The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1894-01-19

Guo 10 It4uko
tho Loan a Popular Onc-Believed
That tho Price VIII Run Up to 12O.
Opposition to tho Issue Among
NJ eInbers of fCongress-OpinionT That
the Secretary Has Exceeded the
Authority Granted Him by the Re-
sum ption Act of 1876.
M WAsH1NGToH. D. c., Jan. 18.-Now
;8that Secretary Carlisle has taken action
on the bond question there is a feeling
of relief among the treasury officials
Who have been viewing with uneasi-
ness the invading OF the gold reserve.
Printing will be pushed rapidly, but the
bonds can hardly be ready for delivery
Before February 1st. They will bear
Interest from that time as announced
by Secretary Carlisle. Among the
large crowd waiting to see Secretary
carlisle to-day was New Yorker who
sflad come to announce personally that
be was willing to take the whole $780,
900, 600 in bonds to be issued. a re-
quest for his name was refused.
as8 Tho aggregate amount of offers re-
ceiyed before the circular was Issued
is O,OO0, 900. All the offers go far
made, it is said at the treasury depart
sincnt, have come from persons and
sfirms in New York city. One offer to
take 100000 at 11S has been received.
1t was announced at the treasury de-
partment tonight that Secretary Car
iisle would decline to make public the
names OF the persons Offering to take
bonds, the amount they subscribed for,
IfS1,., Il ft,rnr
10 make public the figures, 1T was
out, would give late bidders an
opportunity to offer better terms than
ss1hose offered by the earlier bidders.
WANTS IT TO BE POPULAR.
l3s 1t was said unofficialy, however, that
sthe S5O,OOO,OOO offer was at the mini
mum premium of 117.223. There
SIS said to be no likelihood of the accept
Nance OF this or any similar offer, asit$is
CONTRARY to the secretarys desire
sto make the loan popular one to
(which the public generally may sub
scribe. On this theory it ia proposed
ito encourage offers for small lots from
Rall sections of the country rather than
Ito have the entire loan taken by few
Dealers in large blocks. The idea nat
be taken in preference
TO the larger ones. This of course
would involve theHissue of great many
smore bonds.
1t is believed at the treasury depart
1nent from orders already received that
the total offering will aggregate nearly
$500, 600, 900, and that the price will reach
"a 20, making the bond practically bear
Shut % per cent interest
The issue for the present will be con-
fined to denominations of $50, S1O0 and
81, 900 of coupon bonds, and of $50, 500,
IS, 900 and $4,000 of registered bonds.
In case it is deemed advisable arrange
ments will be mado for $500 coupon and
So 900 registered bonds.
E The plates for the new bonds were
made at the bureau of engraving and
Secretary Foster in anticipation OF an
issue OF bonds during his administra-
ton, but tho plan for their issue was
Finally disapproved by President Har-
Is rison.
DISTRIBUTION OF GOLD.
The new isaue of bonds will be sold
only for gold. Official returns made to
Comptroller Ecllles by national banks
on Decem Der 10th last chow that the
national banks of New York city alone
hold moro gold than the treasury of the
8 United States, or rather that it contains
free gold" In the figures given gold
certificates are included in the gold.
Tho returns in the principal cities
New York, sss,ooo,ooo; Baltimore,
5 S1,979, 600; Brooklyn, S450,000; Wash
4 ington. d. O., 100000; Cincinnati, ST.
100000; New Orleans, $3.50, 900; St.
Louis, 50, 100000; Kansas City, S1,o15,-
q 600; Boston, S9,200,000; Chicago, S19.-
& 100000; Philadelphia, S2.700,000i Louis
B vile, $500 900; San Francisco, 81, 1885,
B 600; Milwaukee. 100000.
Treasury officials who have taken the
8 trouble to search the records call atten-
S tion to the fact that during the PEN
dency of the Walker tariff in 1857, reve-
3 nues declined and q number of loans
g and bond issues were made to keep up
current expenses and pay maturing
s bonds.
a report reached the capitol to-day
that the United States supreme court
s. had enjoined the issue of bonds as pro-
5 posed by Secretary Carlisle. Clerk Nc
J = Kenney, OF the court. when informed of
4 it, said: 1T is fake, pure ald simple.
THERE'S not even q shadow OF basis for
Z such story.
GREAT INTEREST TAKEN. a
Secretary Carlisle's proposed sale of
S bonds has attracted widespread interest
in compassionate circles. Among mem
bers of the house comment on the sec
ratarv's action varies greatly. The
leading members of the Judiciary COM
rnitteel are disposed to criticise the sec
retarv's action, in view OF the fact that
{ the senate has before it resolution de-
signed to prevent the issue of bonds.
81 This opinion is largely confined, how.
ever, to menEwh are identif with
S the silver movement. Such well known
anti-silVer men as General Tracey and
b Messrs. Raynor and Harter heartily APP
prove Of the secretary's course.
THESBoND ISSUE.
Secretary Exceeds his Authority.
WAsHISG D. g. Jan. 1s.--The
sub:com mittee@ Of the judiciary com;