The herald., 1894-01-20
AN ANTI-B0ND MOVEMENT,
Proposed Injunction Against
Secreatry Carlisle.
Knights of Labor Officials Take
the Initiative.
The Supreme Court Will Be Asked
for q Decision.
Washington Opinion Is That an IDjunc-
tion fs Untennble-5ilver Men
Object to the Gold Clause In
the New Bonds.
BY the Associated Press.

ing was sent last night from knlgnts OF
Labor headquarters:
]. N. Sovereign, General Master Workman K.
OF L.. Des Moines, Iowa:
Secure counsel to 90 before the United
States supreme court Immediately to
enter injunction proceedings against
Carlisle, restraining him from issuing
$50, 600, 600 bonds, in the interests of the
people upon whom the burden OF all the
taxation to pay the interest and prin-
cipal OF these bonds will fall. 1t is re-
quired you should Immediately take this
step against the secretary OF the treas
ury, epjoining him from incurring fur
ther debt while the resources of the gov
eminent, ii properly applied, are suffi-
cient to meet all lawful demands.
(Signed) JOHN W. HAYES,
General Secretary and Treasurer.
The following was received in reply:
DIES MONIES, Ia, Jan. 10.
John " Hayes sl4 North Broad street, Phila-
Case submitted to counsel. II reason
able grounds on which to force standing
in court injunctions proceedings will
begin at once.
tSigned) j. r. SOVEREIGN,
General Master Workman.
MIR. SOVEREIGN'B INTENTIONS.
DEs MONIES, Ia, Jan. 19.-General
Master Workman Sovereign was seen by
an Associated Press representative here
tonight regarding the proposed injunc-
ton proceedings against Secretary Car
lise. ut may be good deal like q
mouse tackling lion," he said, "but we
are going to do it,"
A petition praying for an injunction
to restrain the secretary OF the United
States treasury from issuing bonds in
the sum OF $4,000 900 or any other
amount, Sovereign said, will be drawn
up here by Judge Coles, sworn to by
Sovereign and sent to Washington to be
filed in the United States circuit court
of the District of Columbia rne FIRST Of
next week.
Tonight Sovereign sent q dispatch TO
Senator Allen of Nebraska, asking him
to make argument in the case before
the court in Washington.
Sovereign and his attorneys deny to
Carlisle authority to iesue the bonds
proposed. claiming there is nothing
in the law providing for a reserve fund
OF 500, ,000, 600; there is no provision in
the law for any special reserve. as con-
strued by the present government, and
the fact that the secretary OF the. treas
ury is offering for sale greater amount
of bonds than the SO called legal reserve,
indicates that he is not offering them for
the purpose of redemption, and further
shows that he has not offered them for
sale for any purposes specified in the
law of. January IA, 1875.
"As matter of fact" said Sovereign,
further, ''if they wish to stick to the
$100, ,000, 900, we insist that there is now
more than double the present deficit in
the treasury. and the amount is in
silver. Again if they wish to stick to
the text of the legal reserve OF 500, 900,
900, we have them, for If the reserve
they claim is established by law, then
the secretary of the treasury violated
the law when he allowed encroachments
on the reserve"
Sovereign expressed fear that the
case would be thrown out of court, but
is determined to fight the matter until
the last bridge is crossed.
AN INJUNCTION NOT TENABLE.
WASHINGTON, Jan. 19.-The dispatch
announcing the threatened Injunction
by the Knights of Labor against Secre-
tsry Carlisle. to restrain him from issu-
ing $50, ,000.0 900 bonds, was taken to the
treasury department this afternoon and
shown to the secretary. Carlisle de-
clined to say anything whatever on the
subject for publication. Other officials
| of the department were not surprised
on learning the contents of the dispatch.
The feeling OF the Knights OF Labor and
labor unions generally on the bond
question has been known to be
unfavorable, as shown by the passage of
resolutions against it. The oficiale
unite in the opinion that the secretary
| has nothing more than temporary de-
lay to fear from the injunction procaed-
ings, and even this they do not think in
the least degree probable. 1t is believed
no delay will be occasioned by these
threatened legal proceedings, as even a
temporary injunction doubtless will be
denied.
The Populiets of the house know
nothing about the injunction against
the bond issue. Jerry simpson says he
will have no hand in it, but he is glad If
II is true.
Representative Culberson Of Texas,
chairman OF the Judiciary committee,
says there is no DOUBT of the power OF
Secretary Carlisle to issue bonds Tor the
purposes ot the reeu mption act.
Inc g6uefai Opihiou hhfoueiuWyoIb "
the house is thst the proceedings will
have no standing in court.
THE oBEoxioUs GOLD CLAUSE.
Strong sentiment is expressed among
the silver leaders in the house against
the gold clause" oil Secretary Carlisls's
notice OF bond sale. Representative
Bland Dem.) Of Missouri eays: the
standard silver dollar is full legal tender,
and il can be offered and received in
payment for these bonds. The act un-
der which tho bonds were issued pro
vides that they shall be payable in coin.
1t does not say gold coin. At the time
OF the act, the standard silver dollar
was full legal tender, so it must be
inclnded in the meaning of the word
COIN"
Some anfi-siiver men sake lasas with
Bland on TIE point. They say the bonds
are issued under the redemption act of