Walker Lake bulletin. (Hawthorne, Nev.) 1883-1926, 1893-01-04
WASHINGTON LETTER.
From our regular correspondence
WASHINGTON, December 26, 1892

] !
is no probability of financial panic
resulting from the temporary and
fictitious demand for gold for ship
ment to Europe He calls attention
to the important fact that every de
mand for gold has been promptly
m 4 b. the Treasury, and yet at the
close of business Christmas eve he
has in the nei9hbOrhood of $4,000, =
600 more gold than was on hand last
July, and states his belief that he
can get all the gold that may be
wanted without having to break into
the Sl0O, 000, 600 gold reserve fund in
the Treasury
The Secretary firmly believes that
the financial furry will result in
some silver legislation soon after the
holidays; but, although strong ad-
vocate of the outright repeal of the
present silver law, he is certain that
a bill providing for its repeal, as
| that of Senator Hill does, cannot be
passed by the Senate, because those
who favor free coinage will vote
against it, He thinks that MePher-
sons resolution providing for the
suspension of the purchase of silver
bullion under the present law, which
will be called up as soon as Congress
assemblies again, can be passed, be-
cause he has assurance that number
OF free coinage Senators will not vote
against a proposition to suspend the
purchase of bullion. Should the sus-
pension be made discretionary with
the President, it would be safe to
say that no more bullion would be
purchased by this administration,
and that none would be bought under
Cleveland
Senator Paddock of Nebraska
says This financial scare is man
ufactured apprehension. There was
never more or better money in this
country than at this time. There was
never more of everything in the
hands of the people to produce
money than now. The goldbugs who
want to make point against silver,
5he cotton and stock gamblers, who
want to make a point against anti
option legislation, the bears who
want to buy cheaper stocks, and all
others who delight in profiting by
the calamities of all except them
selves, may try to use the cry of un-
desired legislation, of large exports
lud the reduction of the gold sur
)lus and its distribution among the
people to help sustain the increasing
business of the country, to create a
general distrust for their own advan-
tage, but they will fail. There will
be no panic
There are surface indications that
the much advertised Cleveland Crisp
fight is off, and that the Speaker, who
also hopes to be Speaker of the next
House has donned Cleveland col
lar. The indications may be errone-
Gus, but they certainly exist in
Washington at this writing
Mr. Blaine's condition has steadily
improved for several days, and hopes
are now entertained that he may
eventually pub through his present
illness If good wishes can keep a
man alive he will certainly live.
The Democrats of Washington are
having regular monkey and parrot
time over the committee which has
charge of the arrangements for Mr..
Clevelands Inauguration. About
half the committee appointed by
Chairman Harrity have resigned and
the fight is still going ON, while moth
ing has been done towards arrang-
ing for the inauguration The trou-
bic is that the Democrats regard
prominence on this committee as
giving man the inside track in the
race for Office.
lmpecunious Democrats who send
to Washington for copies of the
United States Blue Book without in
closing the price-S1 40-are being
disappointed, Each Congressman
receives a few copies gratis, but the
Democratic Congressman have long
ago distributed their allowance and
begged all of those issued to the Re
pubiicans. Further supplies will
have to be paid for
The President spent Christmas at
the Whit House very quietly, and
this week he will prnhahlv ora ~, :,