The evening world. Newspaper, February 8, 1895, Page 7

CLEVELAND'S BOND MESSAGE, He Informs Congress $66,. 000,000 Four Per Cent. Loan Will Be Issued, <4 FER CENT, iss a Option to Substitute 3 . Cent. Gold Bonds Within Ten Daye OST OF THE ISSUE GOES ABROAD tys He Was Forced to the Action | By Failure of Congress at To Act. ‘WABHINGTON, Feb. 8—The Presi- ent to- nt the following message > Congress ‘o the Congress of the United States: Since my recent communication to the Congress, calling attention to our finan- cfal condition and suggesting legislation which I deemed essential to our national welfare and credit, the anxiety and ap- prehension then existing in business cir- cles have continued. As a precaution, therefore, against the failure of timely legislative aid through Congressional action, cautious preparations have been pending to em- «Ploy to the best possible advantage in default of better means, such executive @uthority as may, without additional legislation, be exercised for the purpose of reinforcing and maintaining in our Treasury an adequate and safe gold re- serve. 5 In the judgment of those especially charged with the responsibilty, the busi- ness situation is 90 critical and the leg- islative situation is so unpromising with the omission thus far on the part of Congress to beneficially enlarge the « powers of the Secretary of the Treasury in the premises, as to enjoin immediate Executive action with the facilities now at hand, Therefore in pursuance of section , 8700 of the Revised Statutes, the details of an arrangement have this day been concluded with parties abundantly able to fu:fil their undertaking, whereby bonds of the United States, authorize under the act of July wM, 1 payable in coin, thirty years afte their date, with interest at the rate of 4 per cent. per annum to the amount of « little less than $62,100,000 are to be issued for the purchase of gold oln amounting to a sum slightly In ex- Eress of $65,000,000 to be delivered to the easury of the United States, which um added to the gold now held in our serve will so restore such reserve as lo make it amount to something more fhan $100,000.00. f Such ® premium fs to be allowed to the Government upon the bonds as to fix the rate of interest upon the amount pf gold realized at three and three- fourths per cent. per annum, At leaat one-half of the gold to be obtained is to supplied from abroad, whch ts a very Hmportant and favorable feature of the transactio: . ‘The privilege 1s especially reserved to ithe Government to substitute at par within ten days from this date in leu lof the 4 per cent. coin bonds, other bonds in terms payable in gold and bearing only 3 per cent. interest, if the issue of S¥the same should in the meantime be au- thorized by Congress. The arrangement thus completed, which after careful inquiry appears in present circumstances and considering all the objects desired, to be the best attainable, develops such a difference in the estimation of investors between bonds made payable in coin and those specifically mude payable in gold, in favor of the latter, as is represented by three-fourths of a cent in annua! in- st. ‘fim the agreement just eopeluaed: the Ving in interest to the Gov- darned per cent. gold bonds should be substituted for 4 per cent. coin bonds inder the privile reserved, would be 4599,159, amounting In thirty or it the maturity of the coi bonds, to 7 Te. i Of course there joubt in any quarter as to the redemp- jon in gold of the bonds of the Gove! nent, which are nade, payable in coln. e, the discrimination e yond obligations payable th coin and [hose specifically made payable in go is very. significant. ria It is hardly, ne st thi Aaiitet ene. went pf those with whom we m M disposing of our bonds for Me subject to our dictation. 1 have only to add that in my opliic the transaviton here led for At, fhe rmation of the Congress, prom! peter results than the efforts previou Made in the direction of effectively {ng to our gol reserve throux iB jonds, and 1 belive it wil far as such action ces, to meet the determination cumstaa ia the law repealing the silver ipchawing clause of the act ¢ tego and that in the language eaiing act (he arrangement m pealing avorts to. “insure the mainten- fnce of the parity in value of the coir of the two meta vids puwe of every dollar, a rkets and in the, me GROV ecutive Mansion, F Tx*fhe fouse. the ™ ferred to, the Ways anc mittee. Chairman Wilson be promptly taken up. THE BOND CONTRACT. 