Rensselaer Republican, Volume 27, Number 46, Rensselaer, Jasper County, 18 July 1895 — WASHINGTON. [ARTICLE]

WASHINGTON.

Ainsworth R. Spofford, for over thirty years librarian of Congress, has not rendered satisfactory accounts to the Treasury Department for the last two quarters of the fiscal year just ended, and as a consequence his accounts are being investigated.

Ileceut discussion ’n the press of the gold reserve in the treasury and the action past and probable of the MorganRothsehild bond syndicate recalled to a Washington man familiar with most of the inside history of the Cleveland administratiort'the fact that Czar Alexander 111. of Russia once offered to loan the United States all the gold necessary to maintain the reserve at any figure desired. The friendly tender was declined by the President, because, after sever il weeks of consideration and deliberation, and telegraphic correspondence back and forth between Washington and St. Petersburg, it was decided that the President had not the authority to issue bonds or otherwise incur indebtedness oil behalf of the government. Since then the power of < the President and the Secretary of the Treasury to issue bonds has been determined, and if the offer were repeated by the present Russian ruler { t might be accented.. The story of the'proposition made by the Czar and the way it was received by the President and his advisers was one of the best-kept secrets of the /White ■ House. Although the incident occurred some two years ago rio hint of it reached the public until now.