The Monitor. [volume] (Woodstown, N.J.) 1884-1892, 1891-06-26
WasningtoD E.efIeE.
ffrom ourregular correspondent
Washington. June %. 1891.

T rom OUT reg !dt EbA4IsHOAASH-"
Washington, June p, 1891.
The condition of the United States Treas
ury has been much talked of during the
last few days, and among the politicians
| of both parties it has been the fruitful
source of misstatements. not to give the
hundred and one stories that have been
told on both sides a worse name. The
Democrats have declared that the much
p~rophecied deficit was an actual fact, while
the Republicans have been just as emphat-
ical in stating that the Treasury had plenty
of available cash on hand. Neither of them
have stated the facts just as they existed,
without exaggeratIon, because they were,
on both sides, trying 10 make political
capital out OF what should really have
nothing to do with partisan politics. How
ever it is hardly fair TO saddle all Of the blame
upon the politicians, when much of it is
chargeable TO the style in which the Treas
ury statements are made up. For two
DAYS this statement made it appear that
the [. S. Treasury had given checks for
nearly IL LukliiOu oOtldis ltiOAt h~NE tAS
amount of available cash in the Treasury
hence the Democratic stories OF the
| Treasury defcit-when as a matter Oh fact
the Treasury had s26, OG0, 000, on deposit
With national banks, which was certainly
Just as much available cash as is a private
| individuals bank deposit. besides, there
was III the Treasury mole than $50, 000, O00
in fractional silver-hence the Republican
cry of plenty Of money. There is no def
cit, and there is hot plenty Of money; the
zeal situation is midway between those
statements, but as all the big payments
that will be due for three months have now
been paid it is fair to infer that the Treas
arg surplus will increase very rapidly dur
ing the next ninety days. Among the
questions to be considered at the cabinet
meeting which Mr.. Harrison called, before
going to Cape May Point with Mrs. Har-
rison and the children, for next Friday, it
is understood, will be the form of Treasury
statement to be used, and it is hoped that
it may be decided to change it to a palmer
form, so that neither side can take advan-
tage oft for political purposes. Every
patriotic citizen, no matter what his politi-
cal prejudices are, should be 10 favor o!
divorcing our financial system from par
tisan politics.
As was expected the North American
Commercial company which is the exclu-
sive lessee of the sealing privileges in
Alaskan waters, has filed notice of its in
tention to put in a claim against the Gov
| inner for the amount Of its losses by
reason of not being allowed to take the
stipulated number Of seals during the sea-
son Of 1890, when it only took 20, 600, lille
its contract allowed it to take GO. 900. For
that it claims $400, 900. This season
when it is only allowed to take Z, 500i will
probably claim a larger amount. 1t is be-
lieved that the administration is favorably
inclined to pay this company back the
money that it had actually paid out-Mr.
Blaiue is credited with having said rs
much--but it is hardly probable that it
will ever entertain the idea Of paying the
enormous sum asked FOR which doubtless
includes anticipated profits had tie full
number of seals been taken.
The National Democrat aLich has been
in financial stlaights for some time has ST $
pended publication. 1t is thought that a
very large amount of money has been sunk
by it's publishers. 1t has been regarded
as a Cleveland organ. .
\ gentleman high in the councils OF the
Democratic party said to me to day that
Mr.. Cleveland was backing Representative
McMillin, of Tennessee, III his fight for
Speakership Of the House. He was of the
opinion that Mr.. Cleveland's help would
not prove very beneficial. because, while
he had a very large following it was en-
tirely personal and not Of a nature to be
transferred.
Ohio politics is exciting the greatest in
terest here Just now, and in several respects
it is certainly puzzling. For instance, the
Democrats seem disposed to concede Nc
Kinleys' selection as Governor and concen-
trate their efforts upon clectipg a majority
OF tne LegisidtuFei al Atdst tial . tue way
they talk. The Republicans are in much
doubt as to the actual relations between
Senator Sherman aud Ex-Governor Fora
ker, and they are very chary Of expressing
opinions on the merits of either man. Sec
rotary Foster, who is to return in time to
attend the Friday cabinet meeting, is relied
upon by his party associates to ~straighten
out the tangle when he gets back.
There is much speculation as to the effect
of the new European pool upon the pur-
chasers Of silver bullion BY the Treasury
| department. WEsToE.