Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1893-04-29
FINANCE AND TARIFF.
While They Publicly Wrestle With One. The,
Are Busy With the Other.

| WasniSGroS, April 2S.-As to the pres
ent policy of the treasury concerning gold
and bonds, i, can be said il is the result OF
an unde rstanding between the Presiden,
/ and secretary, which had the assent of the
| cabinet after much discussion.
| Mr.. Carlisle would never have been ac-
| eused of a lack of nerve in meeting the
! emergency had his explanation stood AS he
/ prepared it as an expression of his own
/ views. Whatever of uncertainty the ex-
| planation had was owing TO the cutting and
slsshing Mr.. Cleaveland gave it offhand.
| MIR. Carlisle's views and policy might not
have satisfied every body, but il would have
left no uncertainty in the public mind. The
course of action of the treasury resulted
| from what followed the cutting and slash
ing of Carlisle's explanation by the Presi-
dent, and after an amicable discussion al
the cabinet meeting.
The bond and gold question of the pre-
sent moment runs necessarily into the
tariff question of the near future. On the
tariff policy of the administration Mr..
Wells and Mr.. Atkinson have been here for
some time at work. They have had fire.
quent conferences wiiL Secretary Carlisle,
and they know what is Mr.. Cleveland's
will. They must find the way.
If there be no failure in present inten-
ton the administration bill will proceed ON
independent lines, without much regard to
platforms, past declarations, or party ideas
at any time. The bill will put duty on
sugar-say one cent pound-at the same
time cutting effectually the present sugar
bounty; it will reduce duty on steel and
iron considerably free raw material will
be the fact generally. There will be free
wool. low duties on home made articles
largely consumed in America; there will
be little or no reduction on luxuries, and
so on.
Mr. Cleveland thinks with tariff of this
kind and with the most rigid economy in
legislation, with cutting down to bedrock in
pensions-w hich he is keeping hard in view
in appointments for handling pension details
with the growing internal revenue, whis-
key in particular, with looping off to the
last degree river and harbor and other ap-
preparations which have been conspicuous
in the action of the billion Congresses, and
specially with the resolute use of the veto
power, TO which he pledges himself: with
all these and many other kindred considera
tons woven into one solid policy, Mr..
Cleveland thinks he sees his way clear.
'iiuul'i lHtft bt u III tht iN't-
nue., the idea will be to issue three per cent
treasury notes. Supplemental to all this,
as policy in legislation, no less rigidly
economical administrative policy is to be
observed in all the departments. As great
a volume as possible is to be made to flow
into the treasury and as small a volume as
possible out of it.
If Congress is obedient, and Mr.. Cleve
land has his way, he is conf lent the two
ends-revenue and expenditure-can be
made to meet, whatever happens to labor
and capital.
But there's specially there's
the Senate, The cooperation, at any rate,
then the submissiveness, is counted on the
plan. The success Mr..
Cleveland has had in insuring acqniescence
whenever that was all that was wanted, and
corporation wherever that was needed,
does not permit HIM to doubt his success in
the future. TO grease the wheels the great
volume of patronage is now withheld for
use whenever and wherever it will do the
most good. The labors of Mr., Wells and
Mr.. Atkinson are at present on the tariff
bill, which will be only part, it is true, of
the general whole under the title of the
Presidents policy.