Show FROM washington I 1 reports on the present I 1 treasury condition IT IS IN VERY BAD SHAPE but ut the minority report claims that fosters posters Esti estimates mats aro ara misconstrued by th tho majority washington WASHING TOx U D 0 march 7 7 4 ex secre tary charles foster said this evening that the treasury was down to bed rock when he turned it over to the lie new w secreta secretary ry today carlisle finds himself confronted wit with I 1 the great responsibility to maintain tho the gold basis and a man juan of less ability might find the task a very difficult one probably aUlY before he lie has been two days in ili he tile office he lie will find it necessary to choose between issuing bonds and trenel trenching ling i upon the gold reserve the secretary ex se stetary sai said d that the gold reserve was less tha in free gold lie ile did lid not regard the situation as alarming however as all the excitement about the gold shipments appeared to havo have subsided it wa he said in it better condition than lie ex peeled to find it at this time and it did lid not look as alarming as it did a week or more ago when asked if he lie did not think bonds would have to bo be issued he replied carlisle in might ight instead of doing that use some soule reserve iio ile said raid carlisle undoubtedly had a right to use a part ota of therold e gold reserve if he 1 e ile needed eded it to tolo do so besides ides the tile gold reserve boster said lie would turn over to the new secretary about consisting of national bank reserve and subsidiary coins and disbursing officers balances against this are all ail outstanding drafts covering most of it but not liable to be presented for payi payment nent at once i I 1 C congress on ress lie hebald bald should have inar increased caged t the lo 10 whisky v g bisky tax 50 cents and given lisa usa change to re I 1 our stock of money I 1 fact 11 act is he added added the tile demand is perfectly perfectly regular it is noi not speculative it is s a natural demand of foreign countries needing gold the tile only thing artificial or speculative in ili the situation was the he effort made to keep tho tile gold old here that of course was to keep mar market et steady and not to meet the business bubl noss demands however there was nearly gold in ili this country the public mind wind is comparatively easy ind und I 1 have no doubt carlisle will be a able ble to put hini himself in a position to meet all dern demands ands for gold after being in to the today secretary lamont went to the war where he lie had a it private conference will with asi art oua ous bureaus bureau where where then presented to tile new secretary while lie wits so I 1 a large crowd including so several eral f ladies a ji ies assembled in the aulce at id were u subsequently uh presented T tho 0 majority and minority reports of ill alie a committee on oil ways and means on the investigation of the condition of tile treasury have been completed and bent sent to the tile printer springer who prepared he file majority report say says i assuming statements matle made by secretary foster to be correct on oil the of june julie next there will be an ail estimated cash balance of 20 over and above tho the I 1 legal gold o I 1 d reserve this estinia estimated ted balance croba probably 0 I 1 ly is too large as the available i balance will Js I 1 be reduced by payment of the claim which arc are also by any and nd extraordinary I 1 expenditures tures and bv by any failure of esti bitted receipts during the time indicated majority of he lie opinion is that at the close 1 of this present fiscal year there will be an ail available cash balance in ili the treasury 1 aside from tile gold reserve not over la 17 As to 1893 springer ays says that the secretary estimated the available ca cah cali li balance to be but a note at the tile bottom of tile treasurers stater statement t shows 0 nr this balance chargeable with hii contract C t liabilities already appropriated for nn till amount equal to it is impossible that all alollis this amount will be called lor duri during ng that fiscal year but this amount by tile department under tinder the most careful estimates thai that can n now le be made it is apparent save says the ills report that at the end for the ensuing fiscal year ear there will be te a deficiency elency amounting fa to from to in these calculations no account whatever Is taken for the requirements of tho the sinking fund the minority report drafted by re representative senta tive payne of new york signs signed by all republican members of tile committee bayst bays that at the conclusions of tile majority I 1 bority from the he evidence presented is wh wholly 0 lly unwarranted and misleading in fact there seems to be an utter lack of evidence to justify any of the tile criticisms of the majority upon abir t the ze statement of the secretary which showed a surplus in ill the tile treasury on oil the tile anih of june julie sin statements ci of the secretary supplemented by eNi evidence dence of treasury expert experts evidently of the most conservative character estimated the receipts placed at the nihil minimum murn while the estimated expenditures are placed attlio maximum speaking peaking of the deduction for the choctaw c claim sim the tile minority say that the ma majority j arity make a very swift charge chame of th thia Is 1 I again it the estimated estimate t balance for 1893 but nowhere deduct it from estimated payments for in which vear the secretary estimated that I 1 it t would lear be e paid the tile condition of the treasury balance duo