The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1894-11-19
THEY ARE TO BEAR FIVE PER CENT.
Er. Cleveland Decided to Act Before
Congress Meets.
WALL STREET GOT THE TIP FIRST
Congress Msy Conclude to Inquire Into
the Reason Tor This Issue-London
Wsnts Some of the Bonds.

Washington. November 1S.-(Sneclal)-In-
ssmuch as tire fact has leaked out that the
president has made Up his mind TO again
take advantage OF the resumption act and
issue another series Of bonds lie concluded
today to take tire ~ the forelock and di-
rect the issue before public opinion should
have the opportunity To crystalline in oppO-
sition thereto.
Afr. Cleveland thoroughly understood that
very strong public sentiment existed in
opposition 10 any further increase OF the
public debt This was made manifest in q
most pronounced manner nj the late session
when the Democratic majority in both
branches OF congress took open ground. not
only against any rurthcr bond issue. but
questioned the authority OF Secretary Car
Isle 10 issue the SJo.o9oO1 loan of last
spring.
The fact viii Doubtless be recalled that
potent influences were interposed pending
the consideration II the tariff bin by the
senate ~ secure legislation looking 10 an
other bond issue: but leading democrats
in house and senate advised the president
AMI Seert tary Carlisle not 10 press the
matter as 60 would surely meet with defeat.
The silver republicans Iu both bodies. no
taLIv Senator Teller. took open ground
against further bcul ISSUES. and in several
speeches ass well rs IN private consultation.
the Colorado senator served notice on his
political colleagues that he would aasaE-
o-ize the proposition e. the utmost and new
az permit NaI street Influences aud the
gold uIi-lr.hy tC dice STE the financial policy
~ the nation % a. de.riweut ~ the west
and south. and esree ally 10 the injury II
tEc silver proIuc.u- sections.
They Could Not Walt.
The Wall street masuates. realizing they
Congressional legislation, az least al the
present cgusgress. ana being advised that
Secretary Carlisle felt that no additional
Increase ~ the bonded debt should o. in.
Cured without tte authority OF congress.
s-lapIy notified their ally lI the white huCse
that Il was "uow ~ never Tor more gold
bonds and llr. Cleveland responded forlh-
with. Secretary Carlisle undoubtedly pro-
tested against having his authority under
the resumption Act delegated ~ Wall street,
but without avail.
Tired 81 Carlisle.
TIE particular question now ogitatng an
Washington is naturally in what position
Goes this matter leave Secretary Carlisle.
Ir is aa open s.ercr thar the PRECEDENT Ir-a'ie
~u bones 30 sl-aHi-- Ess treasury minister
fu THIS affair. as. indeed, be- Eas s.uohe4
him IN aelr- occasions. and the paulic is
curious 10 snow --st how long AIR. Carlisle
is disposed % submit % su'h treatment RE
has uet rlsi-u-l as set. hut the wcrI goes
that tae president considers him persona
non Erslta and would H. Ei1J o. squeeze
him out ~ the cabinet. some ~ Mr.. car
isles admirers. while re--etting the sitaa-
tim. think tllt ltr- carl -i- slE-d the wind
and resr=l the WhiriviEi in resiguirs from
Tire senate ID accept -le treasury portfolio.
These friends advised nsrn against entering
rhe cabinet Goo ANS position. believing that
Tile cabinet officials Waaif Doe hardly moro
than clerks To President Cleveland. ANA