| Show APPROVE ACTION I OF CORTELYOU York Bankers Capitalists Anti And An Think It Bound To Have Beneficial Result Rosul EFFECT IN LONDON IS GOOD 1 Condemn H I lt ne lining Isi tl n a 1 in tn Wit M W lit Ih ro of or orN Iwae Kew N ew Nov HOT No 11 18 Banket p what awl asO 1 here her br pl ap approve a prove peeve p tb the a eN of o flocy Becy CO In InI i IW M In tip I Panama bonds boada 1 awl and UW M s e at act of ol Indebted I ness n for the tl relief rt of ot the t nl T The Th teen Issue It K wan waa 1 isa oral 1 opinion n la Ia bound nd to tn have h ben fa results It The lame issue of f treasury receipts It tt Is said d will Immediately relieve the hi Ih cur O rency Nty scarcity mad and a banIsh ini the prel prele on en e cash ca Thu rho Th puttIng otis oui o ot of o this hi rev gov government IY security In small m denominations tl is I a good 8 movement It is la b aa as It I will attract from l Its I biding bm places pin much Ich of the currency cura which has ha b been en depositors taken t n out oat of nf circulation by b timid bank On O suggestion t M sa to t t the effective use UN UNto to which the th new ne IsSue may my be b put was wan made 4 by b an International banker He Re H expressed 11 the opinion oln that Iha l a large I pro proportion proportion portion of nr the tb new MI bonds bond nd would find their way ay to Prance France J and In exchange e ewe I we uld get tl some eo of or the Lh million militona of gold old which the th bank of Prance France has h already a Ild i Its It It willingness to allow allo to 10 float lt t Int these them te shores bor providing it I had h some e sort art of govern government verA mint ment mt guarantee of Its It It securities o Borne Ion of the favorable IY expressions re regarding regarding low garding the th governments action aclo tel fol follow f tellow Leslie LII M Khaw president of the Car Carnegie C negie negle n Trust ut rust and company ad of th i treasury I thoroughly approve of nf both measures ur and an expect mo mot most t ben ln results result Ihn Prank Frank A Vanderbilt vice Ip president of or the t National City bank bankI I regard the th action aa a admirable and andI I believe bellev that tbt it I fully fl meets meet met the ti uses necessities cities lle of ot the h present plat situation It ought to cause cUM an In Immediate disappearance of the Ibe premium on currency Tb T man mani relief notes note not will 11 come com from fm the t short abort alt term Paul Morton president of the th Equitable Kut ble bl LIfe Ufe I society fC H It I t will wil have bave an unusually healthful J Iw Simmon himmons president of the tho ti Fourth National bank bankit balk balkI U it I can en hardly i tail fall tl to bring a much needed Deeded a relief William Ulm A A Yank Nash Na president of th the Corn Com Cm Exchange bunk bank The t action o of o Secy S Sc will wi not t only 1 do 4 a I great t of o good bass bassIn In ID the tbt present financial nt stringency but It will wil tend to t establish American crud c cI It I on a s firmer baste bl in lIland France Franca and a German Ga as It does d thai t wo we 1 are willing and an able ble to t handle the t situation government nt at l home bom h through tal our ur own I A it partially lew 1 wa was u given by t Henry Clews Clew C He Ue 11 disapproved the theto theu to ue u of or of Indebtedness Mr Ir r leas e said raid Nd The h of or of or Panama bonds bond Is I a good measure m of restoration of or confidence That with the we have h Imported la in gold should give lh u tIll III enough money oney and nd more I question th tb the locality legality of r the certifIcates of or In itt Ino h o fl tI and nd I believe their Issue i Is II and will prove pro very ver Injun Injurious Otis ous ft We e have ba money no enough nou b we w will wUl need more IntI confidence The Panama nama bonds bond would have hav to be lie Issued IRu sooner or later litter but there th la III i no valid reason for tho lb resort to Itt war ar measures measure In time Um peace Inflation at this time will only I weaken the money mone th the government Is I backing p and lid a flood of 01 certificates ls is liable to drive out the gold ws we e have ban Im he Imported ported E T iN 1 LONDON DOH GOOD London Idon Nov No is The official an announcement from Irom Washington that treasury certificate to 10 the amount of bearing Interest t ai at a 3 per por percent percent cent nt and nd Panama bonds bonda amounting to would be J Issued Immediately In order oner to relieve the tue ants I peney genry nl In the State II had an all Im Immediate mediate media effect en t on the mark markot t here to day da Prices promptly upward the fIrm Arms rm and nd member of ur the ihn I h slot lOuk ok k ag x a i change believing that thai Oncy of 0 the th I Treasury Cortel action IWon was ws U to lu a great lIat reni remove lb th strain In the t e money mony market markl n It was laR an t thought bought I p ide that It II would stop top the be drain I of ot i t gold Irol front from this Ihl nark market aol and all obviate the I necessity for a further flu In real e In tn th tb the hank bank of r England talC rat of or discount which lad had been bei ad adversely Tersely at af I reeled ly by the th outflow of gold jumped U uI Jo half halt u ci point above boVIt Bat atom otos c ln mx price Irl to U 53 H and other British se me securities rose 10 In lIal tb American A t I to I points P above Saturdays Mal urdu price and hinds in the he forenoon at Il home tn if r the 1 y i peered l but at t omen noon thy they u still mIll Ft t linn Attn ui lit 1 I to a I points above pal u t th Use UIa receipts of ot New Hw York r these thre Use was wan temporary hesitation but under renewed support the Ih market strong t a fraction beta below the tb beet bast of ot the day The Th United t t Mat Italic today purchased I 6 III In American eagles 1 from frum tb u the hank ank GOLD FOR POK AT I No io N ot H The States secured about 0 In gull gold old U 1 th Use tIte OJ MI t today 14 at ad U IlL I ii muc 1 D URaE E Ta ab is Now Nov V l on opt the loda w era re r firm Arm The he ai uni ent t of 0 the lie lii I n by b the ires ur to II ii the lii Ih sLumS II lIOn I Antilles made mad goi d 1 h her i Un the h hope pi th they y vi 0 I lead II tv Iy tg be Improvement ins lb h fact Unit tue tu 1 Hank Pank of K gland Id 14 n t ti i t u II tIC rate today tody al aI j h ii l 4 In p II i Ih t tp n ti r |
