The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1898-01-28
Senator Daniels Peroratlon Held His AS
s0Ciates SpeeIIhOund.
MANIPULATING TREASURY FINANCES
German Charges tho Administration
With Forcing II Ficticions Balance
-Sub>CoInmi,tce on Hisc-Younr
Contest viii Hold n Meeting Next
Week.
Especial Cor. of The virginian)

Washington, Jan. q, 1885.
Senator Daniels speech in the Senate
to-day on the silver resolution was bv
far the ablcst delivered durin; the
debate. He addressed himself with
logical force to the equity OF the qles-
ton. and showed conclusivcly THAI
equity was with the silver side, and the
option OF paying gold or silver for bonds
remained with the Governments His
peroration was superb piece of eo-
quence, and held the Senators and the
large audience entranced.
congressman Lamb Introduced n bill
appropriating Sl,00OO00 TO pay deposit
tors for losses incurred by the failure
of the Frccdman's Savings and Trust
Company.
rrhe subcommittee considering the
wise Dung contest will meet next
week DR.. Wise is here.
EX-Congreasman Ewarts nomination
for Judge of the Western District al
North Carolina is another victory for
Senator Pritchard
In all the financial discussion that
mas taken place Ulis week in both
branches of Congress no Senator or
congressman has driven the truth home
SO lorclbly as Senator German who de-
cared that Ithc administration was
forcing Fictitious balance on The
DOCKS of the treasury. This bold decIar
anon coming from a Democratic leader
not gwen to unsupported assertions,
mas attracted universal attention ANA
caused many inquiries of the ,trcas,,rv
AS pointed out by The Virg:nian Il m
EDITORIAL last December. the Dinrlcv
act instead of being "a revenue prodi,car
WIS IN TACT deficit producer. Senator
rornrtn fully slrbs..arrinted this as
Scflion. Secretary Gage, by maniDulot
ing the Treasury finances by means of
inc Union Pacific Railroad payments.
niS so confused the Treasury daily
statements thai, like a CIPHER dispatch,
it c"hhot De read without constant ref
ercnce to the railroad transaction.
for instance Secretary Gage makes
no ueiicit so far this month. the roceiD,s
ana expenditures each being about
eGuni; that is. $@2,00o,oOO. A. matter
OF fact. receipts from the Din-lev Act
nave not. for this month. eQualed the
expenditures by $S,50OOoO. For the rs
ca year to datc. or since July ! 1897,
secretary Gage figures a surplus Of SiOO
ooo, when, as matter Of fact. the Ding
ley Act has produced a deficit of SIT
100000. The same ratio Of deficit, if con-
tinucd until June 30, will cause n deiici,
for the entire fiscal yea. of nearly $50
000.O 900.
These alarming figures are attracting
attention. The financial discussion has
emphasized them, and if no other good
comes Of she debate but this, it will not
have been in vain
1t has also brought out the fact not
generally known that Secretary Gage
Is swelling his receipts by means of the
silver scigno?agc, which is being turned
into the Treasury at the rate of 5000, 900
4 month This is covered in through
the miscellaneous fund. and is not ap-
parent on its face. The Dingley Ac. is
credited with it. and has as much to do
with ii as the wink of fly on the dome
of St. Peters at Rome, with the vihra-
ton Of the air about the North Pole
Congressman Epes has introduced a
bill 70 pay the following citizens. or
their heirs, of Prince George county,
for property destroyed during the war:
w. II. Harrison. Observation-Disclosures. $l.l5n
George Beichett. ........... 1900
r. NJ Harrison. observation-disclosures. 45o