1. The Week.
- Subjects
UNITED States appropriations & expenditures ,BONDS (Finance) ,INCUMBENCY (Public officers) ,PUBLIC spending - Abstract
The article discusses several issues related to finance in the United States. The Secretary of the Treasury, William Windom broke the monotony of the recent calls of bond purchases by accepting a round amount of 4 percents, for which he paid 129. For a long time past, the Department seems to have tabooed the 4 percents, confining its purchases to the 4 and half, and paying 108 for that issue. At the beginning of April, there are but $155,000,000 of the 4 and half outstanding, against $681,000,000 of the fours, so that the area of purchase is very largely increased by the addition of the latter class. With regard to the bond purchases, it must be remembered that the 4 percents fall within the control of the Treasury in the autumn of 1891, and Windom will doubtless be inclined to repeat with this issue the success, which he had in his former incumbency of his present office.
- Published
- 1889