Show rim BONDED INDEBTEDNESS Tho last call of three per cent bonds will reduce the amount of this class of securities outstanding to 40000000 and bring the Treasury ono step nearer the point when tho only disposition of the immense surplus revenue of the Govern merit will bo to hoard it in its vaults Tho excess of income over expenditure now averages 10000000 a month at which rate all of tho three per cents can bo called in and paid by tho first of Juno There aro no other bonds subject to redom ption before 1891Underthesecir cumstances the necessity of action by the present Congress becomes moro immediately Im-mediately Imperative Tho Fiftieth Congress Con-gress will not meet until seven mouths after tho last bonds have been paid when 70000000 will havo accumulate in the Trotsury Tho paying of Inteies Ion I-on indebtedness with tho money lying l I idle in his safe to pay the principal would be a policy which no judicious business man would pursue and tin principle is equally applicable to tho financial affairs of tho nation |