The sun. [volume] (New York [N.Y.]) 1833-1916, 1894-01-30
CARLISLES BONDS WON'T GO.
20 rHE VIEW FORK BANNERS WHoN
me- CONSUL TED THINK.

,.r Floating Them-TnIk OF m Under-
urtt.9 syndicate, bat NothinE Dennite.
Tho Hon. John Grimm Carlisle. Secretary OF
.ho treasury, remained at the Fifth Avenue
ro,el Yesterday m orning. On the visit OF Assist
at Treasurer Jordan the night before II was
.,r.nged that the Secretary should meet a con-
o,agation Of the financial men OF New York at
,hs sab. Treasury at noon. The Secretary has
horeto,oro refused to confer with New York
h.nk Presidents and bankers concerning the
noliey OF the Treasury Department. The rela-
lions between the Secretary and some OF the
Nav York inancicrs have not been altogether
pleasant
concerning the Secrotary's present visit. It
vas ascertained that on Saturday evening
Assistant Treasurer Jordan requested the CO.
operauon Of J. Edward simmons, James still
man and other Democratic bank Presidents
IN an effort to make the proposed issue Of
10000 600 > per cent bonds a success. II
was Mr. Jordan's idea that the Democratic
hank Presidents should come to tho aid OF the
Administration. The reply to this was that
the bank Presidents conducted the affairs Of
their Institutions on business basis and that
politics did not enter into their deliberations.
II was furthermore ascertained that Mr.. Jor-
dan then attempted 10 prevent the visit OF Mr..
Carlisle to New York at this time. unless he
should come prepared to submit a proposition
calculated to induce the banks 10 take hold OF
the proposed Government loan and mako 1t a
success.
About this the Secretary differed with Mr..
Jordan. Ilv was disturbed over an impression
prevalent that by the resolution reported By
the Committee on judiciary OF the House OF
Representatives the validity OF the proposed
bond issue had been questioned. The Secre-
tary on his arrival at the hotel. issued his
statement printed In yesterdays newspapers.
and called special attention to these remarks
Of Representative Bailey OF the Judiciary
Committees
The resolution does not inpsach your right to Issue
bond. meNpre.sy Lecognils. II. but questions your
.s. 70 sH HI hS o to any purposes except
After Issuing his statement Mr.. Carlisle d.
rected Mr.. Jordan TO- invite the financial men
ingly Mr.. Jordan sent out the following early
yesterday morning:
orncr Or Assistant TRs.,unuE uyrIrD sIAIrSi
NV hJHN ttII Jan ~. lSu4 !
Tn. assistant irea.urer OF tue United states has the
u. secretary q the Treasury tbs SUP treasury
I,;istsnt treasurer United states. Sew York
Promptly at noon Secretary Carlisle arrived
N the sub-Treasury. He was accompanied by
assistant Secretary Curtis and Assistant
private con ference room IN tho upper story.
Those who had assem- oled to meet him were
Brayton Ives OF the estern National. j. I'd
yaFt simmons Of the Fourth National, Henry
burn the Third National, J. L. Woodward Of
hs Hsnoysr atIonal frederick d vTsppen Of
he ChemiSel National, James Stillman OF the
Ia E,y hSmE William W. sherman q
Pcfains S Jr % The imroi Im and TraderS
Ebenszer K. Wright OF the National Park. III.
sSnszieT Mason u the hnLk OF New 1orE al,
The National Bank OF Exchange: President
william A. Nash Of the orn Exchange and
America, state banks: President Stephen
BAKER OF the bank OF the Manhattan Company,
Trust Company. President Edward King OF the
Union Trust Company. President John \. stew
an Of lie United states Trust Company. Presi-
securty aud TrusI Company. and L ssidcnt
Thomas hiIhouse Of the Metropolitan Trust
lAnier OF Mlnslow, Lanier X o., Walter iutt-
Gen Oi August BclmOnt a Co.. and l. on HON.
han nan INr ars, were "a no reGrssentaiiyes from
which twp firms In times uast have been IA
nous IN floating Government Loans.
