The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1894-11-19

interest at the rate OF per cent on the
face value of their bonds from November
LIST to the date or dates of payment. The
total issue OF bonds. in pursuance Of this
notice. will not exceed the sum Of $4,000 600.
The secretary of the treasury hereby
expressly reserves the right to reject any
or ell bids.
''AN proposals should be addressed to the
secretary OF the treasury, Washington, ID.
c, and should be distinctly marked: Pro-
posals for the purchase OF per cent bonds
BLANK forms for proposals may be had
on application to the secretary of the treas
ury. j. q. CARLISLE,
Secretary of the Treasury"
Lots of Bond Gossip.
Since the election an effort has been made
on the part of some OF his warm personal
friends to have the amount of bonds issued
only $50o00,00O more. upon the idea that part
OF the responsibility OF the issuance OF these
bonds should be borne by the republican
party. but the men who seem TO have the
matter in hard refuse to release the presi-
dent from his promise made when he needed
assistance and they demand that he shall
issue the whole amount, they fear the
republicans will be afraid to do II when they
come into power. because President Harri-
son refused point blank to issue bonds when
there was a greater necessity than there
has been since.
men here that this scheme for issuing Unit
ed States bonds is simply to keep IN power
the national banks on account of the ma
turity of bonds between now and 1896. Some
other finarCal scheme will be absolutely
necessary to carry on even the business or
i the banks. and unless they have an issue
OF bonds 10 the amount Of S200,W0,g00 greater
trouble than has occurred will happen. The
! scheme TO issue the bonds is, therefore, real
/ " TO get a basis fer national bank circula-
{ ton.
/ These bonds have, Immediately after they
get into the hands of the national banks,
4 a very greatly enhanced value. The $4,000
/ go that were issued and sold by President
Cleveland are worth considerably more now
7 than the purchasers paid the government
I fu- them. The value attaches to them a
( basis Of circulation and very large profits
are made on this class OF bonds net because
I they are intrnscally worth any more than
( any other bond, but the fact that they
, carry basis as a circulating medium they
are enhanced in value as much as % per
cent.
VIII Run II or Bust.
Cleveland is at the throtlle and he Is
: going TO run The machine has way or bust
/ IL up lie has taken the treasury depart
I ment in hand and in order TO impress the
country with the idea that the bond issue
was absolutely necessary at this immediate
( time, is having them give out statements
that the government could run lao longer
without funds derived from bonds.
Not until next spring." said one Of the
officials to-day. "wlll the receipts of the
Z government begin TO equal the expenditures.
/ In the meantime the treasury must have
cash and plenty OF il to meet its obligations.
! shall not bc surprised IL, in few months,
I the country Il again asked to subscribe 20
fresh issue OF bonds. In fact, the bonI
| question VIII continue to present itsc.f,
/ in my opinion. for considerable time yet
unless congress shall conclude 10 chang.
| our present system Of currency"
And so it goes. The Cleveland policy is on.
More bonds are TO COME again soon and
issues are 20 be made as often as excuse is
found until the national bankers wh0 have
formed a combine 70 gobble them. all have
what they want ana get their plans of cur
reuey adopted.
The People Are the Victims.
II will not be popular loan by any
means. 4 few men VIII get them all. II
is a wheel within wheel, cchtr.ved as tne
first step towards making a complete and
radical change in our currency-to bring
MS squarely 10 gold and national banh
currency-auJ IL looks like Mr. Cleveland
and his banker allies are going TO stock
the cards ana puJ his plans through wheth-
er congress VIII or M. He is using the
argument that the new JaIiG law does
not bring I'm enough revenue 10 support
the government 70 advantage. Bat he G.j
not dare wait until congress assembled
FOR he knew congress would not submit
90 another bond issu, when there is GER
tainiy TO immediate necessity for il. This
action "a The part OF the president makes
i certain that we shah see a stormy ZINE
81 IL when congress meets. +. w. l..