The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-01-08

Obscurely worded-half the newspapers
print the date of the bonds as Feb. l. 1856
with no upset price named, and thirty days
given for the filing of bids, the proposal IS
neither fish, fowl, nor good req Lerring.-
Cincinnati Commercial-Gazette (Re0D
The people will indorse .ne new sale OF
bonds, not because they Ike It, but be-
cause Democratic inca2aciy has made j:
unavoidable for the .n,aiptenance of the
public credit and the payfnent of the pub
lie expenses.--St. Loaise t'Glooe-Dernocrat
(Rep) ~ eG
We have made a costly experiment in try
ing a sample of Democratic free trade, and
there is no telling how much more we are
to paw by practicing the Democratic plan
of financering, in selling high interest bear
ING bonds TO meet the continual deficits
Louisville Commercial t(RepO
If at some future time really popular
bond shall be offered to the American people
it must be different from that now sub
mitted. \ real popular bond must be in
small denominations at "a fixed uniform
price; and lie people should have an OPP
portunity TO get it atsfhe money order win
dows CT the postoffices.-Chicago Times
Herald Qnd.)
This move by the administration disarms
criticism. The majority in the House.
which recently passed loan bill providing
that all bonds, new or old. hereafter Is
lie, can find no fault. Neither can the Sen
ators who, with unnecessary and rot en-
tirely decent haste, virtually condemned all
syndicate deals.-Chicago Chronicle Oem.)
A we'll distributed popular bond would do
more to incucate patriotism and disseminate
sound financial ideas among the masses
than ANYTHING else that could be devised.
Few experienced flnanciers believe the plan
to be feasible yet but 1t will do neither Mr..
Cleveland nor the governments credit any
harm to test the matter, as 1t Is reason
ably certain that he has an offer from Mr..
Morgan in reserye.-Louisville Courier-Jour-
nal Dem.)
The President has done brave thing. He
has admitted freely by his announcement
that the treasury will not need any gold
for the next thirty days. What becomes,
then. of the frantic appeals we have heard
for Congress to sit through the holidays
and nights and Sundays to hurry through
bond legislation to prevent the immediate
bankruptcy of the country? The President
fears, IL ne had any, were coinage or the
brain.-Cincinnati Enquirer Oem)
If the time has come when the people
have enough surplus OF cash and os con-
fidence to take these per cents, the call
of to-day will show such 4 fac.. If not. the
immediate effect upon the finances Of the
country in the opinion OF the |orIi Will
be discouraging, but we do not think II will
be permanently disastrous. The Syndicate
would come in on the default Of the peo-
pie. and the loan would be obtained by them
at a profit.-Brooklyn Eagle Oem)
There seems to be no little suspicion in
financial circles that this offer to place the
new bonds as a popular loan is not made
in good faith. and that there is really no
intention of depriving Morgan and his ECO
parceners" of their anticipated commits
sions on placing these bonds. The Inter
Ocean is slow to believe that President
Cleveland and Secretary Carlisle would
ha
American people.-Chicaso Inter Ocean.
(Rep)
Discomfort has deepened into sense OF
abasement as the people have watched the
government increasing its bonded debt in
time of peace and apparently dependent
upon q few rich individuals. II NE must
stand this national borrowing We shall feel
a little better when the general financial
strength of the country Proves itself aris
and willing TO give the government As much
as a syndicate will give for SlO0G1.tv0 CT
bonds or any other amount 0ffered.-St.
Louis Republic CDem.)