Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-12-03
HAS A DIVISION OccuRREGP
THE FINANCIAL QUESTION cAts-
ING TROUBLE n THE CABINET.
Differences OF Opinion rs 10 ITS
Treasmsnt-rhe President wants
Action, hut some Of His Advisers
Suggest a Proerastiuating Policy.

Washington. Dec. e.--Now that the
treasury is practically In possession OF
lts coveted si0.ooo.ooO Of gold. and tenn
p5rary relief from the governments
financial embarrassment Is in sight.
the administration is turning to the
question, what is the next thing 10 be
done to maintain the public credit and
solve the financial difficulties which
face the government? It IS well I'M
derstood. of course. by everybody, that
the new Influx OF gold into the treasury
is but makcshitt and has no perma-
nent bearing upon the preservation Of
the gold reserve. the maintenance OF
which IS deemed necessary FOR the up
holding Of the national credit. No one
doubts for a moment that the sisminu-
lion OF the reserve Will begin immedi-
ately. II Is believed by many that a
large portion OF the proceeds from the
sale OF bonds will be used for current
expenses OF the government, as there
Is nothing 10 hinder, and II Is known
that the government Is behind In It's
payments and holding back from en-
tcrinE into contracts authorized by law
because OF lack OF cash. The duea-
ton which the administration now feels
called upon 10 solve Is, how TO amend
the situation so as to provide against
a recurrence OF the conditions existing
at the time OF this bond sale, TO pre-
vent the necessity of another Issue OF
bonds, and to place the fiscal affairs
Of the government upon a permanent.
stable basis.
The imminency Of the question has
developed the fact that there Is a pro-
ndunced disagreement between the
president and his cabinet. or rather
ii Inn .af 10 l.Is 81.
Oh OF solving the question, arising
perhaps. from difference OF opinion
az TO the cause OF the trouble 1t has
long been known that some members
of the presidents cabinet entertained
Nlows upon financial matters diverse
from those held by their chief, but 1t
~ only recently that those members
have arrived at the point OF opeuiv
advocating their own plans In opplsi-
non to the expressed opinions of tho
president. II Is said that the diver
Ecnee OF opinion has progressed so
rapidly that the president and these
gentlemen are now lrrevocably nPert
upon the financial question.
II IL understood that the advise which
10 to be given congress by the :.dmiu-
istrntion is likely 10 be that coming from
o divided household, and that the Imam
clnl factions IN congress viii be itf.rr-
scented by similar factions 10 the prcsi.
dents official family. 1t Is believed
as the situation now stands. tn.t n -
president viii say one thing publicly
10 congress. and that some OF his ad-
vlsers Will privately advise an oppus-
Ito COURSE
From the Information at hand, rhich
necessarily comes from different
sources, but which In this instance Ia
lies III each case, IL Is gath rcd that
the president Is firmly convinced thgt
immediate and radical IN tncn, leylt-
lallon Is necessary. 1t N satl that re-
cent events have led hm 10 believe
that under existing conditions the
maintenance of the gold reserve and
the upholding OF the national credit
" entirely at the caprice, the self In
tercst or the patriotism OF tho great
moneNed men ANA Institutions OF Tho
country, and that patriotism Is an mn
certain quantity when applied in Hnnn.
oiol corporations with dividends 10 nny
Quarterly II II said he believes tbc
Iact has been demonstrated that those
interests absolutely control the nation
81 credit ana nnances through thr bnIy
which existing law gives. '''''
The preside it's lloa ~, neon tIn, ia
Tue lntprmndin 4! hand, thar the pt,N..
ernments financial rinolrt.ss,n1ni,
may be traced % tde ulamor of the NJ
Yer coinage men ana tho lnnntlbni4ts
WIN their denrt Ia for Unlimited ia.ltes
|t vuirthcy, BASED up'a silver r;r,fln.
t9bclher win the opposition TO The re-
urcmont o. 'he currency, ITO ti,f,l.
me country l.ts had 100 nush ~ ,i,,
poicy already, and although tho ~
nehl OF the sherman act gave gnt,,a ~,
her' II was not sufficient for the naces-
sites OF the cnse. His Idea is TO tnlf.
immediate action toward re,nr,r,.',,'t
ilig remedial legislation.
Right here rs where the dlssor,Iu,,
menhers OF his cabinet are said 10 nnrt
company with him. They vr,nt w.,
pnNlpone radical action for awhile fan,,
nv phe eiieotS Of the Presidents "r,,,a
uloi legislAuoh The BELIEF Is weu
,,.'.,'''ps ~ me minds OF many Demo
Gratis OF prominence that the nresiJ,,,
~ approaching closely 10 Tho ii,.,
monomeiAllism aud the Nold stan1a,8
ana that he has decided prernro,,,.,
Tor the counsels Of Eastern tinon,t,.,
over Those or Western and southrrs
party leaders II is Thought 10 ina ,at
"i ~ .opaple thht TINS Impression Is shnf-
advisers. aud that they fenr bis ,,ile
OF remedial Legislation may. he
the party. "nu hle OF
Whether this be true or no, ,h...
IS no doubt that there is strontg f. ILL.,
e a., ~ paN OF some OF the preslri ant's
ADVISERS against being preeIritsf
me handling OF the financial nn9',,,, III
~ this ease REORGANIZATION IA ha,,,,.
mtbeu ~ virtue rather than n so,Is
nhose who advocate this doctrine ciair,
that nothing can be done NOW n, IN
way OF effective legislation ana tbat V c
marin can come from WAITING '' no
II is limited that the prnsido,. -.
comes impatient at suggcs,lons Of S,i,e
holding action and that he glndlv " ,yai-
voines any new argument whieh ~,
ne advanced In support OF his sts,., v ~
prompt and effective action n is"u TO-, ,Sp
i,llnSlal question. He ia sald ~ Gu, ~
me situation which confronts tS, view Wy"
etnments nseal analrs as be, T Coy,
srNNs as 70 warrant laying ssl5s ~. ~
ing unon the basis Of allmsigj ,eVesa-
ililheutl an,drs without regard W IN, .ne
me preservation OF the nae,jnoi ,ss9s,
and ana ne financial prosperity Of S'G NV
y Is not to be understood th., 49,
Nn,V 20 not agree with tho prssISas,i,iosse
AZ nus views suggest placing ns ,g" IN N I
iyies ahove the national w,if,rsS ipl-
,ney maintain that there Il reo., Guy
las