Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-06-25
Not as Plethoric as it Might Be.
A Deficit to Meet.
THE QUESTION is HOW TO DOT
Secretary Foster Goes to Ohio to Consult johs
Sherman on the Situation.
A Desperate Effort to Keep Up the Fcnsio
Payments so as not to Lose any of
the Soldiers Votes-Cabi-
net Meeting.
Condition of the Public Treasury.
Special to the Gazette.

| Special to the Gazette.
WASHINGTON, June 19.-The treasury Of
ficials are as dumb as oysters about the do
ticit shown by the late estimate of the da
partment. They will not discuss it in am
| of its phases, nor can they be induced u
point out beyond the usual general basi
any hope for an improved condition of at
fairs. Their embarrassment. however
when the subject is mentioned is manifest
1t is generally conceded here to-day thai
one of the reasons for Secretary Foster;
trip to Ohio is his desire to secure Senator
Sherman's advice in the emergency. Tht
situation is not only little too much fol
the secretary, but is recognized as being
grave enough to make necessary conSulta
tons with the ableSt tinanciers in the coun.
try. Sherman would have been summoned
here, but forthe
EFFECT on THE MONEY MARKET.
The object of the summons could not
have been concealed, and the administra-
ton desired to conceal the straits into
which it has been plunged.
The Republican party everywhere is
making Il special play for the votes of the
old soldiers, and in ord er 10 recommend it
self more strongly TO them is obliged tc
keep the pension bureau running on full
time. The money for pensions cannot
safely be stopped, but the money for other
public purposes is being held back wher-
ever it is possible. Public building con-
tractors are finding it difficult to secure set
Elements, and in other ways money is being
held back in an effort to hide
THE TRUE STATE OF AFFAIRS
at the treasury department. The expendi-
lures thus far in the month of June have
been IS, lSS,S24 in excess of the receipts for
the same time The surplus available 1T
the beginning of the month has disappeared,
and the deficit to-day is more than half
million dollars. The payments for pensions
made thus far in June aggregate SlS,3l2, l55,
or sol 900 more than the entire receipts of
the treasury for the same time. Other eX-
penditureS OF the government or appropria-
tionS by congress have consumed the sur
plus on hand, which was stated on May 23,
last to be then a little over 5000, 900. The
treasury still has in the national banks
about S34 ,O00, 900, and there lies in the
vaults in dimes, quarters and half dollars
about $50. 900, OO0 These coins, however,
are by law legal tender. From the state
ment given out at the treasury department,
it is learned that in the closing days of May
there was paid for pensions $S,5l9, 1859.
These were payments due June 4. June :,
$3.50, 900 more was called for; June
8, S+,l00,0OO: June $, s650,OOO; June
June II, 81, 100000. The disbursement for
July, it is expected, will be
HEAVIER THAN FOR JUNE,
as it is the first month of the fiscal year in
which the appropriations made by the last
congress for pensions, public buildings,
rivers and harbOrs and all necessities of the
government begin to run; also the month
in which it has been predicted that the
operation of certain tariff law would begin
to materially restrict importation, and in
consequence lessen the receipts from GUS
toms. The treasury officials predict that
there will again be surplus in the treasury
June 80, but no estimate can be obtained Of
its expected dimensions, and no statement
as to the sources from which it is expected
to be derived. In June, 1888, the surplus in
the United States treasury exceeded $780,
600, 900. In the statement issued by Secre-
tary Window, December 10 last, the net
cash balance on hand, including the ma
tionaal banks redemption fund, was $39,-
S27.S73 In this net balance, or surplus, was
included SIS, 900, 900 in subsidiary coin, which
is legal tender only in sums of SO or less.
1t is stated that cabinet meeting has been
called for next Friday to consider especially
the condition of the public treasury.