The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1894-01-05
MONEY NEEDED.
After the Holiday Recess Congress
May Go Compelled TO Consider
nomo Measure for the nclicf Of tho Treas
ury-The Receipts From the Customs
aud Internal Revsnnc ran Very
Iar Igclow Former Figures.


WAsmsoroS. Dee 20 Indications
point toihe probability that Immediate
iy after the holiday recess congress
may be compelled 20 consider some
measures for the relief OF the treasury,
even before the Hawaiian question and
Wilson tariff bill nre disposed Of
In his report TO congress Secretary
Carlisle's statement OF the condition Of
the treasury was frank enough 20 make
immediate action Indispensable, but
even his frankness has been out
done by the official statement Of
the condition OF the treasury pub
lished Thursday. The treasury bal-
ance Inns been carried down 20 ass Dl4,-
Op6, OF which ss9, O24, 100 was In gold
and SG, ssQ,800 was currency More
over. the receipts Of the treasury are
constantly running down and there Is
absolutely no prospect OF change for
the hotter The expenditures for De-
ccmber have 50 far exceeded the re-
coipts By s5,29O, 600 making q total dc
felt for the first six months Of the
fiscal year about s35, 600 900
The customs receipts for December,
81. sfs. 900, are the lowest for any month
since 1864 The months receipts will
be little moro than half Of the customs
receipts for tlst December. a loss Of
| 10000, 600 o month, II continued, must
soon not only further invade, but ex-
haust the gold reserve.
The receipts from internal revenue
taxes have also steadily decreased
Thus, for instance. the receipts from
internal revenue for the month Of De-
ccnl er up TO the present time have
been only sa al. COO while the internal
revenue receipts for the corresponding
month Tor lac, year were Sli,sis,Si6,
showing decrease IN even internal
revenue receipts OF nearly 20 per cent
The situation Is aggravated bY the
fact chat January payments are about
70 fall due. These include nearly s0,-
600, BOO o. interest on per cent bonds
and Pacific railroad 0s in addition
the quarterly payment Of pensions,
| amounting TO between ele 900 GOO and
| Sis. 0OO. goo. must be met, This lends
emphasis 10 prophetic warming eN-
pressed by Secretary Carlisle Ia bis re-.
cent report that unless some prompt
measures wero taken ny congress pen
sioners and other cr,ditof Of the gov
eminent might b1 subject 10 great in
Convenience aud delay
All THESE clements 70 TO show that
tho situation IN the treasury depart
mcnt ), one 20 which congress can not
longer shut IFS eyes Something must
be done. and that Immediately. II IS
. therefore, probable that congress viii
be urged TO oct at once upon the recon
mendaiion OF Secretary Carlisle, look
ing to an issue ~ bonds and authoriz
ing the secretary 70 issue certificates o
Indebtedness rcdeemahle within on'
year
There win be q meeting OF the cabi
/ net Friday, at which the propriety OF
special message 10 congress viii b
considered, although with facts an'
figures already in the possession Of thI
leaislatiye branch Of the government
and after Secretary Carlislc's stroni
statement OF the situation further nc
ton on the part Of the executive woul'
, seem to be unnecessary,
Many democratic members cling T.
their objection to increasing the inter
est bearing debt OF the government
during democratic administration
They will be aided in their opposition
by The populists, who viii renew thei
familiar cry that o bond issue vii
merely inure to the benefit of the ma
$ tional banks and Of financial centers o
!. the east Mr. Cleveland viii exert al
r his influence TO club recalsitrant demo
= Gratis into submission.