The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-11-26
Their Predictions of n Surplus for
November Blasted Through the
Slipping of an Unseen Cog.
CARLISLE IN A DILEMMA
FORCED TO CHANGE THE TENOR OF
HIS FORTHCOMING REPORT.
Cannot Now Picture the bright Out.
look He Hoped for When He Made
His New York Address.


Special TO the Indianapolis Journal.
WASHINGTON, Nov. 25-There appears
to be serious break In the machinery of
the Treasury Department by which the
daily statement of the condition of the
months finances are manufactured 10
der. Hitherto the officials have found 1t
easy to announce at the beginning of the
month Just what the surplus or the deficit
for that month would be, and the pub
lished figures at the end OF the month have
verified these predictions with surprising
accuracy. But this month there is cog
loose somewhere and the surplus predicted
for November falls to materialize. ON the
contrary, the outlook Is for the customary
deficit. This is all the more disappointing
because Secretary Carlisle had hoped TO
lay before the Republican House when
1t meets the proof that the government is
gradually becoming self-supporting. and
that no new tariff legislation for raising
revenue is necessary
At the beginnieg of this month it was
predicted with much satisfaction at the
Treasury Department that deficits were a
thing OF the past, and that hereafter ev-
cry month would show a steady increasing
surplus. For November a modest surplus
of between s2,0)o.0o0 and SO. 100000 was
tcipated. and IL was expected that by the
end of the calendar year the deficit would
have been reduced TO about sl0,000.G0o. but,
all these roseate hopes were abandoned to-
day. The treasury statement this after
noon shoW that in spite of all the old
time-worn tricks of jugglery, the deficit
for the month is still S3.11s, 3g3 This. of
course, destroys all hope of a surplus for
this month, and the officials are now bend
ing all energies TO keeping the deficit down
az low as may be.
The explanations OF the officials do not
explain anything Hitherto the burden of
the responsibility for the frequent deficits
have been ascribed to the disappointing re-
ceipts from the Internal Revenue Depart
ment. At the beginning of this month it
was said that if the receipts from that
source would reach a daily average OF
$4,000 there would be no further danger
of deficits. The receipts from internal rev.
enue have steadily maintained that average
during this month, but the deficit remains
nevertheless This destroys the last refuge
of the administration, and 1t cannot longer
be denied that the tariff law now on the
statute books needs serious revision II the
treasury is to be rescued from bankruptcy.
and efforts to manufacture a surplus. SHOWS
incidentally that in spite of all jugglery
the truth must come out eventually.
Mr.. Carlisle has not yet begun to write
his annual report to Congress. 1t will be
sent TO the House next Wednesday
week. but not a line OF it has been writ
ten Mr.. Carlisle has been amazed and
disappointed at the cold reception given his
- =
ner His address outlined the salient feat
ures of his forthcoming report. ana the
principal feature of his speech, the advo-
cacy Of the retirement of legal-tender
notes. was TO have been the principal reef
ommenlation OF his report. Mr.. Carlisle is
far TOO clever not to recognize how fiat
his proposition has fallen, and he is said
10 be nesitating about carrying out his
original intention OF again recommending
that course. Moreover. the aspect of the
treasury finances is so radically different
from what Mr. Carlisle had been led to
expect a few weeks ago, when he began
the rough draft OF his forthcoming REPORT,
that he finds himself compelled TO adopt a
totally different line of argument, and to
drop from tone of exulta:ion 10 one OF
apology and explanation. The condition OF
the gold reserve. TOO. has become seriously
alarming al lin In a word. conditions
have so greatly changed recently that the
synopsis of the original report which Mr..
Carlisle had PREPARED would make interest
ing reading as Indicating how pitifully de-
ceived he has been to the real condition
of his department.
Ii was stated at the department to-day
that there was no intention of issuing
bonds until after the Republican House
had been given an opportunity by President
Cleveland to- initiate remedial legislation,
but that if no relief was afforded more
bonds would be thrown on the market
from which IL is plain that Mr., Cleveland
will attempt 10 saddle portion of the re-
sponsibility for the further increase OF the
national debt. which. since the beginning
of his administration. has been increased
by his mismanagement by S;05. 6.oi7. on
the Republicans of the House.