The Dalles daily chronicle. [volume] (The Dalles, Or.) 1890-1948, 1895-02-19
WASHINGTON Letter.
F1om our regular correspondent.


WASHINGTON, Feb. 15, 1895.
Representative Walker of Massachu-
setts is by no means alone in thinking
that Mr.. Cleveland deserves impeach-
ment for his share in that contract for
the sale of bonds to European synd1-
cate, and were it not for the nearness of
the end of this congress some steps
might be taken with that end in view.
The attempt to keep the terms of that
contract secret has but added infamy to
the contract itself. Under that con-
tract the European syndicate will get,
it is estimated, 8 per cent-probably the
largest profit ever made on like issue
of bonds of a solvent nation-proft on
the $62, 400, 600. of 3I per cent bonds,
for no one expects the apparent activity
in congress to result in changing the
nature of the bonds issued, besides an
option on any other bonds issued pre-
vious to October 1, 1895. The senate
finance committee has reported a bill
for the unlimited coinage of silver, the
government to retain the difference be-
tween the amount OF silver in each dol
lar and dollars worth of bullion on the
day the bullion is deposited at the mint,
as seigniorage, but it is not certain that
its opponents will allow it to reach a
vote. The house committee on ways
and means has reported resolution au-
thorizing the issue of 8 per cent gold
bonds in place of those sold to European
syndicate, but it has absolutely no
chance to even get considered by the
senate, to say nothing of being adopted.
Thus it will be seen that nothing will be
done by congress, and that the enor-
nous profits of the European syndicate
are, thanks to the contract drawn by
Mr.. Cleveland's old law partner and ap-
proved by Mr.. Cleveland, safe; and the
people will have to foot the bill.
The thirtieth anniversary of the Loyal
Legion in the District of Columbia, and
the eighty-sixth anniversary of the
birthday of Lincoln were jointly cele-
brated by banquet under the auspices
of the Loyal Legion. Hon. George R.
Wellington of Maryland spoke to the
toast of Abraham Lincoln, which was
accompanied by the following senti-
ment:
Statesman, yet friend to truth; of soul sincere;
In action faithful and in honor clear;
Who broke no promise, served private end;
Who gained no title, and who lost no friend.
Among the other speakers were Senators
Manderson and Hawley, both members
of the legion. The Union Veterans
Union also fittingly celebrated Lincoln'E
birthday.
It is positively stated by those who
ought to know that the principal reason
why the correspondence between ex-Sol
icitor General Maxwell and Attorney
General Olney, which led to the formers
resignation, has not been made public i!
that it would raise question of vera
city between Mr.. Olney and Secretary
Carlisle, which would be bound to re
suit in the retirement of one or the
other from the cabinet. It is under
stood, and has been for long time, tina
Mr.. Cleveland would be very glad to ge
rid of Mr.. Olney, but that he fears hin
too much to attempt to force him out
Mr.. Olney is credited with being th'
only man in the cabinet who has hi
own way, and it is said that upon occa
sions he browbeats Mr.. Cleveland in (
terrible manner, and doesn't Away
wait until they are alone to do it. 1
isn't Mr.. olney himself that Mr.. Cleve
land is afraid of, but the forces which
are behind him-corporate wealth.