The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-12-29
CARLISLE'S BILL IN A HOLE.
The Chances Of lis Passage Before
March 4 Very Slim.

1t Appears Impossible to Eliminate
Politics From the Consideration of
the Measuro-A Lack of Confidence
Also Shown In the Details OF the
Pending Measure, and of the Finan-
cial Ability OF Some of the Gentle
men Who Have the Proposed Legis-
laticn in Charge.
Washington. Dec. 2S.-Secretary Carlisle
to-day declined to enter into a discussion
of the dissolution Of the syndicate formed
for the purchase of the recent issue Of
United States bonds. He contends that
the treasury department was In no way
responsible for the formation OF the syn
dicate. and there Is no reason why there
should be any anxiety because of its dis
solution. The bankers who formed that
syndicate were not prompted entirely by
patriotic motives when they determined
TO enter into competition with other capt
talists for the purchase OF the entire issue
of bonds. They considered the matter I'm
all its bearings and entered into the trans
action with the hope and expectation OF
ItaiLillB u lalf DuslNtss lIOANs
The secretary Is naturally interested in
anything that is calculated to affect the
finances Of the government. but he does
not feel that the government is In any
way responsible for the alleged stagnation
in the bond market at present
So far as the financial measure now
pending before congress is concerned the
secretary is ready and willing to give his
approval to any reasonable proposition
that is framed In the interest Of a sound
business policy. There is such a wide diff
ference of opinion In congress on the sub
ject that It may be difficult to get a major
ity Of the House and Senate to agree upon
a bill that will meet the practical demands
of the situation. 1t seems almost tmpOssi-
BILE to eliminate politics from the cOnsid-
Grafton of the pending measure and un-
less that course is abandoned and the con-
sorvatiVe men in congress unite upon
some plan. the prospects of a financial re-
lief bill being passed before March 1, are
very gloomy.
There is not only a lack Of confidence
in the details of the pending measure,
but there is also a lack of confidence in
the financial ability OF some Of the gem
tlemen who have the proposed legisla-
tion in charge. If the practical members
of the House and Senate could unite upon
a bill that would at once command the
respect, confidence and support OF tho
financial world many OF the existing diff
fculties might be overcome.
SO long as there IS a feeling OF dis
trust among the holders of government
securities here and abroad it will be a
difficult matter to check the outflow OF
gold from the treasury.
The finances of the treasury are begin
ming to show signs of Improvement over
the returns of the past six months The
forthcoming statement for the present
month will II is said on the authority
of the accounting officers of the treas
ury, show that there has been an in
crease in the customs and internal rev.
enue receipts during the present month
over the returns of last month 1t Is
expected that there will be a steady in
crease from this time forward, as the
receipts from customs, in anticipation
Of the spring trade. Will begin to
make their appearance in the latter
part of January, February and March.
The receipts from internal revenue are
also growing and by the end of the
next fiscal year ther viii probably be
a marked Improvement in the govern
tnant'g finances