The secretary WIS dlgnillod and almost dis
hnl IN his demrnnur lie hat with him a
small grlp packed with upcwrltten COPY OF
the notes Oi the -recch he was 10 make 10 the
a,scaEleI 'lrancier. He s,nrteI oil rromutiy.
and Tor two hours h. discussed the proposed
lone Issue, lis legality, ana other features. In
lLenls Iappcn, stewart, hing, and sherman.
=, Indeed, ~" S"rrctn"y dii all If the talking.
o. TIE House judiciary Committee. when lie
APPEARED before 1t last Thursday, declaring
Questioned b. any memUcT. the only question
belAg whether he could use the proceeds for
any ohT puruosr than the redemption Of
Finally matters began to drag. and President
laiirn Tl-Iug ir!Skiy, said:
SUPPOSE this proposed loan Is a failure
pose to dot'
am not prepared To admit that the pro-
is II tur A. IfaH IA SaaF
pu' luTther On he admitted that he had not
pigN,rI int suru an emergency.
=. W, Idpl"H IL Is the opinion OF many that
the luan has not been and will not be sub
Sllutu To-, Are you willing to name tho total
sTIILanI OF the huGscrlytlons W to date;
lbe arcrrtary | have not charged my mem |
~ YIN mo figures for which you ask. | !
bo"GiH have Preferred 10 issuea g per cent;
voht AZ par, tut MY calculations determined /
shat me Proposed issue Of S5uuUU.UUU OF D !
H. ren,s AT ! 4 ~, which is the equivalent
The lowest premium. Ihe premium on a new |
yer emit bond would DO about lls ?. and |
S wn q new nor cent, bond about llOt. !
r,ahleu 10 Issue h0ni which could be bought |
th' lowest IrrmiafH.
President stewart would ike to know. Mr.. !
money n the hOnl ISSUE is a success
lne gycretaTy "A the lirst place intend to /
IHfHl'h The gold Reserve. anl after that 1 1
M ,S'I use tLo In0ney Tor any necessities that |
nay arse II the subscriptions for tho bonds /
SSssieEhe : th,UOuOO at the figures named In |
II tstlvumr would accept all tho bids.
Nh. tnIs statement was received with more than |
ssCM interest, which will he understood later !
nhheh the objections OF the bankers to in |
'1suhg IN tho Proposed bonds are TecOuuted. |
uLeslient Ming and President sherman also /
nsie INQUIRIES Of the Secretary. and POINTED /
SS-iahal The proposed loan ha0 not bsun under |
ssNeh, anu that in case Of failure undur the :
tboSaeAgls Ian, 1t is complete failure. Al /
HSakl The Secretary would not give figures. |
vas Tie opinion OF those at the gathering |
n ne. seflaiulY not over SlUOOU.U 900 oi the pro-
'sl soGuuouOO issue have been subscribed |
~. ~, ahd NE lids close according to the &c /
eios5 circular OF Jan. ~ on Thursday. In |
siS.s9- Sue conferences. the Secretary again In /
r,b,u mat there was no question as to his |
nj nm 70 issue the bonds. snd that, IL success
t1 ~ ns Would apply the uTst proceeds in re- |
sTushlNs his gold reserve. The secretary,
SsI ianeh with Mr. falrchild. returned 10 I
Ia hhe meeting at the sub Treasury, according
ThHno majority OF those present. was a failure. |
FHj,g we're reports late IN the day that Mr. |
81 hlId would endeAYOr 10 organize syndI- |
$500 80 70 goh1e 10 tho secretary aid. and that q /
tan ,'4T Sulica'e would be organized ia BOs- |
Ia hese reports were not substantiAteL
h. -fs" l"rkers object to the NccTetary's ]
III aSAHLAe, uIst. because OF the opinion that I
Gar W HteeIs IAN 10 used only Tor the TsIemp- J
on / y 4eSa' tenders undeT the Tesumpt on act /
ii7t,i1r second, because the premium OF I
h., - IS too hlgn, when investors can buya4 |
Jesr -Ghn NOteTui.ent Gond running several 4