The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-06-11
NOT CREDITED BY THE MEMBERS.
Army Expedition to Move from Key
Nest on Cuba.
PROPOSED NEW BOND ISSUE
discussed and Secretary Cages
Plan of Distribution Approved.
fspccinI pIspa,ch 10 Tho Post.)

Washington, June 10. The cabinet meet.
ing today was devoted almost entirely TO o
discussion Of the $500. 0oo, 900 OF bonds that
now pending in congress. which will doubt
less be law in few days. Secretary OF
the Treasury Gage has his plans, showing
that he had arranged for placing the bonds
on sale at 60. 600 placcs--postoffces express
offices and banks being designated. In or
der to make the issue as popular as pos :
sible, II has been decided to allow the peo-
pie 10 bid on the bond OF the smallest de-
nomination. which Is $50.
The bonds will be advertised for thirty
days. Then the persons bidding for the
smallest numbers will be accommodated
FIRST. The persons desiring one bond Will
be served, then the persons wanting two
bonds. and so on
When the popular demand has been sat
isfed the remainder will be punched and
sold TO a syndicate.
Secretary Gage expressed the belief that
The people would take oil the bonds and
that syndicates would not be called upon
Washington. June o.--All members of
tho cabinet were present at to1oys meet
Ing including Secretary Long. who has had
to make use OF crutehes to save his lame
ankle
The rumor that several Spanish warshlps
are lying off the coast OF Cuba In walt for
our transport ships having on boarl the
army Intended for Santiago Is not credited
by members OF the administration. Never
theless the government Will run no risks of
a meeting of the Spanish squadron under
such adverse conditions and the TRANSPORTS
viii not be permitted to move until eur
fleet is prepared to make the trip perfectly
safe from attack by any naval force TIE
spanlards can bring against them.
1t is expected that within two or three
days the army expedition will move with
all possible haste from Key West on CuAu.
The proposed bond issue under the new
war revenue bill was discussed at to tara
meeting and Secretary Cages plan OF dis.
tributon was approved. Under the torms
OF the bill, an 1t passed the house yesier-
day, the secretary is required to allot me
bonds to those making application there
for In sums of $50 and upwards. the
smaller amounts asked for to be aloaal
first.
II is expected that the first issue OF 5000
100000 viii be largely oyersubscribed. TN.
general circular OF instructions to the prt-
lie will be issued by the treasury depart
ment almost simultaneously with the slsu-
Ing OF the act by the president and every
available means Will be used through the
postoihces. banks, express offices, etc, OF
tho country. to place very large proper
ton OF the issue among people of small
means.
Tho question OF customs tariff ard a
system OF internal revenue taxatila for the
Philippines also was under discussion.
The present scheme OF customs duties ur;il
recently enforced by Spain probably will
DO continued for the present at least. but
the present burdensome system o. Internal
taxation will be done away with ana some
thing more in line with our own laws suh
stituted therefor.
1t is believed that the president nov
has the whole matter before him ana ma,
he VIII take action thereon within ,b.
next few days. The collection OF .hes, rev.
enues VIII be delegated to the army q
occupation and fun instructions viii be Sent
to General Merritt.