Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-01-10
Mr.. CLEVELANO'S LETTER
He Writes to Senator Gallery on the Bond
Issues.
Denies That There WAS Any Deal In
Regard to Them-Bids to
he Advertised For.

President Cleveland wrote a letter t.
Senator Gallery of Louisiana on the 5tf
instant in regard tothe public discussion
of the bond issue, in which he uses the fol
| lowing vigorous language:
IT have read today in the Congressional
Record the debate in the Senate on Friday
concerning the financial situation and bono
issues.
Il am amazed at the Intolerance that
leads even excited partisanship to adopt
as basis of attack the unfounded accuse.
tons and assertions of malicious men.
dacious and sensational newspaper.
mo banker or f1nancier, nor any other
human being, has been invited to visit
Washington for the purpose Of arranging
in any way or manner for the disposition
OF bonds to meet the present or future
needs Of the gold reserve.
mo arrangement of any kind has been
made for the disposition of such bonds to
any syndicate or through the agency Ct
any syndicate.
mo assurance Of such disposal of
bonds has been directly or indirectly given
to any person. In point of fact decided
leaning toward q popular loan and adver-
Using for bids has been plainly exhibited
on the part of the administration at all
times when the subject was under discus
sion.
Those charged with the responsibility of
maintaining our gold reserve. SO far as
legislation renders it possible, have anx-
iously conferred with each other, and as
occasion permitted, with those having
knowledge Of the financial affairs and pres
ent monetary conditions, as to the best
and most favorable means of selling bonds
for gold.
''The unusual Importance of successful
result, If the attempt is again maze, ought
to be apparent to every American citizen
who bestows upon the subject moment 8
patriotic thought.
'The Secretary of the Treasury, from the
first moment that the necessity of another
sale of bonds seemed to be approaching,
desired to offer them, if issued to the peo-
pie. by public advertisement If they could
full consideration, he came to the conclu-
sion, to which 1 fully agree, that the
| amount of gold in the reserve being now
$40, 0OO,O0O more than 1t was in February
syndicate, and other conditions differing
from those then existing, Justify US III
effering the bonds now about to be issued
for sale by popular subscriptions.
"This Is the entire matter, and all those
particulars could have been easily obtained
by any member of the Senate by simple
inquiry.
''If Mr. Morgan or any one else reason
self to the belief that the government
| would at length be constrained to again
sell bonds to syndicate. I suppose he
would have perfect right II he chose, tc
take Sucn steps as seemed 10 MIN prudent
to put himself in condition to negotiate.
81 expect an issue of bonds will be ad.
vertised for sale tomorrow Ghe 9Th, an6
that bids will be invited Tot only for those
now allowed by law, but for such other ano
| different bcI DIS as Congress may authorize
during the tendency of the advertisement
mot having had an opportunity to confer
with you in person since the present ses
sion of Congress began, and noticing youl
participation in the debate Of last Friday
l have thought it not amiss to put you ir
possession of the facts and Information
herein contained"