The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-05-03

tween the two views, II is best to let the
August election decide.
The prospective retirement Of Senator
Clark from further participation in sena-
torial proceedings for the present calls to
attention the big party fight which the
action of the Senate will precipitate in Mon
tana.- The State is Democratic normally,
but the Clark affair brings into the con-
test many elements of uncertainty. The
Legislature to be elected this year will
not only have to fill the Clark vacancy
but elect a successor to Senator Carter as
well. If Senator Clark is determined to
seek vindication, and he says he is, Marcus
DAILY will be sure to get into the fight again
and split party is not only probable. but
inevitable, and this will mean, according
to Montana people here, Republican leg
islative victory and two Republican sena-
tors from Montana. If it happens to
eventuate this way, the other senator will
be Lee Mantle. VINO formerly represented
the State in the Senate. Montana Republic
ans admit, however, that the senatorial
problem will not embarrass the Democratic
electoral ticket. Nearly all of the Montana
Republicans are ardent free silver men and
they will vote for Bryan as against Nc
Kinley.
The business interests of the country are
bringing great pressure to bear on con-
gressmen for the repeal of the war taxes.
but it is not likely that the question will
be taken up before next session. 1t is true
the government is collecting millions more
than is needed for the legitimate expenses
| of the government and there is probably no
sound reason why the taxes should not be
repealed. Ordinarily it would be good
politics to cut OFF unnecessary taxation.
But the administration is desirous of get
ting big surplus in the treasury and if
the war taxes are let alone for six months
| longer this result will be attained The
| fear expressed by the business men that
unless the taxes are repealed business will
| be hampered by The impounding of an
| enormous sum of currency in the treasury,
| is really not well founded. In the first
place, the secretary of the treasury has
| authority to distribute government funds
| in various government repositories that
| the currency Is available for commercial
purposes. The most important considera-
| ton, however, is the fact that before this
Congress goes out some enormous appro-
priation bills are to be passed and
number of great projects will be launched.
| Consul General Geunther. at Frankfort,
has furnished to the State Department
some facts with reference to the enormous
profits made by Krupp in his contracts
| for guns and ammunition with the Ger
man government. The consul Is informed
| that some time ago Krupp furnished to
| the government field guns at S,lA. His
| competitors afterwards received orders for
| the same kind for s464 each. Krupp there
| upon reduced his price to s452. Shrapnels,
| for which Krupp received 81 each, his COM
petitors can furnish for little over 81.
| The statement that Krupp alone can fur
nish nickel armor plates for the German
navy is said to be untrue, as the process
| OF manufacture is well known.
| The monthly circulation statement of the
| controller of the currency shows total cir
culation of national bank notes at the
close of business April 30. 1900. to have been
$2S5 27S, S26, an increase for the year of s42,-
5ss. .9e5, and an increase for the month of
s14, ,s25. .25S The circulation, based on United
| increase for the year of s3S.1OO.S75 and an
| increase for the month of $12, 9S2. The
circulation secured by lawful money
amounted to $780, 1884, an increase for the
year of S446311S, and an increase for the
| month of s1,5i2,325. The amount of United
| States registered bonds on deposit to
cure circulating notes was s26S, ,4O5, ,240, and
| to secure public deposits, s93,626,0SO.
Among these two amounts were nearly
| s241, 100000 in the new 2 per cent. consols.
The reported engagement of gold at New
York for export is not disturbing treasury
| officials. Secretary Gaze said to-day that
| gold exports at this season of the year
were quite usual He had no definite idea
| of the amount that might be shipped at
| this time, but was confident that the total
would not approach the sum the treasury
could spare without the least difficulty.
| At present the free gold i'm the treasury
| vaults amounts to about $50, ,500.0 600. This
could all be taken before the 900
reserve fund would be disturbed. The sec
| retary had no thought that the shipment
| would reach that amount or even approxi-
| mate it. The shipment of gold at this time,
] he said was easily explained. Money was
| being loaned in New York as low as 2lk to
per cent, while in London it was worth
| 4 per cent
| Senator Teller, of Colorado, to-day intro
| duced the following resolution:
Whereas, from the hour Of achieving
our independence as a people, the people
of the United States have regarded with
| sympathy the struggles of other people to
| free themselves from European domna-
| ton; therefore,
| Resolved. That we watch with abiding
| interest the war between Great Britain
| and the South African Republics and with
| full determination to maintain a proper
| neutrality between the contending forces,
we cannot withhold sympathy from
| the struggling people of the republics, and
| it is our earnest desire that the govern
ment of the United States, by its friendly
| offices offered to both governments, may
assist in bringing the war to a speedy con-
| cusion in a manner honorable both TO
| Great Britain and the South African re-
| publics.''
| Chief Wilkie. has received a dangerous
| counterfeit twenty dollar note. 1t is of the
| series OF 1880, check letter A, plate No. Z,
| Tillman register; Morgan treasurer, a trife
| shorter than the genuine with defects in
| the portrait of Hamilton.