The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-01-19
One New Yorker Offers to Take the
Whole $4,000, 600 at the Premium
Named by Secretary Carlisle.
SENTIMENT OF CONGRESSMAN
Holman, Jerry Simpson and Others
Oppose Borrowing Money,
While Wilson, Dingley and Tracey APP
prove Carlisle's Action-Text of Mr..
Bailey's mo Authority" Resolution.

WASHINGTON, Jan. 1S.-Now that Score
tary Carlisle has taken action on the bond
question there is feeling of relief among
the treasury officials who have been view
ing with uneasiness the invading OF the
gold reserve. Printing will be pushed rapid
ly. but the bonds can hardly be ready Tor
delivery before Feb. l. They will bear In
terest from that date. as announced by Sec
rotary Carlisle. Among the large crowd OF
callers waiting to see Secretary Carlisle to-
day was a New Yorker. who had come TO
announce personally, that he was willing to
take the whole $5OOO0.OO0 in bonds TO be is
sued. A request for his name was refused.
The aggregate amount of offers received be-
fore the circular was issued is so, 900.
All the offers so far made it is said at the
Treasury Department, have come from per-
sons and firms in New York city. One Of
fer to take 100000 at s1.1S has been re-
ceived
1t was announced at the Treasury De-
partment tonight that Secretary Carlisle
would decline to make public the names
of the persons offering to take bonds. the
amount they subscribed for or the figures
thew offered for them. To make public the
figures, it was pointed out, would give late
bidders an opportunity to offer better terms
1t was said unofficially however, that the
s50.O0000O offer was at the minimum pre-
MUM Of s117,22S. There is said to be no
likelihood Of the acceptance of this any
similar offer. it is contrary TO the Secre-
tarv's desire to make the loan a popular
one. to which the public generally may sub
scribe. On this theory it is proposed TO en-
courage offers for small lots from all sec
tons OF the country rather than to have
the entire loan taken by few dealers in
large blocks. The idea naturally includes
the hope that the small denominations be
taken In preference to the larger ones.
THIS OF course. would involve the issue of
a great many more bonds.
1t is believed at the Treasury Department
from orders already received. that the total
and that the price will reach $780, making
the bond practically bear but 2l9 per cent
interest. The issue for the present will be
$1,000 of coupon bonds, and $50, 500, s., 900
and Sl0,OO0 of registered bonds. In case it is
deemed advisable. arrangements will be
made for $500 coupon and 5000 registered
bonds. The plates for the new bonds were
made at the Bureau of Engraving and
Printing last spring by order of ex-SecretaIy
Foster, in anticipation of an issue of bonds
during his administration, but the plan for
their issue was finally disapproved by Fresi-
dent Harrison.
The new issue of bonds will be sold only
for gold. Official returns made to Controller
Eckels by national banks on Dec. 10, last
city alone hold more gold than the treasury
Of the United States; or, rather than 1T con-
tainS free gold.' In the figures given gold
certificates are included in the gold. The
returns in the principal cities show: New
York, SS3,OO0,0OO; Baltimore 900; Brook
Ign, $3.50, 900; Washington, ID. c., 900; Gin
cinnati, $l,2OOOO0; New Orleans, $3.50 900; St.
Louis, 81, 900; Kansas City, 81 O91, OOO Bos-
ton, $4,000 600; Chicago, SO, 600; Philadel-
phia, 81, 100000; Louisville $39O,OOO San Fran
cisco, 81, 1886. 900; Milwaukee, $500, 900.
Treasury officials, who have taken the
trouble TO search the records, call attention
Walker tariff in 1857, revenues declined and
number Of loans and bond issues were
made to keep up current expenses and pay
maturing bonds.
A report reached the Capitol to-day that
the United States Supreme Court had en-
Joined the issue of bonds as proposed by
Secretary Carlisle Clerk Mckinney, of the
court, when informed of it, said: ITS a
fake, pure and simple. There is not even a
shadow Of basis for such story"