The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1894-01-11
ANOTHER BOND ISSUE.
0arlisle's Suggestion to the Ways
and Means Committee.
THE REPUBLICANS NAY OPPOSE IT.

They Say Thsy VIII Not Assist In Put
ting Through Bni ~ N IL to be Used
m Aiding the Passage Of the Wilson
Tariff BiiI.
WAsHlNGroS, Jan. 11.-Secretary Car
Isle proposed an Tissue OF bonds to the
senate committee on finance yesterday
afternoon. He arrived at the Capitol q
few minutes after O'Clock and went d.
rect to the committee room, where he
found Senators Voorhees,. Harris and
Jones Of Arkansas, OF the COMMITTEES,
awaiting him. They were soon after.
wards Joined by Senator Vest, and li$tle
later, when Senator Davis had concluded
his speech on Hawaii Senators Sherman
and Allison left the senate chamber and
repaired to the committee room, into
which Senator Jones of Nevada strolled
still later. These were all the members
of the committee who were at the Capitol.
Mr.. Carlisle lost no time in coming to
the point. He wants authority to issue
bonds, and 30 stated to the committee In
a few words. He thinks an issue Of bonds
the simplest way to meet the apparently
rapidly approaching crisis in the treas
ury. He aiked that the act OF 1875, for the
resumption Of specie payments, which
also authorizes bond issue, should be 30
| amended as to permit this issuance for q
shorter time and ut lower rate Of inter
est than is provided for in that act
The lowest rate Of interest named in tho
bonds provided for in the act Is per cent,
and the time for the per cent. bonds In
thirty years. Mr.. Carlisle said the coun-
try would not Justify the secretary of the
treasury in taking advantage Of this au.
II tu Init aA
| ment bonds could be disposed of at q much
| lower rate of interest and for far shorter
time. He thought 1t would be a very easy
| matter to sell enough bonds TO tide over
| the present emergency, to meet the pros
pective deficiency OF the present fiscal year,
| at per cent, and running for three, four
| or five years, and he believed 1t would be
| the part Of wisdom for congress to author
| ize such a change in the present law az to
give this authority.
There was q general interchange of
| opinion among members of the committee
OH the subject presented, and the meet
ing gradually drifted into discussion OF
the outlook for tariff legislation, in which
Mr.. Carlisle participated very freely, but
| no conclusion was reached as to the bond
recommendations made by the secretary.
Enough was developed to show that IL is
going to be very difficult for the commit
tee to agree upon bill.
Under ordinary circumstances a major
ity of the Republican members OF the
committee would favor bond issue, but
4 it is by no means certain thnt they will
jump at the proposition now. The drift
1 of their remarks seemed to indicate that
they could not be counted upon to aid the
Democratic administration In getting It,
self out of Its difficulties. They hold that
the Democratic party by its threatened
tariff legislation is preparing to do some
thing which when done will result In a
| deficit.
The Republicans say they will not as
| sist a putting through bill for bonds II
| it is to be used to hid in the passage of the
tariff bill, which they oppose, and they
intimate that the most that can be en-.
pected of them "a to consent to bond 10
sue for sufficient sum to pay the indebt.
edness which will be caused by this years
shortage. 1t would seem probable there
fore that IL they oonst-.'- TO any issue OF
bonds at all IT will be fo-.. limited amount,
say $4,000, 900.
All factions In the committee agree that
| some legislation Is necessary, or Mt least
would be wise, and there will be further
efforts TO reach an argument upon bill
At an early date.