Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1904-02-02
From Washington.
Correspondence of the Alexandria Gazette
Washington, Feb. 2.

Washington, Feb. 2.
The Treasury Department will be
called upon within a few weeks to pay
ont the greatest amount of money that
tine government was ever, in times OF
peace. compelled to disburse for a single
project. 1t is expected that the Panama
canal treaty will be ratified by the Senate
about the goth or 25th Of the present
month. The payments for the canal
will then become due. Those payments
aggregate $50, 900, 600, of which S4O,-
900, 900 goes to the new Panama Canal
Company of France and so, 600, 600 to
the republic of Panama. This amount
must be drawn directly from the
treasury. There is besides an appro-
p%riation of $40, 900, 900 to begin the
actual construction Of the canal, ana
this amount must be set aside subject
to future warrants and drafts. In
the present condition of the treasury
with a constantly decreasing surplus and
expenditures running higher than the
receipts. Secretary Shaw has determined
to call upon the National banks OF the
country. that are now holding govern
ment money on deposit, to supply nearly
all of the funds needed to meet the canal
PAYMENTS. In round figures, there is
now on deposit in National Banks, $780,
600. 900 of government money. Secre-
tary Shaw proposes to make a pro rata
cali or them to turn back into the
treasury, S45, 900, 900 OF this amount.
# is understood that the first call
will be made about February 18th and
will be for twenty per cent. of the gov
eminent deposits in I'll banks Tins
will bring in about $50, 600, 900, This
if is said. will be followed about two
weeks later, by another call, for ten per
cent. which will bring in about Sl5,-
900. 600. additional. The drafts upon
the banks will, it is expected, result in
a tightening of the money markets OF
the country, and this effect will naturally
be felt first in New York where the
largest deposits Of the government
money are now held.
The House committee on rules held a
session today at which political differences
arose. A resolution was under consider
ration extending the powers and privileges
Of the Porto Rican commissioner to Con-
gress who now has practically no rights
beyond desk room on the floor. The
democrats want to give him full equality
with delegates from the territories, but
the republicans declined to go that far,
although the House committee on insular
affairs has favorably reported a bill with
hat end in view. By a party vote, the
republicans agreed to report a resolution
owing the commissioner besides floor
,rivileges, committee assignments, a. d
the right of speech. The democrats will
-ndeavor to amend this resolution on
he floor, and, should they fail ofsuccess,
will support the resolution as a step in
the right direction.
The Standard Oil Company and Rus
STA have come to an agreement and will
divide up the worlds petroleum trade be-
tween them. This information is con-
lained in a report received by the De-
partment of Commerce and Labor from
United States Consul Monaghan at
Chemnitz, Germany. The Germans, he
says, are making frantic efforts to teal
themselves from the tolls 0 fthe American
octopus, but the Bear will refuse to give
the aid he might. Russia" writes
Consul Monaghan, "tinds it to her al
vantage to work in harmony with the
American firm, as the two can easily
control the worlds market, and through
fidelity to their agreement, fill the Golfers
of both. Russia therefore cannot be APP
pealed to in the struggle Of Germany to
escape from the grasp of the Standard
Oil Company" Last year Russia sup
Piled 81 per cent of the worlds oil supply
and the United States fl percent.
The Senate committee on %appropria-
tons today decided to report the urgent
deficiency bill including the authorization
to the St Louis exposition authorities to
borrow 81, GOO, 600 from the government
to be repaid from the gate receipts.
Senator Hanna has suffered a slight
relapse in consequence of his attendance
at the GridirOn Club dinner Saturday
night and his receiving too many callers
on Sunday. He felt quite depressed yes
lerday, but is reported to be better this
morning.
A warrant was issued from Police
Court last night for the arrest of Repre-
MNLI
sentative Sidney Mudd, of the Fifth
Maryland district, on the charge of as
saulting Geo. w. Floyd, an elevator
boy in the Busch building. Floyd al
leges that on his refusal to leave tae
elevator to 90 on ar errand for Mr.
Mudd. the latter struck him in the
face and kicked him. Mr.. Mudd was
notified to appear in court today,
actual service of the warrant being held
up. Mr.. Mudd notified the prosecuting
attorney that be was unable to appear
in court this morning on account OF Ill
ness. and the hearing was postponed
until tomorrow.
President Gompers of the American
Federation of Labor today addressed the
House committee on labor, speaking in
favor of the Sibley bill, which prohibits
-, 80, r,aJa Goods in the de-