Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1893-12-21
CARL|SLE'S SOLUTION
He Recommends a Bond
Issue for Relief.
A NEED OF S2OO,OOO,O 900.
Several Suggestions For Enabling the
Government to Meet Emergencies.

WASHINGTON, Dec. 2l.-Secretary Car
Isle, In his annual report, estimates the
revenues of the government for the fiscal
year which will end on June 80 at $780,
121 600, and that the expenditures for the
same period will amount to Sass, l21 900,
leaving deficit of $2s, ,OO0, 900 on the year.
He mentioned that there are Pacific rail-
road bonds, known as currency sixes,"
issued in aid Of the Pacific railroads, fall
ing due within the year 1894, to the
amount OF g., 1852 900, which must be paid
at maturity, and recommends that con-
gress take action at this session to provide
for them.
He suggests as n means Of enabling the
government to promptly meet The emerg-
ency and to provide larger reserve fund
several courses of action. One is the issue
OF per cent five-year bonds, in small
amounts, to be disposed Of through the
sub-treasuries and postofflces to our own
people. Another, the issue Of $50, 900 900
In one-year per cent bonds at par. Until
the effect of the repeal of the Sherman sill
yer purchase Is moro fully developed, he
does not consider IL advisable to recon-
mend further specific legislation on that
subject.
Silver.
He favors legislation to authorize q
more extended use Of silver certificates.
He refers to the opinion of his predecessor
and of the late attorney general that the
gain Of seigniorage resulting from the
coinage of the silver bullion as IL pro-
crosses constitutes part OF the general
assets of the treasury, and states that he
has ordered the mints at New Orleans
and San Francisco to be kept in readiness
to commence the coinage of standard sill
yer dollars at any time when required.
He champions the system Of substitut-
ing ad valorem duties for specific duties In
the collection of customs, and recon-
mends an increase of 10 cents "A gallon In
the internal revenue tax on distilled
spirits, the imposition of additional inter
nal revenue tax on cigars and cigarets,
the imposition of new taxes on playing
cards, cosmetics, perfumeries, legacies and
SUGGESTIONS, and incomes derived from in
vestments in stocks and bonds of corpora
tions and joint stock companies.
No Delay on the Tariff.
It IL the purpose Of the managers Of the
house to force the tariff bill through al
most without consideration by that branch
II possible. IL they can get the party to
stand by the measure blindly enough to
render such a course possible, they pro-
pose to give the Republicans to under
stand that since it is a party measure
they have nothing to do with it, and to
rush the bill through in a week or at the
most 10 days. In other words, they will
treat the minority in the house as they did
in committee IL there are not too many
kickers in their own ranks.
The committee have come to no final
agreement as to the internal revenue
feature of the bill, but they give assur-
ances that the whole measure will be
complete when it is taken up for discus
sion after the holidays. The letter OF
Senator Murphy to the Troy meeting OF
protest, stating that he will act in sym
pathy with their opposition TO the bill,
causes great uneasiness among the cham
pions of the measure. 1t is made quite
evident to them now that even II the
measure Is put through the house in its
present form it is liable to be cut to pieces,
unless the Republicans refuse To lend
their votes TO the assistance Of the kickers
among the Democratic senator's.
While it Is not definitely known what
his course will be, the belief is that Muir
ply, Morgan, Pugh, German and Nc
Pherson, IL not several other Democrats
will, in one way or another, antagonize
the bill il it comes to them in its present
form. The amendments necessary 10
satisfy these men would destroy the
whole groundwork Of the bill. The dis
affection among the Democrats In the
house is extremely Insignificant. A sugar
tax Of one cent pound is almost certain
to go on the bill at some stage Of the pro-
ceedings