The Wadsworth dispatch. [volume] (Wadsworth, Nev.) 1892-1899, 1893-05-17
WASHINGTON LETTER.
From Our Regular Correspondent.
Washington, May s, lS9;

eff there is a financial panic. in this
country said a Senator famous for
his conservatism in everything, dur
ing . private conversation, at will be
directly chargable to the politicians
who are more intent upon carrying
out their theories than upon the we'll
fare of the country at large There
exist not the slightest reason for a
panic, and | regard the furry inA Wall
street which has crippled the eqrdage
trust and several other similar con-
Germs as beneficial to the country
rather than injurious. There was q
sine when the operations in Wall
street were regarded as controlling
factors in the finances OF the country,
but it has long since gone oy, and To-
day they are known for just what
they are-gamblers. They got up the
recent scare for the sole purpose of
frightening the administration into
issuing bonds, and in the end they be-
came its victims, and they have few
sympathizers and deserve fewer.
While there is no apparent connec-
ton between the slum In Wall street
and the condition of the National
finances there 10 no question that the
situation in Wall street is being used
as an argument by those who are try
ing to persuade President Cleveland
to call an immediate extra session of
Congress, to deal with financial mat
ters. On the other hand, some promi.
nent men who two months ago were
strongly in favor OF an extra session
now doubt the wisdom of calling one.
They argue that in the present ui.-
settled state. of public sentiment re.
garding finance it would but add to
the stir TO have Congress meet and
fail TO agree upon any financial
measure. that would meet the ap-
prevail of the President, aud those who
ought to be best informed on the state
of Congressional sentiment insist that
such would be the certain result OF
an extra session at this time.
Representative Boon, of Mimi, a
"middle of the road" populists, says
the present situation vindicates the
position taken by the populists in the
last campaign as to the real issue,
which they contended was finance,
and not the tariff. Mr.. Boon believes
in the remonetization Of silver at full
legal tender value.
There seems to be n general impress
ion. here that the Geary Chinese Ex-
%clusion act will not result in the de-
portation OF any of the numerous
Cinnamon who ignored it and refused
to register. There are two reasons
for this opinion, one being that the
Supreme Court, which will hear
argument on the new law this week,
will decide it unconstitutional, and
the other that the administration,
will even If the law be declared con-
stitutional, not attempt TO carry out
its provisions. If the administration
is opposed to the law, as il is said to
be, it has a good excuse for not carry
ing it out by shipping the Cinnamon
back to China, in the failure of Con-
gress to appropriate sufficient money
to pay for their tickets, but should the
Supreme Court decide it unconstitu.
tional no excuse will be needed.
The long expected fight between
the New York factions for the federal
patronage of New York City is ex.
pected to open i'll a few days, and
both sides are already well represented
here. Tammany has by no means
abandoned the hope of getting the
Postmaster and the Collector of The
Port, the two places which control the
bulk OF the patronage, but the anti
snappers are confident that they will
get neither. There are reasons for