The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1891-09-03
Washington Letter.
advanced
August 28, 1891


If the President returns to Wash
ington within the next three weeks,
as he is expected to do, he will find
the White House scarcely habitabie,
sit is not expected that the work
men can possibly finish the repairs
before the first of October, and to
get through that early it has been
found necessary to postpone por-
i ton Of the work to be done until
next summer
Secretary Foster reports our fnan-
cial condition to be excellent and
improving every day. He antici-
pates not the slightest difficulty in
taking up such of the Al per cent.
bonds as shall not be presented for
extension at per cent. on or before
September 2, which is the last day
that they can be extended. He
does not think the amount to be re
deemed will much exceed $4,000,
900, and he has an available balance
of 100000, 900 exclusive of the
S1oo, 900, 900 in the much written
about "gold reserve" fund. These
bonds like all issued by our Govern
ment are made payable in gold
should the holder desire it, and as
the Treasury has in its vaults more
than 500, 900 in gold coin, in ad-
dition to the "gold reserve" there
will be no difficulty in accommodate
ing the owners of the bonds pre-
sented for redemption even should
they all desire to be paid in gold.
This state of affairs is very crafty
ing to everybody but the Democratic
calamity walters who have for
months been saying that the United
States Treasury would be bankrupt
and that when the time came to take
up these bonds it would be COM
PEELED to default in the payment of
them. Of course those of them who
know anything knew better all the
time. but having been so successful
last fall in their campaign of misrep-
resentation, they have for lack of
any other principle adopted that
method of fighting the Republican
party.
The news of the Governor of Yer
mont having formally notified Sec
rotary Proctor of his intention to
appoint him to serve out the unex-
PRED term of Senator Edmunds,
when his resignation takes effect
November I, created no surprise
here, as it was only carrying out
what everybody had accepted sever
al months ago as certain to occur
Secretary Proctor has ably admins
tered the affairs of the War Depart.
ment, and while everyone rejoices
that he rs to occupy a place that is
more congenial to him, there is a
great deal more regret than usually
follows the retirement of a member
of the cabinet that he is to lay down
the War portfolio. Speculation is
rife as to who will succeed Secretary
Proctor in the Cabinet and many
names are being mentioned, among
them those of ex-Gov. Cheney, OIL
New Hampshire; Senator Farwell
and ex-Representative Cannon, o.
Illinois; ex-senator Spooner, of Wis.
consin; ex-senator Malone, of Vir
ginia; Hon. R. T. Lincoln, u S
Minister to England; ex-Represen
tative McComas, of Maryland; ex
} Senator ingalls,, of Kansas, and Gen
Alger, of Michigan. The Presidenr
is away and there is nothing to base
any reliable prediction upon to BIZ
obtained here, SO that everybody
may guess to their hearts content
and talk up their favorite There i:
reason to believe that the President
has already picked out the man and
obtained his acceptance of the place.
but it isn't probable that his name
will be officially announced until
Secretary Proctor's resignation has
been formally accepted, and no one