The morning call., 1894-12-23
IS URGED BY MR.. CARLISLE.
This Time the Dose Will Be
Doubled.
REAsURY GOLD RUNNING LOW.
But the Proposed Issue VIII Not Be
Floated During the Present
Congress.

WASHINGTON, Dec. 22-Secretary Car
Isle practically comedies the necessity for
a third issue of bonds. 1t is probable that
this third issue may be postponed until
Congress adjourns on March 4. Certainly
every effort will be made by the admins
tration to put off the evil day as long as
possible.
Ii is feared that 1t would be almost i'm
possible TO float an issue of bonds while
Congress is in session because of the
fierce opposition viii the friends Of sill
yer, under the leadership OF Stewart in The
Senate and Bailey Of Texas in the House,
would make. Both Stewart and Bailey
have determined TO agitate for an investi-
cation into the authority of the Secretary
Of the Treasury TO make the bond issues
already floated. 1t is feared at the treas
ury and the White House that to attempt
a third issue while Congress is here would
be regarded by silver men as absolute de-
fance and would precipitate quarrel be-
tween the administration and silver men
in the House, a condition which Carlisle
and Cleveland are particularly anxious to
avoid at the present time, and for that
reason no steps will be taken to arrange
for third issue of bonds until the present
Congress is out of the way.
1t is stated by well-informed treasury
officials that MIR. Carlisle'S next venture
with bonds will be radically different from
his past methods and that instead of only
$50. 000,0 900 as heretofore he will issue
500. 100000, recognizing clearly that an
other S50.000 900 issued in the spring would
be gone again by fall and thus force the
humiliation of a fourth issue. As it is
both the President and Secretary are said
to regret very much that the first issue
was not for 100000, 900. Another radical
change from the previous methods. said to
be in con TEN plation, is determination to
make the next issue Of bonds a popular
loan. 1t is feared that ii 500. 600
of bonds are issued the people Will not be
able TO take up all, but an effort will be
made to give the people chance to bid for
the bonds in small quantities, instead of dis
posing of the entire issue to some syndi-
cate of Wall-street bankers. The last issue
was failure so far as permanently re-
plenishing the gold reserve was concerned,
for although The bonds were paid for less
than three weeks ago, the gold reserve is
again far below the normal mark of S5S,-
100000. OF the gold paid by the syndicate
nearly half has already been drawn out
again.
Moreover. treasury officials know that
less than third of this gold was with
drawn for export, showing that two-th fds
is stored back again in the vaults If New
York banks. whence it was taken by the
syndicate to buy the bonds. Carlisle be-
lieves that if the people took the bonds
there would not be this immediate with
drawal of the gold used in payment and
that the treasury would moi be f1eeced as
has been done. Both the President and
Secretary are convinced that no currency
bill Will be enacted by this Congress, OF
that any other relief will be granted by
Congress to the treasury, and are there
fore contemplating this appeal to the
people to help out the treasury.