Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1893-04-28

Washington, April 24.-The interview
given out by the president last night Is
beinp generally discussed TO-DAY. Ills
declaration that the parity OF gold ana
silver must be maintained caused no
surprise in commercial circles. Nclthef
is there much discussion OF MS fe1ef-
ence 10 unfortunate financial policy
and .silI-advised legislation" 1he part
that was discussed was that i'll which
no PROCESSES surprise that the people
should believe newspaper reports ana
in which he denies that the redemption
Of treasury notes III silver was 1T any
time contemplated by Secretary Car
Isle
That he should jump on TIE press
should not surprise anybody. lie has
ALWAYS done that, despite his great Cd
legations to the newspapers. But thiiI
he should deny that Secretary Carlisle
intended to stop gold payments on treas
,1t.y notes is certainly surprising, for
that is exactly what Carlisle dld intend
to do. and, moreover, the president MN
self knows il, for he read 1T III me
statement which Carlisle showed to
him on Friday, and which he himself
altered before giving it to the press
This assertion is not based on mere
rumor.
What lie SAID.
TO representative OF the press the
president said yesterday:
'"rhc inclination on the part OF the
nublic TO accept newspaper reports con
corning the intentions Of those charged
with the management of our national
finances seems to Justify my emphatic
contradiction of the statement that the
rcdemption Of any kind OF treasury
notes except in gold, has at any tllhe
been determined upon or contemplated
by the secretary of the treasury or any
other member Of the present admins
tration. The president and his cablne'
are absolutely harmonious i'll the dete"
mination to exercise every power con
frrred upon them to maintain the public
credit. to keep the public faith, ana &c
preserve the parity between gold and
silver and between all financial oDllSa
tons Of the government. Whlle tut
law of 1890. forcing the purchase OF q
fixed amount of silver every month
proyidcS that the secretary OF the treas
ury, in his discretion, may redeem II
either gold or silver the treasury notes
given i'm the payment Of silver purchase
vet the declaration of the policy of the
government to maintain the parity be
tween the two metals seems so cleai
10 regulate this discretion rs to dictate
their redemption III gold.
.sOf course, perpleXity and difficulties
have grown out of an unfortunate imam
cial policy which we found in vogue an'
cmbarrlssmentS have risen from Ill
advised financial legislation confronting
rs IT every turn but with careful con
fidencc among the people and patrio'l'
disposition to cooperate, threatened
dangers will be ayertcd pending 4 legiS
latiyc return to /; Soundcr and hett"1
financial plan The strong credit t'
the country still unimpaired, and tn
good sense of our people winch mas
never failed in time Of need, are at nam
to save us from disaster
As for cabinet harmony on the tinan
cial policy it need only be said that Car
Isle = son. WHO IL cIlCl 1l'lh VI ~
treasury is on record rs saying tina
il differences between his father amt tn
president existed 1t is not unlikely
however. that Carlisle is NOW rcSignct
if not in the harmony.
The financial situation is regarded a
much better today, although at moor
the treasury department received wor'
from New York that at least three
millions would doubtless be wanted 70
tomorrow.
Private advice to bankers say tina
probably four million, will be required
That will eat into the reserve one
more; but the result causes no alarm
The Improvement III the situation i
due solely to the removal of the doub
as TO the presidents policy. True, h
did not mention bonds in so man
words; but to maintain the parity bt
tween metals gold is necessary. an
therefore when the reserve gets to
low for safety means will be taken t
replenish it and that means bond.
Such IS the opinion of the leading tina1
cierS here
WAI I STPENEVV CIR DIN I>D