The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1895-02-16
THE EXPECTED ISSUE.
Cssgvsss Formally Hsssaea ~ Assthss
lssss u Dssas.

Uooeeeoe HesWotsy Uose2eo ~ ADoeooS
lessee u Bssds.
WAsHis0Tox. February II. ~ Tho
President to-day sent the following mes-
sass 70 Consress:
eInes ny rscsnt communicatioa 70
Congress calling attention 10 our imam.
cial condition. and Suggesting lsyials,ioa
which dsemsl esssniiai " 0us national
wsiisss and credit. tie anxiety and up.
prslensioa then existing 10 business car
cles have contihued.
A. . psscaation. therefore. ssainst the
failure Of timely legislative ssiion. can.
tious preparations lave bsen pending 10
employ 70 tbs bsss possible advantage
In dslsait Of better means. surh Ex~cu.
tire authority - may without additional
lsgislssiou " exercised Ios ti,s purpose
a ssiniorrlng sud maintaining in our
treasury sn nalsqnxie sud sale gvid ~
serve. In tue judgment VI tisvss ~.
p~csaily charged xith this responsibility
The business sisuAtioa 10 10 u ssisAi and
The Legislative s,tuaiivu " uupsosni siny.
with commission thus Tar On iiss part VI
COngsess " asisqaatsiy enlarge lie J,ow.
ere u the Secretary VI the treasury in
The premises. - " lure immsuiisss w.
ecuuve action with tho iAGaiities now 1t
hand.
Therefore. In pursuanos Of section
s. ~ of the revised statutes, details VI
arrangement have this day isera con.
ciujed wiih paitses AisunLAntly able 70
iainli their undertaking. wissrsby lsonds
al Lar
tho srt 0f July IL. 1875. i,syaLss In svin
thirty years sstrf their date With inter.
tesest ~ tho rate VI per cent per IN.
ann ~ ansouat u little lees than t03..
w. NO arc 10 ts issusL ivr the p0rci,ass
u gold coin amounting u . SUM slightly
in excess VI l05. ~. uiU. ~ u delivered
at the Treasury VI tiso Cs,ioL stxt~s.
shici, sum ssid-L TO tiss s0lL nos held
In our reserve. will ~ s~st In s0ci, 70.
serve ~ 10 uisks u ans0ant ~ sonis-
thing mose Than llU.UU.uU. hSch
psrnium 10 10 IN siios I'd ~ ii,c govern.
lncnI upon the Lunsis ~ y III 1x ti,s rate
Of intrsest upon the amount III guild
suAltsrd aS ; PER cwut YER snautn.
Al iesst iaii VI tbs uVid 10 ts ootsinel
10 10 bs supidiesI from atsvs,i. ~ii,si, 10
. very important aaJ favorable feature
OF tho transaction.
The privilege 10 especially reserved TO
the government TO Substitute al par
siitsin trn days from this date In lieu VI
thess 4 per crnt cosa ts,Hds other boasis
In terms payable In gold ani b~urnx
only 5 per crdt Interest. II tie issae U.
the samc ns-antime bc aaihosixrL 10y
Congress. The arrangement jass com.
plessd, which AitrS sss~iui inquiry ap.
prASs nn.l-r tbs PRESENT. circumstances
and considering al oi.t rxis J~sifs~i. TO 10
the brst sttaiasbic. deyriots sa.h di..
tesvncr In the estimat,oa VI tho Interest
trsse~a the boads ns.iu pay ble Ia coin
and tiso~~ -,p~caslly -. a''lr In gold. IN
favor ot Tho latter. ~ 10 f~rs~s~nts~i 10y
three foasshs PR cent aanuai interest,"
In The agr~~meni just concluded the
annual sssiss ., interest Ia the govern.
men, " the 3 Ter c~n, esii lsDu.ls si.siiL
10 sat,.titair.i fos Z yer crn, ioads
unsics the privilege t~s~,c~l. ~oald leo
lhs9. iSY. aioou ating Ia thirty wears. or
~ ma,ursty VI the coin b,sis. Ia tid..
l7S.Su. Ui sysussx there never shoaiJ
ir loabt In any quarter ~ 10 the 10.
government, which arc made payable -
ss,sa. Jis~s~iots Tie d,@ss,usiaatiou IN
tie iadv n,~at vi Investors t~t~re oue
bHstsb NHSoS tsse "N IS N~-"s
aud ti,os~ sJ~ssisaily n,ais isysbir IN
gol,i 10 very s,snitisast. IL 10 hardly n,c.
cs.asy to suyyvst that whatever may 10
| our views on ti.s sabirct. the sen,in'rais
or preferences u iis.~e With whom 80
mu.t nsrfv,iat~ In distrpsiaS u our iscn'ts
tos GOLD sfv not sal'tsx.t 10 Vur data, o /.
have only Ia s.,.i thas 10 my opi...,s
the transaction tscsein ,astniatrsi ,or the
information VI Congress psVniis~s better
Srsul,s ,issn efforts Ps~vsvusiy made In
this di' csi,on. EFFECTIVELY s,isiinH 10 our
gold rr.esvs ,hroaeh tbc sale Vi lond..
aud l,riiese Il ~,Ii tend. ~ lar ~ snch
action can In Tie pr~svnt circumstance.
to tn~vt ,i,s deter initiation e. ptessesi In
the las rrl.caiipg the silver l,arrlsasin.
clause o, the act Of July II. is90; at'l
that In Tie language VI sh'h rp~aiinx
act, "thc arrangement male gill s,i In
| our efforts 10 seSute the maintenance Of
| parity In the value Of coins Of the 'wo
metals and In the equal power ot very
, dollar ~ all urnrs In tie market aui In
tie pay menl vi debts"