Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-10-01
THAT SMALL SURPLUS
It is Comforting to Number of Democratic
Leaders.
They Don't Want Any Bond Issue
Until After the Elections to BE
Held Next Month.

The appearance of small surplus in TIE
revent es OF the government for September
is a wonderful relief to the democratic
leaders in whose states elections occur this
| fall. There is very little faith i'll the graft
flying improvement in the revenues being
| permanent, but If it prevents a bond issue
during October it will relieve a desperate
strain from the party.
How 81 Bond Issue Was Averted.
The danger of bond issue in October OF
during the latter part of September, as
| was anticipated, called forth protests and
| warnings from democratic managers in
every state where an election is to occur
this fall. Mr.. Cleveland and MIR. Carlisle
were warned that an issue of bonds in
either September or October would surely
| result in democratic defeat in every cne of
the November elections, and would disor-
gsniZe the democratic party all over the
country. 1t is believed that these protests
alone prevented bend issue before this,
and that now that a surplus for one month
has appeared there will be none during
this month, and possibly none before Con-
gress meets.
Against an Appeal To Congress-.
The advice of ali the democratic lead
ers is against any appeal to Congress for
more revenue in the Presidents opening
message to Congress, IL it can possibly be
avoided. Every effort will be made bJ the
Treasury Department to keep the expenses
for October and November within the rev.
enues, so as to enable the President to say
in his message that the period of deticien-
cies has probably passed and that the
tariff in full operation will furnish suffi-
.cient revenue.
1t is doubtful whether this can be done,
but the party leaders say that 1t must be
to give them any hope for the future. At
all events they are grateful for the little
hope given in the practical assurance that
bond issue can be avoided until after
the elections in November. II is confessed
that a defeat in New York. Maryland and
Kentucky now, which would almost GER
tainly follow another bond issue, would
destroy any hope the democrats might
have of success in '96.
What VIII Relieve the Situation.
If they can possibly gain little more and
avoid III. appeal for more revenue they feel
that it will relieve a little from their des-
perate situation, To this end every effort is
being strained. The practical politicians
have been cursing Cleveland under their
breath for having the bond contract expire
before November, as long as he made any
contract at ALI The leaders In Congress do
not expect any relief from that quarter and
are satisfied that there will nave to be a
bond Issue soon after Congress meets. IL It
can be avoided that long, but their play is
to relieve this action as far as possible from
lie appearance Oh DeihS rendered necessary
to meet deficiency of revenue but to base 1t
entirely upon the grounds of Necessity to
keep up the gold reserve in the absence of
legislation for the retirement of the green
backs
Low Interest Certiacates.
with no indication that the retirement of
the grcenbacks can be accomplished at
this session, the principal effort will prob
ably be to pass an act permitting the is
suance of small denomination low interest
certificates OF Indebtedness, instead Of
bonds Cnder the old law.