The Saline County journal. [volume] (Salina, Kan.) 1871-1893, 1891-05-07
oovERNnExr rrsAxcEs.

oONN hAH oCCH - eutlrGt VI
active discussion for some time past.
The Democrats have been insisting
ever since the adjournment Of Con-
gress that q deficit wss unavoidable,
aud Republican papers have been
contendlng that there would be
money enough on hand TO i'ay all
liabilities. All along there has been
q conservative expression Of conf
dence from the Treasury Department
In regard to the ability Of the Secre-
tsry to meet every alleged emergen-
cy. The country vas informed that
the large appropriations made by
the Fifty. first Congress were not
ventured upon until after the full
consultation between the Chairman
Of the Appropriations Committee Of
House and the proper officials In the
department. The ways aud means
were all calculated upon. and not n
dollar was recklessly appropriated.
Some Of tie appropriations have
been demanded sooner than expect
ed, as for instance the refund Of the
direct tax, but that only called for q
little closer figuring TO meet the inn
mediate demand. Al no time has
there been any apprehension In the
department Of . deficiency occur
ring. That there would have TO be
close financial sailing and calcula-
ting was admitted from the start, but
that the increased expenditure and
reduction receipts would eventually
cause q deficiency was always de-
MED. In recognition OF the admitted
needs Of the Treasury for careful
management, Secretary Foster has
from time TO time Of late suggested
several methods by which the sur
plus could be Increased. Not that
extraordinary shifts were needed TO
meet the current expenses Of the
Government, but merely ~ . matter
OF good financiering Every way
was studied to keep the failing sur
plus at = respectable figure, In order
to have q safe margin TO draw from.
with this situation thoroughly un-
derstoOd there has been no alarm
felt anywhere, but II intsryiews such
rs that given out by Director Of the
Mint Leeeb continue, the Treasury
Department will not only be laughed
at, but may become seriously en-
barrassed. This official, who has
nothing TO do with managing the A.
nances of tie Government. sets him
self up A. an authority, and asserts
that the United States has IN It's
vaults to-day In good hard money
over $3.50, 900, go available for any Of
the legitimate expenses Of the Gov.
srnmeut. This startling snnonnee-
ment by Mr. Leech, made at 8 time
when the Secretary aud other able
finaneiers are figuring on saving
few millions here and there out OF
this appropriation sufficient Ia de-
mand instant attention, IL il SO
astounding As to make every one
wonder why some one connected
with the Government never discov-
cred IL before, and put To shame
those Republicans Of the last Con-
gress supposed To he lsRders, who
never once alluded TO this secret
wealth. Director Of the Mint Leeeh
was ssked to-day where this money
was. He said there were $751; 900, 600
IN the Treasury, against whIDh $780,
OO0, 600 In GPrtIfcates bad been is-
sued. That left ESQ ,0OO, 600 free for
the use OF The Government. when
asked what was that tlO0, OOO. GO In
gold set apart for the redemption Of
legal tender notes. this financial
meteor deeisT2i that there wss no
law for any such special reserve, and
that Nr. Sherman never SET IL apart
Is q liability. IN regard tn the new
Treasury notes issued on silver bull
lions, which made up another &c.,
OOO, 900 OF Mr.Leerh'ssurpIus money.
he advanced the novel idea that
these potss SEs not silver money,
but are simply aud purely y new
issue Of the old greenback. That 10, |
they are fat money, and the bullion
bought with them Is not to lie held
for their redemption. u Is hardly |
worth while combating such asser-
lions as these. TO characterize them
as absurd would be but repeating the
language OF one Of the ablest Rnan-
cIers In the United States, who knew
all about the Treasury long before
Mr.. Leeeh was thought Of. This
gentleman says that u Mr.. Leech, or
whoever follows his advice, at
tempts TO touch any rsI. 81 that
sIOO. 0OO, 600 legal tender rest rye Of
gold, there will be an instantaneous
boarding "f gold every where with
The 3hances Of 3 premium being
forced upon IL. As Ia the bullion
notes not being secured by buIli"n
which Is to be held for their rrdemp-
Iions the same authority says: Com
gress had no other purpose Ia enact
ing the las far the irsue Of the hull
ion notes To do oIheFyiss would
be like . mAn owning . house rais.
ing q mortgage gu Il aud then claim
ing the house was rot security for
his notes"
bh, how can q tag maiden smI e and be gay. |
BE lovely and loving aud dear
ls sweet ~ n rise ann m bright as the May |
When her liver l. all out Of gear:
She rsn't: IL IL impossible Hut
4 aha y,.fI 0aEa nr Isf.s..s. /