Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-06-05

Gen. John @. New, late consul general Il
| London, eI-assistant secretary Of the treasury
and the leader Of the Indiana republicans, ar
rived in Washington last night and left at noon
for Baltimore. He will go from Baltimore to-
night to New York and will reach indianapolis
Wednesday.
Gen. News visit to Washington is not for the
purpose of meeting Secretary Gresham and
closing up his official career.
THAT has been attended to already. :" said he
"and have no more business with tho State
Department"
1T HIS been said that ex-President Harrison
expects to be renominated and re- elected in
1895. was suggested to Mr.. New by a STAR re-
porter.
II don't know what General Harrison's feel
ings are" said Mr.. New, las 1 have not seen
him since few days after the Minneapolis con-
vention. The Indiana republicans have looked
to General Harrison as their leader since the
death Of Oliver P. Merton, and they would un-
doubtedly like to see him nominated in 1896.
his administration was one OF the cleanest and
best the country has ever had, and for that rea-
son he would make strong candidate"
THE rISANcIAL SITUATION
NSA. ANo" iofmCt CoHItCllOn W1tn tlo
Treasury Department and his high reputation
as hnancier suggested an inquiry in regard to
the financial situation. II have no knowledge
OF the policy of the administration" said he
"but 1t onght to occur to anybody that the gold
stringencs in this country is due to the policy
OF purchasing silver buiiion and paving gold
Tor H. Tor the plan OF issuing silver certificates
amounts to the payment direct of gold for sill
ver The inevitable result of such a policy, il
pursued. must be the placing of the United
States on the silver basis
I'm Great Britain there is considerable un-
rest In nrncial circles and fuctuation of prices
In all kinds OF securities. This is due to over
production. the participation in different kinds
OF promotive schemes and other local causes.
and also to the bank failures in Australia,
which as everybody knows. directly affect the
financial situation in Great Britain There
seems to be gradual decline In the price of all
KINDS OF securities due to the large sales
American securities are the best sellers. 1
think they are preferred above every other
kind. do not think that the depressed condi-
ton OF the financial world of Great Britain is
ascribed to the situation in this country. AsI
SAID before 1t is due to purely local causes
NO. am not prepared TO speak as to the prob
able result Of the monetary conference"
WHAT ENGLISH AANUFAcrURERs EXPECT.
DO the English manufacturers expect any
advantages as a result of the revision of the
tariff"
"They undoubtedly expect something from
the extravagant promises made in the demo-
cratic platform. Some industries NAV be
penented and some may not. The Mckinley
law, Tor example. earring as it did larger
number OF articles on the free list than any
other tariff since that of 1896 had the effect of
some English industries whose
products did not compete with ours.
WINE other industries were entirely
wiped out of existence bv it. 1t
is difficult to tell what the results of tariff
revision will be. As an illustration, we have
imported more till plate in the last three
months than during any other similar period
since the three months prior to the enactment
Of the Mckinley law. That was an unusual i'm
portation and was due to The anxiety telt bv /
importers that the Mckinley law would |
probably raise the price
. DO YOU expect to resume your control over
the Indianapolis Journal and your place in |
Indiana politics."
My newspaper has been in the hands of nv |
son for some time past and have nothing /
Whatever TO do with it. The management is |
very satisfactory and l shall probably not re-
turn to that field again"
How do YOU regard the alleged policy Of the |
oi the Treasury OF continuing to nav |
'h the gold reserve instead of selling bonds to |
maintain the reserve at Sl00 000. .O0o?" |
L do not care TO discuss that policy Per-
'onally am pleased TO say that NV small gold |
'eserve Is intact and l am not going 20 allow |
nvseif to be troubled over governmental |
matters which are in the hands of officials
,harged with the responsibility Of handling |
hem properly"