Ogden Daily Standard | 1903-09-23 | Page 1 | State and Municipal Bonds to be Accepted as Security

STATE AND MUNICIPAL BONDS TO BE ACCEPTED AS SECURITY Washington Sept 23 secretary shaw authorizes the statement that owing to tho scarcity of two per cent bonds both for circulation and as security for government deposits ho will renew refunding operations to the extent of in accordance with the previous circular of the total issue of of two per cent bonds the treasury already holda for circulation and for deposits secretary shaw also authorizes the statement that he will redeem the ave per cent bonds maturing february 1 1904 paying intermit to maturity formal instructions to the several cub treasuries authorizing them to redeem on presentation will be today Theli anks that have had on file with tho treasurer for thirty days or more five per cent bondi as county for public deposits will be permitted to substitute state and 1 approved j bonda which will be accepted at 75 per cent of their value