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Show BOND ISSUE IS NOT REGARDED AS IMMINENT Washington. March 6. What views tho incoming secretary of the treasury may have as to the necessity for another an-other bond i6sue are not-known, but oiu omciais wnose judgment is renea upon, do not regard a bond Issue at all Imminent. At this time, the treasury treas-ury has a working balance of $66,-000,000, $66,-000,000, and with customs receipts showing a considerable increase over a year ago, it is not anticipated that Secretary MacVoagh will favor an issue is-sue of bonds before mid-summer. Under Un-der an act passed during the Spanish war, the secretary' is given authority to Issuo treasury one-year certificates up to $100,000,000. The department can avail itself of this' authority, or it may issue Panama Canal bonds bearing bear-ing 2 per cent as against 3 per cent carried by the treasury certificates. The original act, providing for the construction of the canal authorized the issue of $130,000,000 in construction construc-tion bonds and this authority has lecn already availed of to the extent ex-tent of about $70,500,000 which would leave the secretary with authority to iisue, at any time in his discretion, bonds of this class amounting to $51.-500.000, $51.-500.000, or any part of it. So far as known here, Mr. MacVeagh has not expressed himself as to which ot these issues would best serve the public pub-lic needs. But the old treasury otlt-tials otlt-tials who are confidently counting on a prompt restoration of good business conditions after the first of the nexv fiscal year aro disposed to believe that the treasury certificates would serve a better purpose than the issue of canal ca-nal bonds. |