El Paso International Daily Times (El Paso, Tex.), Vol. 15, No. 37, Ed. 1 Wednesday, February 13, 1895 Page: 2 of 8
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SI Paso Daily Times, Wednesday, Feoruary 13,1895.
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THE NEW BOND ISSUES.
CARLISLE MEETS THE WAYS AND
MEANS COMMITTEE.
The Contract With the Syndicate Bead to
tho Committee—A Sab-committee Ap-
pointed to Prepare a Plen-It le Expect-
ed the Committee Will Drop Partisan-
ship and Agree Upon a Plan.
Washington, Feb. 12—The house
committee on ways and means con-
sumed one more of the ten days within
which the treasury has an opportunity
to make the new bonds payable in gold
and made deolded prepress toward an
agreement un a plan to be reported to
the honse.
•‘Those in power were ashamed to tell
the ways and means oommlttee that
they had made a contract for sixty mil
lions of dollars a( six par cent—a high
er rate of interest then bonds sell for in
New York. Shame on it; traitors,
they ought to be impeaohed. I mean
what I say. They made aoontraot which
they were ashamed to reveal to the
ways and means oommlttee and then
pledged the oommlttee to Beoreoy ebont
the on tract. The secretary of the
treasury refnses to answer a question
about the oontraot. If there had been
the slightest genius of government,
or trnthfnlnees or good faith, the
bonds ooold have been sold from 2%
down to £2 per cent. Oh, shame on
these men.”
BIG CITIES EDUCATE
One Must Think Quickly and
Keep His Wits.
After being oloseted for two hours
with Secretary Carlisle, the committee
talked over the situation, delegated
the framing of an agreement to a sub
0 immittee of three Demoorats and two
Republicans and late In the afternoon
learned that its sab oommlttee had
dropped partisan differences and found
a common ground. The resolution re
ported by the quintette at the la*t
meeting was one authorizing the
teoretary of the treasury to issue $63,-
000,000 in 3 per cent bonds payable in
gold with the proviso that none of the
prooeeds shall be used for current ex
penBes, and the farther provision re-
quested by Seoretary Carlisle repealing
the law whtoh requires the government
to redeem National bank notes, and
requiring banks to redeem their notes
in the first instance.
Mr. Reed believed a wiser plan would
be to provide for increasing the reve-
nnes.
Mr. Wheeler, Democrat, of Alabama,
offered a resolution reciting that Sec-
retary Carlisle had admitted that the
issue of gold bonds would compel ail
future Issues to be made payable lu
gold, that bimetallism had been de-
clared to be the polioy of the govern -
ment; that this would be an abandon-
ment of bimetallism and therefore de-
claring the oommlttee considered it
inexpedient to adopt the president’s
recommendations.
Mr. Bryan, Democrat, of Nebraska,
offered a resolution recommending
that the seoretary of the treasury pay
all obligations of the government in
either gold or silver, whichever it was
most convenient to use
Seoretary Carlisle presented a oopy
of the contract called for It is drawn
in legal form aud bore the signatures
of John G Carlisle, seoretary of the
treasury; J. Pierrepout Morgan, for J.
S. Morgan of London; August Bel-
mont, for N M, Rothschild, and was
witnesr-ed by Francis Ljuds Stetson
of New York.tormerly President Cleve-
land’s law partner.
Theprinolpai features of the oontraot!
were made known in the president’s
message. Upon one point the secretary
particularly enjoined the oommlttee
to maintain secrecy, and that was re-
garding the dates for making the pay-
ments for the bonds. He asked for
Beoreoy, he said, at the request of the
financiers, who have agreed to take the
bonds because they feared the bankers
would oorner the gold of the world
against them if the time it would be
needed was known. Accordingly the
oommlttee adopted a resolution piedg
ing its members not to reveal the terms
of the document so far as it concerned
the payment.
When Mr. Reed asked why the plau
whiotr be recently proposed as a sub-
stitute for the administration bill was
not a satisfactory measure, the secre-
tary quoted a feature of the act of 1874
which had not been before noticed in
the Unauoiai debates and wbioh seem
ed to greatly invalidate Mr Reed’s
scheme. This clause binds the score
tary to the redemption of national
bank notes by treasury notes when the
holders request it, consequently the
withdrawal of the greenbacks into the
treasury, the seoretary said, would
not stop the drain of gold upon it, but
would merely add another step to the
prooers of obtaining gold, as financiers
con d prooure the nationol bank notes
andseoure treasury notes for them. In
effect therefore, the government is
bound to redeem bank notes In gold.
To obviate this difficulty, the seoretary
ry Bnggested that the oommlttee adopt
a plan to compel the national banks to
maintain an agency for the redemption
of their notes and relieve the treasury
of all harden in the premises.
