Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-06-24
The President Becoming a Rad
ical Silver Advocate.
THE CABINET TO TALK SILVER.
Millions Of Dollars will Soon be in Circulation
Paid for Interest and Pensions.
A Big European House Comes Out all
Right and will not go into Liqui-
dation-A Cash balance in
the Treasury.
Money to be Paid Out.

Specisl to the Gazette.
WASHINGTON. June 23.-The deficit in
the net surplus has yielded to the earnest
efforts of Acting Secretary Nettleton and
treasury officials TO wipe it out The treas
urer's statement to-day shows a small mar
gin to the credit of the government. There
are still breakers ahead, however, for the
interest payment of 4-per-cent bonds TO the
amount of more than 81, 100000 has to be
provided for early in the month. The new
system of making pension payments at
each of the agencies each month will call
for about sl0,0O0,000 more. The truth is
that no amount of figuring will conceal the
fact that it is very hard shedding for Secre-
tary Fosters team, and that IL is likely to
scrape over awkward, bare patches almost
any day.
The pension bureau is doing its part in
assisting the treasury department to create
j sufficient surplus to meet the July pay
ments. | am credibly informed that thou
sands of certitic ates are piled up in the Ger
tifcate division. Why are they held back
The claims have been passed on and GER
titicates granted, and in all justice, If pen
sion laws are very just, the pensioner
should receive his certificate and the United
States government pay the cash asked for.
But, in order to gain little leeway, tina
wounded veteran, dependent widows and
orphans are compelled to wait until the sup.
ply iu the treasury is filled from the dinin.
ished stream of expenses. There has oeen
good deal of grumbling among pension attar-
neys at the delay in having their cases CON
Sidered
The complaint now is that certificates
have not been sent out This same scheme
was attempted last month, but too late to
be of any benefit. The certificates that
were issued generally called for small sums.
This policy being continued through the
month of June may have some effect, but
the relief can be but temporary. Even
Commissioner Raum, with all his dispose
ton Ito help his party ont of the hole and
thus prove himself Indispensable to the ad-
ministration, dareS not keep pension GER
tificates locked up in his bureau for anycon-
siderable time
THE GOLD BUGS ROWLING.
There is no doubt that the general out
burst of the Eastern press, including even
pronounced administrator organs, in de-
probation of Secretary Fosters plan for
coming the entire amount of silver bullion
purchased by the treasury each month af-
ter July 1, has attracted attention in high
quarters in Washington. The cabinet meet
ing on Friday will be a spirited one Every
member is expected to be present except
Blaine, whose sympathies are known to be
strong with the silver element, and the
whole ground will be gone over.
What will embarraSS the administration
most in its effort to carry out its coinage
programme is the limited capacity of the
mints at least this will be made the excuse
if it shall be desirable to have one.
1t is claimed in some quarters that the
minis can turn out about three million
standard dollars in a month, and hence that
the proposal to coin !, 900, 600 of them would
be impracticable While Secretary Foster
is the putative author of the scheme to con-
tinue silver coinage, and would Loyalty re-
fuse to be put in any position of antagonism
towards his chief, he is believed to be by
far the more conservative of the two in his
feelings. 1t may be that he will succeed in
bringing from Ohio and Illinois some hints
which will modify Harrison's enthusiasm
in measure so that a compromise will be
reached on some such basis as the continued
coinage of 1000, 600 or 2,500000 ounces a
month. instead of attempting the whole
OF antity purchased. So many things ara
liable to happen between now and December
that it would be unsafe to make any prophe-
cies, but if the Fffty-second congress were
to meet for the first session tomorrow, the
presidents message would astonish the
country. 1t would recommend, not absolute
free coinage, but free coinage of the Ameri-
can silver product.