The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-09-03
DEEP IN THE MERE.
Carlisle Has a Problem to
Solve.
MONEY IS RUNNING LOW.
And There Would Seem to Be No
Way of Meeting the Threat
ened Deficiency.

difference whose TX Is being gored, as the
Democratic administration is just now
finding out with regard to the question Of
the trea surv deficit. A year ago the entire
Democratic press of the United States was
making howl about she bankrupt treas
ury, for the purpose OF embarrassing the
Republican administration. The Cleve-
land mugwump organ in philadelphia
published a dispatch from Washington.
showing an enormous deficiency, and just
as soon as Congress met a resolution was
passed in the House, at the instigatiOn of
Springer, then chairman of the Ways and
Means Committee, authorizing that COM
ittee TO investigate the condition of the
treasury, with view of showing, as de-
clared by Springer and by other Demo-
Gratis in the House, that the treasury was
bankrupt.
The Ways and Means Committee began
the investigation at once and the Demo
cratic mai rity in the committee labored
hard to convince the country that the Gov
eminent was practically bankrupt.
Speeches were made In the House to that
effect. and Dockery. a leading Democratic
member OF the COMMITTEES on Appropria-
tions. figured out that the deficit amounted
to $50. 972, 1874
The Ways and Means Committee made
a report of similar effect, but now that the
country has a Democratic administration
behold the difference. Stewart offered
resolution in tire Senate this week calling
on the Secretary of the Treasury for in
formation as to whether or not there is a
deficiency in the revenues, and il so il
there is any legislation necessary to sup
ply such deficiency. Sherman objected TO
the resolution on the ground that, as
worded, IL called for an expression of
opinion from the Secretary, but Stewart
offered to amend 10 so as merely 20 call for
report of the facts. Voorhees,. chairman
of the Finance Committee, and Mcpherson
and Harris, two Democratic members of
that committee, strenuously objected to
the passage of any such resolution and de-
nounced it as intended TO embarrass the
Secretary of the Treasury. and although
Senator Hill defended the resolution it
was. on motion of Voorhees,, referred to
the Finance Committee, where it will be
allowed to die.
While Secretary Carlisle is using the gold
reserve to meet current expenses Congress
is doing nothing to Increase revenues, but
is proceeding with the proposed revision
OF the tariff, which will greatly reduce
them. At the present rate of receipts Sec
rotary Carlisle will have to use the greater
part of the gold reserve to pay the oTdin-
airy expenses of the Government, unless
something is dons to provide additional
revenue. If the rate of receipts should
continue IS they have for two months they
will aggregate for the current fiscal year
$3.50. GEO. The expenditures for the
year upon the basis of the past two months
will amount TO S426. 0O0 600. A. this rate
there would be a deficit of nearly $780,
100000, which would wipe out the entire
gold reserve. There will probably be bet
ter showing than that, and yet no one can
tell what the effect of the tariff agitation
will be.
The falling off In receipts for July and
August this year as compared with the
same months last year amounts to S13. co.,
600. The expenditures on the other hand
are for the TWO months 100000 greater
than for the corresponding months last
year, which makes net difference for the
two months of S16.000.00o against the
treasury as compared with last year, and,
notwithstanding the increase in expendi-
lures, the Treasury Department has held
no nearly all appropriations for public
build ngs. and large part of those for
rivers ana harbOrs and other public works.
Mr.. Dolph stated in the Senate yesterday
that nothing had been done even toward
drawing up plans for the public building
in Portland, Or. for which an appr0pria-
ton was made two years ago. 1t is, there
fore, clearly evident that the treasury is
in very bad way, and this is largely due
to the course of Secretary Carlisle, which
ho hT he
stringency.
The Republican minority of the judi
ciary Committee in the House reported
last year 10 regard to the S100,000,000 re-
demptiOn fund that the Secretary of the
Treasury had ample authority to sell
bonds to maintain it. The Attorney Gen
erai of the United States also furnished an
opinion to that effect. and Secretary Carl
isle rejected the opinion of the Democrats
on the Judiciary Committee. to the effect
that he had no authority TO use tho $780,
100000 reserve fund for current expenses.
and adopted the opinion of the minority of
the committee that he could use part of
that fund. The minority. however, held
that 1t ought not to be used, and if the Sec
rotary had adopted its further opinion and
issued bonds to maintain the reserve there
Wouiu nave Oeen no financial strlngency
and there might have been no deficit
the patriotic Republicans of the Senate
are wondering what the administration is
going to do. They declare that it is a very
dangerous policy which Secretary Carlisle
is now pursuing of depicting the gold re-
serve to pay current expenses, and that it
ought to be stopped. Ii it is to be con-
tinued until the Democratic tariff takes
effect there will be no gold reserve left
The Secretary of the Treasury seems to be
as incompetent to rise to the Importance
of the present situation as he was when
the gold reserve went down last spring.
and although Senator Stewards resolution
has been temporarily shelyed the question
will not be Iassed by in Congress. 1t will
come to the front again within few DAYS.
A Flim-Flam Victim.