The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-11-25
RELIEF FOR THE TREASURY.
Carlisle Expected to Favor An Issue
Of Bonds.


Congressmen Waiting for His Report
With Interest-The Condition of the
National Finances Likely to Be the
Fret Subject Given Attention After
! ConveEinR-A Change in Sentiments
on the Advisability OF Issuing
| Bonds.
Washington, Nov. 24.-"The condition Of
the treasury will be the first thing to at
tract the attention of congress during the
approaching session" remarked demo.
cratic senator to-day.
| Other senators and members corrobor.
ated the opinion of this gentleman that
the condition of the national finances is Of
paramount Importance, and agree that
| the subject will have to be taken up and
met in some practical way at as early a
date as possible.
Many 20 further and say that legisla.
tion is still necessary TO improve the
general financial condition Of the country,
so as TO restore the confidence Of the
masses Of the people before there can be
a general revival of business, such as will
stimulate trade into its wonted activity,
| and give employment to the idle laborers
of the land.
WAITING FOR CARLIsLB's REPORT.
| There is a vast diversity Of opinion as
| TO what will be done, but there is a general
| agreement that much will depend upon
the recommendations of the Secretary OF
| the Treasury.
Members are now looking forward to
his annual report, with the hope that he
will in that indicate clearly the course he
/ would like to have congress pursue for
the relief of the treasury and of the
country at large.
IL is the prevailing opinion that he
will, among other things, ask for author
| ity to go into the European markets with
United States bonds at low rateSof
interest in order TO increase the gold re.
| serve.
A gentleman well versed in financial
| affairs has called attention to the fact
that the last statement OF the treasury
showed that the net gold in the treasury
| on Monday Of the present week was only
| SSt t,5l65l4, and that there had been loss
of almost S20,000,000, or almost one-fOurth
| of tho present reserve. since Aug. 10.
| "This, " he said, "is rather frail sup-
| port for the paper money the government
has in circulation. "
BELIEVED TO FAVOR BONDS.
| There is no doubt in the minds of some
as TO whether Mr.. Carlisle would favor
| the issuance of bonds. II is believed now
he has reached the conclusion that, under
all the circumstances, this is the wisest
course to pursue, and some place this
| construction upon his New York speech.
| One circumstance which caused MIR.
Carlisle 10 hesitate before asking for a
bond issue is the antipathy of his party to
such course. When the extra session
| was called for last August there was
1 thn
| part OF the democratic senator's and mem-
| bers to any Increase of the national debt,
| and the feeling was prevalent that If the
| party should assume the responsibility OF
such course its overthrow would be
| the result.
| CHANGE IN SENTIMENT
II Is impossible to say how great a
change In sentiment upon this subject
| there has bean IN congress, but that there
has been some there can be no doubt.
The reasoning used had more appreci-
able effect in the Senate than in the
| House, and the bond advocates in that
| body were of the opinion, at the close OF
the session, that a bond bill carefully
prepared, SO as TO protect the interests OF
| the country, and appeal to the masses Of
| the Democratic party, could have passed.
They were not, however. 80 confident
| OF the House of Representatives, where
| the feeling Of doubt is still very strong
THE INTEREST RATE.
The Senator's opposed to bonds, who
| showed an inclination TO change their
minds upon the subject were only willing
to do so TO the extent of cOnsenting TO a
| modification Of the present law, reducing
| the interest from A. and per cent. to 3
or 80 per cent. This proposition found
considerable favor, because it could be
made to appear step in the direction Of
| economy.
Itis also believed that Mr. Carlisle will
| ask for authority to coin the seigniorage
of the silver bullion now in the treasury,
which would amount to $4,000, 900, or
| probably enough to make good the threat
ened treasury deficit, but with the pres
ent coming facilities of the government 10
| is doubtful whether this silver could be
coined into money in time to be made i'm
mediately available.
IMMEDIATE RELIEF NEEDED.
What is needed, say those who dwell
| upon the condition Of the treasury, is i'm
mediate relief The proposition to coin
the seigniorage, If it should be taken into
| congress, will meet with very stubborn
opposition probably from both the ex-
| treme gold men and the extreme silver
men as we'll
The former claim that such proceed
| ing will weaken the the security for the
| silver notes, and the latter would recog-
nize, in the move, a desire to appear to
reorganize silver without giving any sub
stantial encouragement to silver mining.
| Many Of them would, also, take advant-
age of any opportunity to thwart the ad-
ministration because of its general policy
oward the white metal.
|
| MUST BRING IN LIQUORS,