The sun., 1891-06-04
BUSINESS FOR MR.. FOSTER.
FIRST THE f-2S AND THEIR EfTEN-
SION At Low INTEREST,"

FIRST THE f-2S AND THEIR EfTEN-
SION At Low INTEREST
Next Immigration Matters and Appraiser
Cooper Finally Gold shipments-Pro-
posed Combine TO Discourage Them.
Secretary Foster arrived in town at dusk laat
evening and put up at the Fifth Avenue Hotel.
he has been expected for q week or moro.
With him was his private stenorrapher, and
the indications are that he proposes to do
some investigating on his own account. Sena-
tor Calvin s. Brice was at the hotel to welcome
him and to dine with him. Col. Brice. although
Chairman OF the National Democratic Com
mittee. does not lot politics interfere with his
old business relations with Secretary Foster.
Tho two mon have been friends from boyhood
in Ohio and are Jointly interested In railroad
and other financial ventures. After dinner the
Secretary had . confab with Senator Hiscock
and ex-senator Platt. and later on he met
Postmaster Van Cott. Bernard Bielip, Murat
Halstead. and George W. Childs. who came
over from Philadelphia to meet his people on
tho City OF New York.
Secretary Foster will have busy day from
the rising Of this morning's sun. The pro-
gramme mapped out for him is visit to the
Sub b-Treasury In Wall street Just before noon
for informal conferences with the banking
PEOPLE and others Some misunderstanding
has come up about the redemption Of tho Az
per cent. bonds For several weeks 1t has
been understood that tho Secretary favored
plan BY which the s2s.Oo00OO Of these bonds
held by the hanks to secure deposits were
10 be extended from Sept. at two
rer cent. interest 1t was stated last
night that the Secretary himself has never in
dicated the figures at which those bonds would
be extended. II any misunderstanding has
occurred. il WAS said. the bankers themselves
are at fault They have certainly believed all
eS Yesterday dt at the secrearys ocial annoancs.
esa.d tSs sass pss
,erest They @ were not only amazed but they
hs sbsa Of no Ws
the CHbinet, meeting called to discuss this mat
ter oq Mn.daS t sone we're even frank enough
plan q @ hs S9Sds hsd 6y
saa saeisn S,aSas noGfs ssR ss
$s$ q sss 81 ~: 49, IL:
s5ss an fsl.s%s esss ss
sss s an ans sa Sse
second ia to pun chase four per cent bonds bu!
s$s$ s$sS % y ss:s e
thsT & nnd e rssys !hs q
that they had been misled in the matter. aud
others criticised the Administr alton sharply.
and thonght that "a low down game had been
In the afternoon the secretary''s programme.
sarss ose an o
stated: yiii take " ths , situation 4 ~ AZ;
all times by his steuogrupher. He is here to
Investigate especially the Charges OF inefficient
The @ special Treasury agents reeorss have rs.
fected on the Appraisers administrative sbil-
Apa Mr. Bliss Th
nsss h M hsv
ss's W side: Tho cnambsr q commerce; through
az sSss t tsssas @
'ssr Mss aso Ss
teI.'s attention would be called to the coptinped
gold shipments. Tie cable news from London
Ensiand had Joined with the bank OF England
in making the min nimum rate OF interests. per
some II The gold 10 AmeI iea which Ias been
shipped In the last lew months. with the en-;
this tsys ss 'hs ee .nry
Of this situation. which B. was discussed BY mem @
sell Sage. and other large lenders Of money.
Mr.. Clews points out that the shipment Of
American gold has increased the Bank OF
Enelands reserve, from 80 to Al per cent
He says that the receRpt Rs,, rates p, OF in;
have boon artificial. aud the result Of q con-
spiraoy to keep onr gold abroad to the detri-
nlent ot The American neopls. He A further r
On London for s5.0OO0W OF gold. The Bank
OF England he sa, 8. at tho time had plenty Of
they turned over to us soyereigns. and abraded
ones at that. The ub-Treasury in New York.
his proclaim alton continues would now be per-
fectly iustified after that treatment in refusing
to deliyerfor export purposes any m ore gold IN
upon putting in ali the abraded coin. This
proclamation provoked 2 discussion OF the
advisabiIity Of q "combine" OF hanks and
oi interest was to be- established in New York
high enough to prevent further, gold ship
ments. Whether the Secretary will consent TO
turning over 10 tho foreign shippers our
abraded IS coins is another question.