The Indianapolis journal., 1895-02-02
No Action to He Taken by the Admin.
istration Until the Result of His
Second Mission Is Known.
CURRENCY TINKERs AT SEA
ADMINISTRATION BILL REPoRTEn
WITHOUT RECOMMENDATION.
Gormnn's Scheme to Tack a Rider on
an appropriation Bill Not Feasible
The London statist's Comments.
Special to the indianapolis Journal.

Special to the Indianapolis Journal.
WASHINGTON, Feb, There is every
indication OF return OF confidence in tha
treasury. Only $l.2Oo,0O0 was withdrawn
from the treasury to-day. and the cheering
intelligence was received from New York
that 81, 100000, previously Withdrawn for ex-
port, had been returned to the subtreasury.
so that the treasury is really net gamer
to-day of 10000 in gold. The reason for
the change of sentiment is. of course, 10 be
found in the fact that it was definitely
known this morning, even before the Cab
met met. that there would he a new issue
of bonds 1t is probable that the formal
call for bids will be issued by the. treasury
on Monday.
The Cabinet meeting adjourned at the
usual hour to-day, but Secretary Carlisle,
Attorney general Olney and Postmaster-
general Bissell remained in consultations
with the President until nearly $50 O'clock.
Assistant Secretary Curtiss report of his
mission to New York was laid before the
meeting by Secretary Carlisle, and after q
full consideration of the matter involved
Mr.. Curtis was requested to again proceed
to New York. He left Washington on the
late afternoon train, but what his instruc-
tionS were is not known though it is as
sumed that nothing looking to a bond issue
with the New York financiers and comn1u-
nicate the result of his mission to ths
Secretary The official report Of Assistants
United States Treasurer Jordan. at New
York, that, although $1,257,500 had been
Withdrawn from. the subtreasury to-day
81, ,S00,0 900 in gold coin had been returned for
currency, was received with much satisfac-
ton and surprise 1t is not known, how
ever, whether this deposit of gold is the
forerunner of others in fulfillment of an
agreement between the bankers and the
treasury officials It is believed in some
circles that the deposit was made in the
ordinary course of business for currencX
to be shipped to Western correspondentss
BY to-day's transactions the gold reserve
is slightly increased, standing at the closG
of business $42. .S6o,O12.
PRICES OF BONDS.
The prospective issue of another loarr
recalls the interesting fact that during the
period from June, 1880. to January, 1891
the government purchased and retired $17s,-
800 in four-per-cent. consols falling due
in 1907. for which it paid a bonus or pre-
MUM of S46396,006 in addition to the ac-
crued interest. The government also pur-
chased of the four-and-one- halls funded
loan of 1891 $14s, SIS, ,200 for which 1T paid
a bonus or premium of $9,99S,201 in addi-
tion to the accrued interest. These bonds
were purchased at prices ranging from l2S
to l24 and small quantity of this same
issue was to-day sold in Washington at
111L calculation of the prices which
must be obtained for four-per-cent., thirty
year bonds a three-per-cent. interest
basis, to be 1874; on a three-and-one-quar-
ter-per-cent basis, 11434; on three-and-
one-half-per-ce basis, 109.2s; on a three
d-three-quarter-per-cent basis, 1919.
Late this afternoon Secretary Carlisle
stated that no public announcement of
financial character would be made tonight
The very manner in which Chairman
Springer brought his piebald administra-
tion bill into the House to-day gave notice
that it's fate was sealed. Mr. Springer did
not apparently deem it wise to acquains
the House with the essential fact that there
was no favorable Recommendation for the
passage of the bill. 1t was not until after
a sharp controversy with Mr.. Cox, q Denl-
ocratic member of the committee, that the
House was officially informed that almost
every member of the committee, Democrat
ic as well as Republican, desired to make an
individual report and submit an individual
substitute. The committee is utterly at sea,
and it requires no gift of prophecy to pre-
DICT the fate of the bill under such circum-
stances.
EXTRA SESSION PROBABLE.
Senator Germans cheering assurance in
the Senate yesterday afternoon, that that
body would not fail to come to the relief
of the treasury before Congress adjourns,
does not meet with that implicit confidence
which the Maryland Senator's statements
generally carry with them. 1t cannot be un-
derstood at the present time how Mr.. Cor
man will succeed in tacking a rider on an
appropriation bill that will successfully
meet all opposition In the Senate. in the
House and finally in the White House. A
treasury relief measure. to be acceptable
to the Senate and to the House. must. it
seems inevitable, include sweeping conces-
of Congress, and it is difficult to conceive
of any compromise in the present temper
of the silver men, and OF the President,
which will be acceptable to both. 1t looks
as though there might be disposition on
the part of certain Senators to shift the re-
sponsibility for extra session, which Mr..
Cleveland has hitherto successfully thrown
on Congress, back on the White House.
For, If Mr.. Cleveland does not approve OF
any rider which Congress may place on
an appropriation bill he will veto the bill
and will thus, of course, necessitate an extra
session 1t is reasonably safe prediction
that the appropriation bill which is to be
saddled with this unwelcofne rider will be
the legislative. executive and judicial. This
bill carries the appropriation for running
the machinery of the government from the
salary OF the President down to the hum
biest tide-waiter, and its veto will mako
an extra session Indispensable. The mes-
sage that announces Mr.. Gleveiands rea-
sons for returning that bill TO Congress
without his approval may as we'll include
the call for an extra session.