The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-11-11
LOOKS LIKE BONDS
INDICATIONS POINT TO a NEW FIJI
TY MILLION ISSUE
President Cleveland Anxious to Pro-
vide in Time for What He Thinks
is Coming - Secretary Carlisle
Thinks the Emergency Less Ur-

WASHINGTON, Nov. 10-There are strong
ind icitI0Us tbat another issue of bonfs
will be- made during the coming week. Fer
some time past the conviction has been
growing upon the president that an issue
Of another $50 coo go would be necessary.
and upon his return from Buzzsrds bay he
expressed to the members of his cabiuet
his belief that the issue could not be long
delayed ana that the sooner il was made
the better. H. saw the treasury receipts
constantly growing less, with no immedi-
AZ prospects of any favorable Change.
Already the gold reserve has reached a
pO.u of $500. 900 below the loves
POINT touched previously to the last
i--ue with the probabilitie strongly Ia
favor of sill further ard large with
Crawals for export as soon a. the usual
spring outflow sets in. For the last sew
eTai years. the spring wi hdra walls for ex-
port ranged in amount from $40 O0). 90 TO
$50 900 600 aud even more, and il not
good business judgment, In the opinion OF
the president, to wait until the gold re-
serve wa IN fact wip-d ont before meas
ures should be taken to replenish it. Sec
retary Carlisle. il Is understood took a
more hopeful view of he situation. He
argued that the receipts from internal
revenue and customs must of necessity
soon snow marked Increase. The supply Of
whisky " hich was Withdrawn from bond
JUS previous to the passage OF the new
tariff act 10 avoid the payment of the
addiLiona! % cents per gallon, would Very
soon be exhausted and that the demands
OF the trade would result in largely in
creased revenues from this source. aud
what WAS true of the internal revenue was
equally true of The customs. Just brfore
the tariff act went into operation the
Withdrawal from bond OF goods of every
character This supply had now been
exhausted, or nearly So and it WAS
the confident expectation Of the
secretary that the present steady
revival OF trade would soon
remove any necessity for another issue OF
bonds. Up to this time there b d been no
sigus OF any important lthdrawais OF
gold for export and 1t was his opinion int
the emergency might be Dsssed success
fully without increasing the public debt.
He argued too, that his experience in plac-
ing thu last issue Taught him that the
issue of smother $50 600, 900 might fa,
short OF recouping tie gold reserve by that
amount. Ii Was an easy matt er TO deposit
l-gaI tenders at the sub-treasurirs and de-
maud gold with which to pay for the bonds.
This evasion of the spirit OF the law
au horZiug the issue OF the bonus was
Several times detected during the
set lemenis for the last issue and he feared
il might he practiced again. The presI-
denf, however. thought that all things
considered, he preferred not to wait until
congress reassembed in December. when
measures might be taken to Ob>truct the
issue. In his opinion the situation de-
manded the issue, and there should be no
Unnecessary delay In the matter.
At tue request of the president. Secre-
tary Carlisle joined him at Woodley this
af, eruoon, ana at late hour had not re-
turned to tue city. Persons in position
10 know, believe that The is,ue will be
officially announced before the close of
the coming week.