New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-30
A BOND ISSUE NEXT WEEK {!
WALL STREET SEEMS TO EXPECT ONE.

IT WAS REPORTED YESTERDAY THAT If Cum
GREss DID NOT TAKE DECISIVE ACTION
BY THE END OF THE WEEK
CALL WOULD BE ISSUED.
1t was the general report in Wall Street yester'
day that II Congress did not take some decisive
action on the currency question by the end OF this
week, the President will at once send out
call for subscriptions for Government goid oohu
OF 100000 600 II seemed TO be the opinion OF
we-informed men that smaller issue wouid DC
practically useless to relieve the situation which
Is filling every In the Street with alarm Inc
current report that a combination composer
mainly OF foreign bankers who did not take UP the
last loan. would take the issue on about pei
cent basis 1t said that the President hau
Deen in communication with August Belmont. anu
that he would be the head OF the syndicate NUM-.
Loeb Co. were also mentioned as being interested
In the loan. Among the bankers who wah'eu
OF the Issue but didn't get any OF 1t were
Speyer Co. and Brown Brothers
No one at August Belmont & cos once OF AZ
Kuhn, Loeb e. Coz was WILING 10 ADMIT '""'
he was interested, but they did not hesitate 10
say that a gold bond issue was imperatveiy neces-
sary. This has been the opinion OF bankers anu
other fnancers for some time.
The alarming and rapid depletion OF the goid re-
serve has filled every with great fear ana new
issue will be welcomed heartily. The Sub-Ireasury
lost 100000 In gold yesterday and 1t Is known tha
x,JDOU0 OF this Tor export Inc HaJ'SNiN W."
to-day take considerable gold to Europe: L.. Won
Hoffman a. Co. will send about 10000; Hehe.baSh
Ickelheimer & Co. anywhere from tbn.Vn 10 s.WU
their shipment $2oO0a. The Lain yesterday took
S.57s so. The Withdrawals yesterday reduceh ,hs
gold reserve below 100000. the lowest on recorh
The announcement was made yesterday that the
Treasury had authorized the Assay Once 10 tx
change gold bars for gold coin at premium OF l-lo
OF per cent. Exporters think that before many
DAYS the Government Will be glad 10 let them nave
the bars at par. The Sub-Treasury here IL not thc
only which is losing gold. The one al bosi'h
lost between 500 and $4,000 In the last few days
II. Wallerstein. an active and well-known business
In the swamp" yesterday circulated pettoi
among the men in the leather trade In when IL
was said that THE undersigned. members OF the
leather and hide trade OF NeTYork. irrespective 81
party most respectfully and earnestly urge upon
mediate passage OF a law authorizing the Secretary
OF the Treasury TO Issue gold bonds to the extent
OF $500 900 C0 bearing interest at the rate OF three
per cent per annum. principal and interest payable
In gold and proceeds be used for the redemption
and cancellation OF outstanding legal tender ana
Treasury notes" Copies were sent 10 Senator I'M
and Representative Isdor S,raus for presentation to
Congress.
Among the sgners were Mark Hoyt. Fayer-
weather e. Ladew. Norman schultz James X
Plum James Horton y. &. Costello. II. O.. laphain
& Co. Renwick NJ. Speers. Edward G. Hoyt Ed
ward r. i.adew. Charles A. Schieren Co. Hans
Recess Sons Sellman & Co. A. Healy a. Sons. Lee
e. Co. Fraser, Mayor q Co. +: Kaufman q 90.
Hall Haight Co. F. Blumenthal & Co. Charles
Hanselt Scheftel Bros. J. :. Barnet Bro. Rock
we'll Leather Company. Miles Kennedy & Auerbach;
F. g. Simpson q Son. Solomon Philips. Richard
Young Eilers & Monies Leather Company ana Mui-
ford, Cary 81 Conkln.