Seoretary Carlisle admitted that the
bankers practically had the govern-
ment at their mercy and he was obliged
to aooept the best terms that oonld be
made with them. That better terms
oonld have been scoured he denied em-
phatically, relating somewhat in detail
the views of the different financiers
with whom Assistant Seoretary Ourtls
had talked on his trip to New York,
and those who h*d visited Washington.
He assured the oommlttee of his stroDg
hope that the forthoomiDg bond issne
would maintain the gold reserve at its
high water mark for several months.
Mr Tareney, Demoorat, of Missouri,
offered a resolution to empower the
seoretary to lBsne three per cent gold
bonds whenever the needs of the treas-
nry might require them, with the pro-
viso that the prooeedB were not to be
used to pay current expenses.
Then a sab oommlttee was appointed
to draft a plan with Wilson of West
Virginia, Tamer of Georgia, and Mc-
Millan of Tennessee, Demoorats, and
the Republicans ohose Reed of Maine
and Hopkins of Illinois, to represent
them and the oommlttee took a reoess
to enable the sab oommlttee to meet
Rrpabllo.n* Will Mot Oppose.
Washington, Feb. 12—Represent-
ative Republican senators generally are
not disposed at this time to prevent
the passage of the unrestricted ooinage
bill reported from the finance commit-
tee today.
When asked what polioy they would
pursue, Mr. Aldrich 6aid: “We would
probably not oppose the bill to the
extent of trying to oonsnme time to
prevent its passage, though we should
of oonr9e want to debate it at some
length for the purpose of plaoing the
matter before the oonntry intelligent-
ly.”
Senator Platt corroborated this
statement and that he for one should
not feel disposed to prevent action by
the senate on the financial bill. If the
Democrats want to take the respon-
sibility of passing suoh a bill as that
reported, said he, I am willing they
shonld.
The Democratic leaders have not yet
deolded whether they will press the
bill this session.
Th» Li(w«atot OhMted.
New York, Feb 12—Long before
the hoar for the Lagasoogne to pass,
every point of vautsge along the north
river was oooupied. As the big steamer
oame into sight a mighty oheer rose
from more than a thousand throats.
It was 10:30 when, the big black boll
ran alongside the end of the pier. The
crowd gave them three wild oheerB and
began rushing out to get as near her as
they oonld. Her decks, whioh were
crowded with people, presented a
moving .panorama of joyous faces.
Oaptain Baudelon was discovered stand-
lug serenely at his post on the bridge.
Three oheers were given him. It was
just 11:30 when the first passenger step-
ped down the gang plank.
Tbe Debs Trlsl Postponed.
Chicago, Feb 12—Judge Grossoup
ha- postponed the Debs trial until the
first Monday in May. He discharged
the jury today on aooonnt of the seri-
ous illness of Juror Ooe.
Cleveland end Carlisle Censored.
Philadelphia, Feb. 12—At the Lln-
ooln University banquet of the Young
Men’s Republican club tonight, Repre-
sentative James H. Walker, of Massa-
chusetts, who is a member of the ways
and means oommlttee, vigorously de-
nounced Cleveland and Carllsla,
(Sold Coming.
London, F«b, 12—The Majestic,
which sails from Liverpool tomorrow
will take 51,290,000 In gold for the
United States. On Saturday $3,150,
000 in gold will be shipped from here.
Treecnrjr Statement.
Washington, Feb. 12—Today’s state-
ment of the condition of the treasury
shows: Available oaeh balance $141,-
544,800, Gold reserve $41,340,181.
SOME ( F THE PRICES
-AT THE
ar GrocerCo.
219 SAN ANTONIO ST.
Fanoy Evap. Applos, 12^o per lb.
“ Aprioots 12t|o “
“ Peaches, 12^o “
Fierce Competition Urges
Mei and Women to
Their Utmost.
Nerves and Brain First Give
Way Under the Ter-
rific Strain.
Men die in the big cities like the
trees, beginning at the top.
It is apoplexy, heart failure, nervous
prostration, shook, congestion of the
brain and suicide thuc characterizes
mortality lists in the great centers of
population.
A city teaohes one to think qutokly,
to be always on the alert and qulok to
avoid danger, as well as to see the
lucky chances It is impossible to
go slowly even if onfe has no pressing
need for harry. The rash is con-
tagions. One finds himself drawn
along by the rapidly moving orowds
and is soon harrying with the rest. It
is undoubtedly true that two thirds of
all the men and women one sees tear-
ing through the streets are in no Buoh
aotnal haste. They are merely victims
of this fearful habit of hurry.
