The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-01-07
VIEWS OF CONGREssMEN.
How Secretary Cnrlisle's Bond Call
Was Received by Legislators.

Was Received by Legislators.
| WASHINGTON, Jan. 6.-Senators did not
seem disposed 10 talk about the bond call
| issued by Secretary Carlisle to-day The
| Democrats generally were noncommittal.
| Senators Harris and Vest, both members OF
| the finance committee, said they had not
read the call, and had nothing to say. Sen
ator German said the call was all right,
and was the same as the first two bond is
sues by this administration.
There were not many Republican Sena-
tors about the Capitol. Most of them were
reticent as to the call. Senator Morrill,,
chairman of the finance committee, said
there was nothing TO say about the call;
that it spoke for itself. Senator Teller said
he was gratified that the President had de-
cided on popular loan, and he had no
doubt the people would respond in a way
to justify the course decided on. Mr.. Tel
Ter did not believe that the entire sum of
For himself, ne did not consider that any
bonds were demanded, and he thought that
even from the Presidents point of view a
smaller sum than SlO0,ooo.C0O would be suffi-
cient.
The call was an entire surprise at the
House. for 1t had not been expected TO
appear before the middle Of the week, nor
had its terms been anticipated. The plan
is generally approved by members OF both
parties VINO DelleVe lnere Is 2 necessity IOr
bonds and these who are opposed to bond
issues altogether think that the ~call for
lids is much better than the arrangement
with the New York syndicate, which was
| generally expected. There was some dis
| satisfaction expressed because the Presi-
| dent had not seen fit to wait until the Sen
ate had acted on the House revenue bill.
bond bill will pass the Senate. Among the
Democratic enemies of bonds talk was
heard of a resolution declaring the senti-
q House s.
suance, but this was considered impracti-
cable, well as exceedingly unlikely to
pass.
Mr. Cannon, chairman of the appropria-
tions committee, said of the call: "As /
understand it, the proposed syndicate ar
rangements substantially looked toward
placing the bonds in the United States. If
these bonds were now ready for delivery
and the country understood that they could
market price for similar bonds, l have no
doubt the banks would take thems to in
crease their circulation, using the gold in
their vaults to make. payments. L hope
they will do so, as the bonds run for thirty
years, and no doubt be bought a
three-per-cent. basis, and would yield a
on that basis"
Mr.. Walker, of Massachusetts, chairman
OF the banking and currency committee,
said: when the President has chance
to issue ten-year bonds and issues thirty
year bonds, he does an acr that VIII be uni
vers3iy % aols n tne i, near Intpre m e. II
the bonds will be paid even at q considera-
bic premium before ten years and probably
within five, and Will execrate the men who
have bound them hand and foot for thirty
years.
Mr.. Hepburn said: This call places Sen
ator Hill ia rather queer light, after his
assertions that nothing or the sort was
contemplated. 1t looks as though his de-
Tense of the administration was unauthor-
lied
Mr.. Dingley, chairman OF the ways and
means committee, declined to be quoted.
The general opinion of the Republica rs
seems 10 be, however. an approval CT the
determination OF the President to offer the
bonds TO the people, but regret was ex-
pressed that an invitation was not extended
to the public to take the bonds at once. A
general fear was expressed that the delay
OF month before the result Of the offer
could be ascertained might have a depress-
ing effect business and might imperil the
gold reserve too much.
Mr.. Patterson, Democrat said: "I thor
oughly approve of the circular. I think it
will be popular and successful. i am glad
the clause is inserted that gives the public
an opportunity to bid under the provisions
CT the House bill in case it passes the Sem
for the loan places the administration in
the best possible attitude
Senator Elkins, whose resolution last Fri
day declaring against the sale Of bonds by
private contract caused a sensation in the
Senate Is to-day very we'll satisfied, and
says that he Will not press 1t further, as
the result for which 1t was introduced had
been accomplished in the call for a public
bond sale.