| Show i t U S TREASURY r I TO Iii BRING RELIEF i I Ij j WW will Issue of Pana nut 18 and ami S 10 C of o Indebtedness J HAS frs i 4 l 11 1 In II t i rM hat twi r t aa f rr O i Nov So IT n ey r tenil rm Us u lIt nc c m aia m u r f fi t i relief to 10 the Ih t h ii 1111 ii t t I II fl r J fee treasury I would ta ue of f t fn haa nm ma tin o 1180 i e Mi t in of it i r 1 41 mu h 1 thereof MM may till be nece Miry rJ Tho Thu cei I Ir r t wilt III run ui for tor one on v yr r ill iI f hear 1 I 2 per cent it Ink tL t Te In JIa 10 O 0 the relief Ileff f the tM ltha hah ft with Pa U iM t I hitt nan and Id the ilae phi I the I In com of o the II tf White WhItt e n which been held hll with 1 I Itt Ike ts pest P few day a when the th II finan financial III ella dial waa wu under i Jec cry Cortelyou lilY thui th I h hI I Inama bonat born will afford rord relief Iet a a the tew Ja provide that thai they II may my maybe ma I Id be used need a a ball bale for na ma national I bunk blink circulation He aim aIo 1100 that tilt the th proceed from the ask 1181 of van can n be tw made d directly available t at t point nta where the th lb med Id I Ia mont moMI in Ut UtI I J ent t I and for tor the th Ih movement r f crosa c p which he h IIII M If It accelerated t will five Iv the th relief alid ree H hi In the tit Ih moat Immediate nan nn cIs e turn f T y HII attention n to the tM th of ur the bunda bond and a aa mile I kM sitI adds add th that t t twill th maur will wila enable him to 10 meet k expenditure without withdraw with t lei for CM that any mount af f the public montya no now oe M puli eJ ii m ill j I i H bank throughout ih th h IU Uit Two the tilt tu Iu of on i 1 for tor iI mil 1101 Ih I oilier kIN for the th eli i Ii itt ill H in I t out nut under date ut ur urSo No So IK IKIn I In Ills Iu III ll IH Mel p t I H cy Cortelyou artIoli at trig lh t h I u I o u UI plain President vt Mit to hat ii t Ie lie has hi been o II I hat thi h th h le in I II Congress have h under a 1 i i mas inal mast 1 I tire 11 will meet ow t In II n i fashion the Ih need IwI 0 if f 1 tin II 1 It it nation fla I ri and which I helle will iti II I b I il HI tt I Ii an lit anie J i early erl date dt I mn K eH eHl two to week k l S t k The president ilo 1 1 H 11 ill t t 1 ni tl ie tO f c What hat la t I needed moil 1 a it ihU Ihl tt it that the thC tit people JI h uh it 1 lu lI II lIi I 1 fundamentally sound lut i I i In III thin a u ami 1 li II I v n nI a I Urd It U to t In penult 11 el to t tInto into a H pauli pait and ana d d rente i at 1 in n nI i II I their t 1 II 11 u uI I Ing IlIg p oun ak It i TO ru r t il t I J I n I k i The h pre I f I 1011 t I r ti t to i iI 1 Cortelyou follow I lp t f The Th WhIt higl 1 I 17 I 1 I O OI T My I Deur lit Mr I ou I liue J I Ml QU U rosl I I apI upi n ve 1 t J the thc lalue Iu of ot the Ih nfl of r lilA Ima lilAl t l ma nil w h will w III l t It a tf 1 4 available ax II a the th t ii blIM bI for 1 t ci I alwi al approve the th I MII or nt t th J 1000 or HO so ut you Ott Oll may Ina S h And of r O t per rt nl l I Ir iii r tet bearing the tha thaL i L of or the thi th dale ak 1 of or Ml IAD be beat beI h re the lbs I j at Mt once on li It I ou U II r if need ixl l nd 1 e pe 1 lally In lit Inthe f tINt the Lb wet weal und and 1101 south the Ihl crops croya Iro IlAv to t I bf b moved I hn 1111 II f r I II t I that hut the th le tru of ot Congie I g are ft con coni i i a It t y hill hili K will wUl iut IU H HIn I In permanent 10 the h needa neta of the b sItuation and I believe will be beJ at iii nu Ru date after l two hence honee BINE CONDITIONS J I Whitt l I Ia mot moat s td citi JUMI juit JU now U I It a that t our lIa how haw Jund lI H condi condl condition tion In thU country are ar and allol how ho ab ah abrl rl It U Ii t ii I to tr 1 u t 4 Life tato to a panli ant nd rut ah u a by Ity hoarding their iving ut tit trust pI r Ini 1 perfectly 11 banks 11 k Thre In 14 I no 1 of ot rink riak In III letting bu bust bul l lena f ena