The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-09-22
BOND SYNDICATE DISSOLVED.
No Further Bond Issue Until After the
Fatl Election.

New York. Sept 2f-ThA managers q
the government bond syndicate have taken
action which Is regarded as formal dfsso-
luuoa OF the syndicate. The managers
sent out. checks. which We're received hv
members Of the syndicate this urerninc.
giving them The profits Of the operations ~
the syndicate. the members having al
ready received the principal which they
had placed IN the hands Of the managers
The exact percentage Of profit IS nor at
present ohtaiaable. but 81 u understood
that after allowing interest on money dur
ms The period il was IN the hands ~ the
managers the profits are a trifle below s
per cent.
Today's statement of ,he condition of
the treasury shows: Available cash hal
anCes SlSi.es357S gold reserve. S9zTSs.-aa
The exports OF specie from the port of
New York for the week amounted TO
H.ISS3T7 IN gold and ss77 .S2i In silver The
imports were: General merchandise.
Sc S5s; dry goods. $e.Ses. .sSS: gold. Siis.-
S45 silver. SifS
Washington City. Sept ei-Secretsrv aud
Mrs. Carlisle LEFT today for Marion Mass.
where they viii he the guests Of the family
of Assistant Secretary Hamlin, The sec
>tary undoubtedly will see the president.
whose summer home - only a short dis
tsnce from Marion. bat IL is authoritative
" stated at the treasury department that
the meeting has nothing whatever 10 do
with bond Issue. The further statement
IS made that no bond issue is in contem-
platon.
The easy assurance and confidence Of
treasury officials that there viii not he an
other bond issue and that the treasury
gold reserve Will not again he seriously de-
pleted Is explained by prominent treas
ury official. who SAYS that through the
good Offices Of the bond syndicate promises
have been secured from bankers in the
- 81 -Fs
or necessity they can he called upon TO
place as much as $50 000 000 in gold in the
treasury in exchange for legal tenders
This important: matter has been quietly
negotiated hy Messrs. Belmont and Nor
gan during the last fifteen WAYS, and the
Indicated result arrived at subsequent to
their last deposit Of gold The reasons
which have led to this action are varied
but all tend 20 the same end on the part
or the administration it is recognized as
good politics to avoid another bond issue
and 10 throw the responsibility and neces-
sty for remedial financial legisia ton on
the incoming congress. Ii Was determined
by the president several months ago that
there would he no bond issue until after
the elections, as an issue previous thereto
would have the effect Of STRENGTHENING the
hands Of the free silver men and the Pom
ulists. On the other side of the syndicate
the unpopularlty Of a bond issue has been
evident. but a far more determined infiu-
ence has been its desire 10 avoid any ac-
ton which would have the effect Of check
ing the steadily increasing wave of husi-
ness prosperity. The parties TO the present
voluntary combination for tho protection
of the treasury gold reserve are almost en-
tirely within the list Of banks that were
allowed 10 participate in the distribution
OF the last bond issue
Rochester. y. Y. Sept 21.-The Rochcs-
ter banks which recently shipped $3.50 o00
in gold TO the suh-treasury in New York
are out S1.500. The face value ~ tho coin
which they sent was correct. but upC~ the
delicate balances OF the sub-treasur the
$3.50 shortage showed. The banks which
contributed $4,000 each lose s22o and the
others somewhat less