6 JANUARY 1894, Page 11

The position of the United States Treasury begins to excite

serious alarm among Americans. Only three years ago the Washington Government was regarded as financially the strongest in the world, but the mad extravagance through

which Protectionists hoped to defend high Tariffs has had its natural result, and the Secretary to the Treasury now announces a coming deficit of £15,000,000. He will therefore, it is stated, ask for powers to borrow £50,000,000 in small bonds, which it is believed will be accepted everywhere in payment of obligations.