Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1893-01-02
WASHINGTON LETTER.
ESPECIAL CORRESPONDENCE OF THE MONITOR
.ashinqton, Dec. 20, 1892.

nifty to assn his callers GhaG Inore Ii
no probability of financial panic re
sulting from the temporary, and to {
certain extent fictitious, demand fol
gold for shipment to Europe. He
calls attention to the important fact
that every demand for gold has beer
promptly met by the treasury land yet
at the close of business Christmas eve
it has in the neighborhood of $15, 200,
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 500,
600, 900 gold reserve fund in the treas
ury.
The secretary firmly believes that
the financial furry will result in some
silver legislation soon after the holi-
days; but, although himself a strong
advocate of the outright repeal of the
present silver law, he is certain that a
bill providing for it's repeal, as that Of
Senator Hill does, cannot be passed
by the Senate, because those who
favor the free and unlimited coinage
of silver will to Il man vote against it.
He thinks that Senator McPherson's
resolution providing for the suspen-
sion Of the purchase of silver bullion
under the present silver law, which
will be called up as soon as Congress
comes together again, or a similar one
giving the president discretionary
power to suspend the purchase of sill
yer bullion whenever and for as long
as he may think beneficial to the pub
lie interest, can be passed, because he
has had assurances that a number Of
free coinage Senators will not vote
against a proposition to suspend the
purch ase of bullion. Should the sus-
pension be made discretionary with
the president it would be safe to say
that no more bullion would be pur-
chased by this administration, and
that none would be bought by the
Clevela nd administration.
Senator Paddock, of Nebraska, has
some opinions about this financial
furry, and, like those usually enter
tanned by that gentleman, they strike
right out the shoulder. He says: cit
is manufactured 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 everywhere
to produce money than now. The
mono metalists who want to make a
point against bimetallism in the fail
ure of the international conference to
agree on some plan-when the dele
gates of no one of the powers repre-
sented were instructed so to do; the
cotton and stock gamblers, who wish
to make point against the proposed
anti option legislation; the bears who
want to buy cheaper stocks, and 9TH
ers generally who delight in profiting
by the calamities of all except them
designed legislation, of large gold ex-
ports and the reduction of the hereto
fore boarded gold surplus and it's dis
tribution among the people to help
sustain the enormous and constantly
increasing business of the country. to
create general distrust for their own
advantage, but they will fail There
will be no panic. What we most need |
in this co untry is a little more pluck |
and self reliance, particularly as to
certain other nations that want to |
regulate our trade and our fiscal poll
cy for tn cir own advantage.'
There are surface indication that |
5he much advertised Cleveland Crisp |
light is off and that the Speaker, who
also hopes to be Speaker of the next |
House, has donned a Cleveland collar
These indications may be erroneous
Indications often are, not only as to
weather, but as to everything else
but they certainly exist in Washing
ton at this writing.
Mr.. Blaine's condition has steadily
for several days and hopes
ire now entertained that he may
eventually pull through his present
Illness. If good wishes can keep
nan alive he will certainly live, for
he has them from everybody.
The democrats of Washington are
having a regular monkey and parrot
lime over the committee which has
charge of the arrangements for Mr..
Inauguration. About half
IF the committee appointed by chair
nan Harrity, of the democratic Ma
ional committee, have resigned, and
me fight is still going on, while moth
ng has been done towards arranging
or the Inauguration. The trouble is
hat the democrats regard prominence
IN this committee as giving a man the