The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-06-25
GOVERNMENT FINANORs.
The Coinage of Silver Dollars to Be
Considered by the Cabinet.

The Coinage of Silver Dollars to Be
Considered by the Cabinet.
WASHINGTON, June a. = The United
States treasurer's statement issued to-day
shows a net balance of 81. .56S. .571, excluding
fractional silver and deposits in national
banks.
1t is stated on the best authority that the
only financial question to be considered by
the cabinet at its regular meeting Friday is
whether the coinage of standard silver dol
lars shall be continued after July /,
and that data on that subject and on no
other are now being prepared at the treasury
department for the information and guild
auce of the President and his advisers. A.
great many COMMUNICATIONS on this sub
ject have been received at the department
since it became known that the financial
secretary was seriously considering such a
policy. A large majority OF them favor
the proposition, and the only ones so
far received opposing it came from certain
bankers in New York.
BELIEF THAT 1T WILL BE ADOPTED.
While there is considerable diversity of
opinion as to the advisability of such a
course, the prevailing sentiment with lead
ing treasury officials is that it will be
adopted. One Of these said this afternoon
that while it was necessary that this ques-
ton should be disposed OF before July l.,
there is no other question affecting the ma
tional finances that requires immediate con-
sideration.
The question of the extension of the Az
per cent. loan OF $50,000,00O, he said,
would probably be disposed of
some time next month, although
there is no particular necessity for action
so soon as that. The offers SO far received
| in response to Secretary Fosters suggestion
| for such extension have been few in num-
| ber and represent less than $3,000,000 of
bonds. The holders of about one-half of
this amount agree to the 2 per cent. extension
and the others say they will accept the rate
| finally determined upon. The official
| already quoted said that there was not the
| least doubt Of the governments ability to
meet all it's obligations during the coming
fiscal year, even 20 the full extent of the ap-
preparations made at the last congress.
ANOTHER VIEW OF 1T.
From the Special CorresDondent to the NslUs.
| WASHINGTON. June 24-The continu-
ance Of the 415s at 2 per cent, the continn.
ance of the coinage of silver dollars, and the
cutting down of the appropriations Of the
billion dollar congress wherever the con-
gress has left any discretionary power over
| them TO the President or any OF his cabinet
officers, are indicated as the probable con-
illusions OF the next cabinet meeting. They
may not all be reached ON Friday, but the
cabinet will continue its sessions until they
are all disposed OF, for these are the mos
important questions now pressing for solu.
tion. BY keeping back payments tn,
treasury hopes to keep out Of hol'
for the rest of this month
so that the cabinet will not have to deter
mine whether Secretary Foster shall be au
thorized to sell bonds or to seize trust
f,,nda hrfh will oulv hava 40 r6Y1aitlo1s hot
to make $400, ,000, 600 OF revenue next veal
pay s4i4, 4,000,000 of appropriations. A be
lated presidential veto will be applied to th,
latter, not of course TO the sacred $i35, 900,
900 for pensions, nor the $122, ,0o0.0 900 for tbs
running expenses Of government, but to tn,
s25, 100000 for river and harbor and public
building work. The ''pork" grabbed at th'
last session will be withdrawn from th'
hands that took it.