The Providence news. (Providence [R.I.]) 1891-1906, 1895-03-09
NO ANXIETY.
The Treasury Can Easily
Meet All Obligations.
Appropriation Figures Which Disagree
With Those Presented by Cannon.

WASHINGTON, March 0. - Assistant
Secretary Curtis yesterday made public
the following statement:
sIn view OF certain statements in the
newspapers that treasury officials are en-
barrassed by an alleged failure In gold
deliveries under the recent contract, and
other assertions of a similar nature, calcu-
lated to mislcad and disturb the public
mind, wish TO say that the actual with
drawals of gold from the treasury since
March /, 1896, have been 1885, 847, OF which
e2S1, ,087 have been for the redemption Of
United States treasury notes and s74, 260
for the redemption of United States notes.
These are no more than the ordinary
Withdrawals which i'm the past have
usually taken place at this season of the
year. Moreover. during the same period,
the treasury has received considerable
gold coin in exchange for various kinds OF
paper currency.
"The apparent falling off of the gold re-
serve was caused by a misunderstanding
in the taking up in the gold reserve state
ment of the treasury department. from the
daily reports Of transactions sent from the
sub-treasury at New York large amount
OF gold which had been deposited for exam
ination and count, and which should not
have been included in the gold reserve un-
Gil the final certificates of deposit upon
which bonds could be issued were deliv-
cred.
'The February figures quoted in some
Of the newspapers as Withdrawn include
the heavy Withdrawals of the earlier part
of that month before the gold purchase
contract was made and one single large
item withdrawn for export, concerning
which there has been considerable news
paper comment.
''The treasury officials who are charged
with the responsibility of these transac-
tions have no anxiety whatever in regard
90 the method which Is and has been pur-
sued by the sellers OF the gold coin under
the recent contract. They are satisfied To
contemplate the fact that for five weeks
the Withdrawals Of gold coin have not ex-
cseded tho normal amount with tho ex-
ception of the instance quoted above, and
that no exports of gold whatever have
been made during that time. The fact is
that fully $1,000 600 in gold has already
been deposited in the foreign account in
excess OF the contract requirements.
I'm regard TO the excess OF the govern.
ment expenditures over receipts. it is we'll
known that the latter are rapidly inereas-
ing. and that up to this time nothing has
been received from the income tax and
very little from sugar duty both of which
will be important elements Of government
receipts in the near future.
'"There is plenty OF money in the troas-
ury to pay the appropriations, and the
statement In some articles That IL the
treasury had the money, the passage on
the enormous appropriation bills would
lead to the immediate disbursement OF
immense sums of money Is totally un-
true.
''The total available cash In the treasury
today amounts TO $S3, ,495, over and
above the one hundred millions allowed TO
cover the gold reserve, which is $50, 745,-
794ll.
"The treasury officials have no anxiety
rs to their ability to meet all obligations
in the Immediate future with ease, and
are confident that the expected revival Of
business will assure the future"
How Henderson Figures 1t.
Representative Henderson of Iowa, the
ranking Republican member Of the com
mittee on appropriations, makes a critical
statement OF the appropriations OF the last
congress from somewhat a different stand-
point than that Of his junior associate,
Mr.. Cannon.
II summarizes the total of appropria.
tions ut 5000, 33S Col, but with authorized
contracts, increase of the interest charge
by the sale of bonds and assured de-
ficiencies, no brings the total up TO ST..
0i9,oiS, 100 which he says was far in ex.
cess OF the socallod "billion dollar con.
gress."
The statement proceeds: 'In addition
10 NIL Of this the Fifty-third congress has
increased the navy 1000 enlisted men, and
added 3i3 officers and employees TO carry
out the internal revenue provision Of the
Wilson tariff law.
"As soon as tho war was over, the Re.
publican party began 20 reduce the mum.
her OF officials. remove the direct burdens