Deseret Evening News | 1899-12-22 | Page 7 | Relieving Money Stringency

IOSI Secretary of the Treasury Faye lie ii I is Do lug 11 lIe Can New York December Decem el dispatch to the Times from Washington quotes Secretary Cage Gogo mum as saying The treasury has to rl re Here a money stringency In the only wn way that It could do Eq a legitimately Dy By offers to purchase bonds to pate poto Interest due duc without and with to re rebate bate and to go without the Income toJ to tobe be derived froTh I n Internal revenue s so that the moneY could become available through the depositaries It has hils done dono what It seemed proper to do Since It offered to take up ot of bonds time the prices 1 of bonds have hae advanced and they hold their price while many stocks have fallen tallon many points on the tho market murkel Some ot of the bonds now on the list would lie be worth to era lees 9 than 2 per ler cent at the price made Ot Of the of at bonds the treasury offered to buy but have bae been offered The offer Is still standing We may get gel time other 5 OO or Altogether there will wll be bC released I roam treasury control and made available le for tor t use nt at various Arlou points IS cia the treasury could not In ot of one city ty Its deposits In banks about As I have said the prices ot of bonds have advanced They are arenow now beyond the urlce urice at which the treasury offered to lIu buy them How Itow much should the treasury otter tb pay And when It has to pay n a aprice price wilt will that price be advanced agaIn That seems to be a matter worthy of at careful consideration