Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-02-14
THE BONDS ALL THE TALK.
A Call for the Contract With the
Bankers.
WILSON PUTS IT IN HIS REPORT,
Setting Forth the Full Text OF the Bar
gain With Bankers.
WILSON, PUTS IT IN HIS REPORT,
Bryan WIN Probably Draft the ITO
port for the Minority of the Ways
and Means Committee-Disoussi
of the Postal Car Proposition.


WIN "a spin WL,N,, 'ission OF the
financial question ": " m turned its
attention to the pos w ". nropriation
bill and spent the n, IN, day on
the proposition to have GO 1ment
own railway postal cars. y
MIR. Villas. Democrat, OF ,isconsin,
brought ON the financial discussion. by
offering.a bill granting to the president
the authority. he had requested In his
recent message, for issuing per cent
bonds payable in gold.
Mr.. Sherman offered substitute
to the silver bill reported yesterday,
providing for gold bonds and temper
AIRY gold certificates.
The two Colorado senators, Mr.. Teller
and MIR Wolcott. called attention to
the fact that the syndicate OF bankers
who had secured control of these bonds
were now marketing them in London
at 1l2 1-2, making net profit of eight
per cent at the outset. The debate
brought out frequent references TO the
contract between the tresury depart
ment and the bankers, and as result.
Mr. Aldrich, OF Rhode Island, offered
u resolution calling on the president for
copy of the contract
1t was agreed TO take the vote on the
pending amendments, as to the railway
postal service, at o'clock tomorrow.
The senate agreed to this house reso-
luton. extending the time for making
returns ON the income tax to April Is
next.
A financial bill on the lines of the
presidents last message TO congress
was presented to the senate today by
Mr.. Villas Democrat, of Wisconsin, Its
reading was followed with much inter
est and it brought out brief but
spirited debate.
The measure Is entitled n bill ITO
save the American people Sl6,lA,UO'
1t recites the presidents staienent thnt
he had agreed to the issue et S62, 4OO,OOO
OF bonds, payable In colin at an inter
est equivalent to . 3-4 per cent but had
retained the right to issue bonds paya-
BILE in gold at per cent II congress
granted the authority. The bill states
that the difference In interest amounts
to $685. 1853 per year or Sl6.li477O IN the
thirty years during which the bonds
I will run. II Is provided that the sec
. rotary OF the treasury SHAH be author
,pirtv wears The bonds nle to he used
, In rcdceming legal tenders and are to
be exempt from taxation.
E Mr. Hoar, Republican, of Massa'
chusetts, rose as soon as the bin CLOSED
: ..yv,i the srnoinr tell us as to authorl
,,' f,,.>f be Great sayings no sets forth
: M 80 no nprsous with whom thi,
y rra,,"a,nent Tor buying bonds have
bnen made. Where Is the contract
ve ourbt TO be fully informed"
81 am not the keeper OF executive
{ documents" replied Mr. Villas "Thi
n ar,stdont has given MS his Views in hi.
p ~ u,.ua,.t '''''
: aRnt" assisted Mr.. Hoar 1--WE shoul(
e 80 Sat,ns we have only a statemen
! 81 c.rtaIn facts and conclusions by III,
/ nresIdnnt hut there is an entire absence
. OF details"
- ,a,,a,ar" aair Mr.. Villas.
!, Jill . ,yn1,,,,i ponuhlicnn M Colorado
d w. 80, INN 10 tho discussion.
r s.,,r,a ,norning reports tel us" sail
no "that these bonds are being takel
h,tondon at 112 l-2 and by this mean
the syndicate OF Jewish bankers VIII
a -, ~ ,ni,nn bonds are netting a profi
- nay e"" oart
20 OF pS Was said this was an addltiona
y ra e,tSoriyed
=. w Mr.. Teller said the president ha
r. r. liver, mg, no '[ details as TO the contrac
N Vim bankers. The ways and mean
Re committee OF the house had been en-, Try Iy
ing 70 Bet ne ~, M, names Of ali the partie
found ,s 3ut ' In the bond contract. !
i gavS ponibs ago our bonds sold easil
tx no IT. moi be- possible. said Mr., Telei
At t tSat the he utter lack OF tact of n
tx treasury department had forced up IN
a rate OF ihts az i,tcyest when the las
cent to : ,S S,i ,n superior to the form,
bond bonds are t lnuU" bonds were selling
such f mar eredIt Of The United state
s snd not be been n SO disastrously impaire
as the president preside. sought to make IN