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Show CDHTELYDU PLANS FURTHER RELIEF Plans Adopted for Relief of the Financial Situation is Outcome of White House Conference Secretary of Treasury Will at Once Issue Fifty Million ' Dollars of Panama Bonds and One Hundred Hun-dred Millions of Certificates of Indebtedness. Washington, Secretary Cortclyou has mado thu important announcement announce-ment that as a means of nfforillng relief re-lief to tho financial tdtuntlon tho treasury would Issue ?50,000,000 ot Panama bonds and 1100,000,000 cortl., flcntes ot Indebtedness, or ho much thereof ns may bo necessary. Tho certificates cer-tificates will run for ono year and will bear .1 per cent Interest. Tho secretary's action In coming to tho relief ot tho flnnnclnl situation meets with President Hobsovelt's hearty approval, and tho plan Is tho outcome of tho several 'White- Houso conferences which have been held within tho pnst fow days when the financial situation was under consideration. consid-eration. Secretary Cortclyou says that tho Punamn bonds will afford substantial 4rcllef ns tho law provides that thoy may. bo used ns a basis for additional national bank circulation. Ho nlso stntes thnt tiro proceeds from ,tho salo of certificates can bo mndo directly di-rectly nvnllablo ot points whero tho need Is mast, urgent, and especially for tho movement of crops, which ho says, "If properly accelerated will glvo tho greatest relief nnd result In tho most Immediate financial returns." re-turns." Sccrotnry Cortclyou ndds that these relief measures will cunblo him to meet public expenditures .without withdrawing for thnt purpose any np-preclablo np-preclablo amount of tho public moneys mon-eys now deposited In natlonnl banks throughout tho country. |