"WAsHINGroN. Feb. II, 1910.
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"Well, ",hc long agony isoyer." Sub-trea-
sury, and hard money currency have been laid
on the Shelf You will perceive by the Pref
dents Message, and tho Report Of the Secreta,
ry ofthe Treasury, that the Government is
literally at stand for means to pay the public
creditors, and asks for power forthwith to issue
Treasury notes to the amount, now, of about
four millions, and probably five millions more
prior to the fourth Of July next. "To this
complexion it has come at last" after debates,
protracted and painful, documents, messages
pamphlets, speeches, public meetings and ora.
tions, on the beauty Of the hard money currcn-
cy, the Government is under the necessity of
asking, not for authority to raise loan, but 10
issue four or five millions, in paper, to meet
the current expenses of the Government. III
paper asks to use the despised credit Of the
people.-What commentary this is on the
ruinous course Of the administration, compel :
led to pursue measures which they have long
earnestly and zealously denounced When
the Secretary made his report 10 Congress,
those who were best conversant with estimates.
said at once that the Secretary declared that
the revenue was sufficient 10 meet the expen-
|ditures of Government; whereas, it was evil
dent, from his own showing that, while over
rating the receipts, he had omitted TO state that
payments fell due sometime before even the
estimated receipts could be made available; aud
so the President has said in his message, which
is by no means an open, canded expose of af-
fairs, saying with Bonaparte, "Frdnce wdnts