The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1894-11-30

From Our Regular Correspondent.

From Our Regular Correspondent.
WASHINGTON, November 26.-Of course
President Cleveland and Secretary Carlisle
were pleased to have subscription for more than
three times the amount of the bond issue sub
mitted in answer to the call, but they had both
expected quite as favorable showing. If il
should be determined us now seems probable,
that the entire issue shall De sold to the syndi-
cate represented by the United States Trust
Company's bid which is on basis Of 28 per
cent. interest on the bonds, the record for plac-
ing bonds at the lowest rate of interest will
have been broken. The matter will be settled
early this week. In any event, no matter
which of the bidders get the bonds, the interest
will not exceed per cent. 1t is hoped that the
gold reserve fund will be strengthened to al
most the total amount that will be received
from the sale of the bonds but it will be several
weeks before that can be definitely known.
Whether Democratic members of the House
will carry out their announced intention of at
lacking this bond issue remains to be seen.
They will not, if they follow the advice of their
more conservative colleagues who realize that
no possible good can come out of such an at
tack.
Democrats are doing more thinking than
talking these days, and one of the results is Il
proposition that meets with much favor among
the few Democratic Congressman who have
reached Washington. THIS proposition is i'll
the nature of a suggestion to President Cleve-
land, that he omit from his message to Congress
all financial recommendations, except that Il
monetary commission be authorized by Con
gress, to be appointed by the President which
shall make Il thorough investigation of our en-
tire financial system and report what ought to
be done. This proposition is in the interest of
party harmony and is backed by two members
of the cabinet, Secretary Morton and Attorney
General Olney, and some influential Congress
men; but us President Cleveland and Secretary
Carlisle have some very decided IDEAS about
what our financial system needs the sugges-
ton MAY not be adopted.
There is IL probability that Capt. Howgate,
the man who defaulted for Il large sum while
acting us Disbursing Officer of the Signal Ser
vice, some fourteen years ago, and who was
last summer run down and brought back to
Washington through the instrumentality of
Secretary Morton. may after all escape punish
a. ent. The old indictments against him are
faulty-many believe purposely made so by his
Republican friends-and so far search for the
papers in his case upon which new indict-
ment could be found, has been Intellectual, and
some of the most important witnesses against
him are dead. 1t is believed that the papers
were purposely destroyed years ago by those
who shared in Rowgate's stealing, and since it
was learned that they were missing the number
whothink thatthose sharers included officials of
prominence mt that time has largely increased
The District Attorney expresses confidence that
enough witnesses are still at his disposal to
make good case against Howgate, but that
confidence is not shared by the general public.
Chairman SayerS, of the House committee on
Appropriations, has got his committee at work,
in order that one or two of the regular apprO-
priation bills may be ready to report to the
House soon after the reassembling OF Congress.
Mr.. Sayers thinks the pension bill and the for
tIfication bill can be put through the House be-
fore the holidays.
President Cleveland has not been to the
White House for more than week, owing to a
painful attack of his old enemy, the rheumatic
govt, but it has not prevented his keeping at
work on his message.
The members of the sub committee of the
House Committee on Judiciary, who are charg-
ed with the duty of investigating the serious
charges made against Judge Kicks. will meet at
Cleveland, Ohio, this week. Members of the
committee who have been in Washington cx-