1 Be Signed years, never should be @ nts OF ay oR CLEV Fed, 8, ans says it will w Ht Is Said that It WASHINGTON, Feb. §—The bond contract will be signed this afternoon. It is thought the President's action and message will force legislation, though there is bitter critivism showered upon him for the high rate of interest at which the bonds have been negotiated. It Is understood that the plan adopted by the Bercetary of the Treasury and pads @ part of the contract with the Mikers Is the same under which Jay Cooke @ Co negotiated the placing 6 ,000,000 6 per cents. in Europe in 187 The Dankers then subscribed to $10,000, 0 at once and $5,000,000 a month there- after. The pubscriptions was, HL made of deposit therefor to the Secretary of The subscribers to receive as commission: main of the one-half by ‘aw, after ; sued by the banks the Treasury. the loan were to is what might re- neihalt per cent. allowed i the expenses of pre- paring’ the Donde ‘and making the loan, 7hia comminai n Was considered a very an one and far below European countr: PGMs The bond call will be similar to_none which has been tssued since 1870. A different rule is fixed for the bonds which are to go abroad and for. those Which are to be placed in the United States, but notwithstanding the seem- Ing difference, the result to the Treas- Herta be, the same. Just what this difference is cannot be learned at the Present moment, but it is understood to be due to a difference in the terms of contrac < Whereby the Treasury se- dVvantagesus conce: bonds Which ko abroate on OF the Fo pay for the bonds which will go A gold will be imported, and al- arrangements have nN com- ito secure it. The gold may not hipped for several weeks, as owing to the ex stormy weather the tisk has n greatly increased. pavction 3700 R. 8, under which the sident has acted, reads as follows: if the ‘Treasury may purch; the bonis or ‘Rolex of. the horized by law at such. rates terms ax he may deem most ad- the public Interest This act was passed March 11, 1862, SENATORS ON THE MESSAGE. HIM Says Cleve! Has Put Re- sporalbility on Congre: WASHINGTON, Feb. 8—The Presi- dent's message received unusual atten- tion in the Senate am “I don't care to discuss it," sald Sen- ator Sherman, of the Finance Commit- tee. “It is a clear and well written document. As to the policy indicated, we are so divided that I prefer to say nothing.” Senator White (Dem., Cal.) sald: ‘If the interest saving Indicated by. the President could be made without tak! ‘is other loss, it would be well to save Senator’ Teller (Rep., Col.) declared the silver men would not be moved by the President's appeal for gold bonds, He also predicted that the gold secured by the proposed issue would out Just as it had gone before. There wat ho real advantage in selling the bondi abroad, Senator Hill, of New York, sald: “The President unloads the responsibility for the present situation on ngress."* Senator Brice, of Ohio, sald: ‘The power of the Govermment to maintain its eredit and the parity is unques- toned. Legislation provides for this, The cost of so doing is another matter.” Senator Washburn (Rep., Minn.) said: “It is fortunate we have a President who has the nerve to ao his duty un- flinchingly.”” Senator Dubois (Rep., Idaho) said: “It is what we all expected and there was no necessity of sending & message to Congress," —= NEW BOND BILL IN SENATE. Introduced by Lodge and Provides for #1,250,000,000, WASHINGTON, Feb. &.