The Lake Charles echo. [volume] (Lake Charles, Parish of Calcasieu, La.) 1876-1898, 1894-11-23
A LIE NAILED.
The President Too Conservative
Ia GaEsiRg IL a Silly Mis-
atatememt.
JOHN AND GROVER CHlIMMY.
The Report that Mr., Carlisle and the
President We're at Outs, Emanated
from Some Hair.Brained
Puny Idiot.

For several weeks the Washington cor
respondents Of several New York papers
have been sending ont dispatches to the
effect that President Cleveland is not on
good terms with Secretary Carlisle and
arranged for the new issue Of bonds with
out consulting him, says the New Orleans
States, IL was further stated, that Mr..
Carlisle was sore over the snuh he had
received, and it was quite probable he
would retire from the cabinet, and make
room for Hon. VIM, Il. Wilson. These
reports have annoyed President Cleye-
land very much and no gave to the Asso-
ciated Press an emphatic denial, and re-
feTred TO the stories as ia batch Of silly
mlsstatements,p He also took occasion
to say that there have never heen any
differences between hinselfand Secretary
Carlisle regarding the administration Of
the affairs of the Treasury Department,
but, on tho contrary, Mr.. Carlisle and
himself have been IN perfect accord re-
garding the issue Of bonds,
The president went further and paid
Mr.. Carlisle handsome compliment, BY
saying that he would be much afflicted,
to use his own words, were the secretary
Of the treasury to contemplate giving up
a position in which he is doing so much
good far abe country. Referring TO the
report thai no was working on financial
scheme, the president also said IL
such a scheme is presented, IL will be the
work of Secretary Carlisle aud shall en-
lorse and support it.P This plain and
positive denial of the president that he
aud his secretary Of the treasury are at
outs, will, it is to be hoped, nail the lies
which have been circulated, for what
purpose no one seems to know.
Aside from his personal attachment to
Mr.. Carlisle, the president Is well aware
that he is one of the ahlest men that have
ever been at the head Of the treasury de-
partment, and has administered its affairs
with eonsummate skill and ability in the
face Of great difficulties When Mr.,
Cleveland retired from the presidency in
1888, be left in the treasury . surplus Of
500, 100000. This was sauandeged durr
ing the term Of President Harrison, and
when Mr. Cleveland was again elected IN
1899, he found q deficit in the treasury Of
$40, 100000 and II was soon realized that
an isspe of,bonds was necessary in order
to maintain the honor and the credit Of
the government. II is q we'll known fact
that just before the election in 1893 See
rotary Foster contemplated an issue 0i
bonds and had the plates made, but after
the defept Of the republican administra-
tion he denied that he ever entertained
such an idea as q bond Issue, but splse-
qHently the plates, together with his let
ter ordering them were found hidden
away IN the treasury department,
The squandering ofthe surplus Of $780,
100000 together with the treasury deficit
and the financial panic, has made y i'm
possible for the government to maintain
the gold reserve without another issue q
bonds, and we are glad to see That thu
ablest fpanciers III the country are ap'
| plandipg the wisdom Of Secretary Gar
| lisle's course, and expressing the opitiior
that The $50,000000 loan, which the gov
ernment nov asks, viii be promptly sub
seribed to, not only in the United states
bnt also in Europe.