Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1893-04-24
TROUBLE IN CABINET.
The Cabinet Question Brings About a Lively
Row in That Body

WAsniSeroN. April Washington air
has been and still is full of rumors of Il
cabinet crisis row between President
Cleveland and some OF his official family
and the determination of Secretary Carlisle
10 resign at once
No one of the rumors could be verified
last night. but this fact does not make il
certain that they are altogether without
foundation
The man who is credited in the street
talk with having put the President and his
secretary of the treasury at odds is Conrad
n, Jordan, assistant treasurer of the | nitcd
States
His visit to Washington after Secretary
Carlisle's statement hal been given to the
press, his talk with President Cleveland.
bis second visit to the White House yester-
day morning, followed by a financial dis
cussion in cabinet meeting, and then the
long threatened intrenclment upon the goll
resere fund of the treasury are the causes
Of the rumor, and the facts upon which the
assumption has been based that Secretary
of the Treasury Carlisle has been ''turned
down" by his subordinate, Assistant Treas
urer Jordan.
Whatever influence Mr.. Jordan may
treasury situation, there seems to be little
doubt that in continuing the redemption of
coin certificates in gold after the limit of
free gold had been reached, Secretary
Carlisle executed change of front in the
face of the enemy.
If his statement to the public, Thursday
night, meant anything definite, financers
and politicians here say that it meant that
h., ato 81
gold reserve was reached
During his talk with the President, Mr..
Jordan. it is understood gave the assur-
ance that the New York bankers stand
ready to assist the government with all
their gold resources in maintaining pay
ments on a gold basis.
The President it is reported, personally
gave the order to intrench upon the gold
reserve, being led to take this action chiefly
by the fear that if certificates should be re-
deemed in silver the claim would be at
once raised that the United States had
adopted the silver standard, a report that
might seriously impair the standing of the
government in foreign money matters.
At the cabinet meeting MIR. Jordan pre-
serted very strongly the opinions of the
New York bankers, which they had i'm
pressed on him, to the effect that it would
be dangerous in the extreme to stop paying
gold for Sherman act treasury notes as pnt-
ting the treasury practically on a silver
basis in the eyes of the world.
lie brought the strenuous denial Of the
leading New York bankers of the state
meits which have been made to President
Cleveland and Secretary Carlisle that there
was conspiracy among the bankers or the
brokers to deprive the treasury of gold and
TO force an issue of bonds and he backed it
up with his own opinion that the gold ship
ments were due almost entirely to natural
causes.
In view of the assurance of the New
York bankers, it was determined to go on
pay ing out gold as long as gold could be
had in the hope, of course, that the New
York banks would replenish rather than de-
pleie the gold reserve.
il is understood that the decision was not
unanimous Secretary Carlisle is said to
be of the same opinion still as to the re-
demption of the Sherman act treasury
notes in silver, now that he has gotten
down into the reserve which he holds to be
intended for the redemption of greenbacks
only. This is, of course, what he meant in
his authorized interview when he sad that
he would continue to pay the Sherman act
treasury notes in gold as long as he has
gold lawfully available for the purpose
However. he has yielded his own opinion
in Difference to that of the President, who
was more impressed by what Mr.. Jordan
said than was Mr.. Carlisle, and will carry
out the decision made at cabinet meeting,