The Providence news. (Providence [R.I.]) 1891-1906, 1894-11-15
CALL FOR GOLD.
Principal Bids NOT Expected
to Be Received at 0nce.
Plan Fer CurrsncY Reform Said to
Have Been formulated.

psrtment. has sens larRc ru nbor of blank
torrAs fer she use OF pcrsons oos.rinx 70
make bids for the now per cent loan
These bcnds will be identical TO those
issued in February last, inclusive of date,
but will contain three tcss coupons, a. the
interest - then, begins Nov. l, instead OF
Feb. l, - la bhs oase O.. ths others.
lnAundch aa rhe uENEs will not he
finally eonddsrsa uath Nov, 81, 10 is not
likely ,hst ths yaiaeipai bids will be sub
mittsd much bsseFo that date, inasmueh
as the holders will want the advantage OF
the lstsss Information aE 20 tne state OF
the money maYsss before finally deciding
upon sha ssrms 0i ther bids,
The REQ nirsment ln Secretary Carlisle's
circular tAas bidders should pay 20 per
cent in gold coin oc zold cereiheAtes imme-
disseiy on recei Nt o. the notice OF the ac-
ceptance a. thoir biis was explained by
Assistants Secretary Curtis.
Several parties who uaado bids 80 the
time Of the last issue failed 20 make their
bids good, wsle Others who were not re.
garded ~ respenaibe made large bids,
and when ebsy were rejected made com
plants Of sheir treatment Mr.. Curtis
said that the requirement. in Tuesdays
circular was 10 set rid OF those classes OF
bidders.
1t is stated tbst bids have already been
received AZ the treasury by telegraph, but
no attention was paid TO them. All bids
received by telegraph, or otherwise than
sealed, will 30 treated az irregular, and no
attention will se paid % rhem
Phe Best Evsr Issued.
A New York dispatch says that great
satisfaction wSs expresssd in Wall street
AT tho call for bids for So, 900 United
States per cent bonds. John a. Stewart,
president OF the United states Trust com
pany, said the circular asking for bids was
the best aver issued by tho government.
'It protects tho government" said Mr..
Stewart. 'st every possible point Thore
is no doubt as so the success ~ the loan.
The bonds vii all be taken and paid for
in gold. ard tsc government Will not nave
10 say q esnb more than 3psr cent Tor the
mousy"
The New York Tiries, in its Washing
ton special, announces that the president
has forrnulstsd plan for currency reform
whxh he will submit to the country in his
next annual message. The Times says:
Much OF the cnrrencY NOW in -nsn- WAS
created by wal legislation, and much OF
the remainder is affected by fallacies
growing out Of conditions born during
that period. The president is convinced
that n system built when abnormal in
fluencss were st work became no moro de-
fensible when the effects OF tho war hnd
been overcome than were tariff rates seefn-
posed during the sam, period OF emeryen
cies.
"This conclusion has not been hastily
reached les announcement will ba made
at this tinac, because IL ought to he con-
sidcnsa when no other great subject
presses upon tie sttcr tion Of the people
With the silver craze qulsted, tariff agi-
tssion cut Of the way, the treasury gold
rcplsnishsd. and general business activity
and confidence restores, the time is ripe,
the praai2,n6 thinks, - SOB another i'm
portant reform in r-oe1n
THE intention ~ 3r Cleveland IS to
lay before con yress 80 rs next ssssicn vcrt
full recommendation regarding the cur
rancy 1t viii b remembered that a.
urged the study OF .hts suhiecs by a prop
erly constituted body Ia his previous mes.
ssses In the absence et action by con
gress, Mr. Cleveland has canCl ndea to state
the result of his own study, which has
been thorough.
"rhe essential objective point of the
measures hs will present in an abso-
lutsly safe currency, Independent of bhc
fuctusttng setisn OF congress, meeting
the actual needs of business as they may
increase or diminish. For tho considera
tion and attainment of this end the resto-
ration OF tho seld reserve is an important,
an indispensable. preparation, and for this
bs has provided "
Cleveland Dsriss Run,or.
The attention OF che president was
called yesterday 10 tho statement con.
tanned In certain newspapers 10 the effect
that there had been a disagreement be.
tween him and Mr.. CArlisle In regard %
tho issue ef bonds and other matters, aud
Ia faAirnss4nr thst sttch tt.sr rrUUugnt nT1ghU
result in the ssorstary's retirement from
the cabinet.
The president emphstically denied the
entire "batsh Of silly misstatsmants, ami
said: Never sis0c ouT association together
has there been tho sii.htsst unpleasant.
ness or diRerSEo os ceaceFniug sho aAairS of
the trensury department. or any oohsr mat
ter. l have every reason 10 believe that
his attachment 70 rae ia az sineers and a.
groat as mine is for him. | should b.
much afflicted II arYthing should oause
him 10 entertain the thought OF glvinc
mp his pcsitioa when he is doing 50 muol
for his country We have agreed exactl,
as to the Issue OF bonds, and there has
heen no bsckwsrsness on his part on that
subject
IL SEQ 10 is said that l am formulating
financial scheme. If such scheme is pr.
sented it will be the work ~ tho sccrethi,
OF tho treasury, and | shall endorse an
support It, The trouble soons 70 be tina
those charged with the executive duties q.
the government do not appear willing
all times TO take council Of the new.
papers and make public all they intend b.
do"
More Scnnial.