The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1894-08-11

s".ss Differences of Opiniea - T. Tie
Probabilities.

Probabilities.
WARRINGTON, August 6.-There an
differences Of opinion among the treas.
ury officials ~ to the probabilities Of
another bond issue. Neither Mr.. Car
Isle nor Assistant Secretary Curtis ID
willing TO admit that there 10 any real
cause for alarm 1t the present financial
situation. 1t 10 known. however, that
the President aud his adviser ara
watching with eager interest every
change in the financial situation, and
that every phase Of It IL being carefully
and thOughtfully studied. Notwith.
standing this solicitude il 10 believed In
the judgment Of the President that the
situation does not furnish any Just ap-
pFehehsion, and that better times may &c
confidently expected soon. From this
point Of view IL 10 argued that the pass.
age of the pending tariff bill IL sure "a
result in prompt and general revival
of business, and that in consequence
there will he large increase in the gov.
eminent revenue. Receipts from Gus.
toms. which Tor many months have been
gradually growing less, il 10 believed
will show = marked improvement from
the very first, and will continue TO in.
crease until normal conditions have
been reached. 1t 10 oontsnded that, not.
sitiistAnding the gold reserve has
reached the low-wxtrr mark Of sbou,
tao, 90 QUO. the government 10 really fsl
better able 10 meet its obligations To-
day than II MAS just prior u the febru.
airy bond issue.
There are some, however, who take 4
less hopeful view Of affair. They OBJ
serve that the gold reserve. which six
months ago WAS brought up 10 its normal
condition by An increase Of go, 000, QUO
Ia the public debt. 10 again melting and
Is already reduced to point sl3 .0dO, 600
below the lowest point reached prior 10
the February bond issue. They oontem.
plate with unrxsiness the fact that for q
year OF more the ordinary expenses oil
the government have largely exceeded
the receipts. This MAS true even during
last month. when In expectation Of Q
material Increase on the tax On whisk v
the receipts Of internal revenue we're alb
normal, large. II 10 argued that. should
the pending tariff bill become Law and
60 into operation ~ early ~ the middle
vi the present month. no material in
tfrAfc ia Tie frtrhcc could reasonably
br expected earlier than next Dcc-m Der
Tor the reason that the tariff bill will
have passtsi Too late In the season 10 real
lar any considerable amount from the
fall imporaiions.
The ueasur, figures show there ia nos
In this country At least . six months
supply o. sugar; ~ little may bc cx-
pccird from that source. This 10 true
also Of whisky. The statistics Of the in
trrnal r~tvnu- bureau show the tax haas
already br~n paid on over Is. 900 600 gal
Ions OF whisky in excess OF the amount
upon which the tar has been paid year
ago. Therefore but little relief may be
expected from ,his source before ncc~m-
ter. Tho only recourse therefore, il IL
conirndri. will 10 4 bond Issue, and
there ARE many w-ii.informcd persons
who believe that. i! this Congress does
no, pass a pfohthi,isr resolution before
adjournment. $50 GO 100 or morr will
40 tsc issued. That there wouid he no
difficulty IN placing any reasonable
amount. even nj the premium cxarted
IN February. IL vAs apparent frun the
far, that the February bonds are being
soii 81 . premium o! "a per oasi.