New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-01-16
RECEIPTS AND EXPENDITURES
FISCAL YEAR 1894

Totnis ..sio2 os5 % 5oaa AS 30 S4s55so ~
II the same syer@Es monthly deficiencies should
ss.iG75ss ''' '' wv ~" way june "'A' VIII 0s
According to the best estimate that can be made
the total receipts during tho present month and
the month Of February, will be Sl.9oooo, and the
hciency during the two months OF $SN00o0. but
this does not include any payments on account OF
of nearly 100000 have already been presented and
are now under investigation in the Department;
The assets OF the Treasury and the current LA
blliiies in excess OF certificates and Treasury
outstanding were as follows on the 18th day OF the
ASSETS GOD. HtiOsie; silver dollars and bull,
2 US;S. s i T laer Ty n, oS IS
-. National bank notes. Sii026 Ia5; minor coin
sos e25 deposits in banks. s5i7osS; total cash as
Lla6cs na9k note per cent :; f 81 o sISsfIs
officers balances. NNl16lU PostOficc Department.
9ce9un % gna DIS a. A. o of failed
count Si2GlS total agency account 1866; gold
reserve. s.llos4s net balance. sii235i total la
il viii appear from this statement that the coin
reserve has been redncri TO 5000, anu na ~
the Department will have 30 means 20 defray the
large part OF the payments arr hereafter made out
Of that fund; II h. Is done the coin reserve , WI
0li.sA a sum wholly inadequate for the purposes
ON account Of mis- critical condition OF the Treas
ur' have considered It my duty. In addition to
the earnest recomm' ndaiions contained IN my an
m.
and after frll explanations OF the situation, urge
prompt legislative action this subject with the
permission Of the committee. have prepared AMI
presented FOR its consideration a hill when, IT
promptly passed would. In my opinion meet all the
requirements Of the situation by providing the
necessary means for defrayng the public expenses
aud repenishing the coin reserve To such an eN.
tent as to assure the maintenance or the parity or
all forms OF United states CURRENCY.
While this proposed measure or RELIEF mas not yet
been disposed ~ considered by the committee.
the great differences OF opinion which are known 10
propriety OF granting additional or amended author
ity To issue bonds In any form or for any purpose
render II doubtful whether new legislation upon the
subject be secured In time To- provide the means
which ARE imperatively demanded In order 10 pre-
serve the credit and honor OF the Government
OF maintaining specie payments was expressly con
fcrred upon the Secretary OF tn" Treasury by the
act Of January II. 1915 but II has not been eNer-
cIs.d since 1879 and on account or the hgh rate
Of interest provided for. and the length of time
such bonds would have To run. nave not been sat
isncd that such an emergency ms heretofore eN-
is,nd ns would clearly justify their issue But the
necessity for relief this time IL 50 urgent, ana
the prospect OF material improvement IN Inc imam
cial condition OF the Government - so probematl-
cal that unless authority to issu" ana sell shorter
bends or other obligations bearing lower rate
OF interest than that specified In the existing law;
s granted by Congress AT a very early day. shall
fc.l constrained hy a OF public duty TO eNer-
cleo m. mower already conferred. To the extent, at
cast ~ providing adequate coin reserve.
II this action should be taken. Congress ought.
nevertheless 10 provide promptly for the deficiency
in rho revenues during the current fiscal year ana
yuI from time TO time advise your committee OF
Tho condition of the Treasury. I'm order that this
'"''''' mug j. g. CARLISLE.