The Dickinson press., 1896-06-20
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Hair Cutting a Speciality
DlCKIN ON, N. DAKOTA
THAT BOND CONTRACT.
Seoretary Carlisle Testines Before
the InvestiR atin9 Committee.

SooFetary Carlisle Testines Before
the InvestiR ating Committee.
Washington, June 15.-secretary Car
Isle was examined under oath to-day by
gate recent bond sales The examination
was held in the rooms Of the committee on
finance, Senators Harris, Walthall, Jones,
Of Nevada. and Platt, being present.
Mr.. Vest began the examination, asking
for fuller account Of the first bond con-
tract with the Morgan syndicate that had
been given in Mr.. Carlisles written state
ment. His main purpose, Secretary Car
Isle said, was to prevent the shipments Of
gold from this country. Mr.. Vest asked
who made the first suggestion as to the
protective clause In the bond contract with
the Morgan syndicate. The secretary am
swered that the first draft was made IN
his private office and then taken to an ad-
Joining room and shown to Mr.. Morgan and
Francis Lynde Stetson, after which some
changes were made. This was the Mr.
etetson. the secretary explained in response
to inquiries, who had been the law partner
Of the president. Mr.. Vest asked why the
contract had been given to the syndicate.
to which Mr.. Carlisle replied with lengthy
explanation Of the great emergency exist
ing which would not permit delay for the
usual formalities. There was much apprc-
hension in financial circles as to the situa-
tion, heightened by visit Of Mr.. Curtis, of
New York, who brought out many news
paper conjectures. 1t was when the
Springer bill, so-called, pertaining to bank-
ing and currency, had been defeated in the
house Of representatives that 1t became
positively necessary to take steps to pro-
tect TIE treasury. The contract was closed
the day after the Springer bill was de-
feated In the house.
"You never had negotiations with. any
ether bankers outside Of the Morgan syn
dicate?" asked Mr.. Vest.
"There was some inquiry. but no nego-
tiatiOns were opened" said the secretary
Mr.. Carlisle went on to explain that the
president was kept apprlsed Of all the
phases Of the negotiations. One Of Mr..
Vests questions referred to the time Of
the presidents information as compared
with that Of Mr.. Belmont. to which the
secretary said that the presidents message
giving Information to congress as to the
close Of the bond transaction was sent at
noon. while Mr.. Belmont did not reach
Washington until p. IN. To Mr.. Vests
question as to why public bond was re-
sorted to at later date, when the early
sale was made by private contract, Mr..
Carlisle said the first move was
listing and to the disturbing reports
which were without shadow Of
Foundation, that the government had long
contemplated bond ISSUE
In reply to questions, Mr.. Carlisle said
that after the Graves bid had been rejected
the government acted on legal advice In
awarding the bonds to the rext highest bid
der. and that there was ITO deposition to
favor the Morgan syndicate.
After further examination Mr.. Carlisle
was excused and the committee took a re-
cess until 2:3O o'clock. when Assistant Sec
retary Curtis was examined. He testified
regarding his visit to New York to negoti-
ate for bonds.
The investigating committee decided to
begin Its sessions at New York Thursday.
The hearings will be ut the Hoffman house
and will be public. Thursday J. Pierpont
Morgan, August Belmont and Francis L..
Stetson will be examined, and Friday John
A. Stewart and Treasurer Jordan. MIR.
Graves. whose bid was rejected, has also
been notified to appear Friday IL he de-
sires to be heard.
WILL HERD SHEEP.
Ex-chief of Police Clark Contem-
plates Leaving st. Paul.
Ex-Chief of Police John Clark will leave
for Anaconda, Mont, to-day. 1t Is said
that he goes in search Of good location
for a sheep ranch and that he has contenl-
plated this move for some time on account
Of his health. His wife. however. has been
averse to the change but she has now re-
alizes that the change will be beneficial
to her husbands health and has consented
TO the removal. Mr.. Clark received all the
necessary railroad passes yesterday and
last evening bade goodbye to a number Of
his friends. He will be absent about two
weeks. when he expects to return for his
fasnily. In speaking to friend last night
Of his plans he said that his total wealth
was about $4,000. and that he intended to
invest about $4,000 In a ranch and to spend