The sun., 1894-01-20
Is THE BOND ISSUE LEGAL?
THE QUESTION TO NE RAISED WHEN
TIE TARIFF rs our OF THE war.

Hr. Baiiry's Resolution. oue.tiouinr the
Right OF the Secretary 90 Issue Bond-
for A.y Other Purpos. Than TO Mniutain
the Cold Reserve to he Reported Favor
nbiy by the House judiciary Comu,iitee
-o1sr. Received fro-. Chicago and Other
Western Cnie--Knights OF Labor TO
| Proceed Against Carlisle In the Courts.
| WASHINGTON. Jan. 1e.-A circular letter CIV
ing detailed Information how to make bids for
the new bond Issue will be issued from the
Treasury on Monday. In the m can time offers
are being received daily. opened and properly
tabulated for future use. The new circular
! will state how. In case the Offers exceed the
| amount to be sold. the bonds will be appor-
| tioned how the question OF offers OF the same
figure, the date OF ofror being different will be
| determined and many details OF like character.
| To-day the number OF offers to buy bonds
| have been surprisingly large. Hitherto those
| offers had come from the East, but as the
| Western malls come In. Chicago and other
Western cities are heard from. Many tele-
grams are daily received announcing that
formal offers by mail to buy bonds are on the
way. Most OF tho offers come. OF course. from
banks. but many come also from individuals.
A pensloner In Ohio writes that he has accu-
mulated $1,000 and desires a safe investment.
II is stated that the bonds will be ready for
issue about Fob g.
Mr.. Low. the new designer employed by the
Bureau OF Engraving and Printing. arrived
here yesterday and began work today. lie
will touch up the old plates. which will be
used for printing the new bond issue and will
sketch new plate for printing bonds OF the
denomination OF 500, the plates of the old five
tion.
August Belmont and Coils r. Huntington
we're among those who had interviews with
Secretary Carlisle to-day. Mr.. Belmont's visit
FIRM having already made an offer to take q
large block. Mr., Huntington's visit was in re-
srS Pscs Rsosa a'etnG the bonds
Mr.. Bailey Of Texas endeavored to secure
favorable consideration in the Judiciary Com
mlttse to-day for his resolution declau&pg IL to
be the sense ofthe House that the Secretary
OF the Treasury has no authority to issue bonds
except for the redem ption OF Rreenbacks. The
purpose OF the resolution was to interfere with
the proposed bond issue. The committee held
making, a canvass that Mr. Baiieys .reso. gSe
iqIiSn m6I. has ,So maj0.ity Of one one Included
tee. Mt, Do .Armond Of. Missouri. who
s rha taken hH SsS 81 M If. fsSm Ss
20 FER as the Dem mocratic majority Is concerned,
Administration, while Mr., Ds Armond shares
colleagues. Alter some discussion 1t was de-
eided not to press vote on the question,
and so the matter went over until
the next meeting. II was concluded that
against any interru ption OF the tariff debate,
i would do no good to report a resolution at
this time. some OF the memb bers who are In
favor OF the resolution are averse to preeipi-
tating 4 fight on the bond question until the
tariff Is out OF the way. Mr.. Bailey's resoln-
tion will therefore. lie in the committee until
after the goth inst. the date upon which the
Tarin bill is to receive final consideration.
There Is little doubt that u strong sentiment
aEainu bopd asuo under the present law
exists In the House, and IL is expected that
some OF the silver advocates win bring up the
question at the earliest possible moment Mr..
silver bill early in February and to insist upon
Its consideration by the House. II he sue
oeeds lively discussion may be expected
and the bond questio as well as the general
financial policy Of the Administration. may be
the knhlact OF a lnnR hnhata