The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1894-01-05
MONEY NEEDED.
after the Holiday Recess Congress
May eo Compelled to Consider
some Measure for the Reiicf Of the Treas
ury-Ihn Receipts From the Customa
aud Internal Roynnuc IAN Very
Far Rclow Former Figures,

WASHINGTON, Dec. e9-lndications
point TO the probability that Immediate
ly after tho holiday recess congress
may be compelled TO consider some
measures for the relief OF the treasury,
even before the Hawaiian question and
Wilson tariff bill are disposed Of.
In his report TO congress Secretary
Carlisle's statement OF the condition Of
lhe treasury was frank enough TO make
immediate action Indispensable, but
even his franhness mas been out
done by the official statement Of
The condition of the treasury pub
iished Thursday. The treasury bal-
ance has been Carried down to tsspli,-
JOG, Of which ss2.02i, T96 was in gold
and s6, sse,80O was currency, More
over. the receipts Of the treasury are
constantly running down and thore Is
absolutely no prospect OF change for
the letter. The expenditures for De
cember have 20 far exceeded the re-
celpts by s5.s9JOoo, making a total de-
felt for the first six months Of the
fiscal year about s35, 900, 600.
The customs receipts for December,
s7.sls.OO0 are the lowest for any month
since isG6 The months receipts will
be little moro than half Of The customs
receipts Tor hlst December A loss Of
lB,OO0,0o month. II continued, must
soon not only further invade, bat ex-
haust the gold reserve.
The receipts from internal revenue
tascs nave also steadily decreased.
Thus for instance, the receipts from
internal revenue for the month Of De-
renler UP TO the present time have
been only 60, "a, GOO, while the internal
revenue receipts for the corresponding
month Tor lasi year were siisiaS'6
showing dccreaso IN even internal
revenue receipts Of nearly 20 per cent
Tho situation is aggravated by the
fact that January payments are about
10 fail due. These include nearly sj,-
600, 900 Of interest ON per cent bonds
and Pacific railroad Os In addition
the quarterly payment OF pensions,
amounting 50 bctwecn sle 0o0,09 and
SIS, 100000, must be met. This lends
emphasis 60 prophetic warning ex'
! pressed by Secretary Carlisle ,n his re.
ceni report that unless souse prompt
measure wcro taken by congress pen'
sipners and other creditors Of the gov
crnment might ba subject 70 great in
couscuieHe, and delay
All these elements 70 to show that
the situation IN the treasury depart
ment Is one TO which congress cannot
| longer shut iiseyes Something must
be done. and that immediately II j.
therefore, probable that congress vii
be- urged ta act at once upon the recon
meudation Of Secretary Carlisle, look
ing 10 an issue oI bonds and authoriz
inR the secretary TO issue certificates o
Indebtedness redeemablc within on
year.
There will be meeting Of the cnbi
net Friday, az which the propriety OF
special message 20 cong'ess viii b
considered although with facts an,
figures already in the possession Of th
legislative branch Of the goyernmen
and after Secretary oarlisle's stronI
statement Of the situation further &C
tion on the part Of the executive woul
seem to be unnecessary.
Many democratic members cling I
their objection TO increasing the inter
est.bearing debt Of the government
during democratic administration
They viii be aided in their opposition
iy the populists who will renew thei
familiar cry that bond issue wi
1nercly inure TO the benefit OF the nj
, tional banks and OF financial centers
the east Mr. Cleveland viii exert a
: his influence 10 club rccallitrant dem'
: Gratis into submission.