Courier Democrat. (Langdon, N.D.) 1891-1920, 1893-05-04
for the stability of the American
government.
WASHINGTON LETTER,
(From Our Regular Correspondent
WASHINGTON, April 29th, 1898

WASHINGTON, April 18th, 1898.
Hurrah for the democratic admins
tration! 1t has proven itself to be the
,uaster. not the servant, of Wall street,
and the government still lives, and
the treasury continues, and will con-
tinue to pay out gold to all who desire
it for treasury notes. \ greater tinan-
cial triumph was never achieved by
any administration. 1t marks the be-
ginning of new era, in which the
president Of the United States and his
cabinet will dictate our national finan-
cial policy, instead Of having it done
from Wall street, as it has been done
already too long for the good of the
country. The Wall street crowd in
vited the knock down blow that they
received. Seeing that bankers all over
the country were following the lead of
those of the south and west in furnish
ing the treasury with gold the Wall
streeters got together and formulated a
proposition in which they agreed to
furnish the treasury with from $50 ,000
0e0 to $50, 900, 900 in gold, but the pro-
position had a string tied to it in the
shape of a proviso that bonds should:be
issued for their gold. Other bankers
turned their gold into the treasury
without question, because of their con-
fiaence in the government which they
thought in need Of all the gold to tide
over a temporary difficulty, but the
Wall street Shylocks wanted their
pound Of flesh in the shnpe Of interest
on the bonds to be issued before they
would turn loose the gold lying idle in
their vaults. 1t did not take President
Cleveland and his cabinet three
minutes to formulate an indignant re-
fusal which was wired to New York
Later another proposition, less exact
ing was received, but it also was
promptly rejected. 1t must by this
time be evident to even the most obtuse
observer that the financial motto of
this administration is ''No Wall street
domination
The present condition of the treasury
is under the circumstances satisfac-
tory, and if the offer Of gold continue to
be as freely made as they have been
for the past week it is believed there
will be no necessity for the issue of
bonds, and even if the demand for gold
shall continue TO increase, the reserve
fund, at present intact, will be drawn
upon to meet it until it becomes GER
tain that it will be exhausted, before
bonds will be issued. President Cleve-
land and Secretary Carlisle are both
fully determined that no bonds shall
be issued until it shall have been fully
determined that nothing else will fur
nish the relief needed, and many be-
lieve if that shall be shown the matter
will be submitted to congress at an
extra session, before the bonds are
issued.
Secretary Hoke Smith is the only
member of the cabinet in the city, and
he has just returned from New York,
where the entire cabinet and the presi-
dent took part in the big naval review
yesterday. The president and the
other members of the cabinet, except
Secretary Lamont, who is compelled
by private business to remain there,
for several days, will go direct from
New York to Chicago, to take part in
the opening of the Worlds Fair. Sec
retary Smith had to miss the trip to the
Worlds Fair because Of some pressing
Indian business that demands his i'm
mediate attention.
The second chapter in the investiga-
tion of the weather bureau opened with
a stormy row between those two good
republicans, Prof. Harrington, chief of
the bureau, who is being investigated,
and Assistant Attorney General Colby.
who is conducting the investigation.
The evidence taken up to this time
fully bears out one of the charges
that incompetent employees were re-
tained after the chief of the bureau
knew they were incompetent.
Congressman Caruth, of Kentucky,
carries very broad smile inst now.
One of the reasons of the breadth of
that smile was the selection of his
brother, George W. Caruth, editor of
the Little Rock ARK Gazette, to be
U. S. Minister to Portugal,
Among the other important Presi-
DENTAL appointments made this week
were those of ex-Congressman McKin-
ney, of N. H., to be Minister to Col
umbia; ex-Congressman Thompson, of
CAL, to be Minister to Brazil; ex-Con-
gressman Wiley of N. Y, to be Consnl
at Bordeaux, Franc, and the following
well-known gentlemen to be govern
ment directors of the Union Pacific
Railway Company: Mr.. Henry F.
Dimock, of New York; Hon. Don M.