Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1895-01-10
WASHINGTON LETTER.
From our regular correspondent
wAsHisGroE. ID. c., Jan : =

H. 4.
General Confusion, General nj
trust and General Disaster are nav.
contending for the control 81 ,ba
democratic majority in congress and
of the administration. Instead !,
returning from their holiday IN !
more united condition the democr...
are, if such thing be possible
wider apart on the financial ouestion
than they were when the recess Al
journment was taken. Debate w.
resumed in the house on the on,
rency bill without any idea of wba.
is to be the outcome. The men WA
ought to be the leaders of the demo
Gratis are in doubt, not only as 10
what they ought to do, but also a. n
what following they will have shonld
they decide upon what to attemnt
Some are advising the holding Of .
caucus, and Others are saying that
a caucus viii only aggravate the az.
listing division. Mr.. Cleveland has
intimated quite strongly that he has
a mind to send special message n
congress, pleading for some patriotic
partisan financial legislation
aud his cabinet is understood to he
divided as to the advisability Of such
course on his part.
The situation has not been i'm
proved by the apparently we'll
grounded rumor that Mr.. ]. Pierpont
Morgan, a New York banker, has
called upon Mr.. Cleveland, as a rep
resentative of the syndicate Of bank
ers which floated the last bond issue.
and formally requested that Seere-
tary Carlisle be dismissed from the
head of the treasury department, on
the ground that he has failed to keep
faith with the bankers, and that he
lacks the capacity to successfully
handle the financial affairs Of the
country. OF course no one expects
this to result in the removal of Sec
retry Carlisle, but it has added an
other complication to situation
that was already entirely too much
complicated.
Republicans in congress had no
hand in making the present financial
middle, and they do not consider it
their duty to take any part in clear
ing up matters. They are at present
merely interested onlookers, waiting
to see whether the democrats will be
able to produce anything tangible
out of the chaos now prevailing. AT
present, although the Carlisle cur
rency bill is nominally before the
house for general debate, there is no
certainty that it may not, without an
hours notice, be succeeded by an
other bill Of an entirely different
nature. When the democrats have
shown what sort of bill they really
intend to try to pass, if they ever do,
the republicans will be ready to
meet it with definite declaration,
something that it is at present use
less to make. Among the changes
proposed to be made in the Carlisle
currency bill is one for the issue of
$500,000000 in 2la cent bonds, to be
used for the retirement of the green
back and treasury notes. 1t is stated
that Mr.. Cleveland has endorsed the
idea, but he has not done so publicly.
Senator Mitchell, of Oregon, thinks
it very doubtful whether the Car
Isle currency bill can be forced
through the house, and says of its
chance in the senate: - do not see
how it could get through the SEN
ate. The plans which have been
presented so far are most unsatis-
factory, and will require thorough
discussion of the best method OF
remedying existing conditions be-
fore any bill can be formulated that
will be satisfactory, and there isn't
time for that
Representative Russell, of Con-
necticut, a republican member Of the
house committee on banking and
currency, does not believe that the
treasury can get any relief from
financial legislation, no matter what
its nature, until the tariff has been
rearranged on the lines of protection
and i sufficient revenue provided TO
meet the needs of the government.
He recognizes, as do most unpreju-
diced students of the financial situa-
ton, that those two bond issues
would have been made even If no
treasury notes or greenbacks had
ever been presented for redemption
in gold In short, that While those
bond issues were nominaliy made to
replenish the gold reserve, they We're
in reality made to meet the deficIt
caused by the new tariff law. As 70
the financial bill now before the
house, Mr. Russell believes that the
administration can force it through
fine house Int he has his doubts