—Senator Lodge to-day, by request, introduced a bik to provide for the Iseue of $1,250,- 90.00 worth of bonds, payable In ‘gold coin at 21-2 per cent. interest, to run for from ten to twenty-five years. WALL STREET SURPRISED. New Loan Te: Not Thought Fav- orable to Government. the | July 1, | I | The bond issue message was a surprise to Wall street, as it was generally ex- pected that the issue would be at least 100,000,000. Bankers generally seemed to regard the terms of the loan as anything but advantageous to the Government. ‘The firm of J. P Morgan & Co, has just recelyed ‘the following telegram J. Plerpont Morgan from Wash- the Secretary of the standard Americal per ounce, F 4 per cent. Mesxnge Read to Congress, Wash! Feb, the President's message had been read it was re- ferred to. the Finance Committee on motion: of Senator Gorman. At about the same time it was read in the House, a RACING AT NEW ORLEANS. Cold Weather Forces Jockeys to Wear Earmaffs While Ridi (Spectal to The Evening World.) RACE TRACK, NEW ORLEANS, Feb. &—The coldest weather here in twenty years was marked by a drop in temperature to 14 degrees this morning. ‘At the track, however, the going was fair although a trifle frozen, A good programme was down for decision, but the attendance was only about 1.500 per- sons, the lightest of the meeting thus ar, ‘The jockeys wore ear muffs, and the starter ‘vas instructed not to waste too much time with bad actors at the post. Jack MacDonald's former property, Old Dominion, won the first race and’ was ridden by Midgley, As good as 20 to 1 was laid against him at one time. FIRST RACE, Selling; stx furlong Starters, OM. Dominion, Betting. St. Hif-Fin. 108 (Midgley)20-1 Bel @ 2h 1 J HI) EY Miss Lilly, 106 (Thorpe) Miss Lilly and Panway ran three fur- longs on t, which settled thelr Ansonia got away in the lead, but soon gave way to Ludlow, who led ‘into the stretch, There Old’ Do- minidn, who had been laying second, came ay and won handily by two lengths from Hodgson, who got away last idlow a’ poor third, six ngths awa) SECOND RACE var-olds; three furlongs Bertlne HIL Pin. (H. Williams), . Hunt set the to the stretch Bombard, ‘The the three was @ nning by a head . Who was a length in nector Hunt, ‘The winner be- H. & D, H. Morris, Time— nd Inspec r leadi ean a | trom front of THIRD RACE Betting. St. H 52 4-6 6 il et 3 Uf. Fin, nd White led to the quarter, trunner headed her and led where a general closing up w to th B, Cox toak command at took pl the t the stretch, and was never headed, winning cleverly by two lengths Rally. Lord Willowbrook was ‘Time—1.60 3-4, FOURTH RACE, nix furlongs. from third. Selling; idk arters, welghts and Jockeys. heron, a Mec us (He Shields) (Soden) 1h iNeweom) 106 HL Phil, 1S (Mayberry) theron won, Herman was second. Merritt was third Time—1.20 1-2. MADISON RESULTS. RACE TRACK, MADISON, Feb. 8.—The results of the races here to-day were as follows st F Fi ce—Four and a half furlong ~Won by wy ited Head, 4 to 2 and even; You Lottery, out for place, ond. and Lyons third. ‘Time—1.01. Second Race— Five furlongs “Won by r |, 3 to 1 and even; ty ‘Tom Karl, 3 to by Brome. Lto 2 fi was second jar for @ plac THE HAWAIIAN TALK IN SENATE. Senator Teller Thinks the Death Sentence Too Severe. WASHINGTON, Feb, 8.—In the Sen- ate to-day the President's message, giv- Ing Minister Willis's latest despatches as to the sentences of death in Hawail, Was presented and read amid impressive silence. Mr. Hale (Rep, sald the tragic and melancholy results foreshadowed by Minister Willis, showed the imperative need of a cable. It would have averted r postponed this tragedy. Mr Beller (Hep. Col) suid the Ha- wailan Government was acting far be: yond the demands of the occasion, These Geath sentences would shock the w Mr. Teller hoped the Committee on ations would inaugurate ste intervention yrder that t naltles be w sald Mr. every tan in the H fore you get word to them.” — TWO AMERICANS TO DIE. Despatch Seut Gresham and 1 Reply... to Will WASHINGTON, Feb. 8—Affairs in Hawail have taken a turn that ha. caused the Interference of the United States Government again, is made evident by two telegrams sent to Co1 gress by the President to-day. The fir is from United States Minister Willis to Becretary Gresham, dated Honolulu, Jan. 30, wired from San Francisco Feb: 6, readirg as follows: “Revolt” over 9th, ernment, one; Royalist, two. Court mat tial convened ith; has tried thirty. eight cases; two hundred more to be tried, and dally arrests. Gulick, former Minister and Seward, Minister, Major in Federal army, both Ameri and Rickard, Englishman, sentenced to death; ail heretofore prominent in