Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1894-01-19
THE NEW BOND PLAN
No Difficulty in Securing
Money,
COMMENTING ON CARLISLE.
His Actions Approved by Some While Others
lust as Heartily Denounce II.

WASHINGTON, Jan. 10. 1t was an
nounced at the treasury department last
evening that Secretary Carlisle would de-
cline to make public the names Of the per-
sons Offering to take bonds, the amouns
they subscribed or the figure they offered.
To make public the figures, 1t was pointed
out, would give late bidders an oppor-
tunity to offer better terms than those
offered by the earlier bidders.
1t was said, however, that a New Yorker
had offered TO take the whole s50, 900, 900 at
the minimum premium of sll7.223. There
Ia said to be no likelihood Of the accept
ance Of this or any similar offer, as it Is
contrary to the secretary's desire to make
the loan popular one to which the pub
lie generally may subscribe.
1t is believed at the treasury depart
ment, from orders already received, that
the total offering will aggregate nearly
600, 600, 900 and that the price will reach
tl20, making the bond practically bear
but i-2 per cent interest.
The issue for the present will be con-
fined to denominations of $50, 500 and
$1,000 of coupon bonds, and $50, 500, $1,000,
and 10000 of registered bonds.
There is a feeling Of relief among the
treasury officials who have been viewing
with uneasiness the invading of the gold
reserve.
The aggregate amount Of offers received
before the circular was issued was 90, 900, :
900. One offer to take 100000 at lis was
received yesterday.
How 1t IL Viewed.
Among members of the house, COM
ment on the secretary's action varies
greatly. The leading members of the
Judiciary committee are disposed to criti-
else the secretary In view of the fact that
the senate has before II resolution de-
signed to prevent the issue Of bonds. Such
well known anti-silver men as General
Tracy and Messrs Raynor and Harter
heartily approve of the secretary's course.
Representative Holman Of Indiana
takes a decided position against the bond
issue. ''It is absolutely certain" said he,
'that this government can get along
without dollars increase Of bonded In
debtedness. 1t can be done by reducing
expenditures and by the additional rev.
enue derived from the pending tariff bill.
In my opinion no party In time Of peace
can successfully urge before the people
IN increase of the national debt and Of
our bonded indebtedness"
Representative Dingley Of Maine said:
81 have no doubt that the act Of 1875
gives absolute authority to the secretary
to issue and sell bonds for the purpose Of
maintaining the gold redemption fund.
l doubt, however, whether thas act, prop
srly construed, gives the secretary power
to issue and sell bonds to pay the current
expenses of the government. 1t seems to
me that to accomplish the latter object 1t
would be necessary to obtain additional
legislation"
Representative Jerry Simpson said, "It
is an internal outrage and insxcusable.
There is no reason why the administra-
tion cannot tide over any embarrassment
in the matter Of revenue and expenditure
without paying interest on the loan.
Howi By issuing greenbaoks, the same
as was done in war times"