Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-03-09

New YORK, March s.-The Evening
Posts Washington correspondent tele-
graphs his paper this afternoon that
during the few days that the President
has had the opportunity TO consult
with his cabinet advisors the ques-
tion Of calling an extra session OF
Congress has formed the subject OF
much deliberation in view OF the threat
enlng contraction OF the public finances.
The result has been the conclusion that
IL would not be wise 10 call the
new Congress together immediate
ly. The President and the en-
tire cabinet agree that the power exists
to issue bonds for the purpose OF
strengthening the treasury gold re-
serve, and IL may be confidently as
sumed that this mode OF meeting the re-
ouirements OF the situation will be
adopted whenever necessary.
"The President and the Cabinet are
agreed that the earliest possible repeal
OF the Sherman act is both desirable
aud necessary for the public welfare.
They fear. however, that majority
for the repeal could not be secured
at present in either House OF Con-
gress, and failure might have a
disastrous effect. Hence IL is thought
the better course to delay the assem-
bling OF Congress till early In the fall In
order that public opinion, which Is
evidently turning, may exercise It's In
iluence In the meantime upon Senators
and Representatives.
I "The President and his Cabinet are
fn1 al ~ hn m
the delay in consequence OF the appre-
tensions regarding the immediate fu.
ture among business men throughout
the country, and propose 10 guard
against them by early action, In ac-
cordance with the assurance In the In
augural address that so far as the ex-
ecutive branch OF the government can
intervene, none OF these powers with
which 1t is invested will be withheld
when their exercise Is deemed necessary
TO maihtaIn our national credit or avert
financial disaster
"This is the view somSbs the best
friends OF the new administration are
presenting whore II Is likely 20 nave In
fluence. Spectators, therefore. wh0>
may be counting on a riot OF bond sales
because all the signs point 10 the neces-
sity for some kind OF an issue before
long, are likely to be deeply dlssppolnt-
ed. Mr.. Carlisle Is thoughtful man
and very deliberate In his movements.
and there Is no danger that Mr.. Cleve-
land would in any event override the
Secretary's judgment on such matter
as this.
at is thought that the belief OF Mr..
Cleveland and his Secretary OF tho
Treasury In their right 10 issue bonds
In certain emergencies without further
legislation swas at the bottom OF their
consenting TO a cessation OF hostilities
over the Sherman amendment. IL II
not probable, however, that either OF
them would feel justified in making
such issue large one. IL would
probably be S5,000,000 or Sl0,-
900. 600 at the outside "a suf-
ficient amount for an expert
nent. II IL should be found that the
effect OF this issue was geing to be null
lifted by a panickp feeling ir the money
market or by the operations OF specula-
tors who would<rsw gold out at one
door OF the tfvhsnry as fast as theyi
shoveled IL In at the other, they wouldi
consider IL better policy 10 suspend
bond selling and let the people have 4
taste of business conducted everywhere
in the country on silver basis. Or
course gold would In that event go 10 q
premium.