Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1895-08-10
WASHINGTON LETTER
Heavy Withal of Gold-Presidentia Pos
si6ilities Blackburn's Deal is OFF.
htFrom Our Regular Correspondent

blErom Our Regular Correspondent
WASHINGTON, ID @ Aug 3, 1898.
The American who can hear the
Treasury oflici als talk about the gold
reserve without experiencing a sense
OF humiliation has n queer make up.
These officials never refer to the Secre-
fary OF the Treasury nor the admins
tration, as having the power TO keep
the gold reserve intact, but always TO
their reliance upon the power of the for
eign bond syndicate to protect the gold
reserve When asked about lastweek's
heavy withdrawal IF gold from the
Treasury these officials say, "Oh, that's
of no Importance They then proceed
To inform you that the foreign bond
syndicate would have prevented the
withdrawal of that gold had it deemed it
necessary to do so. and have the gall
To add that the foreign bond syndicate
has since last February lived up to its
contract and protected the gold re-
serve Do you understand what that
statement means2 Illuminating as it
is. it means that the democratic adj
miDistration. convinced of its own lack
OF financial ability. paid the foreign
bond syndicate $l0,000,OOQ-the profit
on the bonds sold to the syndicate-to
& larantee the protection OF the gold
Z, reserve in the u : Treasury from Feb
ruary 60 October. and, instead of being
heartily ashamed of the disgraceful
DEAL democratic officials actually
gloat over it and constantly express
their satisfaction over the bought pro-
lection they are enjoying. Secretary
Carlisle felt so secure that he has with
his own and one of his sons families
gone on a iunket through the Great
Lakes, on government light house
tender. It is fortunate for the country
that only two months will elapse from
the expiration OF this dearly bought
y and disgraceful protection'of the Unit
ed States Treasury and the meeting OF
Congress Republicans have never
found it necessary to pay foreigners 60
maintain the credit of the u. 5 and
never will.
The Allison boom was brought to
Washington day or two ago, by Hon.
j. n, Baldwin, of Council Bluffs, Iowa,
who is good talker, and who has it all
liked, in his own mind. He said: Il
expect to see Senator Allison nominal
ed and elected President. His 80
years experience in Congress his
SJthoEough knowledge of economic ques-
tiork Ibis familiarity with tariff and fl
nance his broad guaged ideas and con-
sentative stand on all the great issues
of the day pre-eminently fit him for the
great office Up to this point any
good republican will agree with Mr.
Bald win, but in what follows many
will not: "Mr Reed is too far east
Gov Mckinley represents a too ex-
treme view of protection Gen. Harri-
son has had his turn and acquitted
himself nobly, but il isn't in the bool
OF destiny for him TO inhabit the White
House again. So it is apparent that o.
all the distinguished mentioned Sena
tor Allison takes precedence by reason
of his superb qualifications and hi:
availability" No republican would
lVdging from what those who come t.
Washington have said. object TO Sena
'r Allison as the party's candidate
ut with the exception of Mr.. Baldwin
pne of them have credited him will
~ chance for the nomination, excep
the event OF "A deadlock between
ose who will enter the convention
tn more votes His whole strength
rs in his being an ideal compromis,
pdidatei but suppose no compromis,
eeded
hat deal between the administra
h and Joe Blackburn is very mucl
Blackburn broke il up, but hi
tiends say that it was because h,
dOund out that the administration wa
trying to keep his mouth shut b,
trickery. while it was steadily plotti n,
TO prevent MS being returned Co tn
Senate. According TO the best obtain
able Information it is to be war TO tn,
death from this time on. Blackburn i
bitterly denOuncing the administra
ton from the stump, and more deter
\ mined his hsiends\ say, than ever il
ms preference for aNrepublican rathe
than Cleveland democratic senate
81 from Kentucky.