The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-01-03
List Of Depository Banks Made Public
by Ellis III. Roberts, Treasurer Of
the United states.
MONTHLY DEBT STATEMENT
RECEIPTS, EXPENDITURES AND CIR
CULATION DURING DECEMBER.
President Mckinley Anxious that
Congress Provide Rewards for Ma
val Omcers-Army Reorganization.
ecial to the Indlanapolls JournaI.

Special to the Indianapolis Journal.
WASHINGTON, Jan. 2. - Indications
point TO a surplus of s60.0o0o00 at the end
of the fiscal year, June 30. instead OF sio.-
100000. as conservativeiy estimated by the
secretary of the treasury few weexS as<
and this. too. in spite OF the fact that the
war in the Philippines threatens TO cost
SIS. 200 more than was estimated last
spring. The secretary OF war asks for that
much more money additional to the sum
appropriated at the finaf session OF the
Fifty-fifth Congress for the maintenance
of the military establishment for the cur
rent fiscal year. Treasury officials think
Secretary Root makes an outside estimate
of the amount needed. but IL there Is to
be mistake IL will be on the safe side.
Allowing for maximum of expenses and
minimum OF revenues the surplus is figured
at s4o.0Oo,OOo at the end of the year. as
above stated. whereas, the actual surplus
will be a very much bigger total Such
being the prospect. influences are at work
to shape legislation for scaling down OF
revenues, with the least disturbance to
business interests. whenever it shall bel
necessary to move for reduction OF taxes.
The Republican majority in Congress will
not be hasty, however, and will defer al
revision OF the revenue laws until next
session, unless it should seem imperative
to do something to stop the inflow
money into the treasury. So long as
rebellion in the Philippine continues just
SO long will the Republican Congress hesi-
tate to cut down revenues or do anythinE(
which might embarrass the administrator
by tightening the contents OF the
chest. 1t will always be in the pow
the treasury to release government u
by bond purchases or by increasing de-
posits in national banks. With this safe
guard ever ready to prevent undue accumu-
lation of cash in the treasury no serious
harm can result from letting the revenue
laws remain undisturbed until quiet shall
be restored I'm the Philippines. This will
not prevent great interests scoring for
points so as to be in best position 10 pro-
tect themselves when the inevitable hn1k
for a readjustment of the scheme of taxa
tion arrives. The Democrats are already
planning in big broad way to force q
reduction in customs duties. and manufac-
turing interests are lining up to induce
Congress to make the cut in internal
revenues. Nothing may be actually do1
this session of Congress. but there will
endless discussion on the question and
lines will become clearly defined before
the summer recess. This is the big ques-
ton that will keep pushing to the fore
ground throughout the whole Of the pres
ent session and the next.
The friends of Colonel Bright have about
given up hope of holding him in his pres
ont position of Senate sergeant-at-arms
and are bending their energies TO securing
his appointment as superintendent OF the
capitol. The proposed new berth will pay
as well as the one he now holds, and will
be infinitely more of sinecure. Republi-
can workers who are clamoring for his re-
moval on political grounds are amazed
at the colonel's nerve. They fail TO see
why Republican Senate and Republican
House should join hands to make easy
place for a man about to be bounced from
the Senate payrolls because he is q Demo-
crat They think there are enough Repub-
licans 10 fill jobs OF that sort.
No attempt will be made TO secure the
reinstatement of Captain Frank p. Gross.
the treasury clerk who was dropped from
the rolls a few days ago. The captain
came originally from Fort Wayne. Ind.
He served az a volunteer through the
civil war. afterwards went into the regular
army and years ago was retired for dis
abilities with the rank Of first lieutenant.
He then became a clerk IN the Treasury
Department and for long time has been
drawing salary as such, besides mis- pay
as a retired army officer and a good PEN
sion for injuries received in the war.