Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-02-16
The GoIdbugs Anxious for a
Compromise,
ALL THEIR PLOTTING FUTILE.
An Extra Session Of Congress Seems to Be
Unavoidable,
Buck kloore Receives Notice That His Doom
Is Sealed ISui Kwo Yin Will Locate at
the Capital Harrison TO Have
Another Office,

Washington. Feb. To- prominent
southern mcmbpr of congress expressed
the opinion tonight tliut the depletion of
the gold reserve iuuO ln the treasury
was caused hy combination OF New
York capitalists who have been sending
large sums Va treasury notes 10 the
treasury for redemption in gold in order
TO create "a scare and thus drive through
congress the bin 20 repeal tAp sherman
silver law 2 he expressed the opinion
that 10 was "a prCcuuCcrtcu plan. Vow
that this scheme has failed TO mutcrin-
lie, hc believes that this combination of
mOucyed men can and Will easily NJ
lievc The emburrus sment of the treasury
department
However this may be- the treasury il
depleted. There /. NO money 10 pay APP
proprIutons made az far back as the
Reed congress, Tie administration has
boon holding mp these appropriations be-
cause there were not sufficient funds In
tue treasury w puy them nud Ht the
same time meet the current expenses uf
the government. This Us probably the
principal reason why Secretary Foster
desires To issuc bonds lie holds that hc
cnu use the money derived from the sale
OF bonds not only for the purpose of rc-
drcmiug the outstanding grccnhacks and
coin certificates, but for other purposes,
aud that an issue of bonds Ia the only
way the government can raise money nt
present 60 pay the sums already uppro.
prilted by congress.
EXTRA SESSION NECESSARY.
Certainly tho financial condition of
the government ia very bad. Something
must of necessity hc DOM very soon.
Many there are who believe that the
/ financial situation is such chat MIR
| Cleveland will be- forced 10 call Hn extra
session Immediately after his Inaugural
ton for The purpose of Srranring to rusc
/ more rcyonuc The majority OF the
/ Democrats hold that there should be no
| delay Ia the revision OF the Ann aud
| provisions for increasing the revenues
| of the government hy increasing the
| whisky tax, los an income tax, or los
| sumc other means
] The prpscut situation of affairs has
| also strcnrthoned the cause of the free
| coinage men. lt has demonstrated tho
| necessity Tor ppeuNng One Sherman law
/ uud the substitution of @ law Tor the
! Tree and unlimited coiungr of silver.
| though, IN view Of Mr. Clcyeland'g Oh
| position to free coiunHc Il is hardly bo-
! hrvcd that such legislation can be- en-
| 1cied However, since the drient OF
| Mr. CicvCland's pmn In the house ON
Thursday II Is known that hp would
| now agree To the ro-enactmcnt of the old
| Island law, and II is not improbable TINT
TINS viii b. one of the FIRST acts OF the
nest congress whether called IN extra
session cary IN The spring or whether
IN does not meet until late Ia the fan.
Another tmng that the majority Of jhe
| beinoefuts agree Ia rs shat the silver
bullion now IN the treasury should bo
coined az once. by this coinage The
government would make profit of near.
~ NiO,OOO.OOO on the bullion Tbpt
would be sufficient 20 at lcnst tcn,pn.
rgrily relieve the embarrassed condition
of the treasury.
During the past few DAYS strong
sentiment for an enrly oltrn session bns
developed among The Democrats here
just what MI Cleveland win do m IN,
lnnttcr, however. mo- one seems 10 know
Indeed, Mr.. Clcvclpnds most intimnt,
friends say hc does not know himself