The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-01-09


CARLISLE AND THE BAsKs.
r has been generally reported by
wassssngnton City correspondents zhat
ar. Cleveland had BEEN requested by
New York bankers to dispense wiki
the ssrvices OF Secretary Carlisle as
SOON as possible. In one caxe Mr. J.
Pserponx Morgan was mentioned AZ the
bexarsr Of the request. but that gentle
man pronEfiy densed the soft Impeach-
fnegF There Is, however. q good deaa
OF evidence 20 surpxx the accuracy Of
tlss reposs. TIE special correspondent
of Tire Chicago HeraId--we,oSe letters.
IL not bearing administrative snspara-
ton are CERTAINTY devoted tn greze MEAS
IRE to apologies for and explanations Of
the Cleveland polIcy-treats the snaftsr
as a fact ard enters into . detailed
sfetesnent why the request was nsade
and the reasons for ITS refusal.
According to this correspondence Mr..
Cleveland was very angry at the de-
mand for Mr.. Chrsss1e,s official decapi-
tatson. 'sTile president locks upon tE,e
demand" he writes. 'sas a. personal af-
front to himself" sosisoqn1xing thus:
Am not responsible Tor whatever Mr..
CarIsse doesy Are not his acts my
actsg The New York people might as
well ask me to dismiss myself" The
cause OF the alleged friction between
Mr.. Carlisle and the bank. Is said to
be the refusal % the secretary TO aisow
the bankers a commission for placing
the kan OF February last. When the
second loan was floa1ed the personal in
convention of the president was neces-
sary to mozl.fy the offended bankers.
Now they come forward and assert
that Carlisle gave them certain implied
pfsrnIses as 10 the future II they would
take hold OF this second lean. the glst
OF which was that ne world not do
anything that would cndanger the suc-
cess OF their speculation IN the bonds.
This Is fatty denied by Mr.. Carlisle.
who rays the trouble all arose out OF
the i'll success Of the syndicate in sell
Ing out their holdings at the a.msitapated
profit
1t IL a presty mess all around. The
one prospect which stands out boldly
Is that smother bond issue will soan be
imasszent. The currency bill which re-
ceived the endorsement OF the Dearo-
cratic caucus yesterday would, IL 1t
We're even row a fun fiedged statute,
have no apprecfabse effect upon the
present situation or immediate pros
poets OF the gold reserve 1t can only
be repienashed by surplus revenues or
bond sales. The first is impossible, the
latter therefore imperative. It is said
that in event OF failure OF the currency
bill. the president has in reserve two
propositions. One h, that authority be
granted for the issue OF h hong term.
low interest bond for retirement of
legal tenders. with a provision that viii
enable national banks 10 issue circaaIa-
ton in lieu of tire retired notes. The
other IS % amend the act under which
the two last bond issues were made by
giving the secretary OF the treasury au-
1fS4A%s ~ kf&1s2C t<iG l&1lC4t& ttl<s
geld IS deposited In the treasury. The
object OF this amendment is to naciA-
tate the sale of bonds abroad. the ex-
pianstlos1 being made THAI British an
vestors VIII not deposit go.d before the
bonds are issued. as she present law
requires.
II is very evident not only that an
other bond issue Is neariy due. but that
the president and Secretary Carlisle are
aparehersise that IL VIII not be ficsssesi
with the same facility as previous
Issues. owing srnaaaiy to the friction be-
tween the secretary and the New York
bankers. Far this reason facilities are
sought whereby the issue may be sod
abroad. II IS claimed asri doubtless
truly that the credit OF the government
is such that under proper regulations
Tor payment there is no doubt that all
the bands which the government cared
70 issae would ind ready sale a. psa,es
equal Il not exceeding sisose obtained
for the sioo. coo 600 already marketed.
With asl Tire talk. however. Ii Is an omen
question whether the alleged war he
tween Wall street ard the axtsnfaissra-
ton Is not a hid fcw Democratic unity
IN action on the pending currency ban,
In otsser WORKS scare and bluff for
hslxtsEg PURPOSES. Tho president has
II Win be sss;sacnlheved. a record In sha.
respect, on both the sherman repeal
act and the Haycsneyer hill.