ilia the sinking fund in ili 1802 is ll the requirement requirements fur for 1893 estimated at 13 18 and at the end of the next fiscal year there will be due the fund alitt a little leover over one hundred mi million lilion dollars in conclusion tho the majority cite secretary fosters statement that ill lit his ills opinion there would he be a deficit at the end of the fiscal year of 1891 and arid that the receipts of the government overn ment should be increased at once 9 by to meet tho the treasury condl eions lions As as set forth in fix hia his report and arid to increase the gold reserve fund fund by t the tile remarks odthe of the majority relative to the sinking fund wore commented on as follows thia this credit could not be made to that fund from the current revenues this year without increasing our taxation sum sufficiently antly to retire bonds per annum the majority of ofilio the committee do not advocate any such scheme otherwise illya why Illy do 0 they bring the tile matter into their lell report rt for they hey certainly know that prior to aul july y 1 requirements of t this his act were anticipated by nearly ono one billion dollars in conclusion the minority sa bays s ve we cannot escape t the lie conclusion that the he majority of the committee have whether intentionally or not put the worst blo ble phase upon the condition of the treasury oyer overlooking lookin g the important points poin ts in the statement of odthe the L secretary and experts examined in arriving at unwar unwarrantable r actable conclusions report of the condition of tho tile treasury in the tile reported condition odthe of tho treasur treasury y ti the ie majority Is correct in charging charging cha that contract liabilities for 1594 are forty a ort million dollars against an appart int by ance of 47 which are stated in foot root note by tho the secretary it I 1 5 quite evident t IO 10 however we v e r that he the secretary docs does not den b believe e i devot that Is t t this ds forty millions rall liong will bo be P paid old during M and arid he lie had wid no doubt but ill thai at I 1 ii 1 11 1 1 1 1 the condition of tile ho treasury rv will be re leiven to a considerable extent by a reduction in ili the payments payment on these contract accounts the tile aniag majority would woul d also aiso charge in addition 16 I 1 4 for or r rivers rs and harbors harbOT 8 but this I 1 is already charged once to the sundry civil accounts s moreover it carries only for f iw rivers ad and harbor harbor the next attack was made on averaging the deficiencies adopted by the majority as grossly misleading for the reason that there was such great variation hence there can be no average average miscellaneous appropriations appropriation a arrived a at by the majority were also attacked on the basis that the statement of the secretary of the treasury june e 30 1894 IS would be very small R evenue from tile cu oil the basis of the percentage of increase each year ought to be larger than estimated by on certainly there ts Is no I 1 justification whatever for the majority s de fience at the c cloo oo 00 of 1891 of to forty millions democratic caucus the democratic caucus which met in the senate chamber this ni was wai well attended action of today indicates that the populist senators are to be ignored I 1 1114 senators Doy leof north dako ta efrer and alien populists lists were not invited to attend the tile caucus martin of kaas karias although fusion VOID vote is consider od a democrat ail aa such was invited by gorman to attend the ca licus alli lie waa present and participated participated in ili the proceedings W I 1 s alien allen 1 I it is und will vote ar with ig t lithe the democrats when it comes s to organ iza tion the was orgalee organized d by y re clemtine clec tine ting german gorman na chairman n and 1 faulkner u lk as secretary the session lasted four hour hours only actual but business driess was transacted it chairman to dezort a beina ain atee to devise a plan for cal lion tion and lid report to the caucus upon a call ba the chairman africh billic vaa con ill ii dic discussing the bearint a a upon the standing of the ser alors appointed by ill the governors over nors cases in point being senator ator f CL kaith appointed by the tile governor of wyoming and senator mantle am appointed by the he governor N arnor 0 of mon SIon tana A spirit spin I 1 t of OPP opposition against seating the appointees was manifested and 1 in L support port of this view a number 0 of fu O 0 old 1 decisions in tile lie S nate contested elections clec tiona were produced Ii finally nally it was deci decided ded however low that these matters matter 4 together with the case of martin I artin should bo be re referred to 11 ale a committee oil privileges and elections the first meeting of presidents cabinet was held this afternoon and la cited over two hours prior to assembling secretary carlisle ila had a talk with the president concerning the bond question no forina formality lity or ceremony way was observed in 0 opening ening the n meeting ee ting tho tile session ans devoted eted to the d scission of current matters of bublic importance including hawaiian an vexation and the financial situation the greater part of tile time was taken up however with the consideration ot of the tho question of appointments particulars those of assistants to 0 o alio various cabinet officers necessity for filling all positions without delay was taken aa as a self sell evident fact but Clove cleveland landi impressed sed upon the oti iclal family the necessity of going slowly in the selections |