The Caucasian. (Clinton, N.C.) 188?-1913, 1894-11-15
4 ltU N50.OI0.0Oll
BOND ISSIE.
Tl>-.N1 f-s NATIONAL TpEkSuRs
'OhAFos sENsRypF


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t~~ev g." Ias taFs~ws fN4ssnes..---rl.-
t"us-t~tau's t"Fte- Esoas,Grt4t-s Prediction
NeFth"d--- Nnnau ssavuF Of the Head
1~-nr Wttuhrta tusI Aft.r she ti.~tssu
-.lDv October pshvaI = sl-. .s.aa. .Nat.
.Sre.a. Coz. 10 Tus Csr,Asnx5
NV loEA, Nov. lo.-Nuw tha,
he democratic Waterloo Is complete
lt is uo longer secret thar an aadl-
ttunal 500, u,uUo.ouo bond issue Is ne
essay Jo pay the running espeEss.
+ the Goyr~rmgut, Months ago
IhE CAUoAsIANs correspondent
predicted II. Every month of the
Democratic ministratlou has Wit
De>scQ deficit III the national treas
ury. 1t crawl led up TO Sl3,GsO. .S54
IN October. This means at the end
Of the current year deficit of S!G4,-
oOo,0o0. When this statement xas
made III TIE CAUCASIAN some weeks
ago 1t Was put down To calamity
bowling. at was PoINlIst exag-
geratlou "a campaign he-cs ncoct-
ed and made to order Tor campaign
purposes. 1t was not guess work 10
your correspondent, as 10 any i'm
partial, ob5ervant man, another bond
issue was inevitable. Deficit after
deficit could have 10 other meaning.
1t was apparent before it's enactment
that the sugar trust tariff bill would
be humlliating and startling fail
ure rs revenue producer.
paralyzed industry, Frustrated
business, unemployed and starving
labor destroyed the Governments ia
come and compelS the administers
ton to borrow money TO pay It's cur
rent obligations. People endowed
with as little perception and com
mon sense as the Democratic M na-
gers IN North Carolina displayed IN
the campalgn might have compre-
nendcd the sItG"uoa. 1t was kaown
here aDt III Washington. Il Was the
! policy Of the administration to sup
press it uhtl! alter tn, election. But
| "ail 1ar people Wela not fooled this
time. Concealm4nt is no longer
necessary.
AN0THtK BOND ISSUE
/ Is inevitable, Was tie semi-oilicia
anu,u Iccment on Wall Street yester
day. The information was giyer
out by one Of the bankers who got 1
good lump Of the $50, 900 bono
ISSUE last February and who is known
IN all active financial circles in thi
city to be closely identified with th,
Administration.
Assistant Secretary of the Treasur,
! Curtis has Ucyn in this city for sev
eral days and has had conference
with the presidents of Nationa
Banks and Trust Companies. Thos
bank presidents through who's
agency the last bond issue was takei
up, have been among the conferees
One Of theae bank presidents sli,
yesterday:
"Ies, there will be an issue o
bonds shortly. Probably within tn
next week or two. Secretary Carlisl
Will call for investors. presiden
Cleveland and the Secretary have &
termined that the gold reserve sha
; not be further impaired. 1t IS yer
low now and there is danger that I'll
drain of foreign expectation will b.
: gin again III Il short time.
BANKRUPT TREASURY.
f Is about as depleted now as it VI
: last February, when Secretary Ca
: lisle after declaring from the fir
) that he would not issue bonds bl
: was compelled to do SO by the gol
It bugs.
n Slightly over $60,O0O,0O0 gol
b balance is main tanned now, so tn,
Y twice within a twelvemonth ii
SlO0,00O,0 gold reserve considert
necessary to maintain credit has bee
impaired to the extent Of near
= $40, 900, OG0.
= 1t was on January II last th
:, Secretary Carlisle authorized the j
sue of $4,000, 900 of gold bonds.
With the additional $50,OC0,0(
: issue, the bonded debt of the Unit,
- States will have been increas'
~ $1O0,OOO,0O0 the first year of
Democratic administration, and Il
>, first siuce the war.
= The people, seemingly the who
~ y earth, that voted against the Dem
: cratic party last week were infuenc
!, by the irrepressible instinct of SCI
= preservation. It was not five ce
~ cotton, bnt five cent Democracy.
JONATHAN EDWARDS.