Show I OR TEL YOU PlANS FURTHER RELIEF Plans Adopted for Relief of the Financial Situation is Outcome of White House Conference Secretary of Treasury Will at Once Issue Fifty Million Dollars of Panama Donds and One Hundred Hun-dred Millions of Certificates of Indebtedness Washington Secretary Cortel you has made tho Important announcement announce-ment that as a means of affording relief re-lief to the financial situation the treasury would Issue 50000000 of Panama bonds and 100000000 certificates certi-ficates of indebtedness or so much thereof ns may bo necessary This certificates cer-tificates will run for ono year and will bear 3 per cent interest 1110 secretarys action In coming to tho relief ot tho financial situation wools with President Iloosovclta hearty npprovnl and tho plan Is the outcome of tho several White house conferences which havo been held i within tho past fow days when the financial situation wa under consideration consid-eration Secretary Cortelyou says that the Panama bonds will afford substantial relict as tho law provides that they may bo used as a basis for additional national bank circulation Ho also states that the proceeds from tho sale of certificates can bo made directly di-rectly available at points where tho i need Is moat urgent and especially for tho movement of crops which he says If properly accelerated will give tho greatest relief and result In tho most Immediate financial returns re-turns Secretary Cortelyou adds that those relief measures will enable him to meet public expenditures without withdrawing for that purpose any appreciable ap-preciable amount of tho public moneys mon-eys now deposited In national banks throughout the country |