take ll It natural natu 1 I our and the ij L people fun all hIp help and Imd nd the tb tOU try b l lUk iu k Into tilt ac IC active tive circulation trul till th lb I h mon I y they Ih are hoarding Th The and nd trust cum com ies ure Then Th In Iii I mow more rurI Ur I nt ti In IQ the Ih country today there 4 wea a month ago when the th Ih warn waa n ne thet ii 0 In gold has haa h hW W n Imported and the thi tb government baa haa baaI I 1 4 t e 0 TheMe Them are IAre or flaIL tacta 1 I appeal to the Ibe public to t tc I cooperate c with o ua in Mi normal noret tn condition The government JOV will VIII III ace that the th people do not lIdI If It only thy the tb people will wUI let act la Ii a normal nomal 1 way ay n rou art are food and condition are J and w e mould put PUI the Iki t money muo we w hays have Into tato ell cit tIn at It om to 10 meet the tta needs of ot abounding Dt NO AN WITH M N 3 There la I no rio analogy kat ul wI all oH with the th thy they 1 way y thing were 1 In t M On 00 Nov w SO of t that thu year sear r there that waa WIS w In 10 the lbs treasury k bt t 1 in gold BOM On Ott Nov Kov 14 24 of ot Ibis UtI year veer there thre warn waa w in tn the lb treasury t k gold JOld Ten years year ag laP ago tho th th cir dr circulation Ir cutIon cu lon per r capita pit waa wa m It In Is I now flOW nn I aft The that th you now take lake 1 the ability of or the n government to I back bark them up u nd th lb OK jd ot t that not mt a particle Ucle of ot rl riNk k In i Involved Iii ived I lii I give f the I lb t ua ri p of f tin I Ii I iii u ol 1011 of lIt t our ui WI I I All tI linn out 1111 outI ule I I u t I 1 to 1 g II hult with their th nn HM III H in JO 1 iii t Ion mid C He II I b hil hI dim lInI ul il l e u I M Mu and i hi IIi l I ili III I I Iii Ii it l 1 u tr e ek ii 1 k L inan ilia ill ii Ii I i ii I i lit Ii 1 i I i I and It 11 1 i IM 11 I u i c it I h hI I try a fully warrant hla hi now acting your youra Ou Toon rC of letter of ot approval today the ike o waa 11 WI by b the tal of the theo treasury The rho available cull cask balance 1 ef of 0 the treasury amounting mounting to l WW t la I a with the 1 exception of a email u working balano now flOw on In national banks banka ban ia la every very stat aule and territory In Inthe inthe the Union Unton thus thua pl placing It where It rem can rv the th neds of the people ao au tar Car aa as possible Ible under law lawa The Th tary ot of tb the with the th approval ap tOval of Ut the president has haa an announced n an wi of Panama bonds bond to the extent of He II has haa ha also aleu lao with It It the Ih approval p of ot ortin tin the availed av led himself of certain provisions of the law applying to tb tho of ot the treasury In tim of f emergency Theae The are ant or coo con d in section 12 22 of ot the t ih h act IKI of JUSt June 11 U 1310 authorising the th tuan of In tere t b URcA of or Indebted I I SW to 10 Suit run ruh for one year ye f sr C run bearing boa tin 3 JM ir cent will ilI be la I 1 sued aued to I the sIlent extent If ne I of ot aloo lOO goow The Panama bonds bonda Ito will arrve a LI a aint au int Mure u of or molt mint relief frn fil f fn among n other thing the th law Iy provide Idee that they may ma be hi u M I a basis 1 for additional national bank baak baa cit cir circulation The me proceeds of lb tIN the eale III of 0 rl provided for under th the above 0 can be W almost tatul ul with Uta tb purchase upon ap approved approved p proved curll They can cn be I directly available at point where 1 the b blIed lIed U II I moat urgent and nd especially e for tor forthe forthe the th movement of ot the tI i ropa 11 which If properly will give Ite the greatest relief and result rull in tile the t moat meat t Immediate financial II return returns The lbs a or ortt Ilance tt 01 of by b the tary hll of the tI lb will be hi made with reference to te each euch Jt uw use u Hoth loth the bond bonda and d certificate are Ife re attractive M 5 sate 1 meriti