVED BY PRESIDENT.
Secretary Of the Treasury Call, Ai,cn.
ton TO the Fact That an Investment
In These Securities IL Both a SAT-.
and Profitable One.

Washington. Nov. Secretary
Cortelyou has made the important an
nouncement that as a means OF afford
Ing relief TO the financial situation
the treasury would issue $50 900 .OOC
certificates OF Indebtedness. or SO
much thereof as may be necessary
The certificates viii run for one year
and Will bear per cent interest.
The secretary's action I'm coming "a
the relief OF the finacial situation
meets with President Roosevelts
hearty approval. The plan is the out.
come OF the several white house con.
ferences which have been held within
the past few days. when the financial
situation was under consideration.
Secretary Cortslyou SAYS that the
Panama bonds Will afford most sub
stantiai relief. Fs the law provided
thty may be used as a basis for add.
tional bank circulation lie also states
that the proceeds from the sale OF the
certificates can be made directly
available AT points where the need Is
most urgent. and especially for the
movement OF the crops which. he
says. If properly accelerated. will
give the greatest relief and result In
the most immediate financial returns &"
The secretary calls attention 20 the
attractiveness of the bonds and certlf.
icates as absolutely safe investments.
Secretary Cortelyou adds that these
relief measures will enable him to
meet public expenditures without with.
drawing for that purpose any apprecl.
able amount OF the public moneys now
deposited in national banks about the
country. Two treasury circulars, one
Inviting proposals. for the issue OF
bonds and the ether asking for certif.
icates. will be sent out under date Of
Nov is.
In his letter 10 Secretary Cortelyou
approving the treasury plans President
Roosevelt states that he has been
assured that the leaders in congress
have under consideration a currency
measure which viii meet in perma.
netn fashion the needs OF the situa.
ton. and which believe will be pass.
ed at an early date after congress
convencs. two weeks hence"
The president adds: What Is most
needed Just az the present time is
that our citizens should realize how
fundamentally sound business condl.
uons In this coiniry are. and how alb.
surd Il is 10 permit themselves 10 get
into public panic and create n str4n. !
gency by boarding their savings in.
stead OF trusting perfectly sound 1
banks. There ~ no particle Of risk I
involved In letting business take its I
natural course. and the people can /
help themselves and the country most /
by putting back into active circulation 1
the mcney they are boarding. The
banks and trust companies are sol. /
vent There Is more currency In the
country TODAY Ian there was a month
ago when the sunply was ample. Fif.
ty-five million In gold has been import.
I'd and the government has deposited
another 100000 0O0 These are facts:
and ] appeal 10 the public 10 cooper.
ate with us In restoring normal bust.
hess conditions. The government
will see that 'he people do not SUI.
Ter II only the people will act IN a
normal wav. Crops are good and bust.
ness conditions are sound. and we
should put the money we have into cir.
sulation In order 10 meet the needs
" our ahounding prosperity. There
s no analogy AZ all with the way
hings were in 1893 On Nov. 80 OF
hat year there was IN the treasury
,ut sl6i. 100000 n gold. On Nov. Il.
y this year there was in the treasury
1904, 100000 OF gold, Ten years ago
circulation per capita was s23.23. II
: now s33.23. The steps that yoa
low take. the ability Of the govern.
nent to back them up and the fact
hat not n particle of risk is involved
herein. give the fullest guarantee Of
he sound condition of our people and
he sound condition Of our treasury.
III that our people have 10 do now
) 10 20 ahead with their normal
usiness In normal fashion and the
Thole difficulty disappears. and this
nd will be achieved at once II each
ian will act as he normally does
nd the real conditions OF the coun.