Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1895-02-07

WASHINGTON, d. c., February 6.-It
seems now to be settled that no an.
nouncement OF another bond loan will
be made until tomorrow n ght or later,
when the House will have voted on the
pending Administration bill. Messrs.
Morgan and Belmont, OF New York,
who have been here during the last
several days In consultation with the
officials on the bond question, have
returned home, and II is be
lieved, without any positive knowl-
edge as TO what the admin
istration would do. Close observers,
however, are OF the opinion that these
gentlemen, on behalf OF their London
clients, made the President definite
offer TO take the whole 500, 600, 600, but
at rate of interest considerably ia eX-
cess Of per cent, II rot as hish as 3il
per cent. IL is this high rate demanded
that causes the President TO hesitate.
II is well known that be is disposed to
delay matters in the nope OF
CONGRESSIONAL ACTION.
1t is understood that while here Mr..
Morgan and MIR Belmont expressed
grave fears OF the result should the gold
reserve be permitted to 60 much lower,
aud strongly urged upon the President
the necessity for speedy scton. Tha
President, II is understood, did not
share their fears. He believed that the
American people and those with most
AT stake had sufficient confidence in our
government and us in1titltion, not 10
entertain any doubts OF us ability and
purpose to faithfully perform every ob-
legation.
DEBATE on TGE FINANCIAL BILL.
WASHINGTON, February 6.-The sec
ond days debate on the administration
bill, authorizing the issue Of $500, ,OOO,-
600 OF gold bonds for the retirement Of
the legal tenders and treasury notes,
was not productive Of marked incident
OF any kind A good deal OF confusion
existed after two o'clock, when the
committee began voting on am9s.'
uients 10 the bill Most Of tho amend
ments were defeated as rapidly as
offered. The Committee on Banking
and Currency suffered two defeats, two
of the amend ments proposed by
that committee being voted
down. They were The amend
ment proposing to strike out tho
section providing for the payment OF
customs duties in gold, which was a.
lowed TO stand amended SO as TO make
them payable in gold and silver, and
that compelling national banks TO carry
their reserve IN gold and silver coin.
Mr. Bland's substitute was ruled out on
a point of order.
OPPOSITION TO THE REED BILL
WASHINGTON, D. c., February 8. -
Some opposition TO Mr.. Reeds financial
plan is deveIn ping among the kepubiI-
cans in the House, but what proportions
IL will assume. Is matter OF dOuOt
Uitra.high 'ariff men are asserting that
The first section Of the substitute, that
which provides for tho IsSLe oil
bonds, amounts to recession
from the Republican contention that
the only trouble with the iluaoces j. ths
insufliciency OF the revenue. They LAY
that the Democrats have assumed tne
responsibility OF running the govern
ment and should be compelled % bear
the burden. Three Pennsylvania Re-
pubIicans have come cut openly against
the Reed measure and with two
or three silver men. are working against
it. While some Of the free silver Re
publicans will vote for the Reed substi-
tute, others argue that from a party
standpoint 1t will be good policy 10 sn-
courage the Democrats 10 pass Dond
measure with a gold proviso
MORGAN BACK IN NEw YORK.
New YORK, February Cd. PIer'
pont Morgan said to-day:
II am satisfied no announcement OF
bond issue will be made untiI alter
vote in the house on the Springer Dill
an also satisfied that President CIeYe-
land and Secretary Carlisle ars KeenJ
alive TO the situation"
GOLD RESERVE, si2,1s2,C3L
WAsmveroS, D. e., February g
Correct figures from New York sho"
that s7OG, $40 10 gold was to-day win
drawn from the Sub-treasury 10 e4-
change for legal tenders, which leaves
tho gold reserve s42.Is2.G3l.