New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-01-29
THE SECRETARY N THIS
Ir fssi.rs \ STATEMENT ABOUT HIS BOND Is-
STE AND THE ATTITUDE OF THE HOUSE
,t-rfrtAuy COMMITTEE TOWARD lT.

he ISSUES \ STATEMENT AnotT HIS BOND IS
STE A~p THE ATTITUDE or TIL: HOUSE
u-prcIARY COMMITTEE TOWARD lr
Secretary Carlisle. whose polio, since be assumed
control = the Treasury Department near.y a year
ago has been to ignore the bankers % N'w-lork
,,d IN scorn their counsel. seldom letting an OPP
..lrturlfy rass 10 exhibit before the country h1N
contempt for New-Yorks financial standing ana
methods came her" on mission on Saturday
,I,h, HIS mission is - beg the mon whom he has
.r,u.el AMI snecreI AZ % help him out u the hole
In which d. nnls himself thrpuch his failure -
a.a, li. so pour gold loan. Mr. Carlisle has dlS-
.....r.t that nl- only hop~ - I'D 3D." bankers ana
capitalists q ihis cit. AMI tha, II thej "l! NOT
help h.;n. Dee is lost.
Therefore Dc c,uos on heni"d kn'" ana humbN
inrlor.- ,hcm To- pay No. attention 60 the action "f
,b. democratic Comml,ier On judiciary ~ To-"
House of Representatives.. who say that the S"crc-
tar, IS without authority 20 lssu" ~" bonds Tor
tho purpos. desired but 90 com" {" his rescue HN'
p,tri1is ard put their money 90 ms s'tdrlNr-' u.s.
st,rinc them that. uo matter what b" does WIN
fh. pr,r-,.ls the bonds th-mf"N"s VIII 10" valid
,,-lil,,, +, Curi.. Nj. Clrilsl"'t Assistant SEQ
r.tary had been here sry,rll ldfs. Ing g" in-
si,r mon controlling .arse financial interest" WIN
confidence IN the secr"taryf srhcm" ana UIFhT
them To- invest iu the now bonds MI '"i"''
talked over his dcplorabc situation with MI curtis
yesterday. ami also with Conrad y. Jordan MS
cui- Treasurer here Henry Watt"rson. the r.
nown.I Kentucky clitor. called on the secretary
Al his apartments in the Iifth Avenue Hotel ana
lld his best to- cheer up Mr. Carlisle di"oi'"H
.r.rlts TX -Concr"-snan Phlllp u. lh'ihi-o"' J''
,is, ~ Kentucky. was Mr. Carlisc's companion III
the little jauuts which he made during IL" DAY
~, Secretary dlncd with Perry belmont anu
fr ils return 10 the hotel he declined To give an
interview but caused Tho following statement 10
b.. handed to the reporters which he sd was ,''-
tended 80 meet the Effect OF the Bailey ''S''"'
.ft.f a tr,,ff ttff
II has been enormously published IN some new w.
iI5ss, of Representatives has agreed 10 ana nl'i
reported rcsoiuuo' denying the authorIly HlTi' Hl ~
Secretary Of IA" Treasury 10 Issue ana 80" no.iIS'
40 ,,rol,lsel I'm his recent circular. and th'se pupl-
cations have cvd sltiy made an uni.Noiablr lHptrs
sion upon the minds ~ some some WHO contemplated
TN, only resolution IN relation 10 this subject tn't
has b..n het re- the commlttc" ~ ~ ipioMH
"Rcsolved 'rhat Il IS the sense ~ tn" iiOMse ot
Represen'atN.s that ne sscgstnry o. 10 % issue and
sc The bonds of the United states except snch "a
ia conf.rrr'i upon him by the act approved January
II l'14 rnl;,pd An Nci 10 provide for the Rrsump
ton ~ Spcci" Payments. ana uat th' lnvn'S ~,
cannot b. lawfully applied to any purposes except
Il wil. nc seen that 'hls resolution assumes that
the authority TO issue bonds conferred upon IN"
Secretary ~ the Treasury by the act OF January ~
800 and thai such authority sun exists hnt II hs
srrts that the proceeds ~ the bonds cannot be law
fully used except for the purposes Of Resumption ,.
In the committee when the secretary of ;he Treas
ury appeared before II last THURSDAY snow mar
Ma authority 10 issue bonds WAS not questioned lN
any member IN, onlv question being whether ne
cond use the proceeds for any other purpose thaii
tho redemption Of United states notes. Mr Hlil'y'
NJ. author OF the resolution. distinctly admitted IN"
e,lstcnc. OF tho authority. Addressing tn" Score
,er' Wr E1ilry said: THE resolution does not I'M
neach your right iSsu" bonds: II expressly rec"g-
Mics IT, bat questions your rignt t. apniy me pro
c,cds IL any purposes except those specified In the
act" ,,
The Judiciary Committee Of the House examiner
and reported upon this same question during thr
Flfty-seconl Congress, and IT then conceded thit
~. auth, ,rffV existed
question as 10 the authority of the Secretary OF me
tre,sury to the money In any particular
manner or for particular purpose ~
wholly distinct from the question as To MS
authority issue and sell the bonds 10 mat d.
Ter what he may DO with the money the validity or
I'M. bonds will not be affected and there Is. there
fore no reason why any one should hesitate To IN
ost In these securities on the ground that the pro-
cecds might possibly b. used for other than re-
Vr Carlisle will return to Washington this after
noon after seeing what he can do personally WIFI
New-York capitalists