The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-11-06

WAsHINGrox, D. c., Nov. 5.-Secre-
tary Carlisle did not send any intima-
tion OF public nature to Congress- in
dicating that he wanted any legislation
to relieve the treasury, but tits known
that the ways and means committee
has taken into consideration the state
OF the finances Of the treasury, and that
possibly it would have been able to act
if a request had been made. Various
methods have been discussed by the
majority members OF the committee, rs
is shown by conversation with them
that they had in mind different projects
which they were willing to present
should opportunity offer.
1t is possible that the first thing the
committee will be called upon to do
when Congress reassembles will be to
put through some urgent measures for
the treasury. This may be done by in
creasing the internal revenue taxes for
the time being, by the issuing OF bonds,
or by another method which seems to
meet with considerable favor in some
quarters.
Between twenty and thirty million
dollars OF United States bonds are fall
ingdae or will soon be due. 1t is sug-
gested that these bonds be paid by is
suing treasury warrants. These war
rants would have to be authorized by
Congress, and although called warrants
would simply be another name for
greenbacks. The owner of these bonds
could demand payment in coin, but this
could be supplied by silver or even
gold, as the treasury warrant would be
redeemable in gold, the same as the
greenbacks.
AS long as the government maintains
the parity OF all its currency it would
not make any difference to the bond
holder whether he received his money
in gFeenbacks or silver which would be
discretionary with the secretary Of the
treasuary. The advisability has been
discussed of authorizing the payment OF
bonds in these warrants, thus putting
more money in circulation and at the
same time relieving the situation in the
treasury to a considerable extent. "If
we can exchange our non-interest obli-
CATION for an interest bearing obliga.
ton" said one OF the committee,
at would be much better
thing for the government. 1t will not
make any difference whether we issue
these warrants or issue bonds so far as
redemption is concerned, as both would
have 10 be redeemed in, gold, except
that the warrants would bear no inter-
est and the bonds would. The circula-
~ hn ipn ~ = a..
ment direct instead OF through the
national banks" Continuing, he SAID
that either the ways and means COM
mittee or the committee on banking
and currency could take action looking
to the carrying out OF this proposition,
though it was probable that the matter
being in relation to raising revenue it
would come before the ways and means
committee.
Another subject which has been dis
cussed by some OF the members OF the
latter committee is the proposition to
authorize the issue OF a certain amount
OF greenbacks to supply the deficiency
in revenues which the tariff reductions
will make. This at least until it is as
certained lust what amount of revenue
is needed and what the actual increases
and decreases will be. This is suggested
in view OF the tact that us the currency
will not be further increased by the
purchase of silver and the issue Of
treasury notes thereon, an increase by
the issue of warrants or greenbacks
would meet the present deficit in the
treasury or any deficit that might occur
by reason OF tariff reductions.
Another member Of the majority Of
the ways and means committee said
that there would be no difficulty over
the treasury shortage, and that there
were many ways that the government
could supply the deficiency without in-
creasip1 the burdens of the people. II
have no doubt that all the seignorago
will be coined, thus giving the treasury
about 100000 additional money"