Democratic Sentinel, Volume 10, Number 29, Rensselaer, Jasper County, 20 August 1886 — The President on the Surplus Resolution. [ARTICLE]

The President on the Surplus Resolution.

The President is reported by a Washington correspondent to havo said to a friend, who called on him, that his reason for not signing the surplus resolution was that, according to the Senate amendment, it placed

too much authority and power in the hands of the Secretary of the Treasury, and the amount named to what extent the surplus could be reduced was enacting a law tbat, in his opinion, would be much worse than the present law. He takes the ground that as there is no' law upon the statute book permitting the reduction of the Burplus, the resolution would be unwise in instructing the Secretary of the Treasury to keep a surplus so large as $130,000,000. When asked why he didn’t instruct the Secretary of the Treasury to pay out the surplus with more rapidity and comply with the declarations of the party in its last National Convention, the President replied that Mr. Manning, the Secretary of the Treasury, was administering the duties of that office, and he alone was responsible for what was done.