Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1904-08-23
S14.74.S59 Al

Slf. tIt,C,jJ T.
Deducting that amount from the
above would leave but $14,019, 109.9S
as available cash balance. And If the
amount of national bank notes which
are on hand for redemption is thrown
out as not available cash. of which
ST.. 493, 432 is included, there would be
a shortage of s.. 475,373.
The treasury has never paid out ma
tional bank notes, but unless Secretary
Shaw calls upon the banks for another
installment of the money loaned to
them, and upon which no interest is
paid, he may have TO resort to such an
expedient There is another matter
upon which constant misstatements
are made in the Republican newspa-
pers and by Republican speakers, and
that is the amount of gold in the treas
ury. There is reserve fund of $780,,
100000, there is also gold coin, 1922
65O. $50. but against that amount there
is the same amount of gold certificates
outstanding. There is only $24, 400, 532
of gold coin and bullion now in the
treasury in the general fund, and that
is not available, for it is included in the
SOS. 1863, 800 given above, which has
been shown as covered by other de-
mands upon the general fund.
The management of the treasury is
giving great concern to the Republican
leaders. and it is with the greatest diff
fculty that the Treasurer of the Unit
ed States can meet the demands that
are daily made upon his resources. Sec
retary Shaw has also made himself a
laughing stock by the statements he
has made in his late speeches on high
prices and the tariff, and the Demo
cratic managers are hoping that he
will be allowed to continue these and
like utterances The large deficiency
of the last fiscal year of over $4,000
600 will probably be increased this
year. for already up to July % the ex-
cess Of expenditures over receipts is
S20.920. S2993.
That is. the government Is running
behind at the rate OF over twenty mil
lions a month. and yet President
Roosevelt. in his speech of acceptance.
lauds and praises the Republicans as
the only party that can be trusted to
\ conduct the affairs of the government.
The "AIive or Dead" UItimatnm.
/ President Roosevelt. as commander
in chief of the navy ordered great
fleet Of our largest war vessels TO the
| Mediterranean this,summer. Why this
! fleet was sent into European waters is
predetermined unless it was to show
/ the effete East what the United States
can do If opportunity offers Perhaps
we have entsngling alliances. or agree
ments. with those countries that rem
ders il essential to make show of
force to be used in case of necessity
The exigency arose almost before the
fleet was in position 10 act. A Moor
bandit captured a citizen Of the United
States named Perdicaris and was hold
ing him in his mountain stronghold for
ransom. Per,ucaris was not born in the
1 United States. but. being a good .'Re-
1 publican. had been naturalized ~ the
Republican machine in New York
when there was extreme occasion for
! such votes to be counted. OF course a
fleet was necessary. and therefore on
hand. to back up the demands Of the
| state Department for his release
Cabinet council WAS held on the
Pericardis ease. The Secretary of the
+. Navy was ordered to cable the Al
nniral in command Of the fleet 10 an
Choir at Tangier. with steam UP and
guns d0ubIe-shotred. until further or
. derS. Another Cabinet council was
held. and the uitimatun. ~Perdicaris
| alive or~fRaisuli dead was hurled at
the Sultan of Morocco, The sultan
never comes to TaDgier; II is in too