The Caucasian. (Clinton, N.C.) 188?-1913, 1895-02-21
OH! WHAT
A SCHEnE!!
A Nine Million Dolla, Deal in ;h,
New Bonds n the
Star..
READ! EVERYBODY READ,
~""<rs's ss, Il, o~ ssp.s- WAn. I.
h'r-sii".n ni'.s~r. sd ss..s. a.. a.
'niaisirssiea-ras .-is Had n...i.,.-.
o'.r-hsisAissi, pss-.,.a.
SE-oia, 10 Tie CaaoasiAs

>E-cia. 10 Tie CaaoasiAu
NasHrS.roN. T-h iG--Th. xuia
hond RESOLUTION Ma. u,-r~h.lninrl,
iei"Ai~d to-day. The ma larity against
II Na- "a. 80 l. NOR. than ih- r-oard~d
'oi" against the administration bili
last week.
Condemnation preceded defeat. The
President was .ANag.ly criticised and
Neh~rn-n'ly d-n.aB~~d. Il-m.arst.
NociirroCsly Applaua.d Republican de-
nnncia'i"n. They gathered around
NJ. Hopkins. oi Illinois. aud shouted
IN! on NcDur-" Inspired hy Iaemo-
cratic approval a. hli.i-r-a an =
roasted the administration. ridlca'y :
and bull! ragged iI until hi. .t-r :
Ran voice Ma oct in is-morratic- -
uliation. ~
The point - attack VA. the "A e
iensible policy of secrecy in negon Z
iing the sb2ssa.isn loan. The ronfras
va, given 10 the pres. late la.f
night under coercion. IL wAs feared that
"ncr"s~ would adupi n resolution to-
day ean~elling the contract f nwa-
mad" public. III prove - h- wor~-
Tor the government than VA. .,-
p-ci~d.
IL Wa known that Secretary Carlisle
had sold thirty year q per cent. bond-
al l."i L., when ten year bond. of the
same rate of interest Ar. .~liing n
llo b. By parity of Nalu- thirty year
bonds should sell At lls -. Her. b. a
profit in the sure appreciation of these
bonds oi at least sa.s.o..9 The same
bond, letter for letter security for --cur-
ity, obligation for obligation. has h--n
Aaaid "a "a 81 a.
at - per cent. By comparison with
outstanding per cents under the pre-
ent credit of the government. the syn
di"aie u booked io make in marketing
this issue o.. a.saa.
La the Increased rate of interest the
government Loses in yearly Interest.
taken directly. sls.ss0a. aud IL the
space over which ia. Loan run. h- con-
sid.red, the loss is a~a-,r s2s!oo.ap.
This vast profit aud these eBormots
losses are NOT all. The gold .. Go b- d-lis-
cred over the next sif months. not
over 100000 ounces. about s5oo0oo to
10" called in any one month. Thi. -,-
tends the transaction over the
next six months. Practically ii
gives the London Dew syndicate
the credit of the rsii-d states nj
. per cent to the amount of sGs 900. 90
"
manipulate the gold market of the
world, aud secure for tbem-el,r. all
ia. profits of their manipulation. Thi.
L. the disastrous Democratic condition
that confronis the country. The Pres
ident's p-rtinaciiy may suggest Anoth-
er alternative.
The southern fast mail got through
by squeeze today. senator Chandler
said IL ought to b- established Ne n per-
manent institution. Th. south needed
~. Until recently that section h-
said, has been in political aud indus
trial darkness. but there H. n big streak
of day light ia North 'arolina. and IA.
clouds are rolling by ia other south.
.rn States"
senator Ransom was Disturbed. hut
ihe vot. was too close fo risk pro.
test Buf moment later %. was An.
initiated 10y senator Perkins DECLARING
that kans"m's speech ia favor Of ia.
appropriation had Thoroughly con.
yeried him that ii Wa wrong aud in
= d.iensible. IBtending TO vote for a.
o he now felt compelled fo vote ngains'
a.. The vote wAs q TO -.
~ IL