The sun. [volume] (New York [N.Y.]) 1833-1916, 1894-01-22
QUAY ON THE BOND ISSUE
He Says Things About ths Administr.tio
aud Its Responsibility.

aud It. Responsibility.
PrrTsDuRGH. Jan. 21.-A reporter called upon
Senator Quay at his home In Beaver to-day to
get his views on Secretary Carlisle's pro-
posed issue Of $50o00o00 bonds 81
do not favor legislation for the Issue
OF bonds to relieve the Treasury" said
the Senator. and I believe any that
may be issued without absolute authority
OF law should be repudisted. There should be
offered on Feb. 81 know that the securities go
out under . cloud and that their redemp tion
will be an important political issue in the
future
TO recruit the revenue and resstabllsh the
gold reserve (which Is an idea not provided for
By lsw) It is only necessary that tho Admins
tration whistle of It's dogs and announce to
the country that the tariff is to be let alone
Had the Treasury Department withheld the
Wilson bill. and asked Congress for authority
to issue bonds. It would pretty certainly
have been granted. But subordinatlng every
other public measure to immediate action for
tho Commercial interests OF its British friends.
the Wilson Legislation was set first and is be;
power and Influence upon many members
Of Congress whose convictions and con-
stituencies are against, IT. The Admins:
asiGs which H ha ioGdS ssroysd tfad. oresa
and domestic. and gravely diminished the
receipts have fallen len OF 4 because io6bers IN
foreign goods cannot safely buy and import at
Is certain TO follow S the PasssSs 81 the ns%
revenue measure The falling of In domestic
revenue Is due to the recently enforced penury
Having By Its own action produced this
financial status; the AdmlnlstIation an nounces
sns gsS the dscisne s9 bs at least
IT, G Of sss tor ys Fer Of r..
consequences Of its financial treason;
The hepu6lienn party Is not called upon by
lief; The line should be drawn at the repeal
q the sherman bill 1t is as though a bpTly
a steel trap II would be Christianity TO relieve
him hin put you would Try TO get the other hand
The Naturalization has but to loosen the
death grip It has taken upon the throats OF
will be restored, the gold reserve will resstab-
lish itself and the revenue will be all suff1cent
scourGed at every Legislative whipping post
and by every Republican vote In Congress.
repealed and Abandoned. to issue Gonds for
the purpose OF redeeming legal tenders at the
the, purposes Aforesaid Of the act OF 1875, but
Government. there being large and growing
deficiency Of revenue. created BY the prosseu.
presence of a great national distress.
II the Secretary OF the Treasury on the
first proximo can secure his 1000. 200 to re-
sstA blish his gold reserve. he can then again
use his gold reserve TO detray current exp enses.
and the process OF recruiting the gold reserve
by fresh issues OF bonds and reducing II by
the ordinary expense account may 20 on ad
infinltum.
IT the Secretary has any authority to issue
bonds. II Is limited only By his nseiencs. and
ne can run the eSnPtTy ipt9 Interest bearing
lisyes our cAlAmities in some way now unfore-
seen. or the Administration changes its policy
and our revenues are restored TO the condition
in which President Cleveland found them"