Show THROUGH BANKS Secretary Shaw Will Aid Wall Street to the Extent of Eighteen Million Dollars New York Oct Shaw authorizes the announcement that on and after Oct 23 deposits t facilitate gold old importations will be discontinued He saId in connection with the an announcement that the Importations had exceeded his expectations and he be that for the present America had quite its share and he had no dispo disposition disposition to disturb conditions in Europe b by a continuation of that method of finance Secretary Shaw also announced that he would stimulate national bank lation to the extent of by ac accepting accepting approved se securities other than government bonds for deposits alread already made the bonds released to be used immediately as a basis of circulation without withdrawal from the treasury He does not object to the assignment of the to other banks than those now holding them but to insure their use they must remain in the treasury and in addition the bank taking out the circulation must agree to retire the same before the of March and the of August lOoi 1907 The banks will be required when tal ing out their to make application for its re and the order for per cent of retirement from month to month will be determined by the treasury depart department department ment mentIn S SIn In this way eighteen millions of ad circulation can be immediately issued and gradually retired during the spring and summer months In this way also Secretary Shaw e expects to demonstrate in limited form the benefits of an elastic currency |