The sun., 1894-01-16
NEEDS OF THE TREASURY.
SECRETARY CARLISLE ASKS FOR AU-
1HoRIIY 10 ISSUE BONDS.

bhn t-tVtnH htttn AuthorstV 60 sell s3hOrts
T'-s Thres Per C-n,. Bonds OF small
Denominsti to a. Amount Sumcient 10
M-intsin the sold Reserve aud supply
ANy D'aeieneie- In the Pebble Revenues.
WARRINGTON. Jan. 1.-THE Senate Commit
tee on Finance. since its last regular session,
has held number OF informal conferences. at
which Secretary Carlisle was present and
showed the condition OF the Treasury. and
asked tho committee to do something that
would give II INN ediate relief What Mr.. Car
Isle wants is the authority to issue short-time
bonds at a low rate OF interest. and. although
II lie understood that no made no direct sug-
Restion to this effect to the committee. he has
since informed 1t by letter through its Chair
man that the department is convinced that
bonds and bonds alone will afford relief The
following 10 Secretary Carlisle's letter:
TREASURY DssaRIsEyr. orT,cE OF InE sgcE,r.Hr
Hon. D. W Voorhss'. CAar~an COmm'ae' F~aHce. U"'d
Ssits Senais.
DrAR siR: In compliance with your verbal request
have the honor to submit for the consideration o.. the
fhancs Committee Of the Senate statements showing
the actual condition OF the Treasury the 18th day OF
the present MONTH and an estimate OF the receipts
and expenditures during the remainder OF this month
and the month Of February IL will be from these
statements that there Ia urgent necessity for such
immediate action will replsni,h the coin reserve
and enable this department to continue the payment
OF public expenses and discharge the obligations OF the
Government to pensioners and other lawful creditors
when my annual report was prepared IL was esti
mated that the expenses during the current nsca year
would exceed tho receipts to the amount OF about
s2s,oooooo and asked Congress for authority to
issue and sell bonds other forms Of obligations to
amount not exceeding eco 600 600 bearing low
rate OF interest and having reasonably short ums TO
enable the Secretary of the Treasury to supply
| such deficiencies as might occur IN the revenues
The estimate then made based upon the pton
that the worst effects OF financial disturbances
had already been realized and that there would be
substantial increase in the revenues for the remainder
of the year. while It was not believed that the do
1eiency then actually existing would be supplied by
increased revenues In the fnturs was hoped that
additional dsnoisncy would occur; but the receipts
and expenditures during the month of December and
to the 18th day Of the present month show that the
estimate Of dsneisncy of s2s 900 oOo a the close Of
the year much too low
Secretary Carlisle here gives the actual receipts
expenditures during each month OF the nsesi
year and tho monthly deficiencies from July to jan
IL which shows Total receipts 81 60 Os5 3S4; expen
ditnres s2o5. .643t2s; excess of expenditures sta,-
0ss.ott; or an average monthly deficiency OF about
sIooo.ooo.l
Hths same average monthly deficiencies should con.
uuuo the total differences between receipts aud
psnditurss 8oth day Of June next will bs s7S.
1878.
According to best esm ate that can be NJ ade the
total receipts duriug the present month
of February will be Sal 300 600 and pen.
dtures will bs 500 800 ooo show W ng deficiency dur.
ing tho two months OF Sia 400 oOo bat this docs not
include any pay msns oh Of the sugar bounty
claims for which TO the amount OF nearly $1,000 900
have already been presented and are now under In
vsstigston In the department
The assets OF the rs'ury and the current liabilities
sn,,a % .ns ,n ,a's s.5 s ho's, oa'Ana
mo,,h. ' ''-''A'
A,,.,,-os,d. s1A A1osl4e; sysr dollar, and bullion
81 2sJ; fraction silver CON- sl2 l3a yo3 United
states notss sBosi a27; Treasury notes OF 1900 81.
47aOoo nation al bank notes 81. o2o 1856 minor coin
soss s25: dspo.t. in bank. a47o sss Total e..b
N' .,as 70 sso '-sH
ssse's, sio-'on ''oos.
Liaoih'ies-bank note nVe per cent fund sTiss2le;
outstanding cheeks and drAftA So 0S30l7 dsbursins
officers baiAncea s29l7di4g; Post once Department
.c.ount "a sp7 74i ..,st. NJ fau.d NJ.
,o..In.n| a, o,7 7,T nI.,,., =, coI,,,,,. -,
80 - 80. . '' - - . 80 o. s oun' '
siS1oio. 'oNA Asshoy Aeeouh| steSooe eoo' goId re-
STA, ,1O6 lSO; net balance, Sll, ,22SS7A Total
v.hui,,.. a, al a,5 800
"Ho''e"
N will sppsAr from this statement tina: the coin