The Red Cloud chief., 1885-12-11
TREASURY MIsMAklosmen9
No Decrease in h Interest B~.r,n. n1
= h Democratic A~salnIs,s,ioL
Why shosId h Gold He H.arS.d.

WUy K
Congress will soon assea5le. and -
people will have. through ,Aeir ReueU.
.enta,ives. an opportuni'! 70 ask -
Administration some quatans az
| he conduc, Of the public ou, aess. Il
IS safe to predict that the ne, inass.
es;iny Of those questions xii reIa.e 70
the finances Of the Cover IT. Soy.
eral important, changes ha'e sen u,nds
bv tn. Treasury Departmsl.. /, = az
course to be presumed t.; here aas
good reasons for those chaos. busthe
country wants to know NJ. dcfnisly
wha, those reasons are. Nembeu q
CONGRESS have declared a .~a,ent:1n 20
bring these matters beio'- ina. body.
, and we NAV anticipate tn, he d;srus-
sions will be very interest,".
y The management OF u yiblic debt
is q matter calling ior as stigstion.
Taking a period from the e of Nay to
the !, 81 November, wefli decrease
Of Sj0.0si,276 in the deoi Heated BY
, the statements. but the I'M -t-be airing
debt i. Just where II wa = be begin-
min" OF that time-SI-I'o'!JS $50. That
i, to sav. whatever reduct'a sas made
was in the portion q; the Irfebtedness
that il costs the Go~ycrrl-lt nothing
u carry. while the Intel, charge on
the rest o! the debt i, ALLOW II 70 run on.
There is a decrease of ; I.tle over q
million dollars in the Cot ON which
interest has ceased slicr maturity.
which consists Of q lot 4 I'D Claims
long overdue. The man Ian e re-
duction is made up OF t. repayment
Of sum. that have been ia s.d % de.
po.i, with the Governs and for
which certificates have lend Issued
old gold and silver certitic, : aud Ger.
I tiiicat.- of deposit. This IN amounts
10 nearly Sio.OOO,ODO Z
During the corresponds tx months
of 1851 there was a reduction in the in.
tcrc,t-bearing debt amoultIng 10 over
$50. 900. 900. Here is q contrast 70
which the attention Of tn people II re
spectfully invited. The yoficv Of re.
ducing the public debt i, one thst hiss
been established By Twenty years Of
Republican administrat0n Of the
/ Treasury Department. witch for wis
dom and success has nerer been sur.
passed in the history Of any Govern.
mcnt. 1t is indeed a bold innovation
for persons having so little experience
| i'm the administration Of Government
finances rs the present Treasury OH.
Gals 10 persist in 4 dI1erent line of
policy so many months II is true
that Secretary McCulloch refrained for
a time from making bod calls l. or.
der to accumulate gold. nd frobl him
Secretary Manning seen, to have Got
most of hi, ideas. but at ,Ae time q his
retirement McCulloch had decided that
il was prudent To resun- bond calls.
Perhaps Secretary Naming will sub
nit TO the House. in his glnual report,
convincing arguments hat he was
right in taking the oppose course.
The Treasury now has On hand over
Si3. 900. 900 Of gold above outSianding
certificates and the reserc of olO0,.
100000 held against the reenbacks.
This is Il sum much in eIccss 81 that
held on previous occasions when bond
calls have been made without any dis
turbance or alarm amonc the poople.
And We are At 4 season Of the year
when gold is more likely o be import
ed than exported. y i. lifting that
Congress should inquire il thersi b any
need Of boarding SO mucl gold wher
it might be used to pay dots with. j.
is pertinent to recall the fct that Sec
rotary Sherman entered uOn the per-
ilous experiment of speci, assumption
with less gold than there l0sv is In tn
United States Treasury. bond call
of ten or twenty millions 10 a prett !
small matter in compariso with sucn
an undertaking.
There are several quest,ns as 70 thu
currency policy that REQUIRE answers I
Some persons claim that i j. the po /
icy of the Government q force thu
circulation of silver dollar and 0thei(
that they are withheld fro the pea!
pie rs far as possible. and hcre are e"i
licences in support of bob position ;,
On the n hand. the OLE practice Of
issuing silver certificates fph the vaS
rious Sub-TreaSuries Of tn country q
a deposit of gold or legaHenders
the New York Sub-TreasuE has bee
stopped. which of cours. tstricts tn
circulation Of silver. OF What Il IL
same thing. its representative. On I'd
other hand the one ard two doll I
bills have been withdrawn rom eircI}
lation to force the peopi 70 take tt
silver dollars. As for tic Effort TO n
the Treasury of the subsidiary silv@
coin that has not been 3 brilliant std
cess. In six months To- amount h@
decreased a trifle over 5000. 900, an
Of this nearly Sc. 900, COD went to Me-
York banks on n sptial contra4
Then there was the SPECTACULAR paN
Torrance of moving a lrge quaint -
of silver from New Orle,ns to WST
ington on n of our oldnaval vesst
which was likely to GO 10 the bottS
At any moment on the voyage. and q
shipment Of millions of kold from 5
Francisco across TIE continent
mail-an unheard-of piece Of busin6
10 save express charges.
All these things have 4 decide
amateuri>h look. Perhaps. howevj
they are the operations of men VI
have = profounder insight into final
than the men who grew gray in
service of the Treasury Departm9
The Republican Congressman will
doubtedly give the Democrats IN
portunity to explain at the com
session. CHICAGO Tribune.