Waterbury evening Democrat. [volume] (Waterbury, Conn.) 1887-1895, 1894-06-26
MR.. CLEVELAND TALKS ON FINANCE
The President Discusses the Situation and
Says There Is No Cause For Apprehen-
sion-The Senate and House Adjourned
Out of Respect to the French.

WASHINGTON, juno 6-Congressman
Stone of Pennsylvania has prepared and
introduced in tho house bill defining tho
term anarchist and providing for death
sentence for every one of them convicted
of destroying buildings, human life or at
tempting to kill persons filling positions
under the United States government.
In II long conversation, the president,
in speaking of the present financial stu
alton, said: THE offer of certain of tho
New York banks to place from their vaults
this gold drawn fruIu- tho government
treasury for shipment abroad is certainly
thoughtful ana patriotic. 1t not only
tends to maintain the treasury's gold re-
serve in good condition, but it adds to the
stock of popular confidence, which is at
all times important.
1.-The elements which make up our &C
tual situation do not justify any appre-
hension, and the administration still ad
heres to it's pledge and determination to
protect our national credit at all hazards
and to keep the quality Of our money
equal to the best so far as the limits of
the executive power permits
Money In Plenty.
'Of course croaking and preading of
disgusting tales are calculated to increase
the stringent financial condition. 1 as
lONtNtI, tHtEc UOO IuuCL
patriotism among our people and too much
familiarity with our resources and capa-
bilities to permit our reserve force and
financial vigor to be discreitcd. When
the late government bonds We're issued, to
replenish oGr stock of gold, it was nearly
as low as now, while outside of our gold
we had as available money to pay ordinary
expenses of the government only about
$40, 600, 600 We have now besides our
gold and in money applicable to govern
ment expenses more than $53, 100000. 1
understand it is charged in certain quar-
ters that the payment Of matured obliga-
tions is postponed to the amount of $780,
900, 600 or $75. 600, 900. This is not true.
We are paying as we go in the usual way.
Last year up to June the balance against
us arising from the exports and imports
of merchandise, excluding gold and silver,
was $64, Doe, 04O. The balance in our IA
vor for the same period this year was $62,
900, 562, representing a change in our
favor of $127, Sig, 60s. These conditions,
taken in consideration with the willing
ness Of cur banks to help the treasury dur
ing any temporary and unusual drain Of
gold, ought to satisfy the most conserva-
tive of our safety.
1T must not be forgotten as another
favorable feature in the situation that we
are no longer purchasing silver and issu-
ing gold obligations therefor"
Adjourned In Respect.
The senate adjourned after passing reso-
buttons Of sympathy for tho people of
Franco, and the house followed in few
hours. No business was transacted. I'M
mediately after adjournment the Demo
cratic members of the senate committee
on finance went into session in an effort
to put the remaining part Of the tariff bill
in shape SO as to secure as hasty action as
possible upon it when the senate recon-
venes. They had under consideration sew
eral matters of minor detail, but adjourn
ed without taking action upon any. There
is q probability of another change in the
paragraph affecting building and loan as
sociations. Some of the members of the
committee are still unsatisfied with the
provision rs it stands. The committee Is
DESTROYS of finding a means of exempting
these associations where they are of strict
ly mutual character and are conducted for
the benefit of the members who build
homes, but they do not want to afford
this relief to associations which combine
a banking business with other branches
of their business and charge high rates
of interest. They have found 1t difficult
to make the distinction clear, but will
probably make some amendments looking
to this end.