The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-07-30

when her independence was assured was
to turn her back upon her patroness.
Before Mrs Drayton left Europe, about
the time of her fathers death, she com
municated with her protege, as sho
wished some drawings made from her
fathers favorite pictures and works Of
art. The protege wrote back that she
had so many orders on hand that Mrs.
Drayton's commission could not be ex-
ecuted, and she begged TO be excused ac-
o0r1ingly. It subsequently appeared
that the young woman was catering for
the custom of the French social despots
and feared TO be connected with any such
scandal scourged name as that of Mrs. j.
Coleman Drayton.
OLIVER SUMNER TEALL's POLITICAL AMBI-
TON.
Oliver Sumner Teall's declared inten-
ton of going to the northumberland,
that's, by others than himself-is causing
secret anxiety TO the leaders of the as
sembly district in which he lives Hence
the efforts to make Mr. Teall ridiculous
in the press of New York. Politicians
well know that the stigma of absurdity
will kill any ambition, but they may be
taught by Mr. Teall that even absurdity
is TO be conqured. That large faction in
the 400 which always opposed McAllister
hnils with delight the rise of the anti
treater, for they see in IL the ultimate
eclipse of Ward. There seems to be a
revival Of the craze among New York's
society element to go into political life.
We are hearing that Frederick Gerhard,
Foxhall Keene, Eugene Higgins and 9TH
ers may present themselves for electoral
favor when election day comes around.
The Gould boys have an immense amount
Of indirect political power, but for the
''patricians'' TO become avowed candi-
dates is unusual Mr.. TEAL, however, Is
4 T. \
his work like Hotspur, and If he really
made up his mind to become an assembly,
man there would be some lively times in
New York.
For the rest Mr.. Teall is most genial
and Industrious. He drinks very SPAR
ingly, but when he goes to luncheon his
expensive tastes result in a stiff bill from
the waiter. When he takes a friend
along the cost TO himself is rarely under
$40 for the two. II is stated that this
oddly noted fellow spends 800 week for
ating expenses outside of his own home.
He is a great reader, and decidedly fond
of historical literature. Like Louis XIV,
he is particularly courteous to women,
and never receives a greeting even from a
chambermaid without dofing his hat and
bowling most profoundly.
FINANcIER LANNON'S HOPEFUL VIEW.
Financier Henry w. Cannon takes a
and thinks, from his experience gained
in Europe as a member of the internation-
al monetary conference, that we will get
out of the trouble we are in. 81 do not
think that, in the common acceptance of
the term, we will have a panic or an
acute crisis in this country at present."
said he to me the other day. THE bust
ness interests, however, are suffering
greatly from credit disturbances all over
the United States. IL is difficult to state
specifically what has caused existing con-
ditions, but the principal underlying
reason is undoubtedly distrust in our
financial policy. e., there exists in the
minds of many a doubt as to whether or
not all our currency will continue to be
interchangeable at par unless the silver
purchase law is repealed.
From such information as | can obtain
a majority of the members of congress
win favor the repeal of the law. From
present indications it is probable that a
Joint resolution can be passed in early
September suspending the purchase of
silver. If this be done 1 have no doubt
financial affairs will assume more nor
NAL condition. 1t seems clearly the duty
of bankers and principal business men in
every community to liquidate affairs in
such manner as to cause as little further
TO credit as possible.n
DAVID WEcHsLER