Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-06-16
TELEGRAPHIC,
CARLISLb EXPLAINS.
The RGaFlDG 10 The Bond Issus u.
VtstlgatiOl.
so FAVOR 10 rmg sISDrcArr.


wAsHIsuToN, June l6.-Secrctnfy
Caflislo was examined under osth 10.
day by tho senato committee ap.
pointed 10 investigate tho recent bond
istue. The hearing was held In the
rooms OF tIa Senate committee on
finanee, Senators Hnrris, wAlthali,
Jones and Platt icing present. Chair.
man Harm explained that tho com
mitiee had decided 10 take all lesti-
mony under oath and did not wish to
make determinations. Mr. Carlisle
responded that he expected anu de-
sired TO be pu, undOr oath.
Mr.. Vest began the examination,
afkiug for a fuller explanation OF THE
nrst bond contract with the Morgan
syndicate than had been given IN Mt.
Catlisle's written statement His
main purpose, ssid Secretary Carlisle,
was 10 prevent shipments OF gold
from this country. Nit. Vest asked
who made the frat suggestion
rs to the protective clause In the
bond conirsct with the Morgan syndl.
cate. The secretary answered that
the first draft was made In his private
oiilco and then taken 10 an o. dining
room anu shown to MIR. Morgan nnu
Mr.. Francis bynde Stets0n, after
which changes were made. THIS was
the Mt, 6tvttOn, tue secretary ex-
plsined In response TO mn inquiry, who
had been the law partner Of tho Pfcsi-
dent.
Mf. Vest tA,ksd why the contract
had teen given 10 the syndioato, to
which Mfr. Carlisle replied with n
lengthy explanation Of the great emefg-
enoy existing, which would not per.
init delay for the usual formation Of u
bond sale.
"You never had negotiations with
any other bankers outside " the Mes.
gan syndicAtt?" asked Mr.. Neat.
"rhsfo was some inquiry, but no ne
gotiAtions were opened" said tho SEQ
Rotary.
one OF Vests questions referred to
tho time Of tho Presidents infofma.
ton compared with that OF Mt. Bel
mont, to which the secretary said that
the Presldeni's message giving in.
formation 10 Congress NJ u the close
OF tho bond trat siotion was sent nj
noon, while Mf. Belmont did not reach
Washington until 2 3. m.
70 Nesps question as 10 why public
bond salo was Tesorled 10 Mt n later
date, when tue eArly sale was by pri.
vate contract, Mr.. Carlisle said ths
nTst move YVES dus entirely 10 emof-
gcnciss existing land TO disturbing re-
ports which were without n shadow Of
foundation, that tho government had
long contemplated "A bond issue.
Vests next question turned TO the
Graves bid which was rejected,
Graves's award OF si,60O,O00 Of bonds
being given 10 the Morgan syndicate.
The senator asked why, after tho
Graves bid was rejected, the govern.
mVnt did not receive the benefit Of tho
Ilse which had occurred In the price
OF the bonds, instead Of the benefit
going to the Morgan syndicate under
their blanket bid. Mt. Carlisle said
this was = matter Of opinion, and In
his judgment tho Graves bid was
nullily, alter which the Morgan bid,
which was tho next highest, took the
bonds. His action, he said, was taken
after committing the law oilloers Of the
government. lie would have taken the
came course n the price Of bonds had
fallen.
els II not inoi," asked Nost, "that
because ths syndicate had carried out
tue protective clause you were Inclined
TO favor theiu2'
"NOt IN the least" decl Atei the
secretary, emphalicslly. If am mot
gDnsnioua If auy such feeli -