New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-05-04
THE TREASURY SURPLUS.
A DREADED ACCUMULATION NOT FOUND.
Mr.. MANNINGs STATEMENT OF THE DEBT-DEMo-
CRATIC CAMPAIGN ExAGGERA1IoNs.
LEY TELEGRAPH To TILE rRIRuNE.

1ilss MANNlNG5 STATEMENT OTDA--0&eAo-
CRATIC CAMPAIGN ExAGGERATIoNs.
[Br TELEGRAPH TRIBUNE.
WASHINGTON, May 3.-"I am glad to see
that THE TRIBUNE occasionally reminds Its readers OF
that sdreadful surplus upon which the Democrats
nued to harp down the very last day Of the Pres
dental campaign" Senator Plumb yesterday remarked
For the last dozen years at least1 he continued "it
has been the fashion for the Democratic newspapers and
for Democratic politicians in Congress to find fault with
the monthly statements Of the public debt issued by Re-
publican Secretaries the Treasury and TO charge that
they wIlfuly designed to mslead the people and
conceal the true condition Of the Treasury over and
over again during the last campaign dSd Mr. Hendricks
and other Democrats that the wicked Republicans
had accumulated in the Treasury enormous hoard OF
money amounting to $400. 900 0O0 belonging to
the taxpayers of the country Mr. McCulloch certainly
did not carry away any OF this surplus before
he turned the Treasury over to Mr. Manning and
of has been used to call I'm United States bonds since
last September aud yet according to the debt statement
issued Friday by Mr.. Manning. the net cash balance
in the Treasuary was only s29,957.421 SO.
"whst has become of the remainder Of that
SUI plus But there Is another feature OF this debt
statement which deserves notice The Secretary certt
hes that the decrease OF The public debt during the
that the cash In she Treasury has increased
and the liabilities account Of interest dim
but people win il to mean that so much the
deet has been paid Now you will find
were falsely accused, ia exactly the which VIII be
pursued by this Administration just as long possible
i has already begun 10 exert an Influence on
the price OF three per cent bonds. These
bonds are subject to call. but the premium
upon them has advanced from s. 10 2os per cent within
the last month That of itself Indicates that the holders
Of cents feel assured that the policy OF Mr. Man
ming VIII be To postpone long possible tho issue OF
new call for bonds There IL telling how long that
may be, considering the expert juggery exhibited by
thBnew Secretary and his treasurer"
A comparison OF the DEBT statements for March and
April shows that among the items which compose the
81 S3T II under "decrelSa of the debt
during the month" are the following:
Increase OF net cash In Treasury 81 ,69S393 49, de-
OF liability interest account $2479.277 o.
paid account OF principal and interest OF debt
which interest had ceased since maturity S2O9,
439 20 BY treating fractional silver and minor coin In
the Treasury unavailable" assets a
element of hnctuaton Is introduced into the debt
statement which directly affects the net balance In the
Treasury. The aBOunt Of fractional silver and minor
coin hand March 81, S31, sos 377 "a on April
30 it was S3l 1897 596 So, increase Of 3292l9 H.
which reduced the net balance" by that amount It
is noted that the head OF increase in the" re-
Cancellation appended TO the revised debt statement
issued ON Friday appears the Identical item
81 1877 339 (which In another part Of the same state
figures under the head OF decrease Of ebt during
the month" Even Treasury officials who are con
cerned in the preparation OF the debt statement ind II
somewhat difficult readily explain the Teconciia-
tlon."