The evening times., 1895-09-17
no FURTHER BOND ISSUE
Patterson, Of Tennessee, Talks
With Secretary Carlisle.
HE SPEAKS BY THE CARD
Quotes the Secretary as Being Confi-
dent That the Revenues VIII Be
ernment, and Takes No Stock in the
Gossip Touching a Third Term.

Memphis, Tenn, Sept. l7.-Congressman
Josiah Patterson has returned from another
tour OF gold monometalism speecii-making
that carried him as far East as Saratoga,
returning by way OF Washington. He was
In the latter city last Thursday. Refer
ring to an interview with Secretary Car
Isle, the Congressman said today:
while / was in Washington l met
Secretary Carlisle, and for the first time
in several months he feels confident that
the receipts for September will equal
the expenditures, and that from now on
under the Wilson tariff. notwithstanding
the income tax has been declared unconsti-
tutional, there will be revenues sufficient
to meet the expenditures of the govern
ment."
BOND ISSUE.
what did he think about another bond
issue?''
"well, know that the Secretary of the
Treasury does not contemplate another
issue and does not believe that the ncces-
sity will arise. 1t is the policy of this ad-
ministration to maintain public credit
and the people may rest satisfied that ih-.
will be done, but the Secretary does not
contemplate that the necessity will arise,
and there is every disposition to avoid it.
AT this time the Secretary of the Treas
ury is receiving quite an amount of gold
from the interior in exchange for bills Of
small denominations which are needed
by the banks to move crops In my judg-
ment there will be no further sale Of bonds
and the revenues henceforward will be
sufficient TO meet all demands ON the Gov
ernment."
What is the feeling among the leading
Democrats as to the prospects Of the
party?"
II found everywhere a feeling of con-
fidence among Democrats, and the pre-
diction is freely made that we viii carry
the country next year"
NO THIRD TERM.
"what about the third term?"
II do not take any stock in the third
term idea. do not believe 1t has ever been
seriously considered by the President
or desired by him. Should the next Con-
gress refuse to respond to his recommended
tions for the passage of laws looking TO the
reformation of our currency system, it
might operate 10 produce Etrong sentl-
ment in the country in favor Of a third term,
but do not think, in view of American
traditions ON this subject, that it will as
sumo practical shape, or that the idea
will be seriously entertained by the Presi-
dent.
Carlisle, whitney and Morrison are
the names which l heard discussed as
candidates. The party is
not without good material for President,
but think it our first duty to settle our
differences on the financial question. that
being the only question Democrats differ
on. The only point of attack for the Re-
publicans then will be the tariff, and /
think it is evident that on that issue the
party will win.
1.-The hope of the party lies in support
Ing the present Administration. 1t is i'm
strong with the American peo-
pie, and Democrats cannot discrcdit it and
hope to win the confidence of the country"
The attitude of Congressman Patterson
is such that his statements may be re-
garded as the declaration from Admins
lration headquarters.