AMERICAN.

New Zealand Mail, Issue 1196, 1 February 1895, Page 34

AMERICAN.

Washington, January 25. A committeo of the Senate has reported advsraely on England's request with regard to a cable station for the Pacific cable. Washington, January 20. The American free gold balance is reduced to 59,000,000 dollars, and another bond issue is imminent. The Niearaguan Canal Bill, directing tho issue of a hundred million dollar bonds, has passed tho Senate. Washington, January 27. Tho American gold rosorvo has noarly reached tho lowest amount over recorded. Tho Treasurer (Mr Carlisle) says the situation is trying, but tho crodit of tho country is not involved. London, January 28. Tho Now York correspondent of the Daily Nnv:s says that owing to Congress refusing to place the currency on a gold basis distrust is sx>reading, and it is feared tho bonds may possibly become unsaleable. Washington, January 29. The President's Message to Congress states that last year one hundred and seventy millions in gold were withdrawn from the Treasury for shipment abroad or hoarding at home, and that thorough Radical remedial legislation is imperative to prevent gold being entirely banished from the currency. The Treasury, recommends the President, ought to issue bonds payable in 50 years, create a sufficient reserve to redeem them, and cancel the legal tender of notes.

Tho Message lias only made a small impression.