poll- ce, “T. B. Walker, formerly in the United Btates Army, imprisonment for life and $5,000 fine. “Other sentences not disclosed, ‘but wilt probably be death. Requested copies of record for our Gov- ernment its duty before final sentence, but no arswer yet. “Bitter feeling and threats of mob vio- lence, which arrival of Philadelphia yer- terday may prevent. Lilluokalant made prisoner 16th; on 2ith’ relinquished. all claims and swore allegiance to Republ imploring clemency for Hawalla Government replies to Lilluokalant: “This document cannot be taken to exempt you in the slightest degree, from personal and individual lability,’ for complicity in late conspiracy, Denies that sh. nad any rights since Jan. 14, 183, when she attempted new Con: stitution, ‘Fully appreciates her call to disaffected to recognize republic, and will give full consideration to her unselfish: appea. for clemency’ for participants.” In response to the above i pretar: Gresham last evening addressed the fol- lowing telegram “Mr. Cooper, agent, Sa foliowing by first steamer to lis, United’ States Minis If ‘American citizens were condemned t death by a military tribunal not for ac tual parttctpation in reported revolu- Uon, but for complicity only, or if cons demned to death by such ‘a trfbunal for actual participation, but. not after open, fair trial with opportunity for de- fense, demand delay of execution, and in elther case report to your Govern: ment evidence relied on to su) sport death sentenc (Signed) GRESHAM, A LETTER FROM CLEVELAND. Read To-Day Cane of Wyae Vei The trial of the suit of William Sum- ner Wyse against his comparatively youthful wife, Marie, to recover $150, 000 worth of property which he tran: ferred to her In 1883 and released again to her In 1889, had reached that intensely interesting moment where the charac- ter and past life of the silvery-haired but still attractive Mrs, Wyse was to be subjected to the crucial test of a cross- examination. This was the reason why so many people sought admission to Judge Freedman's court when the trial was resumed this morning. The only sensation in the case to-day was the introduction of a letter bearing the well-known signature of the present President of the United States. The let- ter wae written on a letter head, to which was pasted a marriage notice clipped from a newspaper and was as follows: SHERIFF'S OFFICE, ERIE COUNTY, Grover Cleveland, Sherif. Buttalo, N.Y, We In th re ps e hey can hang slands be- Casualties, States despatch Cal,—Forward Aug. 13, G. Smith, Under-shoritt Yo at the Foaidence ol by Rev. Willlam Wyse and Mra, E. C. Hill, fo card 1 am Amazed and dumfounded, but 1 congratulate you, and from the bottom of my. heart. A long life of perfect biiss and marrie! entment. | hope, may be yours to find Wissel, with whom I ahail drink the Tealth ef the newly” married: Please prevent my compliments to the other stde of the fem (Signed) CLEVELAND. The case will be summed up one week from to-day. Gingras, on , D. both of Ne Swan street, Wos WORLD: FRIDAY EVENING, FEBRUARY 8, 1805,__ MEN’S es Fancy Shirts AT LESS THAN ACTUAL COST. Imported Madras and Percale Bosoms, Cuffs attached, Sold heretofore at $1.00 and $1.50. TO-DAY we inaugurate the greatest sale of Fancy Shirtings this city has ever seen. Our well known reputation for having up-to- date Men’s Fixings prevents us from carrying goods over. These shirts must before our new stock arrives. The ridiculousl: low price (5%c.) guarantees they will sell quickly. 60 make an early call while the stock is complete. GEO. BRADFORD TRIPLER, 101 Nassau St., Cor. Ann, BENNETT BUILDING. No Mail Orders filled. “SONG + YOUY..Wrappers: ANd: Secure - one-or-a:ser-of- the Following -picrures, sh Lapin PAST t PRESEN © volunteered parc “ver her go"swnooP CC ora theold t theenew cor her loose boysS Stark for hume~“ok- (o-dafe ” GOFF’S BILLSET BACK, ee care EXTRA PAY FOR JUDGES. 