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fa &&• If©iiorabio Jolm Soerotary of tiio ir#n#iary f fromamry Domr Mr* Seorottfyt In rospo&av t o Mr* iartolt* m request, 1 a» transa&ttl&g to y w ta* ettrre&t view* •# t o * £jE*eutiv* Coast t i e * #f th« 10 Jt^r mtlrtMMtt i s tmll of tk# sNurok 15 « ^ * l»»u« of 1»9 mitoai< flam Cb'j»^tt## s«w MB*l4te«W i t 4#sii**%l# as -mmll t «t !«&«% i MlliflU of t]w Mar®li 1 o«rtlfl«*t« !«•»•• sldombly lower ais4 amoolftt highor tlum te*^. &«•»» oxpootod* Soeauso of t h i s as*^ tho retlr«afi«fit of ©sly 1 b i l l i o n 4»ll*r#- of February I @»rtift^«.t#tt i t i s MM o«tl«at«d thmt %1^» baX«Ke« at the m& of Foidrvary vrilX b« at 5»3 b i t l i o a If o»«h p&ps»st* i s liarali worn limited to tfe# K«re% I f s e t o of 1«9 b i l l i o n , tho Troamury bala»e# at ttem om# of • t i l l bo elottt t o 5 bllUoa^i not oouatisf 8^> sIllioR 4ollar» of fro* jsold doriirod from ilonotary $umd tru»«&eti#s#« With t o t a l o«ah payMonta on Marefe B»turiti«* of 2*9 b i l l las» isoludiBg 1 llt>» dollar* of larofe 1 ©#rtlfi®mt«a# i t i« oatiaaiwl Troatitry balanov at tbo «nd of isaroh w i l l bo mp^r^xii^loly 5*8 b i l l i o c , oxoludlBf S00 sail Ho. doil&r* af froo g#li« !Ms » i l l bo fully a4o^«to to moot rocguiroaasta for tho last. «isart«r of tho flaoal |NNHP« Xf aetttal «xp#»4ii^r«ts for tho Msosd yoar «* a wbolo f a l l ahort of tho r«irit#i bttdj^t oatia»t« #f Ii2«f b i l l i o n , aa appoar* liiroly, amm furthor dabt r«tire»«nt wMf well bo f$*$lblo in tfet Honor**!* John t« S»jhter • 9 * February 7* , tho with tfeo P«d»ml ^ i t r n §*&&• will bo t*oll<*ix %j fc#a*y tttx r#c«iptt« Am®r4tVi%l¥$ I t will b« po»«ifel« to p*y f«ff th« ^«r#h 1 retir«8g*st out of th««« b*l*»e#t, thereby prof 141ag us offtst to the pr«9*41ng 1*«* of r«i*rr« fwad« froa twn p«y»«ctt. Al#ot I t will o# fo««lbl# to flmnBO* a tub»ttifttl«il pmrt or *iH»ut 1 of tfeo lC«r«h 15 r«tir»a«iit out @f tho f r « * # y fh« C-osmittoo r«eosas<md» th*t %hm at thiir l i M ®f %k« 600 i«llllo» dollar gold obtalntd fro» t«tl^r. # th# off **t lo««#» of r$«*?r*« *1x»« to t u pay* # I tA l l yowrt, V«d«rml Opott l*rk«t C
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