Show J Idle Fears WASHINGTON March 1 In conversation with an Associated Press reporter as to the possibility of a financial panic resulting from the accumulation of a surplus in the Treasury after all the payable bonds are called Treasurer Jordan said he saw nothing noth-ing in the present situation which was at all I likely to cause a panic There was nothing in the situation to excite such fears Should a panio occur however Jordan said the Government had full power to go into the market and buy bonds in order to relievo the financial strain Although he could not of course speak for the Administration of which he would soon cease to be a member ho had no reason to suppose this resource would not be applied as it had been with success on other occasions The only trouble he apprehended was the pressure for small currency ana this pressure was being felt even now and in his oninion would continue until bout the 10th of April The Government was meeting this demand as fast as possible but could never supply it as fully as desired At this season of the year there was always a demand for smal currency and the Treasury was unable un-able to issue silver certificates as fast as called for This was owing to no want of provisions on the part of the Treasury Department De-partment but to the failure of the Deficiency bill which appropriated money for the issue of silver certificates The Department had ample facilities but not sufficient money for the purpose There was no reason for alarm however it was simply the spring demand de-mand for small currency and there were about 47000000 of five dollar and ten dollar dol-lar gold coins in the New York Sub Treasury alone and about 1000000 more small money available with which to meet any such emergency The Department would supply silver certificates as far as possible pos-sible and any additional demand would simply entail on the banks the difference in cash between the transportation of silver certificates and other currency |