OCR Text |
Show UNITED SLATES TO ISSUE BONDS Finances for Government in Case of Emergency to Be Provided. WASHINGTON, March 28 -Plans for the issuance of one year certificates certifi-cates to provide finances temporarily for the government probably will be announced by the treasury department within the next forty-eight hours Secretary McAdoo has had under consideration for the past several days details of the issuance of sufficient certificates to tide over the govern mi nt until collection of the income tux in June. Under the law he is authorised author-ised to Issue one year certificates up to $300,000,000, at a rate of interest not exceeding 3 per cent. The balance in the general fund of the treasury stood today at approximately approxi-mately $58,000,000, but will be reduced 125,000,000 Saturday, when the war rant for the payment for the Danish West Indies is issued. This will so deplete the fund as to make temporary financing an almost immediate necessity |