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Show New Move Toward Normalcy , By Ira C. Tichenor TIE action of the treamiry cVpartmi-nt t Wahini?ton in offering two now issiu'a of (jdvi rniiK iit Ht-curitim at a n-duction in the in-tfrost in-tfrost rati for the repctive rharactrr of tha propoHod iHUa can ! look.d upon as the pawn "f another milrponl on the country finan.-lal highway nni a dlailnri furihrr mov. In th. direction of normally. Ai atatrd In a nrwa dlapntrh from Wanlilng-ton. Kn-rrtary M.llon. In pur- u'.mo to the policy of refunding tha goYriinnt a ihort trrm debt, haa an-nouncr.1 an-nouncr.1 an off.rln of Jt,-yar i - per cnt trca.ury notea on ufidrr-tcrmlneJ ufidrr-tcrmlneJ amount, and aliu nn l.aua of on- r 3 per cent treAjury certificate certifi-cate to the npumnt of ahout l:.-.o,00t),0(l0 n on of tha mna of meetlnit he;.vy j,:.yi... run due .Iwno II and ln. lud.n al.oul J180.000.000 of certificate, that l... ,.,n.. tiiatur.-. liiii.oon.uM of i per cent Victory notea that have been c.llc.l fr redemption, and llil.ooo.OUO for Internal on the, public debt. Hrverul Int. r. Mini: f. alure. .itt.icli to th. provlan.na of th two propo-ed ,PI i,M1. Tin. principal . ne n uurally la tha fact that th. rat of 3 per cent on Ihe on.-year oniric. t.. la a reduction of H per cent from th. la.t prevlo.n i.ue .7 on.-j.-nr certlflcntea. In tha r.ia of Ih. 41. per cent trc.uiy ii.h.h. il... U.uo i c.bti.lnihla only In exchange of 4 per cent Vic ti.ry not..-. hll" an 'Id fraction hi.a l.een employed by the government for any f'.rm of ln.eiin.,lneaa for the flrnt time alnce tha Civil war. Notlc pr. .i..i..'v ban hem taken of the action of tha treasury department depart-ment In calling ll.a S ir c.nt Victory not. a for redemption on Jun. 15. or nearly a year l.cforu Ih. ir maturity. Tha ...vernm.nt la taking advantage of the ..pi., n in li..- t.i i.:. under whl'h the Victory loan waa offered on April II. VJ un.l a a i. null . f Ih. four month.' notice of redemption pravlou.ly g.ven, lnleie.it on the notea will ceaao June 15. It la therefneo encumhent upon the holder, of the. notea to pr.aent tham at one for redemption, which can b effected through any bank or truat company In tha fed.ral re.erve dl.trlct In which the holdera re.l.le. or by dlre. t application by Iho.o living In thla. th. Twelfth dl.trlct. to th. fed.ral reaervc bank In Sun Fran.-l.c. or lt branch.. In Salt iJtka City. Loa Ang.lM. I'ortland. hcattl. or Spokane. |