But whether the fearful rush is es-
sential or not, the result Is the same.
Nerves and brains are exhausted, men
and women grow prematnrely aged,
times of depression follow the high-
strung condition. The entire nervoos
system must be rapidly and tally nour-
ished to prevent atter prostration and
collapse. It Is estimated by pbyslolans
that Paine’soelery compound annually
saves thousands npon thousands
of men and women living in
cities from breaking down under their
work. It builds up the snbstanoe of
the nerves and brain faster than it is
torn down by evensnoh prodigal waste.
It onres permanently all weakness
of the stomach, liver and kidneys, and
takes away any tendency of these vital
organs to disease.
Colombian Babel* Surrender.
Colon, Feb 12—Dlspatohes reoeived
by the government say the rebels who
bad entrenched themselves in the state
of Tollmar surrendered on the 9th in-
stant. Those in Ohiqninqalra will al-
so surrender. The etates of Oncdana
maroa, Boyaoa and Ouya, are in pos-
session of the government and the rev-
olution In Colombia Is oheoked.
New Stock
READ A
FAfT
GIVES
PERFECT
SATISFACTION
WHEREVER
TRIED
MADE
<1/
SOLD EVERYWHERE
THE N.K.FA1RBMK G0MPANY. St.Louis.
The New Vendome.
By the Syndicate that has lately acquired control of the
leasehold of this fine property it has been
Comp etely Remodeled and Refurnished,
and is now the Finest Hostelry in the Southwest.
Elevators, Electric Lights, special suits with baths, sunny
rooms fronting the plaza, electric call service and all modern
equipments, not to be enjoyed west of St Louis.
HO WLEY & HEATBEItLY, Props.
ONLY THE PUREST LIQUORS AT THE VENDOME BAR.
AU Delicacies of the Season at the Vendome Table.
FASSETT & KELLY,
Hardware, Stoves and Tinware,
AGRICULTURAL IMPLEMENT?,
utlery, Guns, Pistols, Mining Supplies and
AMMUNITION OF ALL KINDS.
GENT’S~-
FURNISHINQS
Most complete line of
HIGH CLASS GOODS
in the city.
Oall and see our line of
Prunes, 12^o “
“ Blackberries 12J^o per Jb
Fancy California Aprioots 17J£o 5? oan
“ Bartlett Pears 17^0 “
“ Peaohes 17}|o “
Cheese, Full Cream, loo per lb
“ Limberger, 15o ”
“ Brick, 15o “
Sauer Kraut, 60 per lb
Old fashioned Buckwheat Flour 60 ^lb
Other goods In proportion.
Scrivener’s
Elastic Seam
Underwear,
Neatest and best garment
in the mat ket.
Entire new line of Neckwear.
A. E. C ARNE,
104 El Paso Street
AUCTION!
AUCTION!
AUCTION!
-COMMENCING
Saturday, Feb. 9,10am.
J
The Auction Sale will continue until the
Entire Stock Is Sold Out
Sole agents for Buckeye Mowers and Reapers, Fairbanks’ Scale*,
iuff^o Scales,^rtw Oak Stoves, Star Wind MiHs, Giant Powder,
I. S. RAYNOLDS, Prest,
•EFFBRSQN RAYNOLDS Vioe Prest,
H. S. BEATTIE, Oashlof
U. S. STEWART, Asst, Cask
First National Bank
A General Banking Business Transacted.
MEXICAN SILVER BOUGHT & SOLD
BIG REDUCTIONS IN
FURNITURE
Window Shades Below Cost
UllmaDD’s Furniture Store
309 "OPERA H0U8E BLOCK, EL PASO ST.
KETELSEN & DEGETAU,
El Paso, Texas, Ciudad Juarez, Chihuahua, Mexioo
-WHOLESALE DEALERS IN--
General Merchandise,
Forwarding and Commission Merchant*.
BANKERS.
Sole agents for Peter Schuttlrr Wagons,
Mica Roofing Paper,
New Home Sewing Machines,
ua ifornia Powder Company,
Banco Naoional de Mexico.
Bxehange of money and drafts on all prinoipal cities ef Mexico,
and Bnrope.
Dieter Sc Sauer,
C. JUAREZ, MEXICO.
—Importers and Jobbers in Fine—
Groceries, Wines. Liquors, Havana
Aud Mexican Cigars.
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El Paso International Daily Times (El Paso, Tex.), Vol. 15, No. 37, Ed. 1 Wednesday, February 13, 1895, newspaper, February 13, 1895; El Paso, Texas. (https://texashistory.unt.edu/ark:/67531/metapth540536/m1/2/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Abilene Library Consortium.