New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-12-10
FOB RELIEF OF THE TREASURY
SENATOR ALDRICH DISCUSSES THE FL
NANCIAL PROBLEM.
THE FIRST THING TO DO. HE SAYS. is TO GU
DOWN ACKNOWLEDGEMENTS PROS
ley TELEGRAPH TO THE TRIBUNE.J

PEC-rs OF LEGISLATION.
ley TELEGRAPH TO THE TRIBUNE.l
Washington Dec s-senator Aldrich, one Of the
foremost authorities in Congress on all questions OF
finance and taxation discussed to-day In local IN
tervew the prospect and conditions OF legislation
at this session for the relief OF the Treasury Here
is what he says:
1.-THE situation so far estimated revenues and
expenditures for the next year concerned, cannot
be fully known unit, after the Secretary OF the
Treasurys report is received The first and mani
fest duty of Congress is to it that the ex-
pensss OF the Government do not exceed It's receipts
When get beyond that all is doubt and the sub
ject of dispute That the Treasury Is running be-
hind is matter Of common knowledge. ana geher-
ally accepted opinion fixes the amount OF dehct al
about SO0O0.OC0 Whatever the amount may be,
Congress must legislate in some way so as to cor
rect the evil Now to legislation. There are
some things that this Congress may do. and others
that It cannot do Our duty, see IT, Is first to
see about those things manifest.y within our power
TO accomplish Republican theories OF the proper
manner OF raising revenue are well understood; put
they cannot be embodied into law 1t 10 true
we have a majority in the House. We are two
votes short OF a majority in the Senate. and the
President is a Democrat Our first STEP therefore
must be in the direction OF greater economy In eX
penditures There should be division in regard 10
the necessity for this. Democrats and Republicans
alike agree that IL the Governments revenues
deficient the safe thing to do is to curtah eX-
penses. II this can be done. business man who in
similar circumstances should fail or refuse to adopt
such policy would find his affairs in the hands
of receiver So the duty OF the Appropriations
Committee Of either House will be to examine care
fully the estimates submitted by Secretary Carlisle
whatever they may be, with the view Of ascertain
ing where reductions, with due regard to all inter
ess. may be made. think it altogether likely that
we shall be able to cut off number of Democratic
extravagances. ald that 1t be possible to strike
a balance between the receipts and expenditures
And If We can do that-!f We can reduce eXpend-
lures the requisite amount without imparing any
important pubic interest-we should not hesitate 10
do it
difficulty and responsibility OF this Congress are
concerned, be solved on that ne?'
reduction OF expenditures first step That at
least would help matters The last Congress re-
ditures. Liberal appropriations We're made with a
knowledge that large deficit would certainly fol-
nearly all our troubles. and If we can correct
this we shall do great deal toward securing the
But suppose IT turns that large a reduc-
ton cannot with safety be made and that more
That will be matter for future party consuta-
ton As you are are We saye only e
tlnctve Republican revenue measure-any meas
grs to which bs the party aeK Hmm at
number cannot be increased by any reorganization
bart to assume responsibes The fact will re-
main that after committees shall have acted all
measures will be in the hands OF the Senate, and
forty-two votes will not be sufficient for Their
adoption. However, Will cross that bridge when
we come to II. There is thing beyond dispute.
and that that. to the fullest extent OF its legis-
lative power. the Republican party must provide
money enough for all legitimate expenses Of the
Government. Then, II q majority vote composed
OF Democrats and Popusts refuses assent in the
Senate or If the President interposes veto, which
is not likely, the responsibility for results and
embarrassments Will not be ours.
But meanwhile, what is to keep gold In tho
Treasury?
II do not care to go into that question now:
But with sufficient revenue and larger exports
and smaller imports under Republican admir-. stra-
ton We have had trouble with the gold re
serve The greenbacks We're never a menace-Were
never used to the Governments discomhturemuntll
our National policy was reversed. Put the Ireas-
urv back on a solvent basis with the adoption
of a proper commercial policy. and most of the
financial Ills we are suffering from Will disappear
The President has undoubtedly attributed evils to
the greenbacks which must reasonably be charged
to other causes" , :, Co..
will the Presidents views be adopted by Con-
There Is apparently considerable sentiment
in Congress favorable TO the retirement OF the
-rear ba a.