The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-02-14

for the bonds now advertised for sale?
Do you demand gold coin?"
Secretary Carlisle-"Yes, sir. the pro-
posal calls for gold COIN"
Mr.. Bailey-':sThis is the first time
there has been any discrimination
Secretary Carlisle-''No; Secretary
Sherman sold bonds for gold coin"
Mr.. Bailey-"I mean this is the first
since the act of 1873 was passed. When
Mr.. Sherman sold those bonds gold was
the only legal tender
Secretary Carlisle-"What the secre-
tary of the treasury says is substantial
ly this: Congress has invested me with
authority to issue bonds and sell them
for coin. j will will not issue bonds and
sell them unless the purchaser will give
gold coin for them, because gold coin is
what is needed 10 maintain resumption
and the parity of the two metals"
Mr.. Oates" Bonds are made payable
i'll COIN
Secretary Carlislc-"Not gold coin. but
In coin. When congress compelled the
secretary of the treasury by law 10 buy
Sl56, 600, 900 worth of silver, it specified in
definite terms the buying Of silver, and
he did it,
Concerning Grcenback Issue.
Mr.. Carlisle's views were then Sc
cured OH the plan Of another issue of
greenbacks. He was asked if 1t would
not be feasible and practicable to au-
thorlZe the secretary Of the treasury 10
issue treasury notes sufficient to relieve
the wants and necessities of the treas
ury. The secretary said:
why, Of course, congress could do
that and the secretary Of the treasury
would use them. If you ask me as
financial question whether / think IL wise
in congress to authorize the issue Of
$500, 000.0 900 in greenbacks, 7 should say
no. because I believe in the first place
there is an ample supply of money in
the country for the business that is be
ing transacted and a great deal more
than is being used"
In concluding the hearing Mr.. Carlisle
expressed himself vigorously as to the
validity Of the present bond issue. He
was asked by Mr.. Stone IL the bonds
would be hurt by legal questions.
Secretary Carlisle-''No. because If
the secretary of the treasury should is
sue these bonds and take the gold aud
dump it in the middle Of the Atlantic
ocean it would not vitiate the bonds
RIkcr's Petition for n Mnndamus.
Carol l.. Riker, the Chicago man who
attracted some attention recently by
putting i'm bids for the S5o,000.OOO Of
bonds offered By Secretary Carlisle,
this afternoon filed "A petition in the SUI
preme court of the district. seeking
mandamuS 10 compel Secretary Carlisle
to issue $50. 000, 900 i'm bonds To- him &C
cording to tho terms Of his bids. The
secretary, upon receiving the Rdker pro-
Tosals. which were extraordinary, inVes-
tigated his financial status and rs a re
suit of this inquiry he ignored the Riker
proposals.
Mr.. Riker's petition Immediately after
being filed was presented TO Justice
Bradley Of the supreme court Of the
district. who withheld it from publica-
ton. 1t is a long document and says
that weeks were spent in preparing it.
The question Of issuing the mandamus
is now under consideration and Justice
Bradley will render his decision at 10
o'clock Monday morning. Mr. Ril1er as
serts that in case of an adverse decision
he will appeal TO higher courts.
Sovereign Says the End Is Not Yet.
PHILADELPHIA. Feb. 10. r. Sow
ereign. general master workman Of the
knights of Labor, whose headquarters
are I'm this city, arrived from the West
today. lie denied emphatically that
there had been any charges made against
Mr.. Powderly. saying that all such state
mentS are merely newspaper talk and
doesn't amount To "A row Of pins In ref
erence to the injunction suit against Sec
rotary Carlisle to prevent the issuing OF
bonds Master Workman Sovereign said :
The end is not yet. We intend to
make another move I'm the matter. hut
have not yet fully decided what VIC will
do An appeal has been taken in the
case and we intend TO push the matter
However, ] am not very competent to
speak on the subject. Secretary Hayes
attending to the matter while L was in
another part of the country"
Mr.. Sovereign declined TO discuss the
rumorS current that the Knights of La
Dor as an organization arc in need Of
funds.