Deseret Evening News | 1906-07-14 | Page 2 | Secy. Shaw Designates Government Depositaries

p SECY SHAW DESIGNATES GOVERNMENT DEPOSITARIES Washington tn July Jul Shaw of ot the treasury department on his hl return today toda from Now New ew York sent out tele telegrams grams to 10 a Ii number of ot national throughout ith the country designating them as government depositaries de and Informing them that bonds to secure Ur Uru pu each u h deposits as Ill may mil be made with them must be he b placed with the govern government ment latent by b the dote dora of at business next Wednesday The secretary has hu called In the Ih loan lonn of the government made to various fi n financial Institutions with state late and mu municipal bonds bon Js as security I Indicating his hi Intention to have brave government bonds substituted us HI security Ae In order how ho however ever not too to contract the amount of or maney mOM In the banks bank I Suy St Shaw Siaw will deposit with lIh the Ihl new depositaries po l tines In lii the neighborhood of JT 00 MO of the now called In and secured by b state and lId municipal 1 bonds The 10 millions c called lle l in has hal to In he lie paid by b the Ih Oth lust In l the Ihl date of sale Ie of the th 1 nil nta bond bends bondAs I As At 8 announced hy by the Ih secretary M the th treasurer will leave lean on deposit with 1111 the banks blink at III least of or the amount realized from the Ihl sale HIlt of the Panama Issue Msue I up of tOO and the probabilities are that half halt the amount realized realised from fram the sale of ot the Issue and anti perhaps a II little more mort wilt will b left with lIh the links of ot the amount