Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-11-13
TIE PROPOSED ISSUE.
,.,.,t.n.ifIt Were an Actually De-
spite Deniais.

JUNCTION. November 12.-ln the
-.. o. President Cleveland secretary
...l. ana other members OF the C"o'-
prual lphia to-day, there Is
80 ,.,ys in the Treasury Depart
.,..., The alleged contemplated BOND
~ae-c is. however. much gossip
... ., ,ha absence Of positive informa-
sl.ns passed around. NO Irea-
r..' today is willing to be quoted
,,,eneciive bond issue. The
.. . ,ha matter Is that 'hey NM"
-, about 10 than the generai pun
.. q the mechanic al prepare
-.t- bond issue are being hiaue
.. lrr.1us where such preparations
t .rrnair. Nevertheless, py con
..-, r.r.fton. the statement is gaining
nat the President may nave taken
e.. natter in his own hands, Withou.
'-,.,l.,-- any one IN the Treasury anu
81, t,v. Informed some one IN Ne"
,.tbtta bond issue is ineVitapie III 'hc
....rf condition Of the Treasury.
4. d. present time the net palahce
Cd. ,.s Treasury IS $20.ooo.OOO greater IMAM
,u.s n February last. The gold reserve
rs9-lv 100000 less now than on feo-
IN i., The absence of Assistant
s.-4'a-v Curtis in New YORK az 'his
.- 10 To- opinion Of Treasury oilclals'
t-., color 70 the positive New horh
-st~.ufs that bond issue VIII be maue
s.--..v. ~ the same time the matter
q. nr as the Treasury officials go, Is
no u inference and not of knowledge.
~,y say that II bonds are TO be issued
,-r tine within the next two or three
-,as. now IS the time, as when Con-
-ss conyenos Il resolution, OF when
-.-. a.. now several on the calendar.
-.st le called up and passed inhibiting
O. Secretary OF the Treasury from such
sg9 No doubt seems 10 be entertain
H n, his purpose on the part OF Con-
rse The following statement. pub
ats. IN New York on Saturday. has
"rl,'e3 Widespread attention.: "Nester-
,,y Nr St,war, and one or two OF his
y','arts bank presidents received
siy u IT, proposed circular. and last
-s' the draft was returned TO Wash
-ita with their approval"
-als is cmphaucally denied at the
:. ~. but from the same sources de-
81. al, made Of bond issue at all.
F-res obtained at the Treasury giving
public debt Of the United States
'- Interesting az this time in view OF
Pa. supposed possibility of further in
c.asrF the debt by n bond issue. on
itra.ry !. 1894 the public debt Of the
'.fel States stood at 1866. li2.00o. less
10 the Treasury. $si0i20oo. In the
N-'s ''a'ement the proceeds OF the
'7 'rl issue first appeared. Debt April
.. f,.s 80 less cash In the Trea-
M, 10 ntH lie hA
, 1,ht of the United States. less
'- n the Treasury. has increased from
..Isry J. 1891. 10 November l, 1894.
ISSUE PROBABLE TOMORROW.
N-N YORK. November l2.-According
good authority. the government loan
'a ie Issued as soon as the details are
'fe.'el ana the circulars are printed.
t''F Wednesday morning. The issue
. i- E""2@D of . per cent. bonds.
Hi'le in ten years. and no upset
'.r ".l Doe fixed by the government.
.''-i-ncrs have been received by the
-.-'' Boo the movement which warrants
assertion that the issue VIII be largely
'.''ltscr!hcl. and bids Will be on a
" ter basis than per cent
.'' banks late to-day refused 10 make
loans on the rates which have been
=. as IL Is expected that the main
a ~ the $500 900 gold paid for the
".l be withdrawn from the New
." i-iNs and trust companies. This
''l.e ihe rates OF interest and In
itinn ~ this result the banks and
... mranies decline 10 loan money
.ie eject upon interest rates can
.y calculated.
'tnstfs concur In the opinion that
.Airawal OF nearly $Go.0pO.OO OF
rom general circulation will have
. 'fDct than IN last January. as
Us better demand for money at
: ana the improving prospects OF
~. Indicate a still greater demand
t....' 'Nr manufacturing for the spring
'-''i. 's begins.
hANKERS PROMISE GOLD.
2 w." YORK. November l2.-Flve presl-
d. . national banks. who are regarded
N.. ''a9efs Of the bank presidents In
p... i.tH city. met I'm the Offices of
NJ ". cannon, president Of the Chase
c.,. "H' fank. to-day They were Mr..
F.'t ana Presidents Nash, OF the Corn
C.,'."fr National Bank: Tappen. OF the
49,. '"' Simmons. of the Fourth Ma
ts,-i ana Williams. of the Chemical Ma
H., ""hN, These gentlemen had at
,,.'. meeting Of the Building Com
a,l W the Clearing House Association
s.. saihefed in the offices Of the Chase
= ...e' Bank 10 discuss the impending
a., 'iNent loan. The consensus Of opin-
~, @@s NAT the bankers OF New York
g.. give up large amounts OF gold for
M, ohase Of the new issue OF govern
Nh, bohds. IL Is expected that investors
s,1 soDscribe largely for the new bonds.
,,.', NE banks will furnish TO depositors
hD, The gold necessary 10 take the
is.hs decision is OF importance. as the
~ ~ represented at this informal con-
nee with the Union Trust and United
- 20 : ana Central Trust companies. hold
g. ouh Of the gold In New York. Presi-
To To King, Stewart. and Oicott. Of the
81 companies mentioned. have already
.shasd 10 the administration their as
en- that the new issue viii be taken