m Theae maur will among amo other oth things thing enable ena the thi of the theto lb treasury to meet meal t public pul expenditure without withdrawing fur for that any uny amount or of public mon mom monno eya rc now no de deposited In to I national bank banka ban I throughout the lb country The Th treasury trul circular pro pr I for I Panama PInina bond r ida idaH d dIt H N f I o oI I nu sut ui Y It i of r f Li II cI II S Nov It II 1 HOT 1187 11 wiit u I r f if f toe the tb oft off ra I ih I Ii JV f the t bond bInd of Ih I Ii at null loan authorised by byi b br I n r I i I Iv II ml Old roved June Junc JUI M MIm t tn Im I n n I in Id liy hy Un I of Itt r ih hi I h nit o t nf t r et n ft I Both hoth acts act lI art Ut iUt 4 1 h li liThe The Th 11 o v il 1 lini h itei f t HI tIl the Is nil ru I of ot 1 I tiei tr i pei irl in 1 will ll be M dated 1 L 1 IMn IW IMI H iI 1 Hi II a Ill III N t P Il on t ih lh 1 h rii 11 i days daya nf of November May IllY tIA P nn l Tin The Th will a til 11 hi I l lii In of or 10 too 1 mul 1 SitI 1 t f coupon I hd and unit of if t ft 30 firm IW arid Ol nd 54 0 or Ar n re Th The ID In he lIP re ri reIn In I I rt t Id Oln enin Ht at atI I Ih lh I h ho 1 i ni i t r f UM t 1 Culled 1111 I Hintea after 10 In e ri firn fr ih date ilat of lIt I heir Iu isUe and II Ii It I 3 31 year 1 from front dm Ini IR Th 1 t III lie I m l fr frens tn all allt 11 t ie nr i nine f 1 tb Ih aa aall I wll ll it oe rII luv I In Iii RII other othel form In It h i I ti I il 1 t mate t It at muni i pit nl I or nr In lo local cal dl They Th will iII tie I it Ii to In nAU h as y fur for cit cir circulating Ir n te ux n the tb name earn terms term terman an as Ih 2 je i lit 01 1 i of t INn loan to tn wit nit ht The Ib b lax ax upon pon note not based the he Old bond bondi aa a ae sc eliCit un will he hi on of nt I L tier OI The Th will win he bf bI like 1111 all III i I h ml aa as UI Ity It lb for publIc dei lix II in national bunk banks WHAT LAW W i The b law Iw f ds their t 1 eRic wie lOll u It I Ics II than POt ar r an slid uMI provide 1014 that till nIt hall chali have havi ha lens ena f t the M United tal opportunity to there thre for fur forIn furIn In of or ih I h 11 iii 10 b ve an In announcement the th rt luHe It bids Maa for tile the tI bonda bunde hi irr u which must mut he It l 1 to I this de tH department it fin n or 1111 1 the th II ut I November lt I 1007 7 Kuhi did tate elIte ta the amount ur of n d by b the th lb r whether coupon i u r regis registered the price pile pI he hi h IK is I willing to pity p y and the tb place where r h he to I snake make whether at I the I h of h United 81 al or tit at t the thi t h of I one on of ot the thi lit at It New Tork York Ht fit t U ul San hun All 11 New Orleans or r bill bid hoId be to the tb sect re t tar r of fist treasury of f loans loan loann and n nd currency and nd the th envelope 1011 Inclosing ing In mg them he hi h plainly marked Rid Bide tot for Panama nama Canal anal bondy bonds bond and ii of nt the 15 Uplift Upen receipt hide bIds Invited the Ih MC successful ful bid bidder lets der will be br b of f the tit acceptance of fir 0 bonda and they will be tit In H ss HM to tn the th date tat t upon which payment nt IP Is I desired to tip t bo be made mad at t tn the Iho treasury department of lit r some nome up of the till urr of ot offering bidder In bl hide l the th receive ch chUK will wUl UI fering the tit highest pih Lites h allotment I of It f two twit 11 or moro more the UK offering the th same name price pT those bidder bill of ot muller amounts amount for tor th this bonds bond bo will receive priority In allotment the to 10 The Tb department reserves bidders bidder offering the permit price to 10 the lb amount mount of 0 their purchase the th For or Ih the sake ake ak of r f bond bonds w l 1 be bP dated AW Ati I 1 I 1 illS whit which of ot the Ih Panama la III I the t date canal bo bonds d but Inlet on the lb bonds of this issue wilt will begin beam NOV ov 