St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-02-24
POSSIBLE TREASURY DEFICITS DO
NOT WORRY ASSISTANT SEC
RETARX. HAMLIN.
TIMES so SURE TO IMPROVE
THAT SIMPLE tD4y.sboHsM DUTIES
WOULD MAKE ALMOST A
MILLENNIUM.
NOT HERE AS A PULsE-FEELER Err.
MIR. CarIisIe,s .A-Assistant Denies
Flatly the Story of an Invent
i've, but Dull Paper.

| No nightmare of an impending deficit
| in the national revenues is disturbing
! the financial dreams of c. S. Hamlfn,
assistant secretary of the treasury.
| Said Mr.. Hamlin yesterday to a G o
reporter:
I'm not the least bit afraid of a
| deficit at the end of the fiscal year For
one thing, I don't believe there'll be any
deficit and if there is, it'll be too small
to worry about. At present, the treas
ury is running along about even. Moth
ing has occurred to justify the claims
or the Republicans that the tariff, as re-
V1sed by the Democrats, was going to
| reduce revenues So as to paralyzes the
! treasury and threaten the government
with bankruptcy. Of course, We might
have had a big surplus, if we had in
sisted on maintaining the former high
duties on many articles. But we've. re-
lieved- the people during, these hard
times, just when relief was most well
cone and, so far, at least, we've man
aged to pay our way with the revenue
from the revised tariff. 1t may be that
We'll have to confront small deficit
too insignificant to warrant the terrify-
ing predictions made by the Republican
| politicians only a few months ago.
In TACT, there isn't anything alarm
ing left in the situation at present-no
matter where you look. The bond is
sue has been such pronounced sue
cess that the disappearance of the gold
reserVe-that frightful contingency
! which was the last standby of the
pall1d prophets of political perdition, as
you newspaper folks might alliterate it
tine disappearance of the gold reserve
IS now deferred for peiod happily. in
definite. 1t is, Of course, impossible to
| say exactly how long the reserve will
remain In its present satisfactory con-
dltlon. Just now. / believe we have
something like $4,000, 900 more gold on
hand than the required 500 900, 900. Con-
nCence Is now so restored that the re-
serve Will probably not need replenish-
ing for long time. But we can never
be assured of it's permanent stability
until we can amend our currency laws,
ana stop even the possibility of the
tfeasury's being caught again in the
! uny1eld1ng links of the endless chain
The promptness of the people to come to
the rescue of the gold basis shows that
the silver mistake has deceived mostly
those loquaciouS citizens that always
seem to count for two. The country at
large remains true to it's position as the
most intelligent business nation in the
world. 1t is in favor of sound money
! OF the standard fixed by international
commerce-from whose decision there
is no appeal Business is sure to i'm
prove from this time forward Nobody
In the East denies that The symD-
toms are too evident in all Of our big
Eastern cities. If we could only ar
range the currency so as to protect the
20 IL,
tr1ve uniform system Of ad vaIorem
Enthusiastically the same rate of duty
on every Import taXed-I believe that
two of the most important government
problems would be permanently solved.
| The uniform ad valorem system would
be extraordinarily simple There could
be no disputing about the duty to be
paid. There would be little need of
| complicated machinery to gather in the
national revenues. There could be no
discussion between rival industries
about excessive or, inadequate rates of
duty. Of course there might be some
| difference as to what ought to be left
on the free list. That point, however
would be easier to settle than the
| others. ..'> ~s +'fe.'' III
No, I don't care to say anything at
all about candidates. I've heard Re-
publicans say that they knew several
| men who would make better presidents
than Washington or Lincoln-if the
country would only give them a
chance to turn themselves loose. And
| then the Democrats
| Yes, the Democrats?"
But, you know, what I want to say
just now is that you have here one of
the most attractive cities I have ever
| visited. 1 suppose that you know what
a unique spot your Summit avenue is
and it isn't necessary for a casual
stranger to enlighten you. I've en-
joyed my visit extremely. The wealth
er has been marvellous. According to
the map I looked at in Washington,
ST. Paul was several miles from New
Orleans. But either the map was mis-
taken, or the ice king has just made
some concessions in honor of George
| Washington"
"By the way, Mr.. Hamlin, your OBJ
ject in coming out here was to deliver
that address before the Democratic as
ISOLATION, was it not?"
Yes, came here for that purpose
and for nothing else / naturally con-
sidered it an honor to be invited to ad-
dress that body, and I would have
gone further to secure the privilege
The rumors that have been printed
about my having another mission in
! Minnesota are amusing to read, but
there is no truth in Them
Mr.. Hamlin left at $40 p. M yester-
day over the Milwaukee road on his
return to Washington.
Mr. Hamlin was entertained at lunch
yesterday by Jared How at the latter's
residence on Selby avenue. There were
present, also, Messrs. w. H Patter-
son, c. D. O'Brien, T. D. O'Brien.
George L. Bum, F. w. M. Cutcheon,
Joseph A. Wheelock, w. C. Reed and
George G. Squires.
Mr.. Hamlin dined with John e.
Stryker, on Iglehart street, where the
secretary met Messrs. J. j. Parker,
Stanford Newell, T. B. Scott and
| Samuel Hill. "