, 1881-02-27
though both declare their circulation then
Improbable unless the tax on deposits %
;aboiIshed:. i.


-->--'~-
CLEV EIAND.
THE SLATE SMASHED By. THE AFFAIR OF
WALL STREET.
Spsefdt Dispatch to The Chicogo Tribune.
CLEVELAND, O., Feb. GA panic has
booken up many a more substantial thing
than q Cabinet slate ind il the story which
is told here to-day with some degree OF
pIausibility that the slate which was made
I'm 4 few DAYS ago Mt Mentor, and which was
duly teIegraphcd to THE TRIBUNE, has been
broken by tho Funding-bill panic in Wall
street, / suppose I must be content 1t
is now asserted. that boom has set in for
the retention Of Secretary Sherman in the
Treasury Department., and, If this is done,
of course that requires complete rearra1lRe-
nlel1t Of the Cabinet, as the Prcsident-elcct
had settled upon it. That he had settled 1t
i'll his own mind there is little room Tor qnes-
ton, as those who know him best say that ne
would never have settled down to the work
Of preparing his inaugural until that was
done.
FoLGER, OF NEW YORK, roI: THE TREASURY
DEPARTMENT
was thought to be good deal of discovery,
and 1t wus thought that he might llarmonlze
all elements, but it was soon found, after his
name was announced, as Gov. Fenton put
it. "a little prematurely,'' that he was not
satisfactory to Conkllng or anti-Conkllng'
Several Of the leading papers, notably
the Tribune, made editorial criticism Of tile
policy of the incoming Administration load
tng itself down with an appninttncnt from
the Conkltng vaults to the Treasury Depart
ment. All these things had their weight,
but still think that there has been no ma
terial change thus far in the slate as pub
lisllcd in THE TRIBUNE. The story as it is
told is worth repeating, however. give 1t
in the words of my informant, who is one OF
the leading politicians OF. the State He said:
TIT Is AN OPEN SECRET
to those who are posted in Ohio politics that,
when Foster gave up the Senatorial race
here, lie was assured tl,at lie would either be
chosen III Gar1eld's Cabinet, or John SheF-
man would remain there, Willie Foster could
20 unmolested to the United States Senate
Whenever Foster has been questioned in re-
gard to the Office he was expecting in the tut
ure, he hos Invariably said that he was de-
sirous Of becoming Senator, and sought
nothing else. When Sherman and Foster
were asked If there was any understanding
between them in regard to this matter, as a
natural thing they denied It, neither caring
to confess that bargain had been made.
One would suppose, from the top of hay
stack, that Sherman would prefer to stay In
the Senate, but this is not SO.
uE Is PROUD OF HIS RECORD
as flnancier, and yet hopes to so before the
people OH it. In the Senate he has now high
Presidential nomination. Then Blaine, n
prominent competitor at Chicago, has re-
ceiyed call into the Cabinet, and Sherman
would like it OIL that account, All these
iItcf 10Y 1t1l- tyaarE
past. At first Garfield felt that he would
have Sherman on no consideration out.
after he found 50 much difficulty in getting
the matter settled In New York, lie expressed
man. AS the thing now stands, the appear
ances are that the new Administration is to be
INATGCRATED WITH 4 FINANCIAL PANIC
ON IT'S HANDS,
'Do vou think the panic was inaugurated
by any artificial means, to boom Sherman
"So, don't. I think it simply happened
so; cannot see how IL can help but boom
him, if he exercises the same degree of skill
in quieting affairs that he has throughout his
entire Administration. The demand will be
great business centres, that nc! green hand DC
given the helm III the serious times Of
storms. These things will help very. much.
But, best of all, it will let Gen. Garfield
+" What do you think the Empire, State
would get in sllcli a case rs that?'
Is 1t would get the Postmaster Generalship,
and James would doubtless be the man."
That would make Cabinet more after
the precedent thar has been set of late years,
and you think it would suit, do you?''
.' am confident it would do better than
anything under the circumstances.
GARFIELD COULD TELL THE COSkLISG MEN
that it was a matter Of necessity to-. keep
Sherman if the proper backing were received
firm, tha New Ynrk bankers. All will -1u-