New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-11-11
TALKING ABOUT A BOND ISSUE
SOME BANKERS THINK 1T WILL BE An
NOUNCED TOMORROW.
ASSISTANT TREASURER JORDAN IN WASHING
ToN-REPoRT THAT THE PRESIDENT
HAS NOT CONSULTED sECRE-
r,py CARLISLE

BANKERS and others In Wall Street who profess 10
have inside information from President Cleveland
saw that the contemplated issue or Government
bonds will be made tomorrow. others VINO nave
not the personal confidence or the PRESIDENT arc
reserved in their opinion about bond ISSUE anu
some are inclined to take the view that there VIII
ho no issue at all at present on the strength oil
Tho ranort Of probable bond issue the stock mar
10, daveloned a strong upward movement yesterday
and there was great confidence expressed by opera
tors in the truth of the bond issue report
Tho general opinion among bankers VINO are
friendly to the Administration is that the freS'ue"'
has determined to take a hand in the management.
of the finances of the Government, ana VIII can
AT once for a subscription to bond issue OF elther
40 Coo 900 or $780, 100000 The dispatches from Wash-
ineton bear out the report that the PRESIDENT mas
not consulted Secretary Carlisle, Tor the secretary
is quoted as saying that all talk about an ISSUE VI
bonds was premature and that there was no heces-
sy for the Government TO rep'eh'S" i'' so'' -
serve at present.
II was said yesterday that John A. stewart
president OF the United States Trust Company hau
been in Washington recently in conference with the
President, and that Friday night ne recei'e'
from the President details Of the proposed ISSUE
which he approved. Mr.. Stewart did not cohe ~
his Office yesterday. and no one at the trust COM
pany could give any Information about his cor
respondence with the President It IS Thought INA,
n the bonds issued they will be at per CENT a
Authority was given the Secretary OF the Treas @
ersss Of January a. 1875. In that year the right
was exercised also In 1872 and then not n again
until last winter Congress was urged last winter
10 authorize a short-term bond at a low rate o!
interest but the Democratic majority OF r unal
pctcnt To- deal with economic and financial legis-
iaton refused to grant the Secretary the neces-
When Congress refused to relieve the iinancial
sirngency Of the bs py So reserve was
down to s1O.63i9i5. and the Secretary Immediately
bond issue At an upset price Of li22s After con
siderable delay caused by the unpopuarIy o, 'e ne
terms of the issue by the Secretarys refusing 10
consult the New-York bankers until necessity COIL %
peed him to do So ana sy anent ,eur a was 50 SUBJ
scrihci for and the Treasury received including
the premium. $5sOoo0yO. To-day these bonds are
The gold reserve OF the Treasury is now down at
naSc last fHr anuaTv ina" Cold Exports viii begin prob
ably before Christmas and the necessity OF sPing
FOR The friends Of the President confidently as
sert that he is alive the necessity OF MAINTAIN
viii be immediate relief for the Treasury al an
early date Assistant Treasurer Conrad ~. JoIuan
he mi sson could not be learned yesterday. but
the well-informed said that it was in reference 10
the bond issue.
Washlnston. Nov lO-Conrad n. Jordan. Assist
ant United States Treasurer at New-York arrived
here unexpectedly this morning and was IN close
conference with Secretary Carlisle at the Treasury
department FOR some time. He returned TO New
|
is authority for the statement that Mr. Jordan ;
VISIT had no connection with any c9ntemP.ater mp Is :,
bond issue. Persons close to Secretary Carhsie say
that the Secretary Will not speak on the matter,
and inflmates tkat people in New-York seem 10
knox more about a contemplated bond issue, JudS-
ns, from the papers. than we do IN the treasury
! Department at Washington
| from the last bond issue the Treasury received
s2S OAOOO Of gold net and from a bond issue now,
while II would increase the Treasury's general ball
ance no one at al acquainted with Treasury finance
believes that $25oG0cO0 In net gold would be received
for so Ot1 90 In bonds. premiums included. The
Treasury general balance stands at SlS.WVD. or
which N2 IS in gold s. 10000 above the lowest
point reached last summer and Treasury officials
again SAY that they no reason now that did
not exist more emphatcaly last summer for
anc- outside OF the gold reserve is to-day sScO.cD
while ~ the time OF the last bond issue 1t was less
than 100000. IN Increase rather than a dimlnu-
ION OF reyenue is looked FOR. So far this month
In, recepts have aggregated SG0v).0O and the ex-
panlltures SllOO0cO. OF which S5.50O,OO has been
pald on account Of pensions The customs receipts
Tor the ten days OF this month reach S3.I3'pO. an
increase OF 100000 for the month. but loss for the
fiscal year To date OF 100000. as compared with
the same period OF last year. Internal revenue re-
celpts for November have aggregated $25Oo0oo. a
loss for the month. 50 far, as compared with the
ten DAYS Of November, 1893 OF {i,OoGC, but an ex-
cess for the fiscal year TO date, as compared with
the corresponding period in the fiscal year 1893 or
.5.G00o .
Intimatlons are given In unofficial way that
the President and Secretary Carlisle are not entirely
in accord as to a bond issue at this time. and II Is
said that II the issue is authorized in the present
condition OF the Treasury and the gold reserve II
will not he done Secretary Carl!sles recon-
mon udn