2 Court Decides for Parker ard Follett. Judge Freedman, in the Special Term of the Superior Court, to-day granted a mandamus directing the Comptroller to pay Superior Court Justices Parker and Follet extra compensation, Neither of the Justices belong to this department and had been sitting here by assignment} At the Eleventh Hour It War of the Governor. ‘ : : thu Root, who represented the Jus-| Withdrawn from Consideration. tices, sald that the proceeding was a friendly one, designed to test the ques- tion whether or not out-of-town judges are entitled to extra compensation, not to exceed $5,000 per year, as provided by the laws of 1893. The judiciary amendment to the Con- stitution divides the State into four ap- pelate jurisdictions, and it was a ques tion if under the new law judges as. signed to this district are entitled t extra pay. The matter will be appeated to General Term of the Supreme Court. World” correspondent that on the bill would be grante next week. not withdrawn nis sup n measure, but will urge Its passage. VAN BRUNT URGES ACTION. Want a hearing about the hehas the in the Inw loners, bee Sweeping Reductions in the price nerve with the Governor to Name the New Appelinte Ju ning World.) esiding Justice York Supreme Court, has written a letter to Senator Guy, urging the immed designation by the Governor of Justices of the Ap- pellate division of the Court provided by the new Constitution, Goy, Morton intimated to Senator Guy some time ago from the sion NG, Mayor. ert ANOTHER EXCISE BILL. shes All Roards Creates Kle-Headed Commiastons, (Special to The Evening World.) ALBANY, Feb. 8.—The Excise bill pre- pared by the West Side Temperance Association uf New York City was in- troduced in the Assembly to-day, It abolishes all existing Excise Boards and creates a single-headed commission for every city in the State. It fixes the ate of license at $1000 for first-class of ULSTERS to close out our stock. HAMMERSLOUGH BROS, | Bleecker &t., cor. Greene it Will Probably Be Given Another Hearing Next Week. Ab ayor Strong De Not Want the Park Board Reorganized, the City Views, ustice Van Brunt says in ment of himself and his asso it is Very important that the: distri (Spectal to The Evening World.) ALBANY, Feb. 8—Recorder John W. bare was withdrawn | Goff may not have his salary raised tay and deposited with | after all, although it looked last night More Gold With ‘The sum of $260,000 In from the Assay Omce designa~ ce ihe AY DBCS toa fd te Uons be) matte apeedily, In that [clties; $500 for secondaclass; $200 for ; vel seaad if he would, the reorganized dourt be reagy to. pri Uurd-class and $20) for towns. (Ciey Bway and Oth Ave, Le), a Secretary, ost at the eleventh hour, when {ceed with business at the commencement | The Cities Commit se reported favor- no al ) a8 provided by the Constitution ably Mr. Halpin’s bill authot Ma meeting of che Board of Directors of the |!t# Passage tn the Senate was aseured, (|) "rhe Justices who may. be desixnated, | city of New York te issue wow cic| Broadway, cor Rector St. York Buseball Ciub Horace A, Bonnett was | Wa8 withdrawn from consideration, and|he says, should have ample time to apply | ditional bonds for Scheel purpesee, aia (Opp. Trinity Cheon), y of the Club In piace of George’ | promises for some time to come to con-|* the present session for such. iain: | the measure of Mr, Paver enticed resigned. tinue to be a bone of contention be,|iatiot as may be necessary. to enable the President of the New York cls them to effect the scheme organiz, alth Hoard shall be a member of tween the Recorder and his associates in the Court of General Sesstons. The Senate Cities Committee, which had the bill under consideration, decided at a meeting yesterday afternoon to re- port the bill favorably for a third read- ing and pat ‘The meeting of the Committee was at- tended only by Republican Senators, Who voted to report on it favorably. It was reported favorabiy this morn- Yon provided for without confusion That action, he writes, will Involve a mass of technical details quite apart from amenuments to” the Je, in addition to the mousing statutes to fit the new statute tional court-rooms will be required, ditional clerical force, special rooms and other items provided, and a great deal of other necessary work that cannot be performed In a short time. On behalf of his associates the Justice expressed the hope that the Governor will act at once. in the Ututon | that Board The bill of Mr. Horton fixing the rate of interes? in this State at 5 per cent, nmitted to the Judictury Com: ra further took up second reading and advanced of bills. Among these was . Cutler, providing that wo wear high hats at the theatres or other places of public amusement. FF Schulz's bill authorizing Brook- lyn to make five year contracts for ga and electric Hahting, wasp —————— Meetings. lendar of number NOTICE Ie he ng ot the “aio: kh mpany, wlll be held w York City, on TL Feb, . 