The advocate and Topeka tribune., 1893-05-03

/ spent a good share Of the forenoon
endesvoring to make out just what his
intentions were, and l was pleased to
discover that I was not the only be-
wildered student Of that document. The
New York World interpreted it to mean
that Mr.. Carlisle would pay the treasury
notes in silver, while the New York Sun
gathered just the reverse information.
The New York Times declared that the
statement "6id not say anything" Mr..
Carlisle will earn the title of Artful
Dodger if he sends out other like state
meats without q KEY.
Shortly before J. Pierpont Morgan, the
New York banker, sailed for Europe, he
visited Washington and was in consulta'
tion with Mr.. Carlisle. 1t was whis-
pered about at that time that Mr.. Nor
gsn's errsnd was to secure the promise
Of a bond issue which he would dispose
Of on his trip abroad. The rumor was
fatty denied, but it was probably cor
rect.
The public sentiment which is being
systematically worked up in favor Of an
issue of bonds, is shown by the following
quotations:
New York Press: "If the emergency should
ever arise when this government needs a
few millions, or even few hundred mil
lions of European gold, it has only to reach
out IFS bonds with one hand and to receive
the gold in the other"
Philadelphia Record: "Should a loan be-
come necessary it might be expedient to put
it on the money markets of Europe, whittier
the gold of this country is now flowing"
New York World: "We are losing gold
to Europe at the rate of million or SO a
week. But should the necessity arise we
can at any time turn the current the reverse
way by inserting the siphOn of a bond issue
into the European market"
President Van Norden, of the Bank Of
North America, says: 1.-THE only way the
government can maintain it's $10O0O00OC
reserve is by the sale of bonds. It's bonds
could be sold with the greatest facility.
They should be sold abroad, In England
they would be taken eagerly"
President Williams, of the Chemical Ma
tional bank of-New York, says: ~ think
the government will endeavor to the best of
it's ability to restore any impairment of the
reserve. Bonds would be rapidly foated."
"That the government has some sort of
intentions regarding bond ISSUE" says the
New York Sun, sis indicated in published
interviews with Secretary Carlisle. It may
be added that small issue of bonds, should
one be decided upon, would not meet the
views Of the bankers who have offered to
CO. operate with the government in placing
them to the best advantage, both here and
abroad. Their idea is that the issue should
be large enough to build up gold reserve
that would preclude future revival Of sp-
prehension regarding the condition Of the
treasury should the present silver law con-
tinue in force for some time to come.
While these plans, concerning which the
public has heretofore known nothing def
nitely, remain in sbeysnOe, Wall street and
a few hysteriosl writer's upon financial mat
tsrs continue to dwell upon an impending
crisis and the difficulties Of the treasury "
There never was q more stupendous
fraud than the present juggling effort to
make the people believe that the busi-
ness inGerest OF the country demands or
would be benefited by the bond issue.
AS Senator Stewart said yesterday: