Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1894-11-11
ANOTHER BOND ISSUE Likely.
The President said to Favor Further
Strengthening OF the Gold Reserve.

The President Said to Favor Further
Strengthening OF the Gold Reserve.
WASHINGTON, November 10.-There
are strong indications that another
issue Of bonds will be made during the
coming week. For some time the con-
Yiction has been growing upon the
President that an issue Of another $50,
600, O00 would soon be necessary, and on
his return from BuzZard's Bay, he sx-
pressed to the members OF his cabinet his
belief that the issue could not be long
delayed and that the sooner il was
made the better. He saw the treasury
receipts constantly growing less, with
no Immediate prospect OF any favorable
change. Already the gold reserve had
reached point Of S4,000,00 below the
lowest point touched previous 10 the
last issue, with the probabilities strong
ly In favor of still further and larger
Withdrawals for export as soon as the
spring outflow sets 10. For the last
several years, the spring with
drawals for export have ranged in
amount from $40, 600, 900 to $4,000
600, and even more. aud IL was not
good business judgment in the opinion
OF the President TO wait until the gold
reserve was 10 fact wiped out before
measures should be taken TO repleniSh
il. Secretary Carlisle, it is understood,
took a more hopeful view of the situa-
ton. He argued that the receipts from
internal revenue and custom must OF
necessity soon show a marked increase.
The supply OF whisky which was with
drawn from bond just prior TO the
passage of the new tariff act 10
avoid the payment of the additional 20
cents per gallon, would very soon be
exhausted, and that the demands OF
trade would result 10 largely increased
revenues from this source, aud what
was true OF the internal revenue was
equally true of the customs. just be
fore the tariff act went into operation
tho withdrawal from bond OF goods OF
every character was abnormally large.
This supply had now been exhausted,
or nearly so, and 10 was the con-
fdent expectation Of the Secretary
that the present steady revival of trade
would soon remove auY necessity for
another issue of bonds. Up 10 this
time there had been no signs OF any i'm
portant Withdrawals OF gold for export,
aud it was mis- opinion that the emer-
gency might be passed successfully
without increasing the public debt. lie
argued too, that his experience In piac-
ing the last issue, taught him that the
issue of another $50, 900 might fall
far short of recouping toe gold reserve
by that amount IL was an easy matter
to deposit legal tenders at the Sub
Treasures and demand gold with which
10 pay for the bonds. THIS eva
sion of the spirit OF the
law, authorizing the issues OF the
bonds was several times detected dur
ing the settlements for the last issue,
aud he feared II might be practced
again. The President, however,
thought that all things considered he
had preferred not to wait until Congress
reassembled in December when meas
ures might be taken 10 obstruct the
issue. 10 his opinion the situation de-
manded the issue, aud there should be
no unnecessary delay in the matter.
At the request Of the President, Sec
retary Carlisle Joined him at Woodley
this afternoon, and at late hour had
not returned 10 the city. Persons In a
position to know believe that this issue
will be officially announced before the
close OF the coming week.