The citizen-Republican. (Scotland, Bon Homme County, S.D.) 1???-19??, 1907-11-21

All that our people have now "a do is to
go ahead With their normal business in D
normal Fashion and the whole difficulty
n~iSappearS; and this end will be achieved
II eacn. man will act as he normally does
act and as the real co, itsons of the cotsn-
try'S business fully w-4rant his now act
ing, Sincerely yours,
Theodore Roosevelt.
Hon. George E. Corteiyou, Secretary OF
the treasury.
Treasury Statement.
Upon receipt OF President Roosevelt's
letter Of approval today the following
statement was issued by the secretary OF
the treasury:
The available cash balance of the treas
the exception of a small working balance.
now on deposit in all banks in every state
and territory in the union. thus placing it
where 1t can serve the needs of the peo-
Pile as far as possible under existing Law
TIE secretary of the treasury, with the
approval Of the president. has announced
Of $50, ooo,0oa He has also, with the ap.
prevail of the president, awaited himself
OF certain provisions of the law applying
to the transaction of the treasury in times
OF emergency. These provisions are con-
tanned in section 30 of the act of June 10.
1917. authorizing the issuance OF interest
for one year. Certificates bearing 3 per
cent. interest will be issued to the extent.
II necessary, of Si00, 100000.
The Panama bonds will serve as a meas
ure of most substantial relief. for among
other things the law expressly provides
that they may be issued as a basis for ad-
ditional national bank circulation.
The proceeds of the sale of certificates
provided for under the above section can
be deposited almost simultaneously with
their purchase upon approved securities.
They can be made directly available at
points where the need Is most urgent. and
especially for the movement of the crops.
which If properly accelerated will give the
greatest relief and result in the most I'M
mediate financial returns.
The acceptance of subscriptions by the
secretary of the treasury win be made
with special reference to such use. Both
the bonds and certificates are attractive
as absolutely safe investments.
things, enable the secretary of the treas
ury to meet public expenditures without
withdrawing for that purpose any appre-
ciable amount of the public moneys now
deposited in national banks throughout
the country.
Canal Bond Proposals.
The treasury circular inviting pro-
posals for Panama canal bonds reads as
follows:
Treasury Department, Office of the Sec
rotary, Washington, d. C., Nov. Is, 1907
The secretary of the treasury offers to the
public $50. 600, 600 of the bonds of the PAN
ANA canal loan authorized by section 5 of
the act approved June %. 1902 and supple
mented by section ] of the act of Decem-
Der 81, 19I. Both acts are quoted below.
The bonds will bear interest at the rate of
. per cent. per annum. will be dated Au-
gust l, 1906, and the interest will be paid
quarterly on the first days of November.
February, May and ugust. They will be
issued in denominations of $50. 500 and
s., 600 of coupon bonds, and of $50, 500,
1000 and $4,000 Of registered bonds. They
will be redeemable in United States gold
coin at the pleasure of the United States
after ten years from the date of their
Issue and will be Pay payable g;u thirty ha years
from all taxes or duties of the United
States, as we'll as from taxation in any
form by or under state, municipal or local
authority. They will be available to ma
tional banks as security for circulating
notes upon the same terms as the 2 per
cent. consols of 1880. to-wit: The semi-an-
nual tax upon circulating notes based up
on the said bonds as security will be one
fourth OF l per centum. They will be re-
ceivable. like all other United States
bonds, as security for public deposits III
national banks. The law forbids their
sale at less than par and provides that
all citizens of the United States shall have
equal opportunity to subscribe therefor.
Bids Invited.
In pursuance of the above announce
l ment the secretary invites bids for the
bonds heretofore described. Each bid
5 should state the amount of bonds desired
by the subscriber, whether coupon or reg
!, istered, the price he is willing to pay and
the place where he desires to make such
payment. whether at the treasury of the
United States OF at the office Of some OF
the assistant treasurers at New York. Bal.
: timore. Philadelphia. Boston, Chicago, St
lJOUlS SlI!Clliiiabi, A>SH otiCdllS oi odi
Francisco. All bids should be addressed
to the secretary of the treasury, division
of loans and currency. and the envelopes
+ inclosing the bids marked plainly Bid.
for Panama bonds. Upon receipt AND
Classification of the bids hereby invited
the successful bidders will be advised o.
2 be instructed as to the date upon which
payment is desired to be made at the
treasury or subtreasury Of the United
States.
In considering bids the bidders offering
. the highest prices will receive the frs
: allotment. OF two or more bidders offer
t smaller amounts Of bonds will receive pri
GRITTY in allotment. The department re
serves the right to permit bidders offer
. ing the highest prices to increase tn,
: amount of their purchases.
. Fol- the sake Of uniformity the bond!
will be dated August l, 1906, which is tn,
g bonds. but interest on the bonds of thi
T issue will begin November /, 1907, ant
: bidders will be required TO pay accrued
interest OF their bonds from that date t
: the date of payment. The department ais
h reserves the right to reject any or al
e bids, If deemed to be to the interest o
Y will be ready for delivery upon receip
( of aynen thereof.
Prospective bidders desiring information
not contained in this circular may address
. the secretary of the treasury, division o
loans and currency, Washington. D. c
Y the assistant treasurers at Chicago, 81
l. Louis. New Orleans and San Francisco.
George g.. C~ortelyou, Secretary.
For 500, 100000 Certificates.
y The treasury circular asking for sub
scriptions to the 500, 900, COO ) per cent. eel
t.Gicates of indebtedness reads as follows
V Treasury Department, Office of the Sec
> rotary, Washington, D.. c., Nov. is, 1907
The secretary of the treasury offers t
/ the public at par and accrued II teres
= from November 30, 1907, 800 con, 900 of tn
certificates of Indebtedness authorized b
v section - of the act of June IS, 1895.
The certificates Will be issued in dc
nominations of $50. They will be payabI
: to bearer, will be dated November 80. 1870
O. and will bear interest at the rate of
20 per cent. per annuln, payable with til
ID principal sum on and after November .
n 1908. on presentation of the certificate
70. for redemption at the office of the sec
rotary of the treasury. division OF loar
70 and currency.
m subscriptions will be received by the set
Rotary of the treasury direct or throug
"a The treasurer Of the United States or ii
80 assistant treasurers located at New Yorl
Baltimore, Philadelphia, Boston, Chicagt
st. Louis, Cincinnati. New Orleans an
San Francisco. beginning on November
Mt and continuing at the discretion of II
w secretary of the treasury.
rs In order that the class may be properl
lS distributed throughout the country S5n