The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-13
.CoINo OR ..GoLD."


1t is a bitter humiliation to Americans
that. while British consols are selling a
two-and-one- half percent. basis, ma
tionaI credit should suffer this shameful
degradation to a three-and-thr quarter
percent. basis.-Boston Herald Dem)
1t is small matter to substitute the word
gold for the word coin in the proposed
bonds; but the $16,OO0000 of interest money
which would thereby be saved to the people
in the thirty years the bonds are to run is
a very considerable matter.-Springfield Re-
publican (Mug)
The coin bonds will be redeemed in
gold. And yet rather than authorize the
forlnality of expressly saying on their
face Congress will make the taxpayers of
the country pay an extra $16,00OOO0 in inter-
est on the new block of bonds.-Louisvllle
Courier-Journal Dem)
The question is simply whether the United
States shall pay q per cent. a year more
for gold than it needs to-$5S9, 1853 annually.
To ask business man who is attending to
his own affairs whether he would hesitate
is to ask him If he has lost his senses.-Cin-
cinnati Commercial-Gazette (RepD
What the government is doing is buying
gold and paying for it in bonds redeemable
in coin and the higher rate of interest is
simply demanded by the sellers of gold to
pay them for the risk of having the bonds
paid in silver A gold bond could have
readily been disposed OF at per cent. inter-
est.-Omaha Bee (RepD
If Congress does not take advantage Of the
last opportunity prudently reserved by Mr..
Cleveland to avoid the Objectionable issue
of four percent. bonds, to which the gov
eminent is now conditionally pledged, 1t will
show a criminal indifference to the national
welfare as well as defiant contempt for
popular Sentiment.-New YORK Herald una.
Dem0
The situation emphasizes the fact that
parties cut in twain on the finance
question, and that no action is possible,
either in this Congress or the next, save
by the coming together of the sound money
Republicans and Democrats. The intent of
the free-coinage party is evidently TO force
the country to q silver pasls.-fllespurs
Post Oen.)
1t is dscreditabIe. of course, that the
United States should not be able to bor-
row on as good terms. we will not say as
Great Britain, but the State of Massa-
chusetts or the city of Boston; but with
AS the President computes it, the difference
in interest between per cent and 3s4 per
cent. for the life of these bonds is &c.
TIA, 770-Boston Journal (Rep)
The brief message which conveys the an
nouncement contains a pithy comment on
the prevailing financial conditions in the
invitation to Congress to consider the fact
that gold-bearing bond at per cent. is
considerea as good as p hr, az IA wn af1
YER 1t has not been long that the honor
of the United States has been questioned
by money lenders.-Syracuse Standard 0sep)
The President has attempted to make Con-
gress responsible for paying $4,000, coo more
in interest on the forthcoming loan than
is necessary by forcing him by its inaction
TO sell coin bonds at 3sz per cent, when gold
bonds might be fioated a per cent, but he
is equally culpable when he stubbornly in
sists upor. Issuing thirty-year bonds instead
of tenn, loan such as Mr.. Reed has
propose d.-New York Morning Advertiser
| (Rep)
A nation adding s1.2oo,o0o.oo0 every year
| to its wealth may very well borrow money
| at 2,1 per cent, while the same nation. if
1t is adding nothing yearly TO its wealth,
may borrow with difficulty at 3a4 per cent.
| 1t is altogether too much the fashion at
Washington to ignore the condition of the
people. and to think only of the precise
| phraseology of the bond. Exactly the same
| bond which Secretary Foster could have
| placed two years ago at 2i2 per cent. Secre-
| tary Carlisle is now glad TO place at a rate
| of 80 per cent higher.-New York Tribune
! tRep)