The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1894-01-23
wAsHISaToN Dors AND po1S;rs
Secretary Carlisle has all Needed
, Power The Bonds L. Kelly to be
E'orihcoming--An Acr OF Justice,
tho luIlu Dalayed ~. n LI. 81 b,

ssH a, 5 ~ 'g'5-5-f
Secretary Carlisle has all Needed
l. Power The Bonds L. kelly to be
ihm, iHhor,'lhhcomipgnan, Act OF Justice,
- rWAsH1NSToN, Jan. i6.--The United
States naval force at Rio }Janeiro has
been increased to five cruisers by the
arrival of the cruiser New York there
last night. The fact that the New
York did not stop at any port during
the last 3. 800 miles of her journey in
dicates that the department was
anxious to have her reach Rio In The
quickest possible time. The voyage
was a remarkably, fast one. On
January 4, the New York left ST.
Lucia, where she stopped for coal, and
covered the distance at an average
rate OF fifteen knots an hour, or $50
knots aday. The other United States
vessels at Rio are the San Francisco,
the Charleston, the Detroit. md the
Newark
Fifteen separate offers, aggregating
S40, 600 600, to take 3 bonds, should
Secretary Carlisle issue them, have
ment. One offer to take. a blockSof
$25 100000 was received from aSCMesg
York firm this morning. Another
offer to take $1T5, was received from a.
mechanic. No preparations, however,
are being made at the Treasury
Department for an immediate bond
issue. Secretary Carlisle will await
unreasonable time for Congress to act,
probably until February /, before he
proceeds independently offCongress,
on the presumption that now that he
has officially called the attention of
Congress to the urgent needs of the
Treasury, 1t will act promptly. Until
Congress shows that it will not relieve
the Treasury the Secretary will not
feel called upon on his own responsible
ty to1ssue bonds under the resumption
act.
The Senate finance committee how
ever today held two sessions, that of
the afternoon lasting an hour. At its
conclusion, Senator Voorhees, gave out
Tor publication the following state
Ineht:
10y Yhe embarrassed condition of the
Treasury and the necessity for prompt
action for its relief are fully realized.
Iheres is not the slightest ground,
Ahowever for apprehension that the
pnblic credit will suffer hor be en-
Sdengered for the reason that ample
santhority already exists by law for the
secretary OF the Treasury to strength
sen the coin reserve to any extent
}fequired and to meet every demand
,1that can be legitimately made. The
sPower OF the Secretary for the issue of
bonds needs nothing beyond what is
given by the act of January 14th. 1875.
+ The only desirable object to be at
tainedNby new legislation at this time
on that subject is to make shorter
time bond with ailower rate of interest,
and yet 9the Secretary feels assured
that he can negotiate bonds issued
under the act of 1877, running only ten
years, on practically u 3 per cent.
basis. 1t seems, therefore. that it will
be wiser, safer and better for the
financial and business interests of the
Scountry TO rely3upon an existing law
w5thwhich to meet the present emer-
gencys rather than to encounter the
delays and uncertainties ALWAYS in
cident toprotracted discussion im the
two houses of Congrass.@ This view
OF the subject is made stronger by the
Tact that the condition of the Treasury
radfslits sbp. little, ifEiry. delay, ,rnd Of
nc no a uneeEtsi9tysa 1 q. al inthe final aetfhns
Secretary Gresham is officially tad-
vised that the English goverhinent-
hasjdeclared Manchester, England. ID
port OF entry. thus enabling people in
this country to ship direct to that city.
This is result of the recent opening
of the Manchester ship canal
The House. Committee on Pensions
today agreed to repeal that section of
the revised statutes which prohibits
the granting of pensions to any person
on account Of disabilities contracted in
wars preceding the civil war, who
served in the Confederate Army dur
ing the rebellion. This section was
repealed in part in the case of Mex
lean veterans who served in the Con-
federate army, and to whom pensions
of So month are given without regard
to disability. The purpose of the bill
in question is to repeal the section
without aquaification so that soldier
who lost an arm or q leg in the Mexi-
can or the Indian wars and who sub
scquently joined his fortunes with
those OF the Confederacy may be en-
titled toa pension equal in amount to
that which is given to soldiers of the
late war who suffer from similar dis
abilities.
Tho stated balance i'm the treasury
stands: Gold, 81 1876. .92l; currency.
$20,426,329. From this currency
balance must be substracted SIS. 973. S5l
paid on inte rest.