Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1895-12-17

Millions OF DShlduU
Anoa' Badical Cure Of Our
N''1 us is Demanded
pscember 16.-Secretary
" asl repor, on the state CT
WAS sen, TO Congress to-
,ws that the raveue Of the
from an sources during the
y.,- mounted to S39o,S73,2OS.
.,s-5a res during the same
-sEel S43SI7S,246. leaving
for the year Of S42,So5,22S.
red with Che fiscal year 1894,
D-s for 1898 increased Sl757O,-
rossh there was a decrease of
s,l ln the ordinary expenditures,
largely accounted for by the
ton Of S11IS4o55 on sugar boun-
secretary deyo,es q large share
report to the discussion Of the
Jon Of the treasury and the cur
I'm She course Of which he makes
Exhaustive argument in favor OF the
uea- Of the greeubacks.
cash balance i'm the treasury
frs day OIL December, 1895" he
was S177.4O6.3S6. being $9S.072, APO
ss Of The actual gold reserve on
.ly and S77 4o6.3S6 in excess Of any
thai. it would be necessary to- use
eple1Ghiug chat fund in case the
ry should a, any time be able to
uaaags currency for gold There is
fore no reason 10 dounb- the ab.l-
VI the government 90 discharge all
current obligations during the pres
fiscal year and have large cash
lance at IT'S close, w--l1u- imposing
ll3nal taxation i'm any form upon
people. but I adhere 10 the opinion
-a.0t0re express that the secretary
.1a treasury ought always have auth
e-rv J1 issue and sell or use In the pay
mert " expenses. short time bonds,
bearing o. low rate of interest, 20 sup
ply casual deficiencies fro the revenue.
WITH A COMPLETE RETURN
t1 -la normal business Conditions Of
che country and proper legislative and
executive supervise over expenditures.
the revenue laws now I'm force w.u. in
my opinion. yield ample means for the
support or the pubic service. upon the
basis now established. and upon the
sumption. which seems seems 10 De
l-s-h-d that the progress now being
made toward the restoration Of our usual
ol pro-per..r viii continue without
serious Interruption &c is estimated that
acre VIII De q surplus Cf nearly $1,000
200 during the fiscal year 1897 Durine
-e fiscal years 1894 and 1895. the
primary expenditures OF the govern
n- have been decreased S2T.2S2. 656. 20
as compared with the fiscal year 1893.
ana DC is believed .lat. with the coon
Grafton of Congress. further reductions
can Dee made ia the future without inn
-I1g the efficiency Of the public SER
lnuing' he says, The large
lwais Of gold in December. 1894
January, and the early part of
1870, were due almost entire
feeling or apprehension in the
mind. which increased i'm inten-
from day 20 day until &c reached
ncrlons of panic and &c was
To- all who We're familiar with
t0u that unless effectuaI steps
taken to check the growing dis
Inc government would be COM
10 @ few days To- suspend gold
and drop 10 q deprecated s.l-
and paper standard More than
10000 of -he amount withdrawn
ring rle brie. period last mentioned
not demanded for export. but was
ont by people who had become
EARNED on account OF the critical con-
1- of the treasury I'm l-s relations
re currency Of the country The
base of 3500O00 ounces of gold fol-
ir being in the contract that not
han one-haif the gold was -0 be
lrei from abroad. but after a large
If the gold had been furnished
l abroad the secretary. I'm order 10
S.s-ur52nce iu rates Of foreign
r8rga
AT a. CRITICAL PERIOD
10 ayo.da condition which would force
exports and consequent withdraw
from the treasury acqu.escad i'm a
ure from ,he literal terms of the
c- that 0ne-haG of the coin
Dr. procured abroad and accepted
OF goI then held JIM this cCun-
omp.e-e the delivery Ordinary
demanded that the success of
to protect The treasury against
IWl.s should not be endangered
Fr-Ing uD10 a ~trfc. cor1r,ffauao