The times. [volume] (Richmond, Va.) 1890-1903, 1894-11-10
PRICE WO CENTS:
WANT A NEW BOND ISSUE
ANAGfTA Tf0N TO THIS END IN NEW
YORK FINANCIAL CIRCLES
Secretary Carlisle, However, will Permit
the Gold Res'rvs to Rssch Much
Lower Point Before He VIII Yis:d.

WASHINGTON. Nov. s.-rreasury Of
ncials have been aware for some days
OF an agitation In New York financial
circles Sas In favor OF q new bond issue II
financial papers that voice Wall street
sentiments daily call attention TO the
treasury gold reserve, and suggest that
!, /, should be built up to strengthen pub
lie confidence In the Treasury's condi-
ton. Tellers have been sent 60 Secretary
Carlisle by hnanciers, all having the
same end In view.
B'a SURPLUS oF MONEY.
The surplus money In the New York
banks is very great and Treasury oih-
cials here, who watch the course of
money matters, do not hesitate TO OK
press the opinion that the solicitude ex-
pressed by Wall street magnates FOR the
Treasury Is not entirely unseffeh. but
that a new bond issue Is desired by wall
street simply as a means Of providing
an investment for their surplus and ac-
cumulating funds.
CAN FoKCg 1T ~ TREY WISH.
limitations of gold exports to force
the Treasury to issue bonds have reached
here through broker sources and others
who keep in close touch with New YORK
financiers. That they can do this by pre-.
senting United states notes Tor GOLD
and thus reducing the gold reserve Is only
too true. az proved by past transactions
of the kind.
CARLISLE WILL NOT YIELD.
The opinion. however Is expressed In
Treasury circles that Secretary Carisie
will permit the gold reserve TO reach u
much lower point than II now Is, soi,vw,-
0oo before ne viii feel Justified IN ,na
present good condition OF the IrehsuIy
I'm making another issue or unlted s'a'e'
bonds,
WALL STRICT SAYS 1T WILL BE DONE
NEW YORK, Nov. 9.--it was stated on
wall street to-day that there will be an
issue OF $50 100000 or slOo,Wp"w iVe pe,
cent Government bonds before congress
again assemblies. When the last ISSUE s AZ W
an 00 OOO was made, and the pubhc nfs
clIned TO take the bonds, sydnlcate Oh
hankers headed by John A. Stevens, pres
ident of the United States trust Som-
pany. and Edward King, president OF the
iInieN Trust Company, made the SAFE A n
banker who was actively Interested In
that movement. makes the Following
statement -, .hor,
lv. The President and Secretary OF tne
Treasury have determined that the goln
reserve shall not be further impaired.
They have been advised that an eAroI.
movement OF gold will begin IN rev
weeks. and they, accordingly, nave ue-
termined to take prompt measures
SYNDICATE MAY NE FORMED,
When asked whether syndicate eH ~ou'a u
be formed which would be guaranteed a
commissIon oo TO noat the bonds, he re-
pIed: II DO not know That lies !, tne
discretion OF the authorities IN Wa,''ng-
ton. This much Is certain-tne nv nv, ,bpee rec
cent bonds will be issneu "pgm rhay ~" viii be
PPereS Pe[ cent To- pSe the public hut the same gen
teITen who made the last issue a , sae,
cess nave assured the Presidsnt ,,,,,s unas o
they will carry through the ior'hco'"'''
iST9u The banker added that II sSovo.g1 was as
t,snfticient. $50,0o00oo more wouiu po
Issued.