The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1894-08-10
ABOUT BONDS.
Treasury Onicials Said to Be Discussing
Another Bond Issue-Falling ON of Gov
ernment Receipts.

Treasury OnicIals Said to BE Discussing
Another Bond Issue-Falling on of Gov
ernment Receipts.
WASHINGTON, Aug. 6.-There are diff
ferences of opinion among treasury Of
ficials as to the probabilities of another
bond issue. Neither Mr.. Carlisle nor
Assistant Secretary Curtis is willing to
admit that there is any real cause for
alarm in the present financial sit
uation. 1t is known, however, the
president and his advisers are
watching with eager interest every
change in the financial situation,
and that every phase of it is being
carefully and thoroughly studied.
Notwithstanding this solicitude, it is
believed it is the judgment of the
president that the situation does not
furnish any just apprehension. and
that better times may be confidently
expected soon. From this point of view,
it is argued the passage of the pending
tariff bill is sure to result in a prompt
and general revival of business, and
that in consequence there will be a
large increase in the government rev.
enues. Receipts from customs, which
for many months past have been grad
ually growing less, it is believed, will
show a marked improvement from the
very first, and will continue to increase
until normal conditions have been
reached.
1t is contended that notwithstanding
the fact the gold reserve had reached
the low water mark of about $50, 100000
the government is really far better able
to meet its obligations to-day than it
was just prior to the February bond
issue. There are some, however, who
take less hopeful view of affairs.
They observe the gold reserve, which
six months ago was brought up to its
normal condition by an increase of S50,-
OOO, 900 in the public debt, again melt
ing away, and already reduced to a
point s13, ,OOO, 900 below the lowest point
reached prior to the February bond
issue.
1t is argued should the pending tariff
bill become a law and go into opera
ton even as early as the middle of the
present month no material increase in
the revenue could reasonably be ex-
pected earlier than next December, for
the reason the tariff bill will have
passed too late in the season to realize
any considerable amount from the fall
importations. The treasury figures
show there is now in this country at
least a six months supply of sugar, SO
little may be expected from that
source. This is true also of whisky.
The statistics of the internal revenue
bureau show the tax has already been
paid on over $4,000, 900 gallons of whis-
ky in excess of the amount upon which
the tax had been paid one year ago.
Therefore, but little relief may be ex-
pected from this source before Decem-
ber.
The only course, therefore, it is con-
tended, will be to bond issue, and
there are many well informed persons
who believe if this congress does not
pass prohibitive resolution before ad-
journment, S5OO9O,OOO or more will
soon be issued. That there would be
no difficulty in placing any reasonable
amount even at the premium exacted
in February, seems apparent from the
fact that the February bonds are be-
ing sold at premium of 1.27 per cent.