1 1107 I end and nd bidder will be bP e required to pay acCrued Interest on honda from that date datI to 10 the date of tit it payment pay mInt the thu th The department alao alliG 1110 reserves right to reject any or all bid If It o deem deemed n ned United ed eel to be bf b to In the Interests ot of the tit State en o 0 to do doThe The Fhe bonds bond will be he h ready neuI for tor delivery er Y Yupon upon receipt of payment l h lye bidder fairing mint Information this thin circular contained In mation not hut no may address the secretary of or the Ih Dry ury of loans lonna and nd currency Washington D I C e the tant trial uterI ure at t Chicago 81 RI l New Orlean Or Orlean lean INn and nd ln an sn GORGE OJ ORO B H C LYOU U Secretary Sern OF INDEBTED NESI The treasury circular sOiLing for tor subscriptions to the 1 a par per percent cent cint certificate of reeds ae as follows follow Treasury Department Office o of the tM Secretary Washington Nov NOl It 1 1301 The h tuy of or the th treasury tuly oner offers to the public at t par and nd Inter pit eat t from Nov NOl 10 1307 1107 of ot th the certificate of indebtedness author ie lied I l b 32 S of ot the act att of or June Ju M II I IJ jug J The Th will be bI Issued 1 1 in de denomination nomination of IM iG 30 they th will be pay payable payable able ble to hearst bearer will be M dated daWd Nov No SO 26 1107 gui and will Mar Lea Interest at t the th rte rate of 3 1 per cent per 1 annum payable on or after ater Nov Nor 0 I IMS 1101 on presentation of the for tor redemption redro I t Ion at the theoffice office oice 0 vi ut the of ot the th treasury of or loon loan I and currency t BB l will be received Ived by the secretary of ot u lii treasury through the I he het treasurer t of ot the tit tb and the tant tre ir r located at New NewYork NewYork York 0 Philadelphia Chicago Pt lit tx tAUS Cincinnati New Nw Orlean Of and San on Nov Kov w l Is 11 and ull continuing at the thIs dl of or the secretary of the lbs 1 In order ord that the certificate may maybe maybe maybe be properly distributed throughout the MUnt will be allotted by bythe b the lbs secretary in hi hll discretion upon of offer off fer f ft nf of t d to him hi hind and nd the UIa retraining will b be allotted through the treasure authorized to receive 1 at al atthe alth atthe the th following points point IRIS Han o New Nw Gilani at It t U buts ul Cincinnati a Baltimore and New N York and d through the th treasurer of at the United State at al Back ck subscriber to tn whom certificate have been beau allotted pay pas In at al the nearest tile the Ih point of ot sub aub on OR or before Dee Dec 1 I 1110 the tacO face fa value of ot the amount of cert in ten named in the allotment together with accrued Interest at et the th rate rat of ot S 3 3 per percent I vent cent per anum from flom Nov 20 lu 1111 to tn t I date data of t payment pay mint Allotment will b be made mid aa as a rapidly aa Is possible and for fO uch Uh a at are art mad made Immediately the th a It cre re tUy tary of if the th treasury tur In is I prePared Ird to t I de do deliver 01 doliver liver temporary It receipt hearing bearing Inter e pit t 1 from Nov M II W tu pending the de the d dU lively U of the lb MM 60 60 engraved B AUThORITY Poll tok ACTION ecy Cortelyou CorlOU rind linda authorisation for Lb tM halite lamie of Panama bonds bond In see ec 1 lion I of the tb act approved June Jutie in JA and acl section 1 I of fit th the act ct 1 approved pru Dec Dor II nOli aa a follows follow Suction Ii of th the tel act approved ed June Jun Junn It U M That the iii e it tH r of Ih IbI treasury tury In Is hereby authorised to her bor borrow herrow row on the Ut lb credit of ot the United Untied tate tat J from Us UI to lime tIe aa a the proceed may maybe ma mabe maybe be required to defray df expenditure au aim authorised bottled by b this art act t such alien when w received to t tt be b used only for to 01 thu th of 1 In auch cuth th the auni lIum of |
