The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1891-08-28

NM IN
| Republican Methods In Handling the gsd-
| erai f1nancrs
| There Is reason for the silence Of re-
| publican organs in regard 10 the condi-
| ton Of the federal treasury under the
management Of their party. To de-
| ceive their readers they will repeat the
| statement Of their secretary Of the
treasury that he holds large surplus
with which 70 meet current liabilities
hut when called upon 70 explain the
figures given 10 the public the organ
grinders are a dumb A. clans IT high
tide The Times first called attention
70 the peculiar methods adopted by the
present administration TO cover the re-
suits OF congressional extravagance.
II showed that the federal treasury was
absolutely bankrupt under the rules
properly applied 70 such institutions
This statement was substantiated by
interviews with some Of Chicago's
leading bankers. Not word Of de NAL
or explanation has ever appeared in y
republican organ. and yet the treasury
has continued to pour out trust funds
and lessen its ability 70 meet its current
obligations. Referring to this matter
some months ago the Times prophesied
that in n short time one trust fund
covered into the treasury BY law Of
the recent billion-dollar congress would
be practically omitted in the monthly
statements Of the treasury given to the
public.
BY reference to the statement 30
published lately. il appears that this
prophecy has been fulfilled As tele-
graphed from the treasury department
there is no mention made Of the fund
deposited with the treasury for the re-
demption .of national bank notes. by
the printed report. which has been
furnished this month several days later
than usual. this sum appears. and is
given as SIS. s6l. ss5.25. a reduction Of
nearly 81. 900, 900 since June l. The re-
duction between the two dates is a
sufficient answer to the pretensr that
this is not current liability. Every
month shows = reduction in the
amount. proving that il is an active
and current liability. Rit this is not
the only item removed from the cur
rent liabilities for the purpose Of max
ing false showing of financial
strength. In the latest debt statement
| item OF debt matured and interest on
the same yet unpaid. 1t IS small
amount. not exceeding possibly So. ooo.-
900. but it Is enough to cause its dis
appearance from the published state
ments. The two sums already men
toned amount 70 over s4i. o0o. 900. and
there is still further item to be de-
Quoted from the secrctary's claimed
balance OF cash. In that balance j.
named $40, SOS. 14i. 95 Of subsidiary coin.
This is not an available asset with
which to discharge current liabilities.
and the contrary would not be assert
ed by men intending to furnish honest
information Adding this amount to
what Ia, already been shown to be q
current liability. and we have nearly
sJ4. 0O0, 900 Of liabilities to be met with
the assumed So. .s3. 1880 met cash
balance" Of the secretary's statement
Bad as this Is there remains another
factor in the federal financial problem.
The public have been assured Of the
ability Of their government 20 meet the
demands on the treasury caused by the
maturing option of payment on the ~
per cent bonds BY the statement Of
the secretary of the treasury it appears
that he has only been able 70 extend
sll.679. 500 Of these bonds under his Of
fer Of . per cent bond in leu Of the
old issue. This leaves Ss.. IS l $50 of the
~ per cent bonds which have been
called by . treasury having . deficit
already OF nearly $4,000, 200 in its
available cash. The Times has asked
its republican contemporaries to ex-
plain this condition Of the federal
finances 1t has called attention Of the
| people 10 the fact that the published
statements of the treasury department
and the current comments of the re-
| publican organs have been calculated
| TO deceive. 1t believes this people too
| intelligent to Be humbugged with
false statements Of the actual condi-
| ton of the national treasury. And Il
| charges that the present methods Of
| mistatement are adopted for the pur-
| pose Of affecting the minds Of citizens
| called upon this year 70 express their
| views on national questions II il too
| late TO expect any answer 10 this charge
or explanation Of these figures Of the
treasury department from republican
organs They have proved a willing
ness to adopt policy Of silence regard
ing the whole matter, relying upon the
| failure Of republicans to note the
| proofs furnished by opposition papers.
| But the Times challenges any rcpub.
| lican 70 explain away the figures here
- -.
-nptcy Of the national treasury. As
was stated BY prominent ban;ser re-
Gently: The same conditions existing
| in national bank would cause the ex-
| aminer TO close II At once Chicago
| Times