The Hood River glacier. (Hood River, Or.) 1889-1933, 1893-09-16
FROM WASHINGTON CITY.

All the members of the administration
took the greatest interest in the vote or
the Wilson bill; Secretary Carlisle espe.
cially so. He received in his office in
the Treasury Department official an.
nOunCement Of the several votes as soon
as they were flashed across the wires
When the first vote was received, which
showed that free coinage at ratio of IL
to was beaten by l02 majority, he said
the majority was greater than he had
anticipated, and that he would have
been satisfied with sixty majority. At
the conclusion of all the votes Secretary
Carlisle stated that he was very much
gratitied at the result and felt that ii
would do much to restore public conf
dence. He expressed the hope that the
Senate would take speedy action on the
silver question. The Secretary added
that the present stringency was not due
to want of money, but to boarding it
and withdrawing it from business on ac-
count of this lack of confidence.
1t has been decided impracticable to
let the tariff question go over to the reg
ular session by adjourning Congress as
soon as the silver question is settled; so
work on the tariff bill will soon begin.
Chairman Wilson of the WAYS and
Means Committee hopes to have the bill
ready fsr consideration by the House bv
November. Another urgent question
may have to be considered before this.
The monetary stringency has caused such
falling off in receipts from internal
revenue, customs and other sources that
the daily receipts of the government are
now falling $500, 900 short of the COM
pulsory expenditures for pensions and
the ordinary expenditures of the govern
ment. Already there is deficiency of
$4,000, 900 to Sll 900, 900 in sight. The
situation cannot be met by economy, as
these expenses are obligatory under the
law. The alternatives before Congress
to meet the situation are limited to three
a new issue of government bonds, an
income tax or some such new impost, or
an increase of the rate in some of the
existing forms of taxation.
Secretary Carlisle has ordered that the
United States mints at Philadelphia and
San Francisco be fully manned and the
full capacity of both mints utilized in
coming gold bullion. The Treasury De-
partment possesses from $S0,000000 to
500, ,0O0,0 900 in gold bullion, which is part
of the gold reserve of $100,000,000. Gold
bars cannot be used as currency; SO it
has been decided i'll the present need to
coin the bullion on hand. The bullion
will be coined into $40, $5 and $2la gold
pieces, preference being given to the
first two denominations. The coming
capacity of the Philadelphia mint, it is
stated, will be between $1,000, 900 and
$6,000,000 per month. The San Fran
cisco mint will also be utilized, utfortu-
nately nearly all bullion possessed by the
government is in the East. There is
SIC, 100000 of gold bullion in the Phila-
delphia mint, $15, ,000,0 900 of it being in
one vault, where it has remained I'M
touched for fifteen years. Acting Di-
rector Preston visited Philadelphia the
other day, and completed arrangements
with Superintendent Bosbyshell to begin
work at once. The Treasury IS now pay
ing out gold coin all over the country,
and as a consequence stands more in
need of gold coin than heretofore.