The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-08-08
MAY ISSUE MORE BONDS.
TREASURY OFFICIALS WATCHING
THE FINANCIAL STU ALTON.
Gold Reserve Is Gradually Falling
But M APPREHENSION IL FeIt-The
Passage of the Tariff Bill would
Result i'm Increased Revenue.

WASHINGTON, Aug. 5-There are diff
ferenoes Of opinion among treasury Off
cials as 70 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 pres
ent financial situation. 1t is shown,
however. that the president and his ad-
visers are watching with eager interest
every change in the financial situation,
and that every phase of il is being care
fully and thOughtfuEy studied. Not
withstanding this soicitude, il is be-
lieved that ii is the judgment OF the
president that the situation does not
furnish any just apprehension, and that
better times confidently may be expected
soon. From this point Of view il is ar
gued that the passage of the pending
tariff bin is sure 20 result i'm prompt
and general revival OF business, and that
I'm consequence there viii be a large in
crease i'm the government revenues.
Receipts from customs. which for many
months past have Deen gradually grow
ing less, II il believed. will show
marked Improvement from the very first
and will continue TO increase until nor
nal conditions have been reached.
Ii Is contended that, Notwithstanding
the fact that the gold reserve has reached
the low-water mark of about So, 600 600
the government is really far better able
10 meet its Obligations today than it was
just prior TO the February bond issue
There are some, however. who take a less
hopeful view Of affairs. They observe
that the god reserve, which six months
ago was brought up TO it's normal condi-
ton by an increase of $50,O00,0O0 in the
public debt. is again melting away and
is already reduced To a point $4,000 600
below the lowest point reached prior to
the February bona issue,
They contemplate with uneasiness the
fact that for year and more the ordi-
nary expenses Of the government have
largely exceeded the receipts. This was
true. even during last month, when i'm
expectation of material increase in the
tax on whisky the receipts from internal
revenue were abnormally large. 1t is
argued that should the pending tariff bill
become a law and go into operation even
as early as the middle or the present
month no material increase i'm the reVe-
nue. could reasonably be expected earlier
than next December, for the reason that
the tariff bill will have passed too late
in the season To realize any considerable
amount from the fan importations. The
treasury figures show that there is now
i'm this country at least a six months
supply of sugar. so that little may be
expected from that source. This also is
true Of whisky. The statistics of the in
ternal revenue bureau show that the
tax already has been paid upon over
1900, 900 gallons of whisky in excess Of
the amount upon which the tax had
been paid one year ago. Therefore, but
little relief may be expected from this
source before December. The only re-
course. therefore, il is contended, will be
to "A bond issue, and there are many we'll
informed persons who believe that If
this congress does not pass prohibitive
resolution before adjournment $4,000, 600
or more viii soon be issued. That there
would be no difficulty in placing any rea-
sonable amount, even at the premium
exacted i'm February, seems apparent
from the fact that the February bonds
are being sold at a premium of 1.27 per