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Show I MORE MONEY TO BE CI RCULATED Secretary McAdoo of the treasury department is outwitting the men on Wall Street who have been creating a feeling of uncertainty in financial circles by talking panic and squeezing squeez-ing the public by making money tight New York is the financial center of the United States. Every small banker bank-er in the country looks to his N a York correspondent to keep him Informed In-formed on the business outlook and the smaller banks of that city get their inspiration in-spiration from the larger banks, so that when the big Interests of Now York are on the bear 6lde of the market mar-ket and desire a period of distrust, they simply send out a letter written in indigo and immediately the whole country has the blues Now and then theso scares are started in order to Influence national legislation and discipline the American Amer-ican people; sometimes as a warning warn-ing to tho administration that it would be well to steer clear of breakers. Now Secretary McAdoo knows the ways of Wall Street and he has started start-ed out to play the resources of the government against the machinations of the money lords His first move was to notify the New York bankers bank-ers that, if necessary, emergency currency cur-rency to the amount of $50n,no0.000 was ready to be issued. That declara' tlon so startled the bears that they were temporarily routed. To set at rest any doubt as to his determination determina-tion to do exactly as he said he would, Mr. McAdoo yesterday notiiied the banks that f2S.000.000 to $.10,000,000 of government money Is to be distributed distri-buted without delay to bank3 capable of furnishing securities that Include even commercial paper, state and mu-: mu-: nlclpal bonds the funds to be supplied I at the low rate of 2 per cent, and to restore to par the government 2 peri cent bonds, which lately have been depressed, de-pressed, the secretary offers to accept ac-cept them on deposits up to 75 per cent of their face value. Theee retaliatory moves on the part of Secretary McAdoo should put an end to the conspiracy to bring on a period of depression |