San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1892-12-30
wAsraNoToN LETTER.
From Our Regular Correspondent
WASHINGTON, Dec 26, '92

From Our Regular Correspondent
WASHINGTON, Dee 26, '92.
Secretary Foster loses no opportu-,
nifty to assure his callers that there is
no probability of financial panic re-
sulting from the temporary, and to
certain extent fictitious. demand for
gold for shipment to Europe. He
calls attention to the important fact
that every demand for gold has been
promptly met by the treasury, and
yet, at the close of business, Christi
mas eve. it had in the neighborhood
of $4,000, 900 more gold than was on
hand last July, and states his BELIEF
that he can get all the gold that may
be wanted, without having to break
into the SlO0. DOC, 900 gold reserve fund
in the treasury.
The secretary firmly believes that
the financial furry willresult in some
silver legislation soon sfter the holi-
days; but, although himself q strong
advocate of the outright repeal of the
present silver law, he is certain that
bill providing for its repeal, as that
of Senator Hill does, cannot be passed
by the senate, because those who
favor the free and unlimited coinage
OF silver will to q man vote against 1t.
He thinks that Senator MePherson's
resolution providing for the suspen-
sion of the oliver bullion under the
present silver law, which will be
called up as soon as Congress
comes together again, of simi-
lar one giving the president dis
cretionary power to suspend the
purchase of silver bullion whenever
and for as long as he may think
beneficial to the public interest, can
be passed, because he has had as
surances that q number of free COIN
age senators will not vote against q
proposition to suspend the purchase
of bullion. Should the suspension be
made discretionary with the Presi-
dent it would be safe to cay no more
bullion would be purchased by this
| administration, and that none would
be bought by the Cleveland admins
tration.
Senator Paddock, of Nebraska, has
some opinions about this financial
furry, and, like these usually en- ter
tanned by that gentleman, they strike
right out from the shoulder. He
boyb. lt 10 % 0pDIO-
hensioh. There was never more or
better money In this country than at
this time. There WAS never more of
everything in the hands of the people
| everywhere to produce money than
now. TIE monometallists who want
to make o point against bimetallism
in the failure of the international con-
ference to agree on some plan-when
the delegates of no one OF the powers
represented reconstructed so to do;
the cotton and stock gamblers
who wish to make q point against
the proposed anti-option legis-
lation; the bears who want 10 buy
cheaper stocks, and others generally
who delight in profiting by the ca
lsmities of all except themselves,
may try to use the cry of undesired
legislation, of large gold exports and
the reduction of the heretofore board
ed gold surplus and its distribution
among the people to help sustain the
enormous and constantly increasing
bnsin ess of the country, to create gen.
eral distrust for their own advantage,
but they will fail. There will be no
panic. What we most need in this
country is q little more pluck and
self reliance, particularly as 10 certain
other nations that want to regulate
our trade and our fiscal policy for
their own advantage"
There are surface indications that
the much advertised Cleveland-Lrisp
fight lie off. and that the Speaker, who
also hopes to be speaker of the next
House, has donned a Cleveland collar.
These indications may be erroneous
indications often are, not only as to
the weather, but as to everything
else--bih they cereainly exist in
Washing ton at this writing.
Mr.. Blaine's condition has steadily
improved for several days and hopes
are now entertained that he may
eventually pull through his present
illness. If good wishes can keep
man alive he will certainly live, for
he has them from every body.
The democrats of Washington are
having q regular monkey ana parrot
time over the committee which has
charge of the arrangements for Mr..
Clevelsnd's Inauguration. About
half of the committee appointed by
Chairman Harrity, of the democratic
National committee, have resigned,
and the fight is still going on, while
nothing has been done towards ar
ranging for the Inauguration. The
trou BILE is that the democrats regard
prominence on this committee as
giving man the inside track in the
race for office.
Impecunious democrats who send
to Washington for copies OF the Uni
ted States blue book without enclos-
ing the price, $l.40, are being disap.
pointed by thousands. Each con.
gresham receives q few copies gratis,