Inter-Mountain Farmer | 1902-03-18 | Page 4 | Local News

Rocrelnr) Shaw has stopped tho purchase pur-chase of bonds for tho sinking fund as he llnrts this tuns up the price This has two bad effects. It causes the Treasury to pay more than It should nnd It makes It profitable for the National banks to sell their bonds and call In their circulation thus with drawing currency from business Lvltentl) therefore the purchase of bonds has been pushed as frr us It can b The question then recurs What will the Secretary do with the surplus' The deposit of it with the banks favoring those which both keep their bonds and retain their eur ren.) Issue, will work to keep up the price of bonds, and will also be tn sufficient He Is troubled with an embarrassment em-barrassment of riches Now Is the time to push the irrigation bill so thit the most profitable polbte use could be made of the public mono in enriching the public domain.