Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1893-01-05
From our regular correspondent
Washington Letter.

secretary roster loses no opportunity TO
assure his callers that there is no proba-
bility of financial panic resulting from
the temporary. and to 9 certain extent
fictitious, demand for gold for shipment
to Europe. He calls attention to the i'm
portant fact that every demand for gold
has been promptly met by the Treasury,
and yet. at the close of business Chris,ma> :
eve, it has in the i&hborhood Of sl5,-
900 900 more gold than as on hand last
July, and states his belief that he can get
all the gold that may be wanted without
reserve fund in the Treasury.
The Secretary firmly believes that the
financial furry will result in some silver
legislation soon after the holidays; but.
although himself strong advocate Of the
outright repeal Of the present silver law
he is certain that a bill providing for its
repeal. as that of Senstor Hill does, can
not be passed by the Senate, because those
who favor the free and unlimited coinage
Of silver will to man vote against 1t.
He thinks that Senator McPherson's reso-
luton providing for the suspension Of the
purchase of silver bullion under the pres
ent silver law, which will be called up As
soon as Congress comes together again, or
q similar one giving the President dis
OF silver bullion whenever and for as long
as he may think beneficial to the public
interest, can be passed. because he has had
assurances that number Of free coinage
Senators will not vote against PROPOSE
tion to suspend the purchase Of bullion.
should the suspension be made discretion
ary with the President it would be safe
TO say that no more bullion would be pur-
chased by this administration, and that
none would be bought by the Cleveland
administration.
opinions about this financial furry, and.
Ike those usually entertained by that
gentleman, they strike out from the shoul-
der. He says: 1T is a manufactured ap-
prehension. There was never more or
better money In this country than st this
time. There was never more Of every
thing in the hands Of the people every
where to produce money than now. The
monometsllists who want to make point
against bimetallism In the failure of the
international conference TO agree on some
nj ban h, iaia . b.
powers represented were instructed 80 70
do; the cotton and stock gamblers, who
wish to make point against the pi opposed
anti-option Legislation; the bears who
want to buy cheaper stocks. and others
generally who delight In protiling by the
calamities Of all except themselves. may
try to use the cry OF undesired legislation,
Of large gold exports and the reduction Of
the heretofore boarded gold surplus and
ts distribution among the people to help
sustain the enormous and constantly in
creasing business of the country, to create
general di,trust for their own advantage,
but they will fail There will be no panic.
What We most need in this country is a
little more pluck and self-reliance, particu-
to regulate our fiscal policy for their own
advantage"
There are surface indications that the
much advertised Cleveland. Crisp hght il
off, and that the Speaker. who also hopes
to be Speaker Of the next House, has
donned Cleveland collar. These indica-
tions may be erroneous-indicatlons often
are, not only as to the weather. but as 70
everything else-but they certainly exis,
in Washington at this writing
Mr.. Blaine's condition has steadily i'm.
proved for several days and hopes are no v
entertained that he may eventually pull
through his present illness. II good
wishes can keep a man alive he will Ger.
tainly live, for he has them from every.
body
The Democrats of Washington are hav.
| ing regular monkey and parrot time over
| the committee which has charge Of the ar
rangements for Mr.. Clevelauds inaugura
tion. About half Of the committee ap
pointed by chairman Harrity, OF the Dem
ocratic national committee, have resigned
and the fight is still going on, while moth
ing has been done towards arranging fol
| the Inauguration. The trouble Is that ths
Democrats regard prominence on this com
mttee as giving man the inside track il
| he 70 20 for nNSca
Impecunious Democrats who send te
Washington for copies Of the U. S. Blue
! Book without enclosing the price, 81. 40
are being disappointed by thousands
Each Congressman receives a few copie,
gratis. but the Democratic Congressmer
have long ago distributed their allowanc,
and begged all Of those issued to Republi
cans. Further supplies will have to b,
paid for
The President spent Christmas at tn
White House very quietly, and this weel
he will probably 60 on short hunting
trip to Chesapeake Bay.
Savings Of Our Neighbors,