The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1893-05-06
THE NATIONAL TREASURY,


WASHINGTON, May 5-Though the pam
icky condition of Wall street was of much
interest to the treasury department Of
lcials when interviewed today, they said
that it did not Immediately concern them,
as the department was unable to improve
he situation there. That trouble was
not seriously thought of IS shown by the
fact that Secretary Carlisle only remained
At the cabinet meeting about fifteen min
ates. and then went home. The matter
was not even discussed. There is feel
ing among the treasury officials, though
they do not openly express It, that the
Wall street Spectators have brought the
present condition of affairs upon them
selves and that the government Is not in
any way responsible for It, II is said at
the treasury that the time has passed
when the government can aid Wall street
There was time when, by purchasing
bonds, relief might have been rendered,
but the condition has gone by, as the gov
ernment is not in position TO take such
Ection
But the treasury statement for the
month of April gives ample evidence of
the stability ana plentltude of the gov
ernments sources of income. 1t is called
the comparative statement of the receipts
and expenditures of the United States, -
and shows the income and outgo with the
corresponding periods of last year Be-
sides amply demonstrating that there is
no fear of Il deficit, IL is interesting as es-
tablishing the exactitude with which the
treasury calculations are made months in
advance.
Less than sixty days intervene between
the present and 30th Of June. The Off
cials assume that there will be no un-
looked for increase of income between now
and then. What has been demanded of
the treasury in the ten months past will
he demanded for the two months that re-
main, and the same ratio will be true of
the revenue. II was said at the depart
ment yesterday that at the close of the fis-
cal year the surplus will be about s., 700
900. Ia the report of the secretary of the
treasury issued on the 9th of last Decem-
Der it was estimated that the surplus
would be 81 0O0 600 The fact that it will
he so close to the predicted amount proves
the closeness with which the calculating
ls done.
While there has been the usual growl
over the illiberaity of appropriations, the
treasury officials congratulate themselves
upon the fact that they will have the
money to pay every current expense with
which they have been charged. 1t is some
thing TO be able to settle up. they said,
even though there Is rot so much to settle.
The various members of the department
expressed the utmost abstraction with the
situation In view of the fact that the
postal service is not self-supporting. and
that enormous sums are extracted from
the strong box to meet its obligations. the
showing is one upon which the people OF a
prosperous country may congratulate
themselves.
The statement that there is more gold
in the west than in the east causes the
treasury experts 10 smile. Pressed for a
dissection Of the error, they went into fig
ures and proved the absurdity of the mis-
lake. --. ...,.-
The latest data obtainabe is taken from
the statement of bank holdings issued ON
-narch o. There Is no reason to believe
that there has been any radical change of
conditions sincs thai time; there Is every
aeason 10 believe that there has not. On
shat date the banks in New York held
si2, 43S,652 In gold coin. the Chicago banks
held Sl+S3466O, an advantage of more
than $3,000oo0 in favor of Chicago. Bat
she New York banks held S44. 73S 320 in
gold treasury certificates, against s., 393 =
BOO held ny Chicago. an advantage OF over
$4,000 IN favor of New York
The mistake lay in failing to count the
gold treasury certificate notes as gold
They are geid IN different form For
very dollar upon their faces there is a
gold dollar Ia the vaults OF the treasury.