The Plymouth Republican. (Plymouth, Ind.) 1878-1901, 1901-10-03
EROUS
CONDITIONS
Secretary Gage Talks of Salts
factory Contrast
Five Years Ago There woS a Treas
uru Deficit; Now the Government is
Able TO Buy its Own Bonds, Thus
Reducing Debt and Interest ChorgeS-
RoOSeveIt'S Energy Commended.

CHICAGO, Ills, Sept. 28-"The
finances of the country were
never IN more satisfactory con-
dition than now. The country
is prosperous, money is plentiful,
industries are active, and there
is surplus in the treasury. The
country at large, as we'll as finan-
cial, commercial, and industrial
circles, has the fullest confidence
in President Roosevelt"
Lyman ]. Gage, secretary of
the treasury, thus summed up
the prevailing conditions in the
United States yesterday, as he
sat on the porch of his sons
house in Evanston. Mr.. Gage
arrived in Chicago yesterday
morning from Washington and
went from the train to the First
National bank, where he was &C.
corded hearty welcome by the
clerks and chiefs of departments
who had been associated with
the bank when he was at its head.
The secretary is in excellent
health. He said he was taking
his customary vacation to recup-
crate from the fatigues of official
duty.
Il expect to be gone about ten
days." said Secretary Gage, land
if [ have the time to spare | may
attend the bankers convention
at Milwaukee, Oct. Is. tbs not
certain, and is entirely provision
al on the necessity for my pres
ence il Washington.
"There is little to say on finan-
cial affairs. In a general way it
may be said that the conditions
are better than for a number of
years. The contrast with five
years ago is marked. Then there
was deficit in tie treasury; now
there is a surplus. The govern
ment has money lying idle, and
is, therefore, buying up its own
bonds on the open market to
save interest.
Recently we have purchased
So, 900, 900 worth of bonds. Then
the treasury has distributed
about s., 900, 900 among the banks
of the country in exchange for
their notes, bringing the required
deposits on circulation up to par.
There was about 95 per cent of
authorized issue in circulation.
This shows a healthy demand
for money throughout the coun-
try.
Il see no reason why this state
of affairs should not continue.
All kinds of industries are active,
and new enterprises are being
started. Affairs could hardly be
in a more satisfactory state after
the great calamity which came
so recently upon the nation.
president Roosevelt is taking
hold of the details of his Office IN
an energetic way, and is rapidly
mastering the details in every
department of the government.
[ have no doubt that the country
will continue prosperous under
him. The cabinet Will remain as
it is-for the present at least
The members were requested to
continue in Office, and, so far as
| know, will do so. For myself,
l can say that l shall be glad to
do all in my power to aid Presi-
dent Roosevelt.
when | left Washington af-
fairs had about resumed their
normal routine. The capital is
recovering from the shock of
President McKinley's death, and
the departments may be said to
be settling down to their ordin-
airy work. The same may be
said of the whole country. 1t is
a remarkable thing, and shows
the stability of our institutions,
that the sudden and cruel taking
off of our president affected the
financial world so little"
More Wage-Raising.
fall, RIVER Mass Sent. 96