OCR Text |
Show Extension of Government Honda. New York. June 4. Secretary of the treasury Foster held a conference today wit h a number of leading bankers anil broker of this city in regard to four and one-half per cent bonds to be redeemed re-deemed by the government September 1st. The result of the discussion was the adoption of a resolution oppressing the opinion that in view of the necessity of an increase in the. circulating notes for the movement of the abundant crops, it is to the interest- of the country at large to extend the maturing four and one-half per cent bonds at the rate of two per cent, payable at the pleasure of the government and that the lower rata of iuterest tend to contract tho currency. |