The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-01-09
on ToLAKEwooD.
Mr.. Cleveland Going lnlo Winter Quarters,
Much Speculation About Carlisle and

Mr.. Cleveland Going lmto Winter Quarters.
Much Speculation About Carlisle and
the Cabinet.
New York Letter in Philadelphia Pres.
Mr., Cleveland expects to so to Lake
wood next week, although some Of his
family arrangements may compel him
to postpone hisdeparture for q few days.
When he goes to Lakewood he goes to
stay until the time comes for him to
go to Washington. OF course, he will
not remain there every day, but his
business in tho city, so far as it relates
to private affairs, has been wound up,
and he is now ireeto devote himself to
tho public for the next four years. His
partnership arrangement with the law
firm with which he has been associated
since he retired from the Presidency
has been ended, perhaps not very
greatly to his regret, since his success
in the practice of law in Now York has
not been particularly gratifying to him.
Mr.. Cleveland will take with him to
Lakewood a vast amount OF material in
the way OF correspondence and sugges-
tons which he has received from emf
nent Democrats who have visited him,
and his first business after he gets there
will, his friends say, be the completion
OF his cabinet. lie wants TO have that
matter settled as soon Us possible, and
he has no objection to permitting his
determination respecting the different
nl,t,,ok nn3nns An hn LnAua kn fhn INnh.
lie as soon rs he has reached 1t. Tho
key to his cabinet he has regarded as
tho treasury department, and he re-
ccived, understand, this morning init
nations from Washington that Mr.. Car
Isle had at last decided to accept 1t.
Mr.. Cleveland has received from some
sources suggestions that Mr.. Carlisle's
appointment as secretary OF tho treas
ury would not be entirely satisfactory
to the ADLER fin0nciers OF the country,
but such opinion comes from no men
OF that character who live in Now York
city. Since the winter OF 1881 Mr.. Car
Isle has enjoyed the respect OF tho
ADLER financlers here, although many OF
them did not agree with his views on
the tariff; and one of these men while
chatting with Mr., Cleveland the other
day told tho President-elect an anecdote
oil Carlisle which lie had never heard
before, and which seemed to delight
him. This tlnRncier said to Mr.. Cleve-
land that in tho last months Of MIR,
Hayes administration q bill was intro
duced into Congress providing for tho
rebuilding OF government bonds upon
which the option was soon to be reached
at rate of 81 per cent. The BIZ was
opposed by some OF the most prominent
bankers of the country. Some OF these
men appeared before tho committees
OF tho house and senate and argued that
tho passage OF such u bill would tempt
many OF the national banks to sur
render their bonds, give up their cir.
culation aud thereby bring about peril
by sudden contraction OF the currency.
MIR. Carlisle made speech in favor OF
tho bill. He had before that been
known as n man OF great industry, as o
deep student and as possessed OF q
statesmanlike, quality which ranked
him among tho ADLER men OF the house.
When this speech was finished 1t estab.
lishod Mr.. Carlisle's ropute rs q thinker
upon financial subjects. do combatted
tho objections OF tho bankers; he in
sisted and by details in the way Of illus
tration seemed to prove that the time
had come when tho government could
safely offer d rate so low as 81 per cent,
md he urged that the credit OF tho gov.
crnnent ought 10 be illustrated to tho
world, as II would be by retunding its
ot,livnttnna M this HVnre.
Mr.. Cleveland was told that very
largely owing 10 the impression caused
by thisepeecli tho bill passed tho house,
but 1t was vetoed by President Hayes,
slnco tho banks, OF some OF them, I'M
mediatelv surrendered q considerable
amount OF bonds, and thcrc was u
threatened shrinkaRe OF tho currency
by moro than SS0,0O0,00O.
'Thon this flnancier went on to tell
Mr.. Cleveland how within six months
CatlIsle's judgment was vindicnted.
Secretary Window virtually compelling
tho voluntary rebuilding OF these bonds
at an ovon lower ratio than Carlisle had
suggested by one.halfo Of per cont
M, Cleyoland seemed to DO intensely
interested with this narration He
bnlQ NO nuu uvuIu VI '9vS'uNe't ~
don'a brilliant exploit in compelling
the roiundlng OF these bonds at U por
cont but no had mover heard Of tho
pNft that Carlisle took In thatimpoTtant
legislation. Ho asked II there had ever
been d suggestion Of Mr.. Catllela'e Con.
pfusslohal career In regard to tho bank.
Inc system, tho currency question or
tho handling Of tho finances Of tho ma
lion which was not sound, and no was
told that II was the opinion oil those
Who had watched MI Catlisle's career
CloSely that no had never made o mise
take, excepting whom ho seemed 10 10
doubtful respecting tho proper troat'
mont Of silver ,,.,se,
ilslo was bltietaltst and ne asEeq