The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1894-01-19
CARLISLE'S POWERS.
Senate Finance Committee Con-
siders Them Ample.
AUTHORITATIVE STATEMENT ISSUED
Senator voorhees, Says the Country Need
Be Under No Apprehension Concern
ing the Low State of Pub
lie Funds

WASHINGTON. Jan. IA meeting OF
the senate finance committee was held
yesterday afternoon for the purpose of
considering Secretary Carlisle's letter
and bond bill After the conclusion of
the meeting, Senator VOORHEES,, as chair
man of the committee, handed the press
the statement given below. In making
it, he said he did not assume to repre-
sent 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 it to the pub
lie. 1t is as follows,
The embarrassed condition Of the treasury
and the necessity fet prou,rt action 70 ita re-
lief are fully realized There is not the slight
est ground, however, for apprehension that
public credit will suffer or be deranged. for the
reason that ample authority already exists ny
law fer tee secretary OF the treasury TO
streng then his coin reserve TO any extent re-
quired and to meet every demand that can be
legitimate. The power CT the secretary Tor the
issue of the bonds reeds nothing Beyond what
is given by the act Of January IA, 1871. The
only desirable object to be attained by new leg
isation at this time on that subject is to make
shorter time bond with lower rate OF inter
est, and yet the secretary feels assured that he
can negotiate bonds s,ued under the act OF
1873, running only ten years on practically a )
per cent basis.
1t seems, therefore, that 1t will be wiser,
safer and better for the financial and business
interests of tie country to rely upon existing
law with which to meet the present emergency
rather than to encounter the delays and uncer-
tainties always incident to protracted discus
sion in the two houses Of congress This view
OF the condition of the treasury admits OF but
little. if any. delay and Of uncertainty at all
In the final action to be taken.
1t would be trif1ny with very grave affair
to pretend that new legislation concerning the
issue of bonds can be accomplished at this time
and In the midst of present elements and par
ties in public life, with el ibofate, extensive
and practically indefinite debate It is also
obvious to every one that the consideration and
discussion of the tariff now g,ing on in con-
gresS will render any financial legislation at
this time far more difficult and complicated
than it might be under another and different
circuTns tance.
1t is proper to say in this connection that the
senate finance committee for several weeks
past has had this subject under almost con
slant consideration, and that the bill submit
ted by Mr.. Carlisle has been examined and dis
cussed With the greatest care
The interest of the committee will by nc
means be abated from this time forward The
fact that much remains TO be done Is fully
recognized Whatever deficiency in the rev
enueS that may exist during the fiscal year
will be promptly provided for by appro-
pirate and efficient legislation at the earlies;
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 il
has given further Endorsement than to
allow it to be printed and referred to
the committee in the regular way fol
consideration.