Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1892-12-21
Secretary Foster on the None.
tary Conference.
NOT NECESSARILY A FAILURE.
The Financial Furry 10 New YOrs
Practically Over.
10 warren DOUBTFUL STATES.
The Canadion Revenue Cruisers ON the
Lakes nrr saiJ 60 be
Naval Vessels.

WAsnISGTON, Dec. 20.-Secretary
Foster enid this afternoon Mt the treas.
ury department that no thought ita
grave mistake TO assume that the none.
tnry conference.-the Oveto be- q failure.
The taking OF recess was expected by
,he administration when the American
delegates left here. Rothschild's prop
osition and his declaration that unless
something is done 10 insure the better
use Of silver among nations serious
consequences would follow, IL In itself
q hopeful indication that the prsmi-
nent bankers of tho world feel tho
necessity Of reaching an agreement Of
such u nature rs shall secure approx.
mate uniformity the world over In
dealing with the question. Thc secre.
tary said 90 far M he personally was
concerned, all he expected Of the pre-.
llminary conference had been accom-
plishcd.
THE FINANCIAL FURRY.
Information was received at the
treasury department today 10 the effect
That the financial Hurry In New York
was practically over for the present,
and there are no longer any prospects
Of a panic. About ~, 200, 900 In gold
has been taken from the treas
ury this week, and about 81 $4,000
more will be taken before the week Is
ended. Secretary Fost z IL confident
that II Will soon be returned through
the regular channels OF trade. Score.
tnry Foster makes no secret OF his
purpose OF repairing, as far as possible
within legitimate bounds, the serious
inr0ads ON gold holdings resulting from
the recent heavy shipments 10 Europe.
To that end hs has renewed the policy
10 successfully employed by him ut
earlier periods OF his administration,
when the gold balance OF the treasury
was similarly menacei by foreign IN.
fiuence. This policy, In brief, IL TO
ulshuisc currency ofany character and
Denomination desired Mt any point in
the United States when Il may be
needed In exchange Tor gold deposited
IN any sub.treasury except that ut San
Francisco. The person purchasing
currency is given the benefit Of the
government rate Of transportation. IL
was learned this afternoon that several
bankers had already taken advantage
otSecretary Fosters plan, and added
SSOO,OJ0 10 the government gold bal
nnce, and further, that there 10 every
Indication that the treasury will spec
lilly recoup the entire amount surren-
defed recently to foreign dealers.
REPUBLICAN, STEERING coMMIrrEE.
II Is stated that the Republican steer.
ing committee, composed Of Senators
HOar, Mcmillan, Chandler, Teller and
Mitchell, has come TO the conclusion,
while II cannot offer the states OF thu
Northwest auy material relief, IL will
keep itself In shape TO protect the ln-
terosts OF the people when this matter
comes before the Senate for action. A
member OF the committee said this
evening that IL would keep track Of the
situation In Questionable states and be-
informed Ms 10 the real condition OF
ntiairr, 30 Ia case OF contests before the
Senate they will be- ms fully equipped
10 make fight for seats as the Demo-
Gratis, who say their committee 10
organized for the same purpose.
THE WAR SHIPS ON THE LAKES.
The construction OF revenue cutters
on the great lakes by Canadian au-
thorities has received renewed consid.
Grafton by officials OF the treasury
department within the past few days
since the receipt OF the report made by
one OF the lieutenants In the service TO
Captain shepard OF the revenue ma.
rine. In this report the lieutenant
gives In detail facts corroborating the
points outlined In the Associated
Press dispatches several days ago.
showing that In all essential
features the boats are naval vessels.
The report further states that
English and Canadian officers and
citizens explained that these vessels
were built with view OF protecting
tho welland canal from destruction In
case OF attacks, and in this connection
the statement In made that there arc
fity vessels in the British navy that
can be sent TO the great lakes. Con-
tracts baye been let for charging the
shallowest OF canals In CansdA anu
Cornwall to admit the passage OF ves-
sells drawing IL feet OF water. The re-
port does not excite any apprehension
at the treasury department.
Secretary OF State Foster said today
the report had not officially reached
him yet. He raid the treaty Of 1917
places no restriction upon the number
OF revenue cutters either country may
maintain upon the great lakes. This
documents should DO amended In some
important particulars to conform to
modern conditions. In Its present
shape 1t is out OF date, and some Of its
requirements are ignored by mutual
consent.
CONTRACT FOR WAR SHIPS.
1t Is stated at the navy department
that Secretary Tracy may award the
contract for one or two war ships,
bids for which opened last week, to
the Union Iron Works, San Francisco.
The bid OF this company 10 slightly
higher than Cramps but the differ
ence allowed for construction between
the esst and west, 3 per cent, would, IL
Is said, more than wipe out the excess
OF the Union Iron Works bid.
gosEcRAss GOES TO CALIFORNIA.
General Rosecrans, register OF the
treasury, will leave tomorrow after
noon for Los Angeles, Cal, In the
hope OF recovering his health.