The morning times., 1896-04-25
CARLISLE makes REPLY
Continued from First Page.


not collateral them at the price and was
on the market as borrower
DO not allow me to lose my good name
because of my failure to meet conditions
over which ! had no control. viz: the
drop in values after your notice came TO
hand but on the other hand give me what
YOU are in a position TO do, 10 justice,
allow and believe me-"
TWO PASSAGES OMITTED.
Neither of these passages appears in the
letter as it appears in exhibit OF the peti
ton.
In regard to these statements the affi-
dayit says: lit appears from his genuine
letter that he could not get the gold
in the Bank of California until he produced
a letter of acceptance from affiant; that
at the time he received the letter the
bonds had gone down so that he could
not use them as collateral at the price
he had bid; that he was on the market as
borrower, and that what prevented him
from complying with his bid was 1.-The
drop in value after your tmy) notice came
to hand. y
The affidavit states that on February IL
Graves was insisting on his second bid.
having abandoned his first bid. and that
the facts in regard TO his second bid We're
suppressed in his petition
Inc affidavi denies the statementsi in the
petition that Graves made tender at the
New York su6treasury on account of hts
time was any tender made by or for him.
ALL THE CHARGES DENIED.
All of the charges in the petition that
Graves was treated in anywise differently
from other bidders, are denied, as is the
statement that bonds were sent to the
sub treasury at New York for other per
sons before their deposits were made.
The affidavit closes as follows:
The statement in paragraph %. that
the Secretary of the Treasury could not
impose reasonable conditions for the for
| feiture of bids on account of non compliance
with them within stipulated TIME, ignores
| the whole purpose for which the loan was
i undertaken. 1t was necessary that the loan
| should be successfully carried through.
| Thit could not be done unless q time was
| fixed for payment, with a condition that
| the rights of accepted bidders should bS
forfeited by non compliance.
| Ii was necessary that the loan should
| be carried through In such a way as 10
| prevent gold already in the Treasury from
| being drawn out OF 1T. IL was desirable
! that the loau should be as widely dist Fibutetl
as possible and among bona fide bidders.
| None OF these ends could have been ac.
| complished If irresponsible persons could
/ have bid, with no limitations as to time
| thus being enabled 10 keep the government
| from realizing on the lean except at their
1 pleasure and turning the whole scheme
into a mere speculat ton.
| The statement in paragraph "a that
there are still in the Treasury department
| OF the said issue of bends undelivered and
| uutliSDoSed OF an amount of bonds exceed
| ing So 600 900 is untrue. All the bonds
of said S100, ,00o. 900 issued have been sold
| TO bona fide purchasers. in accordance with
the terms. OF the circulars Offering the
| bonds TO the public and the bids made there
| under. Some bonds have not been de
Iivered TO the purchasers, but ali OF them
| were disposed of before this petition was
/ filed and became the property of bona fids
| purchasers, who have the right to demand
| their delivery upon completing payment
in aceo rClance with the terms of the SALE"