| Show j APPROVE ACTION OF CORTELYOU YOU New Hew York Bankers Capitalists C And An Financiers Think It I Bound To Have Beneficial Result Rosult Roul EFFECT IN LONDON IS GOOD Henry CI It fl I lining I IH Ag l H t n It rt tn in War MM r e eIn In itt I unto 10 fit t 11 New N York Yol Hev tov NO epi ep tEllata fl and here Her hN generally ap ag approve a prove prose pe the 1 action t of o Secy Necy ly C u In II issuing 11 i In Panama hm bonds bond sad and d I In 1 of o corUScates c et of ot ness nes n for fr the th relief reli of o the t I The e bane lt It was wag awn oral 11 1 opinion to I bound bund to haw havi h bon b fla results remit The lens iara of O treasury Ury receipt It is g slid said d will wi Immediately relieve rUn tha tite tM cur car currency C rency nCy scarcity sad and a the on en 0 cash eh Tho l putting out Oett C of l thia gOT gov 1 mm nt security In small mall 1 denomination ions tion IB ii I a good movement molt It to is believed teve al Ce It will wl attract from froen It its It hiding bl places much luh of t the th currency urD wl wh ha b beset been M taken out of ot by bt timid bank doo On O suggestion tO a t t to the t effective eh ue use u uto to which n the t new tamie lusile s may ly be b put wee was made md by b an n International banker H Hu He u the he I opinion ol that tha t a large pro proportion proportion portion of th the new IW ew bonds would woold find their way ny 8 to Prance franc In and nd In exchange we e ut get el some om of or the th millions million of at Fren h goM goil which the bank of ot Prance ha be already a lu lla it to allow to 1 fool float toward tot theae providing It had some com sort rt of ot govern government ment guarantee curan of It Its Ita Some of or the h favorable expressions re nt regard gard I us the th Ih governments action cU fol 1 low lowI I Leslie e ll M X thaw Shaw president of ot the tile Car negle negi Trust rut company om pan and of or Ihl hi treasury I 1 thoroughly approve of or e both measure and ami expect most molt ben belt Frank A Vanderbilt vice Ite president Ident of ot the National City Cit bank bankI I regard the action a admirable and andI nd I believe that It fully tullS meets meet tile the sit of or the present situation atton It ought to 10 cause CUM an Immediate i of or the premium on currency J Th TIle man main In relief will come tome from the Ute short t term notes ot Paul Morton president ld nt of 0 th the ble hie Life 11 tandy society It U wilt will have ve n unusually healthful e off J j J Simmon immon president ot of th the tte Fourth National bank bankIt HI H It con cnn hardly taU fell to tiring bring a much slid needed r relief William A Nah Nh president t of ot the Corn 1 bank The neo action ot of Secy Becy Cortelyou will 01 not only am tilt di a great groat t oal oeal of ofIn good goal here hare herein hareIn In the Ibe present financial stringency but bat t tIt It will tend t nd to 10 it American It I I on a firmer basic bal b al In lit 1 Prance Franc e and hawl a u as It do d does that thai t w we i are willing and tend Ie to handle handl th the situation at st home through our own government A partially view 1 n was a u given by y henry Clew He Ut disapproved the thel theu l u ue of o certifIcates t of ot Indebtedness Mr Ir news lewa CI said ald Id The Th of or of ot Panama bonds bond In Ia t a gOOd Rood measure m of ot restoration of or That with the I we fI have h Imported In ill 8 gold geld ld should MOUd give JI u tie enough money am and M more I question th Ut the legality of or th Ui the certificates of ot in lit and I bU believe ve their issue I is and will 1111 provo prove very ry Injurious ous flue We have ha I money messy ey enough w we will need ned more confidence The T Panama bonds would have hav to be w Issued sooner or later but there the I l no eaon n for tor tho thu I to 10 war measure In lit time peace pC Inflation at this Urn tine will only weaken th tb the money th the government Is ii I backing sad and a flood of or certificate is La liable to t drive out th the gold lOW w we have he Im Imported imported ported I EmOTT IN I LONDON GOOD I London Nov No II The official ocial an sit I I from Washington that treasury tury rj ury certificate to 10 th the mount amount of ot 1 beating bearing Interest at AI S 1 per perI percent I c cent ceat nt and Panama bonds bond amounting to tie would be issued Immediately in lo to relieve relve the financial gency In II the United States had bd an Im Un mediate effect on Olt th the be market her bare to 10 lay day d promptly moved mond upward th the firms and nd members member of ot th stock tok sa x change belIeving that secy See of ot the tha Treasury Tury action wa wu to I In lu a great measure me aure roOmy Lbs tha tb strain In the Ih money moll market kl It was 1 thought I Probable that thaI it would stop atop Uw drain of I gold 10 from this market hull and the Ibe necessity for or a further Im rene In th the bank bLOk of ot England rate of nr discount which had haet been beton adversely af t ree by the th outflow of ot gold fold jumped U uJ Ill half u II point above Saturdays otis olos Inc in Price to 12 anti and an other so rose roe ro In II I I American elected i i 1 to toO toI I point above Saturdays price lid and asu Oh ogg a d hind hid hJ d in the tile forenoon at aig twin home M of lit the Improvement y red but ht at noon they thoy tile Mill wI 1 firm HI lit 1 I to S 3 points point above bov pal pall palts ts t l Following th lie I of or New York fork price there thare tU wa was w temporary but under renewed the lh market d doted strung strong It a fraction below the bet host of he the days day The today In iii I American eagle 1 from TOUt th tile the bank GOLf GOLD KOH OK l Oit Iu No 00 It Th Mat lt l hout a hou e at la ta gold la ta UN the I 0 rt today at 1 y 1 PaIM Ni v i on u the homes r toda teds were r The or f 1 tie atop i lj a taken laan by the tits treasury Ir to 10 Nil r in lit II iu ua Ui i vi I it America An made goad oo J hole hie ha the I hope hop tint th they y Wi y I I tg II fh he rapid b fart OKI bit hili to 11 Hank Puk of K gland did id tut tuti a aI i c t n I tIC rite rata today tolla al at j hi hl rJ j In it the thi Ih |
