The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1893-05-04

There, is, however, another side of
this question visible to those who are
carefully studying the situation. Ac-
cording to these figures all of the Ma
tional banks together have only Se3,-
600, 600 Of gold, while the Treasury
now has about, $1e2,0oO,0o0. Now
where is the remainder ofthe $780,
$780, OOo gold that financial experts
estimate to be in the United States!
That is question easier asked than
answered, and so long as it remains
unanswered neither New York nor
Chicago, the East nor the West, can
lay undisputcd claim to financial su-
nremacv The whereabouts Of this
enormous and at present unaccounteo
for sun of gold may play a very i'm.
portant part in the future financial
nol;cv Of the administration. AT
present the situation is comparatively
easy. the Treasury having about
80 OOO. 600 in s.free gold" that 49,
over and above the reserve fund.-
which is recently temporarily impair
cd to the extent of about 81 900, 0oo,
and which it will again use whenever
the necessity arises, with offers OF
gold still freely coming in from Ma
tional baks; but supposing it gets all
of the 1913, 900, 600 held by the Nation
al hanks and that the demand Tor
gold still continues, and that the IN,
accounted for gold remains horded
), m somewhere, what then?
Il is the only avowcd intention OF
the administration to make use OF the
,resent financial condition to con-
vince Congress that the Sherman
Silver Law must be repealed; but II
Senator Stewart, of Nevada, be COR
rect in his estimate it will not sue
coed He says he has made
careful canvas of the present Senate
and that not more than twenty Sen
ators will under any circumstances
vote for the unconditional repeal OF
Of the Sherman Silver. Law. 1t is
known however, that President
Cleveland entertains a very different
opinion. Time will tell, as 1t does
; most things, which of them Is right
81 The absence of the President and
most Of the membes of his cabinet
during the last few days left five OF
the government departments IN charge
Of hold-ovcr republicans officials, ana
that fact aroused great deal OF bad
blood among the democratic oflce
seekers here, and for the first time
2 they INDUCED in open and pubic crit
;cism of the administration Tor It's
hardness in replacing the prominent
renubl;can of1icials-assistant secre-
: taries etc. with democrats.
The Commissioner of Pensions
; goes on duty this week, and there Is
no end of speculation as to how he
will run the office. Those who are
best acquainted with Judge hochren
saw that he is a very conservative
man and that lie will probably 60
slow in making any radical changes
although he will correct any abuses
that he may find existing, and more
over he will hunt for abuses.
The investigation OF the Weather
Bureau is still going on, among the
j, prominent witnesses heard Saturday
being ex-Sccretary Rusk and one OF
the Civil Service Commissioners. 1t
begins to look as though the investl-
CATION were being used by rival 9TH
Gals of the bureau to pay off old per-
sonal scores against each other, and
that the results would not be impor-
tant.
A LAND COMPANY that runs town
,;lor nast Of Bio Stone Gan.