The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1896-01-09
TIA Z BOND ISSUE e,
THE SYNDICATE WILL FINALLY GET.
THE BONDS.
II IL Thought That the Public win
Not Subscribe for All the Bonds,
rs and That the Syndicate Will
Then Secure Them-A. Free Coin.
age Bill Is Substituted for tho
House Bond Bill.

aWshington Jan. S.-The announce
ment last night that the secretary Of
the treasury had asked for bids for a
bond issue of $1O0,OOO,OOO was some
thing of surprise to the subordinate
officials of the treasury department., as
no int1matiOn of his purpose had been
given to any one. It. is quite probable
that no one here, outside of the preSi-
dent and Secretary Olney, knew Of
Secretary Carlisle's intention. Indeed,
1t is believed the conclusion was not
reached until late yesterday afternoon
The new bonds will not differ in any
respect from those issued to the syn
dlcate. and such as are needed after
the supply now on hand has been ex-
hausted will be printed from the old
plates. Persons well qualified to Judge
OF the issue do not look for large sub
scrlptions from private individuals.
and the opinion is expressed that the
syndlcates bid for the entire issue will
be accepted. 1t is recalled that private
subscriptions to the first loan of $50
600, 600 amounted to about only S745.-
600, and to the last loan but little more.
and as the bid submitted by the syn-
dtcate contained the condition that
they were to be awarded the entire
amount or none, left the government
little option in the matter. The last
Issue resulted in the payment into the
treasury of $65,116,244 IN gold, for
which the government issued per
cent thirty year bonds to the amount
or $62,3l5,4OO. The premium realized
Dy the government, therefore, was
$2,SOO,S44, or .O4494 ger cent, the in
weston realizing rate Of interest of
ABOUT .O375 per cent. The market
price or these bonds is now about III.
what C0ngressmen Think.
senators did not seem disposed to
talk about the bond call issued hv
Secretary Carlisle. Democratic sena-
tors generally were non-commital
senators Harris and West, both mem
bers Of the finance committee. said
they had not read the call and had
nothing to say. Senator German said
that the call was all right; and was
the same as the first two bond issues
by this administration There were
not many Republican senators about
the capitol. Most Of them were re-
ticent as to the call Senator Morrill,.
chairman of the finance committee.
said that there was nothing to saw
about the call, that it spoke for it.
self. Senator Teller said lie was graft
fed that the president had decided
upon popular loan, and he had no
doubt the people would respond in a
way to justify the course decided upon,
The call was an entire surprise to
the house, for it had not been ex-
pected to appear before the middle Of
the week, nor. had its terms been an
/ tteipated. The plan is generally APP
proved by members Of both parties,
who believe. there is necessity for
bonds and those who are OPP
posed to bond issues altogether
think that the call for bids
is much better than the ar
rangement. with the New York syn
dictate, which was generally expected.
There was some dissatisfaction ex-
pressed because the president mad OF
seen fit to wait until the senate ;cted
on the house revenue bill, although
there is no expectation that the bond
bill will pass the senate.
Free Coinage Bill
The senate finance committee has
decided to report as q senate substitute.
for the house bond bill the measure
agreed upon by the silver majority.
The substitute provides for the free
coinage Of silver, for the coinage Of
the scigniorage in the treasury, and
makes 1T optional with the secretary
of the treasury notes in either gold or
silver. The bill will be reported to the
senate tomorrow.
The silver substitute also provides
for the retirement of all notes of less
denomination than TO- The finance.
committee Immediately began consid-:
Grafton Of the tariff bill 1t is said
that this bill will be reported sub
stantially as it came from the house,
except that an advance OF Is per cent
OF the present duty Oh sugar will be.
provided for and the agricultural
schedule will be increased to 20 or %.
per cent of the present law. 1t is ex-
pected that the tariff bill will be or
dered reported. although the absence.
of Senator Wolcott may prevent such
action to-day unless a pair in The com.
mittee can be arranged for him.
Fatal Renewal of a Quarrel.
indianapolis, Jan. 8.-Patrick Cal
vim, supposed to be partially insane,
began to shoot his neighbors in Deloss
street this afternoon His first bullet