The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1893-05-03
wAsHlNGToN LETTER,


Hurrah for the democratic administration
II has proven itself to be the master. not the
servant. of Wall street. and the government
still lives, and the Treasury continues and will
continue to pay out gold. to all who may desire
IL for Treasury notes. greater financial
triumph was never. achieved by any admins
tration. 1t marks the beginning of new era,
inIwhich the President Of the United States
and his Cabinet will dictate our national fnan-
ciaI policy, instesd of having it done from
Wall street, as it has been done already too
long for the good of the country. The Wall
treetcrowd invited the knock-down blow they
received. Seeing that bankers all over the
country were following the lead of those of the
South and west in furnishing the Treasury
with gold the Wallstreeters got together and
formulated proposition in which they agreed
to furnish the Treasury with from $50, 100000
to $50, ,O0O.0OO in gold. but the proposition had
string tied to it in the shape of a prsviso that
bonds should be issued for their gold -
Other bankers turned their gold into the
Treasury without question, because of their
confidence in the government. which they
thought in need of the gold to tide over tenn
porary difficulty, but the w all street shylock
wanted their pound of flesh in the shape of in
terest on the bonds to be issued before they
would turn loose the gold lying idle in their
vaults. It did not take President Cleveland
and the Cabinet three minutes to formulate an
indignant refusal. which was wired to New
York. Later. another proposition. less exact
ing. was received. but it also was promptly re-
jected. 1t must BY this time be evident to even
the most obtuse observer that the financial
motto of this administration is, - No Wall
street domination
die off 4 hot Il mn
der the circumstances, satisfactory, and if the
offers OF gold continue TO be as freely made as
they have been for the past week it is believed
that there will be no necessity for the issue Of
bonds ahd even if the demand for gold shall
continue to increase, the reserve fund. at pres
emit iutact, will be exhausted. before bonds
viii be issued. President Cleveland and Sec.
rerary Carlisle are both fully determined that
no bonds shall be issued until it shall have
been tully demonstrated that nothing else will
sarnish the relief needed. and many believe that
if that shall be shown the matter will be sub
mitted to Congress at an extra session, before
the bonds are issued.
Secretary Hoke Smith is the only member CT
the Cabinet in the cIty, ,snd he mas just returned
from New York, where the entire Cabinet and
the President took part in the big naval review
yesterday. The President and the other mem
bers Of the Cabinet, except Secretary lamont
who Is compelled by private business to remain
here for several days. will go direct from New
York to Chicago, to take part in the opening OF
the Worlds Fair. Secretary Smith had to miss
the trip to the Worlds Fair because OF some
pressing Indian business that demands his i'm
mediate attention.
The second chapter in the investigation OF
the Weather Bureau opened with stormy !.
row between those two good republicans, ProI. .
Harrington, chief of the bureau, who is being
Investigated, and Assistant Attorney General
Colby. who is conducting the investiga tion.
The evidence taken up to this time fully bears
out one of the char ges-that incompetent en-
ployes were retained after the chief OF the
bureau knew they were incoT petent
Congressman Caruth, of Kentucky. carries
very broad smile just now. One OF the reasons
of the unusal breadth of that smile was the
selection of his brother. George W. Caruth. ed
itor of the Little Rock (Ark,) Gazette. to be U.
8. Minister to Portugal.
Among the other important Presidential
appointments made this " eek were those Of ex-
Congressman Mckinney, of n. H, to be. Minis
ter to Columbia; ex.Congressmah Thompson,
of CAL, to be minister to Brazil ;ex- Congress.
man Wiley, of N. Y, to be consul at Bordeaux,
FIR ance. and the following weli-known gentle
men to be Government directors of the Union
Pacific Railway Company: Mr.. Henery +. Dim
och, of N. Y. Hon. Don NJ. Dickinson. OF
Mich. Mr.. j. W. Doane. of Ill.,; Gen. Fitzhugh
Lee, ofva., and MIR. Joseph W Paddock. OF
Nebraska. No more appointments will be
made until the Presidents return from the
Worlds Fair. which will be next Tuesday
night unless the present program is changed.
Nearly all of the prominent officials went
over to New York this week to see the interna-
tional naval review. the largest affair Of its
kind that has ever taken place in American
waters, and they are all glad they went, for
they saw what none Of them will probably ever
see again.