| Show views of legislators and bankers on the proposed bond issue washington jan 6 senators do not teem disposed 10 talk about the bond call issued by secretary carlisle democratic senators generally non committal senators harris and vest both members ot the finance committee eaid they had not read the call and lad nothing to eay senator gorman said that alie call was all liht and was the canoe aa the am t two bond issues by abia administration there were not anany kepueli can senators around the capitol can itol moat of them were reticent as to the cull senator myrrill faai 1 that there was nothing to say about the call that it for ithell it fell senator teller eaid lie wae gratified that the president biad decided upon a popular loan and he had no doubt alie people would respond in a way to justify the boime decided upon mr teller did not believe that the entire euin ot asked for would by necessary for himself lie did not consider any bonds wera demanded and he thought that even from the presidents point of view a smaller sum than OCO would be the cill was an entire surprise for the house for it bad not been expected to appear hegoro the middle of the week nor had its been anticipated the plan is generally approved by of both parties ato beligio there is a necessity for bonds and thoyce who are opposed to bond issues altogether think that the call for bida ig much better than tho arrangement with the new york syndicate which was noner expected there was some dissatisfaction expressed the president biad not eccli fit to wait until the senate acted on the house revenue bill although there ig no expectation that alie bond lill will pass the senate among the democratic enemies of bonds talk was baird of a resolution declaring abo of the house to bo but thia was considered impracticable M well a exceedingly unlikely to paes mr cannon chairman of the cpr privations committie said of the call As I 1 understand it the propose syndicate arrangements substantial looked toward placing tho bonds in ali united states if these bonds were nov ready for delivery and the country un der stood that they could be had for or which is biow b the market for similar bonds I 1 have no doubt thi banks would take them to increase theia circulation using the gold in theia vaults to make payments I 1 bobo bopo the will do eo as the bonds run for thirty years and can no doubt bo bought an s 3 per cent basis which would yield email profit to the banks for circulation on that babis mr walker of massachusetts chairman of the banking and currency committee eaid when the president has a chance to issue ten year bonds and issues thirty year bonds he does an act that will be universally condemned in the near future i not today the people will demand that aliese bonds be paid even at a considerable premium before ten years and probably in five and execrate the men who have bound them hand and foot for thirty years mr rep la said this call places senator hill in a rather queer light after his assertion stating nothing of the sort was contemplated it looks as though his defense of the administration was unauthorized mr dingley chairman of ane ways and means committee declined ti w quoted the general opinion of the republicans beems to be however an approval of the determination of iho president to offer the bonds to alie people but regret was expressed that an invitation was not extended to the public to take the bonds at once A general tear was expressed that tho delay of a month before the result of the oner could be ascertained might ibave a depressing effect on business and might imperil thy gold reserve too much mr patterson dem tenn 1 I heartily approve of he circular I 1 think it will be popular and I 1 am glad the clause is inserted that gives the publican opportunity to bid under the provisions of the house bill in case it passes the senate the to let the public bid for the loan places the administration in the best possible attitude new york jan 6 the world tomorrow will say in response to an inquiry sent out bunday by the world the national banks of the smaller cities and towns of the country within ten hours yesterday pledged themselves to anka over of government bonds upon a 3 pcr cent basis these were the hard and 8 edifying the amounts to be taken in addition hundreds 01 banks declared their willingness lin gness and indeed eagerness to sub scribe but for various reasons were un able to name any amount it cannot be doubted that these banks represent at least another fifteen mill iodie all these answers were in reply to a query as to what the banks woud invest in bonds on a 3 per cent basin this means practically the payment of abigt or aboud for the bonds proposed in secretary carlisles call boise ida jan C alie boise city national bank today received the fol lowing inquiry from the new york world bobee city national bank wo today ask all national banks whether if the president makes a call to replenish its gold reserve they will consider it a patriotic duty to take bonds on a 3 par cent basis will you and to what extent in reply cashier eoff as follows we should be willing to accent bonds if authorized to be issued by the president to the extent of our capital at 2 per cent if so provided that the government would isaku circulation to the par value of bonds and remove tax of 1 per cent of circulation and national bariks batiks on the pacific coast would do the pa me BOISE ams ams alfred eos