Daily independent. [volume] (Elko, Nev.) 188?-1915, 1889-07-29
TIA FIN AND NOW.

Mcssrs. Harvey Fix & Sons, BANKERS
and deal .rs in Government bonds, have
favored us with u circular neatly printed
in seal brown ink, and auxiously pro-
pounding tho conuudrun: "How are
we going to tide over the great demand
TOR currency now almost on us-to
move the fall crop OF wheat, Cotton,
corn ami other products IA we'll us the
iucreased needs for industrial pu,-
poses2" This circular recalls precise
~ similar one sent to us last yehr by
the eune firm. NeasIs. Harvey FIsI
IL Co. ut that tins begged President
CIeveltud and Secretary Fairchiid to
l. lieye the money market by buying
bonds. Mr.. Benj,mIn Harrison. OF
indianapolis, then O candidate for the
Presidency, spoke empbaticnllJ to the
same effe"t. He said:
The SUR lus now in the the Treasury
shonld be used III the PURCHASE Of uonds.
The law authorizes this use Oi it, and;
il is not now needed for cnrrent or d.
not the hunks in which it has beeu DE-
posted, shonli have the advantage "i
us use 10y stopping inter, st Oh the pull
lie debt.
Well tie surplus il still in the Treas
my. It has not boon used III the pun
chase Of bonds. The Circular already
mentioned remarks:
The aygrrgnte su,Plns on the LIST of
March last was So. J97 l2S 53. show
ing nm increase since that dutr of nearly
S24. OUU. 600 i'll the Surplus money b,-
longing to the United Suite Treasury.
GA July lst the aggregate sur las WAS
S9s. S3S, $50 20.
It il needless for us to stnte that the
law authorizing the Secretary of the
TIensury TO invest, ut his discretion, rli
surplus balance in bonds of the United
States Government IL still in force.
1t IL hlsO Deeil IN FOL u to Stnte that,
if tho Administration continues to ill.,
crta O its balance, or il II does not
l.bsrHtt rapidly n large proportion of
"hat it low bn- on hand, there will lie
Esrions difficulty iE tiG!ng over the
usual large demand for money in the
immediate future aud during the full.
Tie remrdY is for the Treasury D..
pnrtames tn carry out tie intent md
rpilit OF the laws Of Congrrss Ny invest
ing it's surplus III bonds Of tie United
Suites.
The Government deposits which Mr..
Harrison said should not remain in the
national banks ale still there. Mr..
Blaine said during the campaign that
my Republican Secretary who should
lend public money to the bauka would
be impeuched. We have no, yet heard
of my movement for the Impeachment
of Mr. Window.
Ali this merely shows that people
sbould not lose their heals in the heat
OF hattie if they expect to have any use
for them afterward. If Mr.. Harrison
cannot buy bonds without Innkiug the
Government tho victim of u bondhold-
"r's trust he is perfectly right not to
buy them, but he should not have
abused Mr.. Cleveland for acting in the
Eamo WY un!er the snuie circuiu>t ces.
II be find. the deposit of public funds
III nationai banks the only available
mrnns "f preventing disustrous con-
traction OF the circulating medium he
does we'll to keep on dcposiling tho
money in thut way, but he should not
have accused Mr.. Gle, laid Of raising a
Democratic corruption fluid when he
took the same course. 1t may be- Nil
right for n Republican Administration
TO send to England for half million
bricks for tue new Congressional LII
barry BnildinI, but II 80 il WAS hardly
fair to ray that tho last Administration
~ns bunBht t.y British gold bpcnu.o it
foo'.d itself compel;sd by law to send To
the same country for two ,housunt.
blankets for the army medic,l service.
IN short Mr. Harrison, Mr.. I'll line
shd Dir. Window now haze chance tn
lenip the old lessen---aud very u.e,ul
"Ir u Judge not that " lie not
jua6sa."- Is. +. kIum3utI.