Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1893-11-24
WASHINGTON NEWS.
The Cabinet in session TO 0-day-BOnd
Issue and Silver-White Metal
statistics.

Washington, Nov. 24.It is believed
that the first authentic report of Minister
Willis instructions will be laid before
congress in the presidents message when
that body reconvenes on Monday week in
regular session. The message on Hawa-
iian affairs is here regarded as of greater
interest than important domestic topics.
THE TREASURY.
The condition of the U. s. treasury will
be the first thing to receive attention
when congress reconvenes next month.
The prevailing opinion is that Sec. Car
Isle will, among other things, ask for au-
thority to 60 into the European markets
with United States bonds at low rate Of
interest in order to increase the gold re-
serve. A gentlemen we'll versed in finan-
cial affairs has called attention to the fact
that the last statement of the treasury
showed net gold in the treasury Monday
of the present week of only $85,516,514,
and that there has been loss, of $20,OO0,-
600, or almost one-fourth of the present
reserve, since the 10th ofAugust. "This, y
he said, sis rather a frail support for a
paper money government" He asserted
also that there was but little improvement
in the treasury returns since the 1st of
October, when Carlisle estimated that at
the present rate of receipts and expendi-
lures the deficit for the year would amount
to $5O,O0O,Oo0.
1t is also believed Carlisle will ask
authority to coin the seignorage silver
bullion now. in the treasury, which
amounts to $5O,00O,Ooo, or probably
enough to make good the threatened
treasury deficit, but with the present
coinage facilities Of the government it is
doubtful whether this silver can be
coined into money in time to be lmmedi-
ately available. The proposition to coin
seignorage, if taken into congress, will
meet with very stubborn opposition
from both the extreme gold men and ex-
treme silver men as we'll.
THE CABINET AT WORK.
The cabinet was in session from II q.
m. until after o'clock this afternoon. It
is understood that the presidents message
and cabinet officers reports we're the chief
topics under discussion.
SILVER.
The amount and cost of silver pur-
chased under the act of July IA, 1880,
from the date the act went into effect
August 81, 1890, to the date of the repeal,
November 2, 1898, was 168,674,59O fine
ounces, costing $l55,93O, $40, the average
cost per ounce being $0.92.44. The pre-
sent market price is about 20 cents per
ounce. 1t is certain that of the purchases
$36,OS7,2 ,285 worth was coined into stand
ard dollars, leaving 140,699760 ounces on
hand. This amount will coin $1Sl,9l5,-
600. 1t has not yet finally been determin-
ed whether to authorize the coinage of
the bullion, but in anticipation of any
possible order, the mints have been
ordered to prepare the ingots and blanks
from which the dollars are made so as to
proceed with the coinage promptly
should the notice be given.
NATIONAL NOTES.
1t has been decided by the Democratic
members that iron ore would be placed on
the free list. This leaves the iron ore
men of Alabama, Virginia and Michigan
no alternative but to carry their fight to
the floor of the house.
The president has appointed Andrew J.
Arnold postmaster at Topeka, Kas., to
succeed Frank s. Thomas, removed.
Charges against Postmaster Thomas, al
leging violations of the civil service rules
were made, but dismissed. They we're
then brought to the attention of post
master general and have been pending
until this action. e
The future location of the bureau of
awards at the Worlds fair has. il ia said,
been finally settled by determination to
remove it to this city, and quarters have
already been engaged in the Pacific build
ing. T. s. Smalley, the ex-officio chair
man of the committee on awards, has
been in the city for several days, and it is
the outcome of his visit.