The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1894-01-29
cARLIsLE's PLEA.
He Says the Validity of the Bond Issue is
Not Questioned.

New York, January 2S.-Secretary
Carlisle tonight made the following
statement: ut has been enormously
published in some newspapers that
the committee on judiciary of the House
of Representatives has agreed to and re-
ported resolution denying the authority
of the Secretary of the Treasury to issue
bonds as proposed in his recenJ circular.
These publications have evidently made
an unfavorable impression upon the minds
OF some who contemplated making bid
for these securities. The only resolution
IN relation to this subject that has been
before the committee is as follows: Re
solved: That it is the sense of the House
OF Representatives that the Secretary of
the treasury has no authority under ex-
lsting law to issue and sell bonds of the
United States except as conferred upon
him by the act approved January IS,
1875, entitled an act to provide or the
resumption to specie payments and that
money derived from the sale of bonds
issued under that act cannot be lawfully
applied to any purposes except those
specified therein It will be Seen that
this resolution assumes that authority to
issue bonds was conferred upon the Sec
rotary of the Treasury by the act of
January IA, 1875, and such authority
still exists but it asserts the proceeds of
the bonds cannot be lawfully used except
Tor the purposes of resumption. The
official stenographic reports of the pro-
ceedings in the committee when the
Secretary of the Treasury appeared before
it late Thursday shows that his authori-
ty to issue bonds was not questioned by
any mem bers, the only question being
whether ha PnIl1d thn Yrooaadc for
any other purpose than the redemption
OF United States notes. Mr.. Bailey, the
author OF the resolution, acknowledged
the existence of authority. Addressing
the Secretary Mr.. Bailey said: The reso.
luton does not impeach your right to
Issuesbonds. 1t expressly recognizes it but
questions your right to apply the pro-
specified in the act The judiciary COM
mittee of the House examined and re-
ported upon the same question during
the 52nd Congress and it then conceded
that authority existed under the act of
1875. The question AS to the authority
of the Secretary of the Treasury to issue
money in any particular manner or for
any particular purpose, is wholly dis
tinct from the question as to his authori-
ty to issue bonds. No matter what he
may do with the money, the validity of
the bonds can not be affected and there
fore there is n oreason why anyone should
hesitate to invest in these securities on
the ground that the proceeds might
possibly be used for other than redemp-
tion purpose.
The Suit Against the Bond Issue.
. Washington, January 2S-Very material
notifications will be made in the
Knights of Labor petition for an in
junction against the issue of bonds by
SnRrQtlrU 1icIn yr,1nv ,r
in court tomorrow. The attorneys were
at work upon it until after midnight last
night and have been in consultation
nearly all day with Gen. Alien, who will
OPEN the argument in court at 10 a. m.
tomorrow. The petition was changed BY
joining General Secretary Hayes and Mr..
Mcguire with Grand Master Sovereign as
petitioners, and broadened and strength
ened' in many respects, especially in
technical points which, as the counsel
anticipate will make the petitioners,
right to standing in court clearer and
stronger.
Saturday in the House.
Washington, January THE event of
chief interest in the House today was the
reporting of special order providing for
thescontinuance of the tariff debate from
Monday until next Thursday. This was
for the purpose of considering the income
YAK Dill. "A SIeab many amendments
were proposed to the Wilson bill and a
few passed, but none of very great i'm
portance. The schedules considered to-
day were lumber, lead and zinc, NOR
phia. cigarettes and chemicals, and
manufactures of iron and steel.
Mr.. BaiIey's Resolution.
Washington, January 27.-The report
of the judiciary committee of the House
on Mr.. Bailey's resolution relative to the
bond issue by the Secretary of the Treas
ury was returned today with favorable
recommendation to theHouse Theresolu-
ton contains these propositions: That the
Secretary of the Treasury has no author
ity to issue and sell bonds except under
the terms of Their resumption act. That
the proceeds of.the bonds sold under that
act cannot be applied to any purpose ex-
cept snch rs are specified in it.
The Pensoin List.
Washington, January 27.-The follow
ing pensions were announced today for
Maine:
0riginal-Henry B.Dunning, Bruins
WICK, Cumberland: Frank Harrington,
Mammal L