Rensselaer Republican, Volume 26, Number 41, Rensselaer, Jasper County, 7 June 1894 — A NEW BOND ISSUE PROBABLE. [ARTICLE]

A NEW BOND ISSUE PROBABLE.

The rapid reduction of the gold reserve in the Treasury will soon compel a bond issue. The reserve is now down to about $75,030,003, which is nearly as low as it can safely be permitted to fall. Secretary Carlisle, in urging upon the leaders in Congress to have Congress authorize an issue of 3 per cent, bonds, has indicated, that the department would be compelled to issue bonds without new authoritywhenever the gold reserve should fall below 170,000,000. It cannot be long before this danger line is crossed, and it is believed there will be a bond issue under the authority of the old law about the beginning of the fiscal year.