New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-01-31
THE DISPUTED BOND ISSUE
NO RAILROAD F1NANCIERING WANTED
From The Philadephia Inqulrer.

NO RAILROAD FINANCIERING WAITED.
From The Philadelphia Inquirer.
70 avoid discussion cow on the question whether
Isle are legal viii not make them Legal Nothing
WIN be GAINED by closing TIE eyes Of 'ae rmr 70
persons to the legality Of these h,nds' The he
cone as so much railroad lnanciering secHls to be
done If this were permitted the vnt9d s,,ates and
the Northern Pacific Railroad would soon De IN
the same hopeless condition
THE SALE AND THE PURPOSE I%sEPARA-
From The New-York sun.
TIE people of this part Of the country nave more
common sense and a better knowledge of law than
b he dsseiycd Sv this petfogsing Gubblc rhe sen
ing of the bonds and the purpose ior %nch tney
thorizes the Secretary sell bonds only 70 provide
ana prepare for the redemption required N that
pay.ng pensions saiare5 and current expenses is as
Illegal as II no such act existed
WHOSE IS THE RESPONSIBILITY?
From The Boston Advertiser.
1t still is an important question why he declined
10 ask that law be passed giving the Secretary
power TO issue per cent bonds. Sucn Jaw vas
proposed in Congress year ago ana II hns aW Is
the bill He claims that the present tohki"5,s
reuse? Even If Congress had refused although i
has not done so to pass such measure. "h9 Is Is
is not on The Federal statute books to-day?
QUIBBLING OVER THE MATTER OF DIscRE-
From The Baltimore Sun
The law of 1880 makes # the policy OF IN ne
Government TO keep all moneys at par WIN goll.
ha ans shaIi be I,ai out to maintain It's credit and
credit came, be maintained without meeting one :
ns to Dh Sam pf the @ BY
ns n nn s"T unless can be- used for the bottom
purpose for which It was amassed.
THE Grsr oF~MR CARLIsI.E's LETTER.
From The Boston Journal
The gist Of Mr.. Carlislc.s letter Of assurance TO
intending bond purchasers appears to De ,hs' nSr
the old Resumption act. and that what ne may may
purpose doing with the money Is nooodys DUST
From The Newark Advertiser.
Although Mr.. Carlisle refuses 20 acknowledge tnat
the loan is failure 1t Is clear that something must
be done relieve the doubts OF ana dn not
refec. credit the Treasury Administration %nen
should have guarded ltseit mort scrupu'"us'S
against such contingency.
HE SHOULD GET AUTHORITY.
From The Springfield Union.
We can see no good why Secretary Car
li,le shou,d not Walt for definite authority from
Congress for the 81 Il e f the public
credit, and he and Kansas peter ano
s ss5 p soyeregn and Governor Waite and
Sister Mary Yen Lease stand IN er way The OF
src viii take care OF them and Congress. too
rur srcRErARY's INTENT DOUBTED.
From The Utica Herald.
7, ,s mt the legality Of the bonds that Is DIS
trusted but the secretnrys Intent to obey the law.
II no docs not intend TO violate It's spirit why does
ne not ask Congress 20 help the Treasury TO money
to meet current demands on IL
THE BONDS WILL Dc SOLD.
From The Washington Post ~, J.,
The Supreme Court OF the District OF nS b s
no
Judiciary Committee cannot repeal the Hesumpo ~
act The bonds win be sold ana N me Ton"rcss
any other AUTHORIZATION or lnhiriVm ~ nrocaeJs
the Secretary g.il find "A way 10 use tne p'oNS
as the needs OF The Government maJ r-V""e'