Hutchinson gazette., 1897-07-29
CAGES TASK.
The Secretary of the Treasury to Make
a Study of the Currency
TREASURY MEN BUoYANT.
No Soldiers to BE Sent to Alaska Yet Awhile
-Copies of the Tariff Act--PreSIdent
Mckinley Leaves Washington
for Lake ChamplaIn.

for Lake ChamplaIn.
WASHINGTON, July 2S. = Secretary
Gage is to undertake a comprehensive
study of the currency, with a view of
being ready with recommendations for
reforms in the monetary system when
congress reassembles in December. He
will make the examination on the same
broad basis as was contemplated in
the scheme for currency commission.
The secretary realizes that the pros
poets of favorable action by congress
on the proposition for commission
are very poor, and the necessity for re-
forms so impresses him that he has
resolved to undertake the inquiry
himself. He has the hearty en-
couragement of the president, and
will endeavor to enlist the assistance of
all the leading fnanciers of the coun-
try. He hopes to be prepared to make
an exhaustive report to congress in
December. He has already begun to
gather the information for his great
work. He will devote his time almost
entirely to it, leaving the routine of
the secretary's Office TO his assistants,
in whom he has complete confidence.
Before the programme for the Decem-
ber session is fully formulated, how
ever, leading republicans of the sem
ate and the house will be freely con-
suited by the president and Secretary
, Gage.
Treasury Officials BuOYant.
WASHINGTON, July 2S-The feeling
in the treasury department is buoyant.
Assistant Secretary Spaulding said to-
day: From a cursory examination of
the tariff act am of the opinion that
it will certainly result in an increase
of revenue in the end. Inasmuch as
the importers have anticipated its pas
sage by heavy importations for several
months past, look for a slight falling
off in revenue for the first few months,
/ but in the near future look for a very
marked increase in revenue, and for
! a gradual but certain improvement in
business. Briefly stated, | anticipate
an increase of revenue and a business
revival" Assistant Secretary Howell,
who is the expert on all customs reve-
nue. questions, said: II consider the
new tariff bill most excellent one.
! 1t is particularly free from antiquities,
which, despite the most careful efforts,
are liable to creep into such measures.
In my opinion, the new law will pro-
% A1.,
present fiscal year, and look for at
least 1920, 100000 during the fiscal year
1880"
No Soldiers for Alaska.
WASHINGTON, July 2S. Col. Randall,
of the Eighth infantry, at Cheyenne,
Wyo., was sent telegram this morn
ing stating that the expedition to
Alaska had been temporarily aban-
doned. 1t has been discovered that
many supplies necessary for such an
undertaking as the one proposed are
not on hand and much time and ex-
pense would be neccssitated to send
the soldiers to a country where the
preservation of life depends on perfect
equipment The part of Alaska mapped
out to be visited is said TO be rapidly
freezing up and after serious consider
alton of all these facts the trip has
been pronounced injudieious at this
time and postponed probably until
spring.
Copies OF the Tariff act.
WASHINGTON, July 2S.-The first
copies of the tariff act in law form for
circulation has been received at the
document rooms of the senate and
house. The law makes pamphlet of
10 pages. The members Of the house
will have 5000, the senators 10000
and the senate committe on finance
l5,OOD copies for distribution, making
$4,000 in all to be circulated by con-
gress.
President OF for Hts Vacation.
WAsHfSGToY, July 2S President Nc
Kinley left Washington to-Gay for
vacation that may keep him away from
the city for six weeks. lie was accom-
panied by Mrs. Mckinley, Secretary
and Mrs. Alger, Mr.. Porter, Assistant
Private Secretary Pruden and Execu-
tive Clerk Cortelyou. Mrs Porter,
with her children, will join The party
at Jersey City. They go from here di-
rect to Lake Champlain.
THOMPSON LEAVES MEXICO.