| Show MORE BONDS COMING CLEV ELANDS proposition TO THE BANKERS twenty five rive millions of F our per cent cant bonds on a three per cent basis new york tork nov ag the journal I 1 this morning says president cleveland has decided that ho he will not wait for action by cengr congress ess before making another issue ot of bonds the washington authorities are already in correspondence spon dence with the new york bankers relative to the issue and it Is probable that the bankers will accept their proposition here Is the proposition when the gold reserve falls to 0 the banks shall deposit 2 worth of gold in the sub treasury and take in return 4 per cent bonds on a 3 per cent basis the decline of the gold reserve to a danger point last spring forced the government to pay 3 per cent for the gold procured from the belmont morgan syndicate credit has been rees established reestablished re es by that operation and the administration desires to take advantage of the greater business confidence now prevailing to secure tho the gold at the low rate of 3 per cent |
