The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-02-26
THE CONDITION or THE TREASURY.
Mr.. Foster Estimates n Surpiu. OF SIT ,0OOr
600 on July I and q Deacit in ls9k.

= nv - tuc IN ABbHs
WASHINGTON. Fob. 25.-Sscretary Foster OF
the Treasury Department was before the
Ways and Means Committee OF the House for
nearly two hours this morning. explaining the
condition OF the Treasury. The hearing was
conducted with closed doors. and all n ewspaper
men were excluded, members oft tn committee
Tearing that IL tho hearing were public. the
agitation OF the financial question. and posi-
bly, tho publication OF sensational reports.
might give rise to needless alarm. As might
have been expected. however. the result Of
closing the hearing was to give rise to more
apprehension than would probably have been
the case IL the hearing had been open and
free.
The statement Of Secretary Foster was to
the effect that there was no occasion for fear
Of a bankrupt Treasury. but he admitted that
the situation was ond demanding serious con-
sideration. and that his stimate Of tho avail.
able cash in the Treasury at the close Of the
present fiscal year would need to be scaled
Town to some extent. Mr.. Foster though there
S wSa'a Of N ns q sSr si7 Il tns dfef his sst Tn sa,y ia
81 's & ss5. Si .S 81 &c X. slsSs lifid IL S ~;
%a a IN thHr; yeald be a deficit in tho Treas
spsaking Of the frequently repeated asser-
ton that the Treasury was now really bank-
AupS ~ hoSSCl Fhlo IL SuDSthuCSs OuC6 IN
a while. when large reQuisitions have come in
on top OF each other. and ! did not want to pay
1hs% p %irht' b y. r w2nla h fsw s ss P eSs G sims so Hs
would potter along for q day or two and then
s rSpt and iSi'G ali H that se eay Of eht th hnsas0E Th Is s Sanx-
not coincide in the views expressed in these
Mr.. Foster said that all his statements we're
based on q continuation Of the present rate Of
his estimates would not stand. He thought
there might N be = deficit in 8 ~ believed
and put into The Treasury to make everything
safe and. tho condition favorable for q proper
na%tni1 IT. ats,, Of n the sssstioS Of T.. the % GHSbn NJ
aa,s a%oIn 7. sh1pla BE IF rs Esis wsra By - a h Iosn or b.s by
adses 8 'c The he b wG : . rs 6 S6d n %% 8 s5% x G9oi 3S %
S Ss,sssss on af hand ndH si95. oS %S 90 q q s soid Gs OFT s2 !sr
be no i ihhcuity IN GETTING I plenty. Of gold TiiiHhie he
had The money to spare. Nothing was. said
osf int f pres ssShG Gi te b; f iuiafe s sHse s1hipo%'ssnStlsa
but Mr. Foster said that he had expected its
In explanation OF tho reduction OF his ssti-
mated surplus for the close OF the current
fiscal year. Mr.: Foster said that tho payment
Is MI paY !. e1%'' %c snS t tsks about a. s S;oSS.9
year would probably be less than he had esti-
mated.
A large part Of tho time was consumed in
eTpllanationsto the members Of the committee
81 Sn DO on s tsis po IN eSMG NJ: MiiF.P. al in s sas TFe IN II:
warrant division. supplemented the state
ments OF Secretary Foster. The members of
mysteries Of Treasury finance. and 1t was nee
essary to GO. over this ground several times.
An explanation was gone into OF tho charge
made in this Administration in tho form OF
debt and Treasury statements. by which SUBJ
sidiary coin was included in statements Of
cash balances. whereas in the Cleveland Ad- |
ministration minor coin was not included.
shipment next Tuesday from New York city
will not exceed S 600.