Show PRESIDENT WRITES MS A LETTER LEITER he is amazed at extreme partisan intolerance NO SYNDICATE arrangement ENT the secretary of the treasury from the first was in favor of popular subscriptions sub script tons instructions issued to guide bidders tor for bonds indians indiana bankers Baji kers will subscribe for or the issue J 1 washington jan 9 atha the debate orl on the elkins resolution in the senate iaac friday when the administration was accused by several senators of having entered into an agreement with the tha syndicate to float tho the expected issue of bonds ts Is the subject of a letter writ ton by president cleveland to senator caffery Caff cry tho the knowledge that such a letter had been addressed to mr caffery ery was obtained tonight and the abo letter was waa made public by the latter it Is in the handwriting of tho president and covers six pages of closely written note lots paper it la is in full as follows executive mansion masslon Ma aslon washington january 6 IM my dear senator I 1 have bavo read t tody in tho the congressional record tho the d in tho the senate on J ur the financial 1 situation and bond nd issue islea I 1 am at tho the into that leads even excited ap to adopt I 1 as a basis ot of attack tho the unfounded accusations cu I 1 and assertions of 0 a maliciously mendacious and sensational newspaper I 1 NO 20 banker or Jun ancier nor any I 1 human being has ha been invited 10 I 1 I 1 washington for tho the purpose ot of in any vay may or mannor manner tor tho the disposition I 1 of bonds to nici tho the present or fuguru neals ot of the go flotd I 1 d reserve er I 1 no arrangement arran Rement of 0 any kind hind has baa been anade lor for tho the disposition of such bonds bond I 1 to any syndicate or through tho the agency of any syndicate I 1 no assurance of such a disposal ot of bonds bond g has to been fen directly or indirectly riven given to any dersom coreon in point ot of fact it 0 oat elded leaning towards a popular to loan I 1 and a m d a d v cr U in g fo or r alda b id a has haa awn plainly ly ox h tb L c al 0 on ll 11 th tho 0 D port ax t 0 of f tho h 0 ra I 1 uon at al all times athen hea lt tho h 0 subject was under discussion I 1 choso charged with the responsibility I 1 of maintaining our rold gold reserve so I 1 lar r I 1 mi as legislation renders it possible liaa hava e an anxiously bously conferred with each other and ns occasion permitted with lah the tholo knowledge of 0 financial affairs and political I 1 mon clAry con condl d buo tlona ast a s to tho basc b t t and most dav favorably favor arab orab ablo le n meana liea n s of af eu leeg I 1 bonds bond tor for cold A the unusual importance of a successful I 1 result it if the attempt la is again made ought to bo be apparent to every american citizen who he bellows upon tho the subject a moments thought tho the secretary of tho the treasury florn the ite h first moment that the of another sale of bondt bonds seemed to bo be ap preaching PrO Aching desired to offer thern it if la Is glod to tho the people by pub public to advertisement if they could thus be successfully disposed of atter after full consideration lio ile camo came to the conclusion to which I 1 fully agrio that tho the amount of gold cold in tho the reserve being now t scow moro more thun it was waa in february lot iu sojo sale of bonds waa as mado made to a syndicate and other condl cond tiona lOons differing from then existing justify us in offering the bonds now about to bo be issued lor for sala sa la by popular subscription this lu tho the entire matter and all tho choto a particulars could have been easily 0 obtained b I 1 detilly by tiny member of the b to b by y aim simple le In inquiry icv if mr r morgan or any one else reasoning fr 0 hla his own standpoint broughal f to tile bel belief e f that tho the government would at length bu bo constrained to 13 again sell bell bonds bonda to ft A syndicate I 1 suppose ho he would allow that the re presenta alve of tho the government would havo ft 11 perfect right it he chose to take lake such steps as to him prudent to put himself in condition to negotiate I 1 expect an I 1 esuo 0 of f bonds will bo cul ad vort lyod for sale tomorrow and lila that t bids will bo be invited not only for those now allowed by law but tor for such other arid and different bonds as congress may auth orUa orue during tho the of the advertise i mr not having had an opportunity to confer I 1 with you in person sinco tho the present 1 session of congress bean and noticing 1 dour participation tn in the debate of lust list friday I 1 havo thought it not amiss to I 1 put t 3 you ou I 1 in in possession session of the facts and information I 1 yo to herein pos rein contained yours very truly GROVER C EVELAND CLEVELAND I 1 |