The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-11-23
GOLDEN EAGLES AGAIN GOING.
THE TREASURY DEPARTMENT
WORRIED BY THE FLIGHT.

The Danger Mark OF S75, 100000 VIII
soon BE Reached at the Present
Rate of WfthdrawaIs-The Presi-
dent to Give Congress an OppOrtu-
nifty 10 Suggest Some Form of Re-
Iief-If Its Action Does Not Meet
His Ideas He VIII Sell More bonds
10 the Syndicate.
Washington, Nov. 22-Another big raid
on the gold reserve was reported at the
treasury department late this afternoon,
and the officials in the treasurer's Office
made no attempt to conceal their anxiety.
The FIRST report that came from New York
was TO the effect that S4.503.05o was with
drawn for shipment tomorrow, but SUBJ
sequent information reduced the amount
TO S4.0J0,OoJ. At this rate it is said at the
treasury that the danger mark or the
limit, which was fixed at S75.0l0. 600 will
soon be reached. il is further understood
that Secretary Carlisle, in his annual re-
port to congress, does not propose to
make any specific recommendation to af-
ford immediate relief, and it is further
said that the President will only go as far
as to urge the adoption of legislation
providing for the retirement of the green
backs. 1t is said that the President pro-
poses to give congress an opportunity to
suggest some form az relief, and if it
agrees with his ideas he will give it his
official sanction, otherwise he will veto it,
and sell more bonds to the Morgan-Bel-
mont syndicate.
The practical men in congress, as well
as those in administration circles who
are not trying to make political capital
out of the unhealthy condition of the gov
ernments finances, point to the insult
cheney in The revenues as the great cause
of al the trouble. They call attention TO
the act that it was claimed that the re-
peal of the purchasing clause of the
Sherman silver act would bring the de-
sired relief to the treasury; now it is urg-
ed that the retirement of greenbacks is
necessary to keep up the gold reserve
and afford sufficient revenue to meet
the expenditures of the government.
While IL is conceded that the retire nent
of the greenbacks will eventually help
TO keep up the gold reserve, the fact
remains that the expenditures of the gov
ernment continue TO exceed the receipts
Senator Eiawley of Connecticut, in COM
menung upon the condition of the treas
ury, says he does not believe the repub-
lican party intends to take any political
advantage Of the present situation, in
dealing with the nations finances. He
bic limit with the President and Secre-
tary Carlisle, to help bring about an inn
prOvement in the condition of affairs. 1t
Is not the time for the President or the
republicans in congress to play at poll
tics with such an important question, q
question Of vital importance, to the whole
country, without regard to party lines.
senator HaWley says the simple truth
is that the revenues Of the government
are not equal to the necessary eNpendi-
ures, and ii congress and the President
WRI1GNA
the treasury It can be accomplished with
out much difficulty.
The senator does not advocate gen.
eral revision of the tariff, but ne sug-
gests thar duty be placed on wool and
such other articles as viii produce a suGil-
cient revenue. lie says he is willing to
go as far as any reasonable man to meet
the present emergency.
On the other hand, some of the free
silver men are disposed to derive some
1tistacuon from the present condition
of affairs, for they contend that the pas
sage of free silver measure would have
| protected the treasury and increased the
Idaho, who is one Of the active cham
pions Of silver takes a more reasonable
view of the situation than some of the
rampant free silver men, who insist
that nothing but the unlimited
free coinage Of silver at a ratio
of 16 to 1 VIII satisfy them. lie says the
honest and sincere friends of silver, who
simply demand that silver shall have a
fair show with gold are ready to cooper
ate with the representatives of the gold
standard whenever silver receives just
recognition and the people of the country
have the privilege of judging for them
selves whether they viii have gold or
silver as money. 1t is feared, however
that the silver men, who claim to have
d ajOrity in the Senate, viii stand out
against any proposition that is not fav-
orably disposed toward silver. Under the
existing rules a few men can block any
proposition submitted and the outlook for
legislation providing for the retirement
of the greenbacks alone is not bright.
Such a proposition may go through the
House, but the fight win come in the
Senate, and the revival of the old finan-
cial conflict is not improbable.
EX-RepresentatiVe Bacon of New York,
who was chairman of the committee on
banking and currency in the Fifty-second
congress, who was in Washington to-day
on private business says the only way
to replenish the gold reserve is to make
all the customs duties payable in gold.
So long as 80 per cent. Of the customs du-
ties are paid in paper, there is no way
for the government to obtain gold eX-
cept by purchasing it or borrowing. He
says he would retire all the Sherman
notes and all the notes now receivable
for customs and reissue them as green
backs which are NOT receivable for Gus
toms. Then, and only then, will the gold
reserve be replenished. Naturately he con-
tends that even if the revenues We're i'm
excess of the expenditures of the govern
ment. the gold reserve would still be con-
tinually depleted by the present system
of receiving eli kinds of paper money for