The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1894-01-17
BLAND OPPOSED TO 1T
Hb Sentiments on Cirlisle'S Proposed
Issue Of Bonds,
BONDS INSTEAD OF SILVER
That Is the Proposition rs Bland
Views lt-Aotion of the Senate
Finanoo Committee on
the Bond Issue.
BONDS INSTEAD OF SILVER

WASHINGTON. Jan. l6.-Bland says that
Carlisle's letter urging the immediate is
sue of bonds is very sharply against the
pending Bland bill to coin the seignorage.
ut is plain proposition to run this gov
ernment on bonds" said he, "and in my
locality IL would damn any administra-
tion for all time to come il executed. | do
not think the secretary has power TO issue
bonds under the present law
Bailey's resolution yesterday TO restrict
the secretary's power on the issue OF
bonds has gone to the judiciary commit
tee. II is understood a resolution which
is antagonistic to the bond issue will be
reported iayoraby.
A meeting of the senate finance COM
mIltec was held this afternoon for the
purpose OF considering Secretary Carlisle's
letter and bond bill. After the conclusion
of the meeting, Voorhees,, rs chairman OF
the committee, handed tho associated
press reporter the statement given below.
In making II he said he did not assume to
represent the views Of the entire commit
Tee. and yet he knew no opposition in the
committee to the opinions expressed. He
submitted the statement to the full COM
mittce before giving II to the public. II is
a follows:
"The embarrassed condition OF the
treasury and the necessity for prompt ac-
tion for its relief is fully realized. There
is not the slightest ground. however, for
apprehension that the public credit
will suffer or be endangered for the reason
that ample authority already exists by law
for the secretary of the treasury to
strengthen the coin reserve to any extent
required and 10 meet every demand that
can be legitimate. The powers of the sec
retary to issue bonds needs nothing be-
yond what is given by the act of dan. Ia,
1875. The only desirable object to be al-
tained by new legislation al this time is 10
make a shorter time bond with a lower
rate of interest, yet the secretary feels as
sured that he can negotiate the bonds is
sued under the act of 1875, running only 10
years, on practically a 3per cent. basis.
Ii seems therefore that il will be wiser,
safer and better for the financial and bus.
mess interests of the country to rely upon
the existing law with which to meet the
present emergency rather than to en-
counter the delays and uncertainties al
ways incident TO protracted discussion
AZ Va NohetSsss a hio we - Ne
the condition of the treasury admits little I,
If any, delay aud no uncertainty at
all in the final action to be taken. II
would be triiliug with a very grave affair
10 pretend that new legislation concerning
the issue Of bonds can bc accomplished at
this time and in the midst OF the present
elements and parties in public life with
elaborate. extensive ard practically in
definite debate. IL Is also obvious TO
every one that the consideration and dis
cussion now gong on will render any
financial legislation al this time far more
difficult and complicated than il might be
under another and different circumstance.
1t is proper to say that the senate finance
committee for several weeks past has had
the subject under almost constant consid-
Grafton and the bill submitted by Carlisle
has been examined and discussed with
the greatest care. The interest of the
committee will by no means be abated
from this time forward. The fact that
much remains to be done Is fully recog-
nized. Whatever deficiency in the rev.
enues may exist during the current fiscal
year will be promptly met by appropriate
and efficient legislation at the earliest
moment.
Tho senate committee authorized
Voorhees, to introduce the Carlisle bill in
the senate and also to present tho letter
from the secretary for the consideration of
that body, which was done. This author-
zation as to the introduction of the bill is
not intended TO mean, however. that the
committee has decided to make an effort
to pass the bill through the senate or that