Show the correnty Curren Cur renty rj Con condratt on may alay 2 Seere secretary tary windom in reply to an article in a financial newspaper refutes the assertion that the administration administration favors contraction of the currency he fie compares the circulation and treasury holdings of this nation with european Karop faa countries the ilia present population ol 01 the united states at the amount of 0 metallic and paper money in the united not including any portion of the amount held by the treasury is 22 30 per capita or more than in any of the leading lea ling countries of 0 barome with the exception of france the only reserve kept by the U 8 treasury aside from the und fund deposited by national banks for or redemption of notes and balances on deoc by disbursing officers ficera of Is I 1 in I 1 I 1 il 1 u 1 gold old for the redemption of legal tender notes the bo so called surplus can be used under the P present r besent law only in the redemption of the bonded debt of the united Sta which la Is being done aa as rapidly as the bonds can be judiciously put purchased chased it is the policy and purpose of the cepa department to withdraw a large portion porton of athe the present deposit dep sit and invest in vest it in united states bonds |