cashier baltimore Halt imore jan 6 A number of baltimore financil 1 institutions will respond to the call of secretary carl ele for bids fur a gold loan it is expected that bids aggregating 1 will be offered from this city these rids will come chiefly from national bank which to use the bonds as a basis of inci eased circulation and from other institutions representing investors gen john G gill president of the mercantile trust company himself us a strong believer in such a loan his company ia arranging for a subscription to it of president ramsey of the national exchange bank eaid he expected to tee the loan a success and that liis bank would want of the bonda new york jan 0 the world today flays stephen H Emmons who is president of a gold mining company at no 1 Broadway has sent an open letter to president cleveland offering a ur plan tor maintaining tho gold reserve lie aard in part if the secretary of the treasury will put himself in communication with tha owneta of gold nanca throughout the auntry ou he can tho entire gold production of tho united states 0 o bo placed at the dismal of the government in exchange for silver co n so far at any bateas the mines which I 1 personally p edees or direct are concerned I 1 am willing to undertake that their output of goli a ery considerable amount shall thus be dealt with and there can not he anny doubt of any other american Amei ican gold mining corporations being ready to do the same tho assistance thus obtained by the government will not involve any bond leeuw aud will not saddle alie nation with any interest charge or remuneration it will add to the volume of home currency and at ahn edme time it will equally increate the amount of international in the trea ury opinion of foreign bankers new york jan 6 the world tomorrow will publish the following cable grams london jan 6 to the world new york in answer telegram of I 1 the ath sye beg to eay that under ardi I 1 nary circumstances circum ato would never venture to offer an opinion on any financial which is under discussion by foreign governments or legis j lasures la tures but wo are always ready to give our advice on any practical fical issue when called upon to do BO by those who have power to act last year when there was a financial crisis in the united states we made an offer far a 3 per cent gold loan and fill f ill ing congress refusing to give alie treasury power to enable such an issue to be made we undertook others to place a certain amount of coin bonds As you have dene ua the honor of asking our opinion we must tell you very frankly ahat in our judgment the severe finau ciul sit nilion at is chiefly caused by alio political crisis und as soon as the american and english governments ern ments have satisfactorily settled the quei liona at issue the financial atrin will be considerably relaxed if it does not altogether disappear until athla boundary question is ar ringed we do abot believe european capitalists will talce american bonds or investment and we be cievo that a number of people on this side of the atlantic have ciui fied intention of taking a ehara in alic syndicate to bo formed in new york they have only done BO in the belief that at the present moment they would obtain terms which would enable them at cure to taft bonds in america when the political horizon is quite clear and it is finally established in the minds of all men that the good feeling and understanding which exists in the hearts of the f england and america is beyond doubt and is accorded and ratified by the tw governments covern ments then will be the time and opportunity fr america t apply to the british capitalists we offer no bow this is to bo accomplished it is tor the govern abent to decide between all we can eay is that the good feeling exists among our people on chii eido ana you sir have proved by your patriotic efforts that it bisti n your tide of the atlantic N M A BO berlin jan 6 hot having taken part in the negotiations for a new joau we think it inopportune to give an opinion on the subject 8 A co banken london jan G in ray official capa ity I 1 cannot express au opinion GOVERNOR BANK or ENGLAND london jan C cannot express an opinion as to continental investors doubt if sufficiently attractive here in form bankers london jan 6 in our opinion tho funess or otherwise of an issue of american bonds in england would depend on the feeling existing between the two countries at the time of the issue onilda go paris jan 6 believe investors would re edily take united states threes principal and interest luid in gold but coin and currency bonds even 4 pir pi r cents would find verj limited market co bankers london jan 6 your inquiry refers to united states bonds expressed in coin an expression regarded here and on the continent as equivocal and dubious we dont belive any such 3 per ent bonds would be taken abroad in ordinary times a 3 per cent united states loan expressed in eold would no doubt go well here and on the continent but these are exceptional times and at present even that kiy be uncertain in our opinion also the absence of email hoi irile 1 saving in the people of the united stale euch aa among the french farm the support of popular loans makes a popular issue in the unibee states unpromising D shipley co bankers pari jan 6 french capital would largely participate in united states loabe provided principal and interest be payable in gold terms would depend on circumstances |
