Show PANAMA ANiMA CANAL BONDS Will WillBE WILLBE BE ISSUED IN NEAR FUTURE Will Probably Bear Three Per PerCent PerCent Cent Interest as an Inducement to Investors W ASHINGTON Dec was set in motion today to for or an issue of Panama canal bonds to end a dram OIL en t the working balance of the treasury which now threatens a da Secretary of the Treasury MacVeagh had a long con OA en the sub sab subject with Senator Aldrich chairman of the Senate committee on finance It R appeared that several ral lions hAd arisen arlO and that further Jallon would 1 necessary Ir if the pro proposed posed ne new securities are to find a mar market market ket without del depressing the more than seven hundred millions of two to per cent bonds now outstanding Under the tho or of the Issued additional Panama bonds i 1 was wal provided that they might bear bearthree I three per cent Most or of the i government securities no now outstanding bear benr two per cent cont contIn In order to the two lu or of bonds when for Cor bank circulation tion It was Ha provided that the three pr per percent cent should be taxed one per cent nt a as against of oC one per Gent b by the two per cent bonds bond when so soused used Macea MacVeagh h adan advanced the idea that if IC the nw new three per fir cent bonds bond were r made madl tr for trI forI I bank circulation It W 1 a I curtailment ot of the demand c for Cor the hI tO per cents tnt n as th Vu at atwould atI I rr would 4 1 bO be t h hI I the banks as a bas basis for tor i An isue of bond boad without tion It I is pointed 1 be In the nature atur or sin n TIt nt TItS S retal I is anxious t know whether au t h would have no aU attraction In ot other t I I I Ia ia a straight t Investment fint a amark market mark t tIC It IC bonds wr were 1 1 not ot avalli e for tor bank kE circulation further I I thin required Till he true hould i It h t the interest must mut be t 1 ni 1 per r nl to a TI r for Cor them w Ii Ut 11 i V been n tn on with ii ii Ih I his t In lit of h ha tra 1 ini n 11 10 II In tp that th th d 4 wi I r II h r rn m th I f d i n provisions will nt not t to h j l I I h ha n li lin t cn n fl an in 11 I i I h pr n 1 II I 1 J r rII r rV II V It T tt rP 1 f IJ lg t I |