0 P.M. for the yn of directors for the ensuing year and for the transaction of a other business as may come before the meeting. HOWARD M. DURANT, President. EY the annual meet of the Hamilton Pare Murray HUH Growing too Fast means that children do not get proper nourishment from food. They are therefore thin, narrow-chested and weak, sed. mmunication Was received from ing, but on motion of Senator Robert- a the N York Board of 9 = a 01 0 Aldermen, ask- son, of Fishkill, its author, was recom- y ing the Legislature to give Scott’s 222s: STRONG WRITES O'GRADY. |ite,t,rociialiie AEC") Help Wanted—Female. (ETS Senator Robertson stated that he had special city laws, Referred. OFFICE-CLEANER, residing downtown, tor ofliee building, near Wall at, That He Disapproves of Park Board ith elareotens (Spectal to The Evening World.) ALBANY Feb. &—Mayor Strong does morning and event M. K., box 117 Worl received a number of requests from New York this morning asking that w further hearing be granted. The hearing an. nounced for yesterday was not gen- erally known, and, indeed, it Is sald Northrup for Linson’s Place. ALBANY, N. Feb. §.—Gov. Morton nent fn the nomination of A. Judd Northrup, of Syra- Apply, Emulsion com MOURNING OUTRITS. couse, ae Comminsioner of Statutory Revision, im that the bill was ‘rallroaded through |not want the Park Board reorganized. Pape realy -made; all reagisi place of John J Linson, reaigned Referred to Ren : the cream of Cod-liver Oil and hypo- Without giving Pponents a chance to} te has written a letter to Chairman] |i. Nelieae eee dashgspia JACKSON'S, 51xth ave. cx Pireaatiry material for | in’ moving that the bill be recom-| O'Grady, of the Assembly Cities Com. oly ater aur ent | supplies 0 report favoral mitted, Senator Robertson disclaimed | mittee, disapproving of the bil introduc- the growth. It makes sound bones, solid | any intention of preventing a discussion |e in the Legislature for, that purpose bly, he Mone Riewel Found Gulity. flesh and healthy, robust children, | %it@ merits by both sides, by Assemblyman W. C. Percy, of New The Jury in the case of Riegel, who was ow Phystctans, the world over, indorse it. | Cities Committee, ‘received a telegram| ‘The Mayor's letter is as follows = Gein, trial at Beividere, . J., for murderousiy assaulte | this morning from Senator Wolf, who {8| Dear Sir. Referring to Assemblyman. Percy's Ing Dr. Bibler, after being out twenty-four hou Don’: be dsceived by Substitutes ! in New York, asking that the’ bill be 8, reorganizing the New. York Park of Burial Permita reports elaht | to. returned a verdict of guilty. Rieg bh mmitted for a further hearing. r at that bill has been the grip for the twenty-four hours | counsel moved for a new trial and Riegel mag Prepared by Scott @ Bowne, N. Y. All druggists Senator Robertson told “*The Evening Vresident be released on bail. i Ryf f TRICKS OF Favoritism, Politics and Blunders New York MME. PATTI The great Jong operatic career and memo- rable incidents of the stuge. [Ree What the New Mayor, Recorder, the Street Cleaning Department and the Sheriff HAVE REALLY ACCOMPLISHED. MS UP TO DATE, TURES OF NEXT WORLD. =f) @ Y S~«MY FIRST FIGHT.” 6 t < Corbett, McAuliffe, ri Fitzsimmons and Dixon write of their FIRST BATTLE IN THE RING. THE TAX OFFICE “ Pulls,’” Df) O68 = IVP OF 's Tax Assessors. SGGE D® 9 sUMS OF MONEY SUNDAY 'S.2 a pg, PENDJHRIFIS. © ALMOST FABULOUS RECKLESS YOUTHS “RLOWING IN” IN PARIS. ARE JusT Now 'S REMINISCENCES, Diva writes of her A Swell Skating Club NONE BUT THE are allowed upon 400" the ice. Ante-Lenten Dancing Gowns The most Parisian achievements in EVENING FROCKS for this gay season [MLR BEERBOHM TREE His Impressions of America and what he thinks of the UP-TO-DATE AMERICAN GIRL. 9 ©) COLORED COVER ORIGINAL FOUR PA |