Show TUB THE secretary lo leor on oa assuming charge of tho the national treasury I 1 credited with the natural desire of doing something ty by balb henry he may term tarn town and the gratl bid of the tb country 60 0 a fial ale tho the lots secretary uton won great m by him latt argani aa gani of 1 h lio T 11 ill mail nd csir it 11 17 per hape dibo ba did not dot continue ills hie 6 per cent t bon bonda at quite re ir low figure so a lio he might bud aad though there wao i ionic some lit hi him because he bold on to ilia surplus looger then linn be ti had dead to dordi 0 to o oto a extent ibo money did 0 a well that his hi town iamo an ft ft a successful ury rabil KO nry may bo be considered fixed ME there two eminent be evil lii 1 told raid to wih to do by which he may my bo be cd the mcfad of 0 mediocrity and total lips by big pro becom 0 a log of him bl pilot ii bi hinted ii i abed ila ho will fin ilk the first plug to the d 1 aches may at ry pay out oui fifty iu falls bif W tb abo 1 ID the ibe treasury and ad td 1 tit it 11 tiara thon 6 laria surplus at t all 11 1 iliac la in thamm for r the abo afta acty or of P 1 paymous py pay mout b sod I 1 iu of ft adm run with wilb lacki cheit I 1 kau bea at ft ikpe gum buro amount ing me the average ar cra to thirty millions of must ad hot bla uc 0 to the HIS or of the tb ter varl oil oui albu and ibe HIS daffe re t ta the urn gum bold bulj coast constantly fly on n abo fit fia dt account Is ii far greater bining ling bulu uy say 1 ii to ery abu a tho the codd mail might be used bodal bodily and it nob tio ahro 1 I couo a so 84 hot the bow uc secretary will doubtless doub bo be quite quit fare 1 la paying out aft ably IF mi nil lloD from it counts ad there will be 0 o quell much of the debt paid sad and it ile caved laved it go mcalary enjoin Fu leo is 1 led with ibba ft amice to in some by get it t the i aa hid at 1 per I cent bonda ban do to lo fredm th be ill at ilia present rots rate of will noab not be enough of 0 aba r a sac 3 1 per co to last jut until t the he others Z be come duo da but ft a blight computation will hoir boor that it will 11 not at pay to lot let 3 per cent bond nin a and in wait redeem either of the ills oilier add tharo T 0 rf liO WOO ot 1 41 as per cuk t b bandl d 0 bud thoy they will buc coun du do in wl 51 they at corn man a 4 ft premium pim noa now or 13 1 3 per percent cent abe pon par to tn buy bay the iho hot net would ct cost thoro ther will he b paid oa A thus tte bond prin pria elpa end if they ran m to lati turl ty IT tio I 1 gum um or of S ashow on but lb IL Ms buy beyth them ivi bulj ithe fa caa ill at as per par cent III 1 t rest amount to a clear ints of of so at payin ayi enLi la I 1 the same an way the tt 4 per cents ca bj being st t ft of 18 16 pr per cent above pr par mud to TS do daa 1 ID irl would require the hyat alent of to buy them it ir t boy run of at 1 I present prent hl 1111 Murl murloy ty file m will bo bit paid oa no the principal sad od 1 farm ON the tbt um gum required to buy them would la a the same ame time at 31 33 per calif mount to 10 W 1 of tile reckoning an bud based on OB the url that the tha tir action would b beat att once atad braze e all 11 II the abo bond any postponement bould not mate leti y ehing hs gg the adverse difference Bes idest it II uie tile go 1 I a otilta th ih I 1 1 market As a parc lumber a alic premium would be apt to 10 rise it if however it II b be the Secre idea dr t batt liess lilker higher interest lo treal head cache aka le boullit la in the res ket wd and three per centa ward to voted ills required obey money he ha would be able to att are something on tho the booda of but not on those or of voil cent bould which should boull a take the lc of too ibo latter would 0 00 issuing enough mom of them to provide for pat end ad premium require a total out lay of against lott WaO OOOO still a lots of th tho hard a f 1907 however might b be bought bo nd it if I 1 3 pr nt booda bonds equal irl to the iho pr per and premium wore 6 lugod nod the abo bolo bale amount of the pride ipei md and leta lo at to racca tacio be which will bale etolo to be ba paid on the 4 per cents antu an they no tirig 1 in gross erom or of h bow a ir 1 ahu it rou f for h g 1 1 fedil a lio esz baa all 11 1 the 1110 cod 1 ficro 0 1 0 ursain airall 1 goolt I way u iho e af fal alc or ft dream it Is dot 1 likely l I 1 i tai fors t anything in ill direction stakes will be code unless hie 1110 dow Seer clarr tell ball bo be old blo to malto make A further eon con of tho the 8 S tj per par cent shidow dow and reduce abo ID terest on oa them to 3 per cent the ilir slide find would appear to bo be much am mr mi abran recently mid bold that 11 II 11 which co can be b dono done in the wj way of trl klof financier log ing has bm been beat donot dome and adi there 1 li nothing bollisn Bol liln left for the ibo new to do la that ill inlet to on H iio 0 to likely to IQ UT its ft smooth add placid it ministration of ill mhd T ary but ao 0 fecat I 1 h for 1 the dl pl AC bic of be z f 1 ho us may |