Waterbury evening Democrat., 1893-02-20
HAS NOT ISSUED BONDS
Foster Says the Emergency is
 Not Great Enough.
NONE HAVE BEEN SOLD IN EUROPE

He EmphaticalIy Denies the Stories that
 Have Been Circulated in Financial Cir
 cles- Treasury Now in Coed substantial
 Condition.
 WASHINGTON, Feb. 20-The attention of Secretary of the Treasury Foster was called last evening to the report that ar engagements had been made with New York bankers for the sale of SG].OlJ. JJO worth of United States bou>is iu Elglaud The Secretary deuiel the truth of the rt- port, at least to the extent of spyin-s that he had no information whatever on the subject. If any sucn arrangement had be made, he said, he was not aware of the fact.
 'Iou may say emphatically," he added, "thuU l know nothing whatever about the matter.'
 The Secretary is inclined to think that certain Americ III capitalists, having sent large quantities of gold out of the coun- try through foreign Wall street bankers
 .re cndravoring to avoid just criticism ot their actions by having the ccnsurs fall upon the heads of those who uc. rd ;ls the agents.
 These bankers have become impatient
 u being made scaPcsonts of, aud have
 ceased, in Il measure, their shipments ut
 ,o,d,
 This policy, the Secretary thinks, will Or continued, and as d result tArru will oc much less gold sent oIt of the couutry hereafter.
 The Secretary saiI that the Ire asury
 s in much better shape now than iC has been.
 There are $S, O0U O0O on hand, in alli- tiuu to the $lUO UOO, ,OOO AoIu reserve fund, with no prospect ot all unusual re- lurtiou Ht present. uut rather of Il sub sLInl lul increase.
 In answer to direct question d. to whether he had issued any bonds, thc S,ctrtnry said:
 No, have not, wuUll not take such | | sep unl, ss il Was a case of urv '>~Ity, Ti.icI ,lu, sn't exist. 1 hHvr u ri ,ut tu
 j>,ur noads under the existing law, and wrud uot hesitate to do my duty in clse | ,l au emergency. Brfure issuing bonds | 1 would feel obliged to consult my suc l ,ys~Or, for nave hHt two weeks to rr
 main ,n office, anL would no. tI"r to du | tuyi uilS in that dIrcctIol WI,A1uJ first | consulting him."
 ''lIuw does the adoption of the Sher
 man bond amendment iu the Senate affect | the financial situntIon?' 'lt provides that bonds may be Sold {, | protect the gold reserve fund. Some ot l my prrdrrrs >ors established d system hl | which the god reserve fund is tu b. krp, l up to a certain point. Under the Snrr man amendment, if there is Il prospect | of the reserve fund failing below tn, | point fixed by the existing practice, ma! | sell bonds to keep the fund intact. Wnh out the sherman amcudmenL l am per | mittrd to sell bonds, but l cannot drmunl l that th,y shall be paid for ill Eoll, UuIe
 the existing law they may be paid for il coin or coin certificates" l The Secretary concluded by saying tha | even if he desired to issue new bonds h. | would hardly have timo to prepare then | ut the Bureau of Engraving and Printing | before the close of the present. Admins tion.
 | ALBANY, Feb. colt is stated on tn
 very best authority that DreXel, Morgan | & Co. have offered S25, 900, 900 of Unitet | States bonds to bankers in London. Thi l is regarded ls establishing the decision O
 tho Secretary of the Treasury to issu l bonds. Whether the offer was a bon l tide one to deliver bonds or was mad
 simply to test the London market Is un | known. It is regarded, however, as indi | eating a policy of accommodating gold fo
 the treasury in foreign rather than do l nestle markets.