Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1893-04-23

WASHINGTON, D. c., April 22.-The ex-
hggerated stories which gained circulation
4 last night, and were widely published TO-
day, TO the effect that az the Cabinet meet
ing, during the afternoon, President Cleve-
lam and Secretary Carlisle had had q
serious misunderstanding which might
lead 70 the resi- ignatiOn Of Mr. Carlisle, are
officially denied by members Of the Cabi-
net and officials Of the Treasury Depart
ment. The relations which exist today
between Secretary Carlisle and the Presi-
dent are as cordial as they have ever been.
What the future policy OF the treasury
NAV be regarding finances, is still matter
Of conjecture for definite course has not
BEEN decided upon. The department
viii wait for developments and as the
emergencies arise IL is believed will
be fully able TO meet them. The admins
tratiOn feels confident that the present
financial furry is temporary, based on an
exaggeratiOu Of conditions, and they
/ have no fear that there will be panic so
that the national credit Will be impeached.
The most reliable information as TO the
position of the President and Secretary
Carlise, and what occurred at the Cabinet
meeting, is that there existed between
them simply a difference Of judgment as
20 which policy was the better one 70 be
followed. The stories about trouble In the
Cabinet are unfounded.
One result Of the gold scare has been to
cause a good deal Of quiet discussion among
the statesmen, left at the Capitol Of the
necessity for an extra session Of Congress.
IL Is undeniable that some Of them feel that
such a session is probable, and az an earlier
date even than that predicted by Vice
President Stevenson, namely; September
next
There is a question as TO the authority Of
80 -, See
bon Is under present circumstances, and
although the decided weight Of opinion lies
MIN favor of the proposition, 10 should also
be borne ia mind that if the Secretary de-
cides In the affirmative, he is still bound 70
ssue only bonds Of the old rates, namely, 4,
q and per cent, instead Of the 3 per
nt. bonds. it is said to be possible
float. In this connection, and as evil
ICING the Secretary's feeling in the mat
IL may be recalled that on February is,
when Senator Sherman sought 10
10 the inclusion in the sundry civil ap-
riation bill Of a paragraph authorizing
Secretary 70 sell these 3 per cent bonds
tOld, he said that he, with the other
Members Of the Finance Committee Of the
Senate, had consulted with Mr.. Carlisle.
Said Senator Sherman then: "While be
(Carlisle) hopes and expects that no cOntin-
gency will arise in which he will be called
upon 70 sell OQnuS 70 MAINTAIN tue reserve
now allowed by law, be thinks thevery fact
Of having the power to sell a 5 per cent five
year bond would probably enable him 70
avoid the necessity Of selling these bonds.
Under existing laws be could not, 10 order
10 maintain the reserve, sell any other kind
OF bonds except those I have named, the
per cent bonds, the ~ per cent bonds
the per cent bonds. But no Secre-
OF the Treasury ought 70 be required
sue that kind Of bond when the credit
he government Of the United States
D enable him 20 sell a 3 per cent bond. -
hdr. Carlisle is still of the same mind,
argued that Congress will soon be
a together 70 enact the necessary leg
tiOn 70 enable the administration 70
old the responsibility Of assuming the
estiouable authority for the bond issue.
cOurse. once the session begins, il is as
ned by those who discuss the matter,
,t Congress win feel obliged TO deal not
with the question Of the gold reserve,
also with the financial conditions,
hich In some quarters are asserted TO
We caused the present state Of affairs,
hich in plain English means the opera
p Of the Sherman Silver law.