Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-04-27

Much interest is felt not only in American
financial circles but in European marts as to
the conference In which Secretary Carlisle and a
few representative New York bankers are today
to participate. There 10 great popular curl
osity to see whether the government or the
banks will come out ahead Secretary Carlisle
does not want to issue bonds, but he does want
gold. and as the New Workers do want bonds
and seem to control the gold supply the strug-
gle promises to be one of considerable mo-
between the two forces, and as the only denials
have Wall stree. as the place Of their origin
there is probably much truth in the stories.
From that region OF financial manipulation
come tales that have the outward appearance of
correctness, but they must be received with a
triie Of suspicion as long as there exists q
general belief tina. the dollar-hunters are
trying to squeeze the United States.
Perhaps the most interesting of these
narratives is that which alleges care
lessness on the part Of the President Two
or three New York bankers are said to have
called upon the President last Sunday to warn
the chief executive that he was not cogni-
rant of the anxiety which was disturbing the
financial world. Mr.. Cleveland is declared to
have displayed indifference, which brought
forth further and stronger assertions of proba-
bic panic from the money kings, and these in
turn are credited to have made the President
say that if there any uneasiness the news
papers were responsible for it. That somewhat
astonishing accusation was q surprise, but it
was met. so says one who ought TO know. by a
prompt and Just negative. The banker is
al hat rba
much to the newspapers at this time; that they
had reported the situation with great accuracy,
and instead of exaggerating il had done a great
deal to prevent the spread OF panicky feeling
Going further. the banker said that the admin
istratiop was indebted to the newspaper press
that the situation was not worse; no men were
more DESTROYS Of fairly representing govern
mental affairs than editors and correspondents
Whether the conversation was in the terms
stated or not it is certain that the bankers SEN
timents were in the main accurately based
There are a few-very few-partisan sheets
that would embarrass the nation il by so doing
they could gain temporary political advantage
but the great mass of those who record the
daily doings of the government are eminently
fair. Defense Of the press by those who de-
mand the issue Of bonds will not, however, hide
the fact that Bostons bankers have been much
more patriotic than the cssh-handlers of
Gotham. The Associated Banks of Boston have
rendered gold to the Treasury and for so doing
received the thanks of Secretary Carlisle, who
in his letter said that if all the banks in the
country would initiate the Bostonisn example
the present financial situation would soon be
changed. and there could be no doubt hereafter
as to the ability Of the government, with the
patriotic assistance Of the people, to maintain
its credit even under the most unfavorable cir
cumstances. The country will watch closely
the contest that is on between Wall street and
the administration.