Idaho semi-weekly world. [volume] (Idaho City, Idaho Territory) 1875-1908, 1893-01-06

tFrom on. Regular Correspondent,
WAsBlHGroN, Dec. 20, 1892.

/
Secretary Foster loses no oppor-
tunity to assure bis callers that there
Is no probability Of financial panic
resulting from the temporary. and 10
= 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 it has IN the neighborhood OF
5000, 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 sl0O,000,0o0 gold reserve
fund In the Treasury.
Tho Secretary firmly believes that
the financial furry will result in some
silver legislation soon after the holt
days; but, although himself 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 aud unlimited
coinage Of silver will to man vote
against It. He thinks that Senator
McPherson's resolution providing for
the suspension OF the purchase OF sill.
yer bullion under the present silver
law, which will be called up as
soon as Congress comes together
again, or a similar giving the Presi-
dent discretionary power to suspend
the purchase OF silver bullion when
ever and for as long as he may think
beneficial to the public interest, can
be passed, because he has had as
surances that a 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 IL would be safe to say that no
more bullion would be purchased by
this administration, and that none
would be bought by tho Cleveland
administration.
Senator Paddock, OF Nebraska, has
some opinions about this financial
furry, aud, like those usually enter
tanned by that gentleman, they strike
right out from the shoulder. He
says: 6 1t is manufactured appre
hension. There was never more o.
better money in this country than a
this time. There was never more 0
everything in the hands Of the peopl
everywhere to produce money thar
now. The monometallists who wan
10 make point against blmettallisn
in the failure OF tho international con
ference to agree on some plan whel
the delegates Of no one of the power
represented were instructed so to do
the cotton and stock gamblers, VIII
wish To make point against tn
proposed anti-option legislation; tn
bears who want to buy cheaper stock
and others generally who delight i
profiting by the calamlties of all e'
cept themselves, may try to use tn
cry Of undesired legislation, OF larg
gold exports and the reduction of III
heretofore boarded gold surplus an
its distribution among the people
help sustain the enormous and col
stantly increasing business of ii
country, to create general distrust fl
their own advantage, but they wi
fail. There will be no panic. VIII
We most need in this country is Ii
tie more pluck and self-reliance, pa
ticularly as to certain other natio
that want to regulate our trade al
our fiscal policy for their own a
vantage"
There are surface indications tn
the much advertised Cleveland-Cri
fight is of, and that the Speaker, W
also hopes to be Speaker of the ne
House, has donned the Cleveland CO
lar. These indications may be err
decentralization often are, not on
as to the weather, but as to ever
thing else--bnt they certainly ex
in Washington at this writing.
Mr.. Blaine's condition has stead
improved for several days and hop
are now entertained that he m
eventually pull through his prese
illness. If good wishes can keep
man al;ye be will certainly live,
he has them from everybody.
The Democrats OF Washington a
having a regular monkey and parI
time over the committee which b
charge OF the arrangements for \
a 4