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Show M.IJOTIATIOSN IIITIl niMttiie. Neeretnrr rll.U' l'ropllun. Mlialllm llaiilttra Hill llu. Ntw Vouk, April 25. Becrotary Carllele't propoaltlon to the New Vork bankers jestuday Is understood to uavobeen tlilil Ho wished to know whether they would lend the government govern-ment $30,000,000 lu gold for one year, from May 1, the loan to be scoured by leu-year government S par cent bonds tobeluudat 117, which would be equivalent to a 8 per Cent bond. The terms of this propoaltlon wero that the bonds would bo plaoed In trust Willi the secretary ot the treasury or the tub-treasurer and aa tho banks turned lu the golj, certificates were to bo (sailed to them thetelor. At the end of thu year tho government was to have the option of paylug oft tho loan In gold with 3 per (.out Interest. If the government could not pay the loan In gold at the olid of a year, then tho banks ware to surrender their certlft-oatsa certlft-oatsa and take theamouut if bonds to which tbey were entitled at 1171. The antwer of the bankers to the propoaltlon waa that their gold was heldlnrtservo required by law and II surrendered for bonds not curreut money It would have to bo replaced lu other raouoy, which would mean that they would have to pull lu lueua to an iqual amount. The reault would boa very stringent money, iihape a panic. What the binkere are willing to do, atthough they have not made tho dl. irotofler, la this: Thty will turn over $30,000,000 In gold to tho treaiury do. partmeut If It will Iiauu lu exchange certlllcatea or notes bearing sjf pr centlnttnetwhloh can beooiiiiud lu lliureaervuand he uied luthoaettle-meat luthoaettle-meat of balancca at the .clearing houae the tome aamouey, uud which will bo received for balances due tho tub-treasury tub-treasury and bo reltsucd In exchange lor greenbacks or legal teudtruotsr, riieLertllUalesvould Lo the same si thu old clearing houio certllloutis, itsuedagalntt collateral which, In ttlli luatauce, would be gold II IK oyyru itKtutEU. WAelilNOTOM, U.O., Airll it. At tho caolnet meeting this atttrnoon Secretary Carlisle brought up the propcslllon of the New York bankers to supily under ctrlalu conditions thu Ircaaury dcpiiitment Willi gold. It was very thoroughly dlacuitod and finally njeited. |
