Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-02-18
GOLD RESERVE.
1t Marches Upward by Steady Steps
Until It Is Over Sl46,ooo,ooo.
THE ARBITRATION TREATY.
The President Told That 1t Is Unwise to
Attempt to Force Its Passage by This
Congress Law Violation
Naval Appropriation Bill.

WASHINGTON, Feb. 1.-THE first half
of February has continued to afford
favorable indications regarding the
treasury situation, which are shown
duriAg the first week of the month.
The gold reserve has marched upward
by steady steps until it stood yesterday
at S146, 31ISl9. The gold bullion has
been reduced by continual coinage to
$40, 474, AL, while the coin has increased
toSl34, 259 221, including that S37, 561 300
in outstanding gold certificates. The
increase in gold reserve since February
has been $l,37l ,292, and the redemp-
tions of legal tender notes in gold dur
ing the month have been only $3.50, 5S2.
The treasury has been compelled to
suspend the disbursement of United
States notes because of the small sup
ply scattered among the sub-treasuries
for special necessities. The amount in
the treasury and its branches yester-
day was SO, 097 ,755, while the amount
of Sherman notes which have been paid
out literally during the last few days
is S33, 304, 1913.
Arbitration Treaty Not to BE Forced.
WASHINGTON, Feb. 1.-THE president
was informed yesterday that the
friends of the arbitration treaty con-
slider it advisable not to attempt to
force its passage by this congress. He
was told that a vote now would prob
ably result in defeat but after March
4, owing to the changes to take place
in the senate, the treaty might be rati-
fed as in the opinion of its friends it
would be much stronger. Mr.. Cleve-
land expressed his disappointment.
Negotiation of this treaty, the presi-
dent explained, would not have been
undertaken by the administration but
for the action of the senate in adopting
resolution urging such a step. He
added that the treaty was very sim
Pile one, embracing the idea of arbitra-
ton, and he could not appreciate the
objections which were being raised
Technical Pension Law Violation.
WASHINGTON Feb. 17.-The law pro-
vides that pension vouchers must be
signed quarterly on the 5th of the
month. Thomas j. Stafford, pen
sioner at Leando, Ia, went before W. II.
Morrison, an attorney and notary of
the same place, signed and swore to
his voucher ON the LIST of the month,
1t went through the Des Moines pen
sion office, but when it arrived at
Washington the violation was noted,
and on orders from here n deputy
United States marshal arrested the two
men and brought them before the fed
eral commissioner at Ottumwa, la.
They were bound over to the federal
grand jury at Keolluk and released on
bonds. The maximum penalty is $500
fine and three years imprisonment.
Naval Appropriation Bill.
WAsHINGToN, Feb. 17.-The naval APP
preparation bill was practically com
pleted yesterday by the subcommittee
of the committee on naval affairs,
which has been working on it for sew
eral weeks The customary appropria-
tions for the support of the navy do
not differ materially in amounts from
those for the current year. Two of the
most important items, the armor plate
and the new navy were not finally de-
termined, but were left open for the
Judgment of the full committee to-day.
The subcommittee will recommend
the building of one new battleship, al
though the navy department desired
three.