Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1894-01-18
CARLISLE'S POWERS.
Senate Finance Committee Con-
siders Them Ample.
AUTHORITATIVE STATlMENr ISSUED.


WASHINGTON, Jan IA meeting of
the senate fiDnnce committee was held
yesterday afternoon for the purpose OF
considering Secretary Carlsle's letter
and bond bill After the conclusion Of
the meeting, Senator Voorhees,, us chair
man of the committee, handed the press
the statement given below. In making
IL, he said he did not assume to repre-
cent the views of the entire committee,
and yet he knew of no opposition in the
committee to the opinion expressed
He submitted his statement To the full
committee before giving II TO the pub
lie II is as follows:
The embarrassed condition OF the treasury
and the necessity for prompt action 10 Its re.
lief are fully realized There IL not the slight
est eround. however, for apprehension that
public credit will suffer or be deranped, for the
reason that ample authority already exists by
law for the secretary Of the treasury TO
strengthen his coin reserve 10 any extent 70
ouired and TO meet every demand that can be
legitimate The power u the secretary for the
Issue Of the bonds needs nothing beyond what
Ia given BY the act OF January H. 1871 The
only desirable object to be attained by new leg.
isation at this time on that subject Ia to make
. shorter time bond with lower rate OF inter.
eet and yet the secretary feels assured that he
can negotiate bonds issued under the act q
1873, running only ten years on practically q b
per cent basis
II seems, therefore, that It will be wiser,
safer and better for the financial and bus ness
interests Of the country 10 rely upon existing
law with which to meet the present emery ncy
rather than to encounter the DELAYS aud unccr.
taintes ALWAYS incident to protrattpd discus
sion In the two houses Of congress This view
Of the condition Of the treasury admits Of but
little u any, delay and Of no uncer tninty at all
In the final action to be taken.
II would be trining with ycrt grave afiair
TO pref tina new logislut on concerning the
Issue ~ bonds can be accomplished At this time
ami In the midst OF present elements ant par.
tics IN pubic life, with rltboriie, extensive
and practically indefinite debate II Is also
obvious to every one that he consideration and
discussion OF the tarln now z ling On IN Goa.
grcss will render any I'm ncial legislation at
this time far more diniCult AMI compile ttcd
than 1t might be under another and different
circumstance
1t is proper to say In this connection that tho
senate finance committee for several wreks
past has had THIS subject under almost con.
slant consideration, aud that the bill submit.
ted BY Mr. Carlisle has been exam ned aud ,iis.
cusard with the greatest care
Tho interest of tho committee will bg no
mctn be abatod from Is Tim forward Tho
fact tha, mush remains TO be done IL tuly
rectgn 1cd Whatever dehcionc IN the rev
tHN'a AuAl may tAlhl huFtut luO Ufch v hH
will he promptly provided for by appro-
PIRATE and oficient legislation At the earliest
moment
The senate finance committee author
lied senator Voorhees, to Introduce the
Carlisle bill in the senate and also to
present the letter from the secretary of
the treasury for the consideration OF
that body, which was done. This au.
thorization in the introduction of the
bill is not intended to mean, however,
that the committee has decided TO pass
the bill through the senate, or that it
hns given further Endorsement than to
allow IL to DO printed and referred to
the committee in the regular way for
considera ton.