New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-02-07
THE EXPECTED BOND ISSUE.
RETURN OF j. PIERPoNT MoIGAN-ATTITUDE OF
THE PRESIDENT.

RETURN OF J. PIERPONT MoIGAN-ATTlrUDE Or
THE PRESIDENT
J. Pierpont Morgan returned from Washington
yesterday and he said that he did not think the bond
issue would be made until after Congress had taken
vote on the Currency bill He said that the fres-
dent and Secretary OF the Treasury were fully awe
to the financial situation but ne woud give no III
formation about the details OF the bond issue The
general opinion in Wall Street Is that everything
has been satisfactorily arranged.
The following statement received by the New
York News Bureau in Wall Street yesterday from
Washington in regard to the bond Issue ana IL was
said TO come from the best authority:
The bond sale Is accomplished fact. rs secrecy
Is an official fiction necessary to AVOID interieIehce
from Congress. The announcement VIII De nians s, 90
soon as me already assured defeat OF tne penuds
termned In the House or Senate II the House fais
be declared on Friday. Should bond or currency
bin pass the House THURSDAY, there VIII De pue
has decided adversely on the matter Of bond legsla
ton. Thus the sale will b. proclaimed or adVe.sa
financial question the President and Secretary Car
Isle being in perfect harmony In the policy being
The Cabinet meeting Tuesday the visit Of j. Pier Ter
poni Morgan and others from New ork, anu ''T
important The subjec, OF possible sudden RAG on
no f sc S tb present
was discussed. When the day closed every arrange,
ment had been made to protect Inc a ann
placency that is only disturbed by the failure OF
Congress listen to his appeals for re!ei by lesis
gold basis Is maintained and that the caicuiations
OF the silver shall come TO naughi so iar as Us
within his power under existing law. Bona ssleS
will be resorted to whenever necessary ana never
again viii the reserve be allowed TO run so 10" az
II Is al present. unless the coming congress shoud
show encouraging. even II SLOW. signs OF agreeing In,
upon bin FOR its protection In such an event the
President might wait longer than usual
Gold to the amount Of 10000 was Withdrawn from
the Sub-Treasury yesterday. but II was not Tor ex
port The foreign exchange market was again lower
and the stock market was strong, bu Htti' Dushtss
done.
Washington. Feb G-Messrs Belmont. Morgan and
the other New-York hnanciers who have been here
for the asst few days consulting with the President
AMI Secretary Carlisle placing the contemplated
bond issue have returned to New-York; Mr. Nor,
gan IL is said offered TO place all the SlOW"r OF
bonds abroad. bu, wanted a rate or interest," "HlH
would approximate I per cent annually. lie also
wanted the whole issue. and IL quoted az SAVING
that he would only take i on the BASS spe'it,i'
Ing n is said. to issue a per cent bona running
thirty years but wishes To put them on per cen,
aorn. members OF the Administration II l. stated.
desire 10 place part Of the S00vOep per cent loan
IN this country and make the denomination or me
bonds 50 low that they may ne sho~cE'peu loi ny
the people generally. , ,.r
No information az to whether all these details
have yet been satisfactorily arranged or "hen we
issue will be- announced was forthcoming III III"
Treasury this morning. .
The description OF bond-.hether s. us or IS
to be ssued - not yet dscn.i upon ,np or hr r
years Tnere u.s. however. strong sentiment In
Congress In favor ot the shorier-;erm bond-'s for
ten years on a basis which VIII eaual per cent
Tho Treasury gold reserve ut the clos" OF business
to-day stood AZ So is?e7 The wthdrawais ior ,he
dnv and late Tuesday afternoon at New York aggre
gated sO5t57o. No general resumption OF gold WIN
drswals IL expected.