Gilpin observer., 1902-08-07


in authorizing the lease of the arsenal
grounds. This was the site of the
projected naval station.
A letter has been received at the War
Department from the governor of Kan
sas, saying that the entire national
guard of that state will be mObilized
at Fort Riley, Kansas, the latter part
of September, for the purpose of par
ticipating in the proposed extensive
maneuvers of the regular army. So far
Kansas is the only state which has
accepted the formal invitation of the
War Department to participate, and
the indications are that the few states
yet to be heard from will decline, on
the ground of lack of funds.
Judge Outcalt of Cincinnati, form
er law partner of Senator Foraker,
will appear before the commissioner Of
internal revenue to argue point that
will have an important bearing in the
enforcement of the law relating to the
manufacture and sale of oleomarga-
rine. The commissioner has recently
ruled that oleOmargarine which had
been colored to ANY shade of yellow"
by the use of butter. comes under the
head of artifcially colored oleo, and
Is subject to a tax of 10 cents per
pound. This contention Judge Outcalt
will combat. He has already filed a
brief, in which he urges that as yellow
is the natural color of butter, when it
is used in oleo it is not within the
province Of the commissioner of inter-
nal revenue to hold that an artificial
cOloring matter has been used. Inves-
legations that have been made by the
officials of the Internal Revenue De-
partment show that Oleo can be given
a very good shade of yellow by the use
of about one pound of rich, yellow but
ter to ten pounds of oleo.
The monthly statement of the ma
tional debt, shows that at the close of
business July 81, 1902, the debt, less
cash in the treasury, amounted to
$973, ,91O,367, which is an increase, as
compared with July 1st. of 81, Asa, 1876
This increase is accounted for by the
reduction in the amount of cash on
hand. The debt is recapitulated as fol-
lows: Interest bearing debt. $931 .070,-
$40; debt on which interest has ceased
since maturity. $1.2T4. $40; debt bearing
no interest, 1896, ,537 ,S16. Total $1,327,-
1884, $685. This amount. however, does
not include $S41. .965, ,0S9, in certificates
and treasury notes outstanding, which
are offset by an equal amount Of cash
on hand held for their redemption.
The cash In the treasury is classified as
follows: Gold reserve fund. $1jO.OOO.-
600; trust fund, $S41 .965, ,OS9; general
fund, $266,514 500, including 1926, 1872
991 in national bank repositories. To-
tails, SLIPS, ,4SS. .59S against which
there are demand liabilities outstand-
ing amounting to 1924, ,5O4, 800. leaving
a cash balance ON hand Of $685., ,974, 500.
The State Department has received
the following cablegram from Minister
Squiers. dated Havana, August 4th:
"The House has passed bill author
izing n loan of $35. .OOO,OOO at a mini
mum rate Of issue of ninety per cent;
interest, five per cent, re-
deemable in forty years" Under the
Platt amendment the United States
is bound to take cogniZance of every
action of the Cuban government relat-
ing to loans. Article Of that amend
ment provides: THAT said govern
ment shall not assume or contract any
public debt to pay the interest upon
which, and to make reasonable sinking
fund provision for the ultimate dis
of the island of Cuba, after defraying
the current expenses of the govern
ment. shall not be adequate" 1t Is
believed such loan can be negotiat-
ed and taken care of without great
difficulty. 1t will be Cuba's only ma
tioDal debt. Business depression in the
towns and poverty in the country are
not decreasing. There have been 12S,
business failures in the last twelve
against twenty-three the year
before.
1t is said in Washington that the
treaty between Great
Britain and China. approved at con-
ference at the London foreign office,
is to serve as pattern for similar
treaties to be negotiated by the other
powers with China. The revision
which Great Britain proposed to China
in the trade treaty, 1t is said, extends
to nearly every point in which the
United States Is interested. from the
registration and protection of trade
marks. the creation of a national cur.
rency and the extension of the bonded
warehouse system to the reform of the
Shanghai mixed court and the aboli-
tion of all internal taxation, whether
native or Foreign or FOR import or ex-
port. If the provisions which will be
in the British treaty as 1t Is
finally concluded meet the views and
wishes OF this government. the United
States may accept under the most
favored nation" clause. But II the re-
suits obtained by Great Britain fall
short OF this governments expecta-
tions. then the United States may
push separate negotiations and con-
clude treaty OF Its own.
United States Ambassador Clayton.
at Mexico. has succeeded In securing
restitution on one of the largest en-
bezzlement eases before the Mexican
state department. Some time ago
James Brown Potter. representing
large American and English interests
in the Tinhaulllo Mining Company OF
Mexico, appealed to the State Depart
ment for Justice, claiming that by