The Birmingham age-herald., 1907-10-31
RIDGELY ISSUES AN
 OFFICIAL STATEMENT
THE COMPTROLLER OF THE CUR RENCY WILL FACILITATE THE INCREASE OF NATIONAL BANK NOTE CIRCULATION AT ONCE.

Washington, October SO-Comptroller
 Ridgely today issued an official statement
 which says:
 "The comptroller's office will in every ! proper way facilitate the immediate in- i crease of national bank-note circulation l With this end in view, all such national ! banks as have government bonds in the i hands of the treasurer of the United ] States to secure deposits and also have 1 any available capacity for increased cir ] culation will be allowed to substitute other
 bonds satisfactory to the secretary of tho l treasury basis f5r government depos- 1 its, provided the government bonds thus l released are used to increase circulation. This rule will apply not only when the bank transferring the bonds from the deposit account to the circulation ac- count takes out the additional circulation notes, but also where an arrangement can be made for any other national bank having capacity for increased circulation to take out the additional notes. National banks are urged to take this question up immediately with the depart- ment by telegraph and take out the add- tional circulation IS rapidly as possible. The comptrollers office will be glad to furnish whatever information is needed in regard to the circulation printed and on hand and bonds available for this pur- pose. VIM B. RIDGEJY
 Comptroller of the Currency"
 Comptroller Ridgely has taken up this question with the national banks with q view to giving relief as quickly as 1t can be done not only in the large cities re- quiring currency for pay rolls and such purposes but also in the country dis tricts, where the banks have difficulty in obtaining currency from their reserve agents.
 There are a large number of banks which have less than the maximum amount of circulation outstanding Many of these have government bonds on de- posit to secure government deposits Mir Rdgely is urging these banks to substi- ute other bonds acceptable to the sec retary for their depostors' security and have the government bonds thus released for taking out increased circulation, There is d possibility of increasing the circulation from ten to twenty million dol lars in this way, with circulating notes actually printed and now on hand in the vaults of the comptrollers office
 There are over 800. 00O. 600 of government bonds in the hands of the treasurer to secure government deposits, and 1t would be possible to increase national bank cir culaton by over $500 000, 900 before the limit of capital stock is reached. The tele- phone and the telegraph lines are being used to urge banks to take prompt action in this matter.
 The conditions in the treasury depart ment, according to the officials are very satisfactory. in view of the large dis bursements of the past week.
 The director of the mint has been in- structed to work to the utmost capacity the hints at San Francisco and at Phla- dephia for the coinage of large amounts of bullion on hand and every other branch of the treasury department thar can in any way afford relief is working overtime.
 The secretary today received very en- couraging reports from different sections of the country.