The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1894-11-30
lErom Our Regular Ccrrespondent)
LETTER.


vi course Irestuent NieVclauu
and Secretary Carlisle were pleased
to have subscriptions for more than
three times the amount Of the bond
issue submitted in answer to the
call, but they had both expected
quite as favorable a showing. II il
should be determined, as now seems
probable, that the entire issue shall
be sold to the syndicate represented
BY the United States Trust Com
pany's bid, which is on basis Of
81 8 per cent interest on the bonds,
the record for placing bonds OF 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 bid
ders get the bonds, the interest will
not exceed 3 per cent. 1t is hoped
that the gold reserve fund will be
strengthened to almost 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 demo-
cratic members of the House will
carry out their announced intention
Of attacking this bond issue remains
to be seen. They will not, if they
follow the advice Of their more con-
sentative colleagues who realize that
no possible good can come out Of
such an attack.
Democrats are doing more think
ing than talking these days, and
one of the results is a proposition
that meets with much favor among
the few democratic congressman
who have reached Washington.
This proposition is in the nature Of
suggestion to President Cleveland,
that he omit in his message to Con-
gress all financial recommendations,
except that monetary commission
be authorized by Congress, to be APP
pointed by the President, which
shall make thorough investigation
Of our entire 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-Sec-
rotary Morton and Attorney-Gen-
eral Olney,-and some influential
congressman; but as the President
and Secretary Carlisle have some
very decided ideas about what our
financial system needs, the sugges-
ton may not be adopted.
There is a probability that Capt.
Howgate, the man who defaulted
for large sum while acting as Dis
bursting 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 pun
ishment. The old indictmen mt 81
against him are faulty-and so far
search for the papers in his case,
upon which a new indictment could
be found, has been Intellectual, and
some Of the most important wit
nesses against him are dead. 1t is
believed that the papers were pur-
posely destroyed years ago by those
Who shared in Howgate's stealing,
and since it was learned that they
we're missing the number who think
hat those sharers included officials
IF prominence at that time has
argely increased. The District At |
'orney expresses confidence that
witnesses are still at his dis
posal to make a good case against
Howgate, but that confidence is not
shared by the general public.
Chairman Sayers, Of the Housed
on Appropriations. has
70. his committee at work, in order
hat one or two Of the regular APP
bills may be ready to
'eport to the House soon after the
'eassembling Of Congress. Mr..
sayers thinks the pension bill and
he fortification bill can be put
through the House before the holi-
lays.
President Cleveland has not been
o the White House for more than
/ week, owing to a painful attack
# his old enemy, the rheumatic
yout, but it has not prevented his
Keeping at work on his message.
Col. Simmons, Collector Of Inter
nal Revenue for the Eastern district
II N. c., who is visiting Washing
on, says Of the Legislature Of that
tate and the coming election by it
II two U. s. Senators-one to fill
he unexpired term Of the late Sen
tor Vance, which runs until March
!, 1897, and the other to succeed
Ransom, whose term expires March
}, 1895. "The Democrats have ten
senators out Of fifty and in the
House forty-Rye members out Of
me hundred and twenty. The re-