The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1894-01-17

Misrepresentation az to Hir Special
Duty-rhe Treasury Net Balance.
WASHINGTON, Jan. l6 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. This morning Secretary
Herbert received cable message to
that effect from Rear Admiral Benham.
Tho fact that the New York did not
stop at any port during the last $500
miles of her journey indicates that the
Department was anxious to have her
reach Rio in the quickest possible time.
The voyage was a remarkably fast one.
The other United States vessels at Rio
are the San Francisco. the Charleston,
the Detroit and the Newark
Fifteen Offers to Take Bonds
Fifteen separate offers aggregating
$40, 900, 900 to take bonds, should Secre
tary Carlisle issue them, have been re
ceived at the Treasury Department.
was received from New York firm this
was received from mechanic. No
preparations, no viewer, are being made
at the Treasury Department for an i'm
mediate bond issue.
Secretary Carlisle will wait reason
able time for Congress to act, probabl y
until February |, before he proceeds
Independently of Congress, on the pre-
sumption that now that he has officially
called the attention OF Congress to the
urgent needs of the Treasury it will &C t
promptly Until Congress- shows that
it will not relieve the Treasury, the
Secretary will not feel called upon, on
mis- own responsibility, to issue bonds
under the resumption act.
Designer Appointed.
cretary Carlisle has appointed w
fl. Low of New York, a designer in the
bureau OF engraving and printing ct a
salary of $4,000 year. 1t is understood
the appointment is only for two months
In some quarters the appointment, fo-
so short time at 30 large salary, is
taken as an indication that either the
Postm aster General has decided to
award the contract for printing postag g
stamps to the bureau of engraving and
printing or else the bureau was prepar-
ing for bond issue and needed de-
siRner for that purpose.
The contract for the construction OF
the public building at Colum bus, Ga was
to-day awarded to Benja amin Hyde, of
Chicago. Ills, at SAL The stone to
be used is Georgia granite, and the
time in which the building is to be
com pleted is nine months.
The stated net balance in the Treas
ury stands: Gold, S7l,476,921; cur
rencY, $50, ,329 From this currency
balance must be subtracted Sc, $50, S51
paid on interest
Voorhees, Statement of CarlisIe's Power.
The Senate finance committee to day
lasting an hour. at its conclusion
Senator Voorhees, gave out for publica-
ton the following statement:
"The embarrassed condition of the
Treasury and the necessity for prompt
action for its relief are fully realized
There is not the slightest ground. how
ever, for apprehension that the public
credit will suffer or be endangered, for
the reason that ample authority alread Y
exists by law for tho Secretary of the
Treasury to strengthen his coin reserve
to any extent required and to meet
every demand that can be legitimauely
made.
The power of tho Secretary for the
iSouc Vi JULIUS HetIS HOtnlnR beyond
what is given by the act of January Ii
1875. The only desirable object to be
attained by new legislation at this time
on that subject is to make a short tel
time bond with lower rate of interest
and yet the Secretary feels assured
that no can negotiate bonds issued
under the act OF 1875, running only
ton years on practically three per cent
basis.
1t seems, therefore, that it will be
wiser, safer and better for the financial
and business interests of the country t.
rely upon an existing law with which
TO meet the present EN- rgency rather
than to encounter tho delays and I'M
| certainties always incident to protracteG
discussion in the two houses of Con
| gress,
sit is proper to say in this connection
that the Senate finance committee tol
| several weeks past has had this subject
under almost constant consideration
and that the bill submitted by Mr.. Car
Isle has been examined and discussed
with the greatest care.
In Favor of ex- Con derates.
WASHINGTON, Jan. 16.-The House
| committee on pensions to. day agreed tC