The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-01-17
NOES OF THE NATION.
Las Denies That the Public
ooIN0 rv-adit is in Danger.

la Denies That the Public
ooIN' credit is in Danger.
.sirgton. Jan. 16.-The Senate
VOC VOC Committee to-day held two ses-
nan hat of the afternoon lasting an
Gus Al its conclusion Senator Voor-
Do ave out for publication the follow
eeeS cement. The embarrassed con-
p s'o of the treasury and the necessity
jed olLi,11nt action for its relief are fully
tor "a Io557 There is not the slightest
80 go however, for apprehension that
-I,b1ic credit will suffer, or be endan-
- for the reason that ample author
r. oiready exists by law Tor the secretary
+be treasury to strengthen MS COIN re
y ny any extent required, and to meet
serle ,5amand that can be legitimately
I've! The mower of the secretary for
au ;.sue of bonds needs nothing beyond
Lsat is given by the act OF Jan. IA, 1875.
THE ONLY OBJECT.
.rse only desirable object to be at
A.i,sd bv new legislation at this time on
Iala'V subiect is to make shorter time
|ho1d with a lower rate OF interest and
pon' The secretary feels assured that he
~ ragotiate bonds issued under the act
iS75 running only ten years
~ nractically 3 per cent.
p II seems, therefore, that
Ill ba wiser, safer and better for the
s.. -"1rial and business interests of the
- rn,tl. TO rely upon an existing law with
k15icb to meet the present emergency,
IatEar than to encounter the de
and uncertainties always Incl
~ to protracted discussion in
two houses of congress This
- If the subject is rendered more i'm
rsrs+ive by the fact that the condition of
e. treasury admits of but little, if any,
eeiav and Of no uncertainty at ali in the
fpsi action to be taken.
The TINE NOT oPPoRTUNE.
ort would be trifing with very grave
sair TO pretend that new legislation con-
parring the issue of bonds can be accom-
tiisbed at this time and In the midst of
bresent elements and parties in
rb'ic life, without elab-
frste extensive and practically
sndefnite debate, It is also obvious to
& svery one that the consideration and dis
snssion of the tariff now going on in con-
rs. will render any financial legislation
This time far more difficult and com
plicated than it might be under other and
different circumstances.
WORK OF THE COMMITTEE.
81 at is proper to say in this connection
#tbat the Senate finance committee for
seyeral weeks past has had this subject
#hlnder almost con slant considera tion. and
sbat the bill sub mitted by Mr.. Carlisle
AS been exami ned and discussed with
Sfhe greatest care The interest of the
committee will by no means be abated
Isfrom this time forward. The fact that
much remains to be done is fully recog-
shHed. Whatever deficiency in the reve-
nues may exist during the current fiscal
gear will be promptly provided for by ap-
rropriate and efficient legislation at the
Earliest practical moment"
Ia giving out the statement Mr.. Voor-
hees said he did not assume to represent
the views Of the entire committee, but
Bull he knew of no opposition in the COM
,nittee to the opinion expressed. This
was evident from the fact that the state
hnent was read to the full committee by
Nlr Voorhees, before he made it public.