The great West. [volume] (St. Paul, Minn.) 1889-18??, 1894-01-26

PROMISE but he has told Congress IN his report that
he is ready to coin it, and has practically recon-
mended that he be authorized to do 50, and bill
has been introduced in the House for that purpose.
think that there is doubt, therefore, that it
any gold is needed for export it will have to come
out of the United States Treasury and not out of
the banks.''
The Banks Want Bonds.
The single standard men in both houses will fight
the bill to coin the seignorage however, and of
course will have the influence of the national banks
behind them. In fact, there is demand from all
the money ceners il the East for bond issue, and
it is safe to say that sturdy fight will be made to
give to the Secretary of the Treasury the desired
permission.
It is said in quarters that under the pro-
visions of the resumption act of 1876 the Secretary
has authority to issue 4, AZ and per cent bonds
The Secretary himself has doubted his authority to
issue bonds under this act for any except redemp-
ton purposes. Mr.. Oulberson, the chairman of
the judiciary Committee of the House, and other
legal lights of that body have rendered opinions that
the Secretary cannot issue bonds under this act Of
1875 to pay current expenses for any other pur-
poses except for redemption.
There is no doubt that the situation is very annoy.
ing to the administration. Mr.. Carlisle has been at
work for several days past with Democratic Senator's
trying to induce them to agree to short-term bond
at per cent He has not made much progress at
the Senate end, and it is feared that he will have
less success at the House end.
What is Said at Washington.
WASHINGTON b. c., JAM 19.-The Baltimore
dispatch announcing threatened Injunction by
the Knights of Labor against Secretary Carlisle to
restrain him from issuing s500O0,O00 bonds, as
contemplated by him, taken to the treasury
department this afternoon and shown to the secre.
tary. Mr.. Carlisle merely read the dispatch, but
declined to say anything whatever on the subject
for publication. Other officials of the department.
to whom the dispatch shown, not sur
prised on learning it's contents. The feeling of tn
Knights OF Labor and Of labor unions generally on
the bond question was known to be unfavorable, as
had been shown by the passage of resolutions against
it, The officials were unit in the opinion that the
secretary had nothing more than temporary delay
to fear from Injunction proceedings that even this
they did not think in the least degree probable. The
secretary consulted the attorney general, the law
officer of the government and the president before
issuing the bond call. Applications for writs of in
junction or mandamus against department officials
are usually made to of the justices of the sup
rene co urt of the District of Columbia
THE POPULISTS
of the house know nothing about the mi junction
against the bond issue. jerry Simpson, of Kansas,
says he will have no hand in it, bat would be glad
if it were true Representative Culberson, Of Texas
chairman of the judiciary committee, says there is
no doubt of the power of the Secretary Carlisle to
issue bonds for the purposes of the resumption act
The general opinion among the lawyers Of the house
is that the proceedings would have no standing in
court. strong sentiment is expressed among the
silver leaders of the house against the "god clause
of Secretary Carsle's notice of a bond sale. Rep
resentative Bland says that it is the first time he
has ever official statement declining to &C
cept silver any of the various forms of lega ten
der and requiring gold payment only The standard
silver dollar is full legal tender said MIR. Blanc,
land it can be offered ard received in payment forI