The Southern herald., 1893-04-28


ing himself 20 Be ths fiZst man 10
The right place. He has net allow
ed himself TO become aB1ious or
excited duIine tie financial fairy
Of The week, brought about, as be
afmly believes, By a combine Of
bankers who are seeking BY re-
ReWei demand for gold for ship
ment abroad 10 force an issue Of
bonds. So firm is the Secretary in
his belief that this is true that he
but positively, declined
TO accept an invitation extended
him by New York city bankers TO
meet them in that town for the
purpose Of discussing the gold
problem; he also, when il was sug-
gested to him that the bankers
would come to Washington to dis
cuss the matter if he would invite
them, declined to do so. For the
U. S. Treasury to be run entirely
independent Of Wall Street men is
something decidedly new, and CON-
pliments tor Secretary Carlisle are
heard on all sides, from republicans
as well as democrats. One gentle
man "a personal friend said: "Seere-
tary Carlisle believes that Wall
Street bankers have had entirely
too much TO say in the conduct Of
the financial department Of the
Government in the past, and that
they are largely responsible for the
present situation. Consequently
he has no idea Of taking them into
his confidence as to what he intends
doing. lie proposes giving them
a needed lesson by showing them
that all the financial ability is not
cOngregated in Wall Street, and
that they cannot dictate the coun.
try's financial program. The firm.
ness Of Secretary Carlisle against
an issue Of bonds has already
brought about a better condition Of
affairs, and it is believed that il
those who wish to compel an issue
of bonds become convinced that
none will be issued, the demand for
gold for foreign shipment will soon
resume its normal condition. The
outlook is now considered much
better than it was at the beginning
of this week.
Attorney General 0lney has ap-
parently been selected as the target
at which to fire every slander and
lie that is hatched up by the gutter
snipes of the opposition and the
sensational press. One Of the most
audacious of these was the one
which purported to give in detail
the particulars Of Representative
Wilson, of West Virginia, being
snubbed by the Attorney General
in the office Of the latter, which
was published at a time when il
was known that Mr.. Wilson would
be where he would not be likely to
see the story until it had had about
two days publicity, and worse than
that, some Of the papers that print.
ed the lie neglected to print Mr..
Wilson's unqualified denial, which
was telegraphed to them as soon as
he read the article. The Attorney
General, like the dignifed gentle.
man that he is, quietly performs
his official duties, just as though
the barking ours did not exist.
PresidentCleveland andSecretary
Gresham have been investigating
the working Of the much-talked
about reciprocity treaties made. uu
der the authority Of the Mckinley
tariff law, and it looks now as i
they were one and all failures ant
that they will have to go. Thos,
with Brazil and with Spain forCubt
and Porto Rico will probably be tn,
first TO be abolished, as there hay,
been numerous complaints abou
the manner in which the custom
officials Of those countries hav,
violated the treaties. Tables pre-
paredat the State Department shov
that the whole system has been
failure, and that instead of increas
hing the market for American pro
ducts, there has been, in severa
countries, a marked falling off il
our trade since the treaties wen
into effect. The President believe
that a conciliatory policy toward
our neighbors will result in mucI
greater commercial benefit. to IL
than the policy of reciprocity b
coercion which was practiCed b.
the Harrison administration.
Many statements, some of then