Rensselaer Republican, Volume 26, Number 21, Rensselaer, Jasper County, 18 January 1894 — AUTHORITY ASKED FOR. [ARTICLE]

AUTHORITY ASKED FOR.

Secretary Carlisle Wants to tssue Bonds to Meet Expected IfeCcits. Secretary Carlisle, Wednesday, met with the Senate finance committee and asked for authority to issue bonds. The Secretary spoke of the rapidly diminishing gold reserve. Expenditures now exceeded receipts by $10,003,0 X) a month. He thought, therefore, that it was expedient that Congress should take steps jto provide agalns the evil. He asked that the act of 1873 so. the resumption of specie payments, which also authorized a bond issue, be amended so as to permit the issue for shorter time and at a lower rate of interest than is provided for in that act. Mr, Carlisle thought it would be an easy matter to float bonds enough to tide over the emergency at 3 per cent., running three, fenr and five years. The committee adjourned without action.