The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1895-02-08
NO BOND SALE
Until Congress Acts On clevcland's s
Recommendation.
" the Springer Bui Is Defeated Thursday "A
Bond Issue WIN be Announced as soon
as the Secretary of the Treasury
Can Prepare His Circular.


WAsmNaroN, Feb. 4.-From Official
sources II was learned Sunday night
that no bond sale will be announced
until after congress has been given an
opportunity 70 act on the recommenda-
ton Of the presidents message The
house will vote on the Springer bill
on Thursday II the hill is defeated a
bond issue will be announced as soon
as the secretary Of the treasury can
prepare bis circular II, by any chance,
the bill should pass the house, the pos
sibility Of its success IN the senate will
be considered IN the cabinet meeting
Friday, and unless there are some
changes in the situation the order will
be promulgated then
The administration delays action be-
cause 1t does not wish 10 give its critics
IN congress an opportunity TO charge
that, Ia is cagcrness 20 sell bonds and
recoup the gold reserve, It could not
wait To see whether congress was going
TO take any action on the presidents
recommendation.
Assistant Secretary Curtis ascertain
ed IN New York that within three days
after the appearance Of bond circular
Gu issue OF sl01,0l0. 900 four per cent.
bonds would be taken up On the
UNDER landing that a bond sale is Ger.
tain, the gold exporters Of New York
have practically agreed not to
conuinne their raid On the reserve,
ltis believed that the government will
FIX thc term - the bond at Julyl, 1907,
when the four per ecuts outstanding
viii mature. instead di fcr term df
thirty ycdrs The period % the bonds
however hasuut been definitely deter
mined.
Tie only prominent democrat In
congress who still believes that the
administration may avoid a bond issue
IS the eyer-aanguinc Springer The
Illinois man IS confident even now that
decentralization scheme win weather
congress, aud within twenty-four hours
be has declared that the secretary Of
treasury has not made up his mind to
a.Saie Of bonds Springer s. not in the
ndminiS'ratlon's confidence and ncith-
er, the president nor the secretary Of
the treasury cousuits with him any
mere than IS absolutely necessary for
the conduct Of business in the house.
His suppositions with reference TO the
pnl1ef OF Vac administration are as eT-
raifc and mprnhIo!e us his attempts at
ias'.sanii!E legislation have thus far
been unsuccessful
Ihe administration project viii have
an inning ~ the hoase THIS week The
powers that be have assigned Tuesday,
NedheN,iAE ana lhursaay TO consider
aNea q the biil introduced by Mr..
springer Inc discussion oi the bill
VIII nc o Maa'e o. time he chances
are very strong that twill not pass
the nouSa, aal even should q have this
g9ol fortune, Y wi'! have no future
lhere are only lwenly-iopr more
aaEa IN the iiItot the ttty-'1ird con
gFe-s aHa lAe senate Wi. not have
t'ne even 20 la.i, about finance, much
.'ss 70 90 ans tang IN the way Of ieg's-
ial.on'
There is a Possihi,itv that the silver
men ih lA' senate may MAKE some oe-
mon.trati.'1 ~ "fi.r t1 exhibit their
uhscE agalH.i tre tent cleveland for
ms eargaWiHR with foreign synai-
cate 70 NstP tae United states on
E'.l pass '' increasing INC national
bthl ms pf1cte, mas heen denounced
50 bitterly py Mr lelier and those
VINO WI, agree WIN MN that' IN their de-
lght az having ualNed an currency
legisiatiah' lheS may take tAe asgres-