Rensselaer Republican, Volume 28, Number 14, Rensselaer, Jasper County, 5 December 1895 — THE REAL DIFFICULTY. [ARTICLE]

THE REAL DIFFICULTY.

_ : ' “ : fT - 1 k . It Is witU_ theKevenae instead of the Currency. Treasury qffi cjals vvou Id-have it undeF--st(K)(J that unless congivss-t-rrta’S“rrcrioTf “tor the relief of the treasn ry t fie re must be another”bond issue during the win- 1 ter. The apparently frank statement or j tins expectation, coming on the eve of the meeting of congress, is a little suspicious. A little study of the situation indicates that it is not made as a contession That flic revenues are Triadequate but in support of the Carlyle plan for abolishing the greenbacks. The Washington correspondent of the New York Times gives further evidence in support of this conclusion when he at-. teinpts to show that the dccl i r lp in i -■- ’ld reserveTs-rndcpendent ofn 11 ordi nary financial operations, the increasing ri'easur\"receipts having practically no effect upon tile reserve! The evident purpose of the treasury officials is to make it appear that nothing buj, the re—luvnielTT of the greenback's will put the —treasury gold in" a satisfactory condition. ' 1. ft is not probable that congress will “Take this view of the situation. The - firs-tWactivhich will be noted is that for —fi J 'S<*ries of months the government receipksj have fallen far beloiv the-ex-penditures and that the democratic i lariff lias proved itself inadequate to the needs of the government.. Naturally the first idea of congress will be to set thirf matter right. That will be the wise course. Oned that is adjusted there will he time enough to take up the subject of the greenbacks. It is believed that, with a tariff yielding ample revenue and not discriminating against American products, tliegold reserve will ! case to cause trouble, ffo long as our imports of foreign goods increase and our exports ot various prod nets decrease there will be an adverse balance which miwrtrbe settled in cash.-and so gold will be exported. .. The exports and imports of gold during the first ten months of the year appear in the following table: Alepth. Experts. Imports Jar vary J26JW2S fi. 231.339 [Vel’fuary YTkk.. l.nrin.liM 6,632,197 March ’...... 3,120.09} 7,240,38} A pi.fi 2,893,010 4,923,371 :>lsv 1,58.7,071 4,870,204 Hi)x .T 8.807,518 671,1171' August 10, 007,21)1 1,531,080 Ai-ptcrhtupjj, 17,12’.907 749,450 Oetohei— , 1.873.897 1.787.770 this shows a pot export .for'the year ’fipAH 1,t:i6,4f)4. DiiVing the same _peio'd notes have been redeenied us fol- • I\' a. - United- Ptntes ShermariMonth., notes. notes. Total. Heavy ?}?. 417.253 $1.7-d. A 7 f}5,1W.733 ; ’"ary .... 4,781.: a 7 77- : .i : 45 5,70 ( ‘.972 AJarf’-h 808,495 279.799 1,089,085 p:i] 73: 2.7 284.. a) 1,017.77’ v 79A-M 431,725 1,100,47? 1 ■ : 790.302 4 .e, t. 239,287 Lust”!!!!!! jr.’rKvro sm'.'7o2 K,'r>s»!;.i7 ■ ifiemltor ... 17.• I}»,?}4 2.77,070 17.377.18-1 •vtoh.T 1,849.018 ‘ 817.805' 2,16G,553 ITIIS is not a total wjiich under or:nary circumstances would "cause . on Me. and therefore congress is not eeiy tu be frightened into hasty action 1 g'arding djie greenbacks. lleforiU of lie currency demands deliberation, nee there must be something devised o take tin* place Of the legal tenders ■fore .they can be retired without sturyanee.. Secretary Carlisle may ■ck to stampede congress, but he will ot succeed. The deficit in receipts is he leal diffici’ifty. The revenue must c readjusted first df all. —-Troy Times.