Deseret Evening News | 1904-02-04 | Page 3 | Secy. Shaw Calls on National Banks

f W CALLS CALLSON LL LLO O ON NATIONAL TI t BANKS Requests Them to Make I kc limned ate Preparations P for Payment ll Of 01 20 o Per Cent ou on 01 Demand OFFERS TO BUY SECURITIES Call Occasioned l 1 by y Tact Pad That find Govern GOr lent Will Wil Have Hilr to Put Pitt Up oooo 00 on la Canal Fob Feb F b 4 Secy to 10 today today day da tent neat the Iho letter to 10 nil all al nn tin bank depositories s holding special government deposits regarding riling tio to calls for or funds on account I of ot the Panama canal cammal purchases Sirs Sir It I seems reems probable that at the time government will iii 1 be called upon In 11 the Iho near future to pay nry ary Ir to 10 tIme the construction of oC an Inter oceanic count canal In addition to this thil there thero are outstanding outs landing approximately OOOO bonds which by br y their terms mature on Pcb Feb I 1 JOI and Congress Is considering n a proposition to 10 loan be he b n OO OOOO to 10 the timo Purchase exposition expo To meet times these probable demands It will stihi be bence necessary nce to withdraw at 01 least 0 front from depository depositor banks ion YOI arc therefore requested r to t make Immediate preparations for time thu pay macat on 01 demand of ot 20 per ier I r cent rent at nt New 1011 In ln time Ihl near future Cu 1111 possibly within 10 hays days If s you 01 will trIll 11 ho bo asked to te this amount transfer to 10 Home one lImo of oC the tho New Ne York depository depositor banks to bo ho used Uell In settlement for tor or the canal right of 0 tays wn If I you 01 desire delre to sell Iel nt at iL once n R por lIon tion ton of oC the time securities now IO held heIr by b for the Iho government Ho against your our deposit you will trIll wil so PO Inform this onie 1111 01 meats will 1 Iii be he made mudo for fop the time Immediate transfer so fO as n to avoid actual with front from rm channels of or trade wih the hc ho department will surrender no wi tr united States Staten bonds held us I security for with any nn bank until such bank balk lias ha withdrawn m sill nil 11 state IntI and amI municipal I londs now nw held is as lS smirk Itch security and l securities or of time tho District of ot Columbia Philippine PhIlppine Islands Inlands and Hawaii will ha ho retained If I desired 1 acknowledge receipt nl I r 14 M StrAw tIA W Secretary AMOUNT m Qt m New Nets York Feb oy Shaws cult call for a 20 per pr cent payment of oC the Patia ma limit mi money mone will viii wi take p a I little III tc more macro titan limn in from coin the depository banks of ot this city el