Rensselaer Semi-Weekly Republican, Volume 19, Number 68, Rensselaer, Jasper County, 3 May 1898 — THE NEW BONDS. [ARTICLE]

THE NEW BONDS.

Banks of the Country Prepare to Subscribe Heavily to tbe Expected liiNsue of Three Per Ceuta. Washington, April 30.—The banks of the United States, especially in the west, are said at the treasury department to be preparing to subscribe largely to the expected issue of government three per cent, bonds, and Charles G. Dawes, comptroller of the currency, is daily receiving from all | parts of the country requests from banks for the immediate printing of national bank currency in order that, after the bonds are purchased by them, there may be no delay in the issuance of the currency. As from 25 to 30 days’ delay is ordinarily required for the preparation of currency after the pur- ! chase of bonds and notification to the government by banks of their currency requirements the comptroller, for the purpose of encouraging subscriptions to the new issue of government bonds, announces that currency will now' be prepared for banks notifying him of an intention to subscribe to any new issue of bonds which may be made by the government. Under this arrangement the currency will be issued by the government without-delay upon the receipt from the banks of the new issue of government bonds as security. Eight prominent national banks already have made a tender of their services in placing the new loan without compensation.