St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-22
THE BOND ISSUE.

Carlisle follows the example of Cleve-
land in appealing to congress after he
has gotten things in muss.-Des
MOines Register. - t.s,
1t is plain that Mr.. Carlisle has not,
allowed the conversation at the capitol
to take his mind off his bookkeeping.AAI
Washington Star.
We cannot but think that In taking
this step Mr.. Carlisle has made a graves
mistake, both from financial and FROM
aid.
Secretary Carlisle's bond scheme
would go better If it we're possible to
make the Democracy give bond for de!
cent financial behavior.-Philadelp
Inquirer. "a
Popular loan bonds are bound to be
popular. The masses in this country
should have chance to attest theif
faith in its integrity and RESOURCES
New York Telegram.
Mr.. Carlisle appears to be able to legl
islate much more rapidly than congress.
Nevertheless, congress should act as
promptly as possible on the Wilson bill.
Atlanta Constitution. ~
This call may carry the government
over the immediate eXigency, but if
congress still haltS in the work of reha-
Utilization the immediate call will serve
as precedent for others.-Brooklyn
Eagle.
If The people at large are debarred
from the advantages and security of the
new bond issue they can justly charge
up the exclusion to the distracted
Democratic party in wer.-Boston
Traveller.
IL is not too late to save the credit of
the treasury. 1t will be saved; but it
should have been fortified beyond all
contingency of disaster much earlier in
the history of the ADMINISTRATION
Washington Post.
If Secretary Carlisle waited for con-
gress 10 act before deciding to issue
bonds he would be apt to wait until the
expiration of his term of office, and
then retire with bigger deficit than
ever.-Omaha Bee.
Mr.. Carlisle thinks that he can sell the
new bond issue at 120, and we shouldn't
be surprised il he was right. Uncle
Sans credit is frst-class. particularly
with the people who live on his big
place. Boston Globe.
Secretary Carlisle, finding that con-
gress Is not disposed to help him in
maintaining the necessary gold reserve,
very sane and satisfactory determine
tion.-PhiladelphIa Record.
Mr.. Carlisle is going on to make the
loan under existing laws, notwithstand-
ing the fact that his authority to apply
the proceeds to current expenses is seri-
ously questioned by high authority
Plttsburg Commercial Gazette.
The fifty millions of bonds will bring
III sufficient not merely to restore the
balance i'll the treasury but to meet the
probable requirements of the year, and
with the completion of the legislation
| of the session there will be no further
trouble.-Philadelp Times.
There is no doubt entertained that the
bonds can be sold on the terms proposed.
The secretary would not enter upon the
experiment unless he had received as
surances from bankers and tinanciers
that the loan could be successfully
misunderstanding Commercial Gazette.
That all issue of bonds under the law
of 1875 is constitutional has been widely
doubted. 1t is held to be violation of
the act, at least in spirit. However,
both Attorney General Miller, of tue
Harrison administration, and Attorney
General Olney have held that such an
issue is permISsibie.-Alb Evening
Journal.