OCR Text |
Show Government receipts continue to fall below tho expectations of thcTrcasuiy ofllclals, and it Is now considered that the actual deficit nt tho close of the present pres-ent fiscal ymr will grcntlly exceed the estimate of Secretary CcrcIIilo made several months ago, which It will bo ruincinbcied was t28,000,(XH). That Congress Con-gress will hayu to do something very soon to provide tlio money to meet tho excuses of tho government Is nppnr- i ent. but neatlicr Senators nor Heprcscntn lives seem to have n very clear Idea ol what thnt something shnll be. Scnntor Voorhees, who as chairman of tho Senate committee on Finance will have much to do with deciding, thinks that tho pro per thing is to give the Secretary ol Treasury authority toMssuo short" tune low Intt-resi bonds' whenever thomop-cy lsnecdcd.'Mr.'lVoorIiees says tills would not be conferinj; miy rif w jreF"on "tlTe Secretary (if tlio Treasury ; It would bo merely changing tlio act for tho resumption resum-ption of specie payments which gives ..ini nuthoiity to ishuo long term bonds nt u into of intrctt tliat would now bo cfnsideied tery hign. |