The Progress. (Shreveport, La.) 1892-1900, 1894-12-01
POLITICAL FORECASTS.
INTERESTING: NEWS - P0RTeN0'AG
COMING EVENTS PICKED UP
AROUND THE NATIONAL
CAPITAL.
THE SIGNS OF THE TIMES CLEAELf
REVIEWED.

REVIEWED.
From our Regular Corr. spo'dtnt.I
WASHINGTON, n yember 29.-At
first glance it would appear to 'h'-e
who form hasty conclusions that the
aggregate amount of the bids SUIT
mitted ($l55,0O0,o0N for the $5o'oO'-
600 in bonds which are to be iss'lrd
bv the government was HI lndlcaf1on
that the countr. had large stud! OF
a list of the bidders will quickly sh'"
how fallaciuus such al assumption
would BE-. Thanks to the pers'stency
Of a few of the bidders, the full list OF
those who bid for the bonds WAS made
public as soon as the bids were open
ed, although Secretary Carlisle had
intended that the names should be
withheld from the public until Con-
press called for them with a special
resolution, as it did after the fist
bond issue, and az it would certainly
have done after this one. Among the
bidders. several hundred in number,
there were only nine individuals, I'LL
the remainder being banks, insurance
and trust companies, aid til" agg'e-
gate of the amount desired ty the III
{ diy,dusls WAS too small to be even
considered le than $4,000!
II it any wonder, therefore. that
Conpressmen and other, interested IN
The financial problem, w'lch every
BODY now admits to be the most I'M
pvrant before the country, should he
asking why 1t is that there is $l55,
OOO,OOO-about 81 SO per capita, aud
more than QUE tenth of al the money
said by the treasury to be in circula-
tion- in the hands of these banks
: and corporations which its owners are
anxious to loan to the government at
} from 2 7-8 to 3 per cent, while the
average man whose real estate is
mortgaged is compelled to pay dou-
bic as much, or more, for the uss OF
: money! That this question will be
3 asked in dozen forms on the floor OF
Congress is certain, but that it will
: or can be satisfactorily answered is
Z altogether another matter. That
there is a surplu. of money iu the
t vaults of the rich banks is Just as Ger
}, tain as it is that there il lack of suffi
p cient money in the hands of the peo'
D pie. When this can he equalized the
/, financial problem will have beer
q solved. -
t There is division of sentiment i,
d the cabinet, a. we'll as in the Demo
n cratic party, rs to what fuanc'al Re-
J.. communication the president shou't
o make in his message to Congress. A
q least two members Of the cabinet be
10 lieve that it will be q mistake for tn
Is ,,residert To recommend q fiuaDCiH
IL system in bis message, when b
70 knows that it cannot p ,sslbIy be act
ed upon by the present Congress ALT
B. that it will provoke most bitter oppo
rs sition in bis own party. They hav
Or advised him to merely RECOMMEND
r. that Congress authorize the appoint
ut mpnt by the president of non part
ID san commission, to make q tnoroug
10 inve stlgation Of the subject to be en-
H. bodied i'll report to the presiden
n 1t il said that NJ. Cleveland wonl
K 10 willing to accept this advice
OF although he isn't in the habit OF de-
ing that sort Of thing, if he could b
90 certain that Congress would leay
Dg the appointment of the commissio
81 in bis hands. He fears that Congress
3D. would name the commission, givin
n the silver men too much represent,
III ton thereon. Aud for that reaso
H. vii! probably not make the recon
le- mendation. But it may get befol
ny Congress, for all that, as movems'
has beer started to use it to 6gl
ne whatever recommendation Mr.. CIev
TO- land may make, aud if his recon
NJ mendatiou is wbxt it is expected
TO- be the movement may succeed.
1t. would be good party politics for N
ee. CleveIond to accept the fiuanci
'es commission idea, whatever might
wv. the final result Of It.
'oe The fact that Congressional col
W. mittee which has been investigate
'i'' things in Indian Territory, indepsn
'se emily of the Dawes commission, b