New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-02-17
mn ISSUE BONDS If HE MUST.
,prs1nFNT LEAVES 1T TO SECRETARY
FOSTERS DISCRETION.
,,rrER WILL NOT PERMIT THE RESERVE
- RE IXTRENCHED UPoN-MR. CAR
usLE's POSITION not REVEALED.
fpy TELEGRAPH TO THE TRIBUNE


GRy TELEGRAPH TO THE TRIBUNE
,rosbin.ton Feb -. 1t is learned upon au-
,.,i.y not 10 be questioned that the Pres '"nt,
-s.,e leaving WASHINGTON yesterday for BcnjeS,
,o left Secretary Poster with instructions to
nv. hi. own discretion in the matter OF Issuing
1s In othcr words. the lrosllcnt, who. up
yesterday was firmly resolved not to permit
,.sue ' Of bonds while he remained in Office,
-. changed hi, mind and reached the conciu-
>" .hs. shosld il become evident that the
'VI ".r between the gold dollar and silver dollar
P,,, longer be maintained, it Will be better
.s0rt 70 an Issue of bonds than TO permit the
",t0aOu 600 reserve 10 bc attacked.
ns sudden change OF mind on the part of the
o''asrt was wholly unexpected, and Is not to
;. attributed 10 any oItside influence brought to
~. unon him. ON the contrary, such men as
p;a,nont Morgan, who came 10 Washington
...ardav 10 tank over once more the situation
,s,b the authorities, left Secretary Foster de
.,In1,v disappointed They received no en-
0',a', ''ra'or.nt whatever They left Washington
~ ,Le, had come, uncertain as TO the attitude of
.to Corernn eut with regard to this important
question 49,
The charge Of front determined upon by IN"
p.nsiaent leaves Secretary Foster free 10 act A.
- aoos 6t should an emergency arise in the Prc>i-
=. ohse,ce That such an emergency has vet
".i.on bo does not believe The Treasury to-day
r.s .,;n on hand about IS 00C,OO0 Next Satur-
s",. sbinn,orts of gold 10 Europe will probably
-. ha 81 large as il was feared they would be.
:, os novv seems likely instead of being S6,oOo,-
.a. ,bor are only about One-third of that sum,
'. ,ho end of the week the Treasury will still
Io,.o IN its vaults a little over S6,00O,0oO. on'
,hiro Secretary Foster is fully determined on
No will not permit the Sl00,0OO,OOo reserve 10
ho attacked On this point be Is oil the sauio
oniniOn which he expressed at the annual dinner
- ~. Now-York Chamber of Commerce III NO
vember last. ,.os 90 con.tor Carlisle
49,. a. soon a. ne tCarli>lc became secretary ol
,bs Treasury bonds would be issued ana an ~ ~cA,'a
as ss;or Of Congress called TO repeal tie Shcril'
Silver law Secretary Foster sald, wds iloI .
IN his presence, and he did not thlnK MI N''-
Ise cntertainei such an idea r.on
%Vr Carlisle and l." said Secretary foHtcr
.bsd talk on financial matters TINS liluriiIi7 -
Ne bave had such talks nearly every u'H III IL
Mr. Carlisle was selected ior ,,.n,.Iiv dis
cnsa finances Nh Carlisle l. aciuail''-I Iiliii- i
sslf with Treasury methods. 50 thdt Wn'n iI'
assumes Office he will not ~ a S,r"mSb tn tbe roatne
etV'S " ,art or "a the personnel of tie several
bureaus. 4. d,. ,,bat an
Mn tbat One of my first official steps Will p'
issue issue bonds, and this will be followed by ptfhi ,hon
session Of Congress. The Sherman act VIII 'h'n
He rrenged Il have had no interview on th'
.ub;ect, and have made no such statement to any
bodT desire to say further that ] have not an
nounced TO any one what thonght the P3ilcN H'
the incoming Administration would ne on 'nle % oI"
HS ;ae, and do not intend to do 50. All statements
in tie newspapers or elsewhere attribu'ins inter
views 10 me are untrue?