New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-06-16
=, CRAwfoRDS, LYNDHURSTs.~
Bicycle Sundrias" thnrse.
DURANT MLEAN & CO.. 2oa 8pw sest Phi.
MIR. CARLISLE A WITNms
HE APPEARS BEFORE THE ROW.
INVESTIGATING COMMITTEE
FURTHER INFORMATION IN REGARD TO THE,
TRACT WITH THE MORGAN BELMONT o..

TRACT WITH THE MoRoAN-B BELMONT ~.
DIcATE GIVEN TO THE sENAro1.
Washington. June 1.-THE .nvesusa,,o,
recent sales Of bonds by the Governmer, mug n
to-day by the special committee OF N. S7a
which Mr.. Harris, Of Tennessee I, os.a
Secretary Carlisle appeared to ansve, aaHnn
and TO explain his communicates, ,o,.. s.''0s
bond issues sent TO the Senate jus, beSor. -, 10
ment aooufs'
Senator Vest opened the inquiry BY s.x.
Secretary how he come TO change hIs co,,-s ns
the syndicate by releasing It from n. A. WIN
70 purchase one-haf Of the gold for IN. ,.. e@u0m
bonds abroad. "'n'"
Mr.. Carlisle replied that the syndIc,,. -,
gold, and did not have 10 buy It In mi. .,.. ns
was simply question OF requiring II n .h,. 80
10 Europe and then return IT, He v.,,.S . s"a
shipments Of gold OF any kind to Euron. ;" "0p
shipment caused uneas.ness In nnanc,,, -, , s.en
ness circles 1 ''''
Replying to further question By N, w.,
said that the protective clause In the contra. -
the syndicate-that requiring 1t to % N !, t..
power to protect the gold reserve during Il. on.,.'
ton OF its contract-was made at his s,,,,,..
In this Issue no bids were called for the n.,,r..
lions for replenlshing the gold reserve being ma.
with the Morgan Belmont syndicate alone TIT.
course was adopted. because the emergency ~,
great and there was no time TO advertise Al Nj.
time the gold reserve was reduced to aAou,
100000
Mr. Vest asked how the Department cana n
award the $4,000 defaultcd bids Of Mr. Graves a
the last .ssue to the syndicate.
The Secretary replied that the syndicate had mats
blanket" bid for all the bonds and had made q
deposit 70 cover the transaction and when Gravs
failed 20 comply with his contract the bonds vsS
awarded to the syndicate
Mr.. Vest asked II the bonds had not risen IN vilN
a, the time. and II the syndicate had not made
handsome profit by taking the Graves allotment
Secretary Carlisle could not say. He had disposed
Of The bonds 10 the best Of his ability In .Aey
had fa.icn In value he thought he could have forced
the syndicate to take the Graves allotment The.
on r FOR tire whole amount, In his opinion, vas still
o.en
In reply TO Mr. Vest he said tha, ne had neys,
rendered silver In payment for Treasury no,ea He
thought that II was MS duty 10 pay these notes IN
goli and had 50 ordered Al the time and under tho
Circumstances he thought IL would be dangerous 70
DO otherwise He had. however considered the cues
lion Of paying these notes in silver.
In rep.y 10 4 question by Senator Platt he aM
that a, the time the syndicate negotiation was ma.s
he knew OF no one who could or would furnish he
required gold
Mr.. YES; asked Nj. Carlisle II he did no, rem.r.
Der telling him that he had plan and that Il was
pay one-Daf On the Treasury notes Of lsso in sise.
The Secretary could not remember having made
his statement or a further one recalled by Mr
VSes, To- The erec; tha, the President was Of the
Cd MON tina, the notes .. 1889 We're payable in gold
Secretary Carlisle also answered q number Of
questions all of which were covered IN his letter
10 the Senst re.
ASSISTANT SECRETARY CURTIS TEsrlFlEs
,rer recess Assistant Secretary Curtis took the
stand Mr. Vest wanted 10 know something OF ~
connection with the sale OF bonds" and asked hin
- toll the committee OF his visits TO Newton y
agent" OF the Treasury Department
Mr. Curtis said thai ne went TO New-York many
times. his visits in connection with Doha sAes De-
ginning In January 1894. HIS insruc'ons ~e''
verbal and were given by Secretary Cafhse. no
was TO go u New-York and look into the a'ua-
ton" and see what vas going on he "a" i'ea~
urer Jordan. members OF the Clearing HOUSE a"a :
number OF outsiders I, was his aim to get 'as
general temper OF the people Inc u''''""'"'
was about 10 issue bonds and he wanted 70 ascea,
,ain how The issue wouh be received. he eoaI Eo'
remember clearly his report 20 sse.er ,sonis al
but he recolected ne reporter l'a, 49, ,hs
New-York would subscribe. As ne reinen.'i .rrsry
negotiations with the syndicate began on sahss.k
SO 1894 He went 10 New-lorh ABOUT 'n n. psros,
10 talk the situation over with him, ana a.. ~ A.
god could be obtained from abroad r. Il, % s.issn.
rected and during the ,- conf sbrosd 10 him
Mr. Vest wanted 10 know how II W." ss,,S sbCui
Belmont had been making INQUIRIES a aevs,i.. Ell
gold. and at whose suggestion 'ne '"''''
been made. s,., IN, ,houtl
Mr. Curtis could not say definitely, %, oa' r sisE
that Secretary Carlisle had commuh.SaSmsr- N
Belmont on the subject. As ne reihs''eees A. mrts
syndicate had offered TO sell some my Er
thriy-year 80. per cent GOD BONDS t,sr cc:ss.
ported this TO Secretary Carlisle ana az ~; re:
alton the Secretary replied that ne cou',u nrc,r "a
this proposal soon after this nss ~. visit ar.
eotiations with the syndicate were closed S.sa
Contract was drawn by Messrs ~. M9'g 90 hs.stsrr
and himself. |, was then suomittea. ~ i,,orsg
Carlisle who with Secretary Olney .hes I'm 81 10
General made some changes IN t. me me- pecsst
contract was suggested by the Treasury
ment. 49, vo-k m wetnes'
day. and Will holi pubic hearings al ON IN thursday
Wessrs Morgan, Belmont and Ste.son wl WI NJ
and on FRIDAY Messrs. Jordan ana S ss desires TO
Graves will also have hearing II Nv