The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-03-24
THE GOSSIP OF GOTHAM.
WHY No EXTRA SESSION OF CON
GREss Il LIKELY.


in New York that the three men who know
most as 10 the likelihood Of the calling
Of a special session of congress by Presl-
dent Cleveland are J. Piermont Morgan.
the banker, whose brilliant hnanciering
saved the administration at a critical
juncture. John G. Carlisle. Secretary Of
the Treasury. and David b. Hill. who
have such information. There has been
a good deal of speculation as to the
Presidents intentions in the matter and
the determination he arrives at will have
considerable effect on the monetary and
business situations, which is one reason
why the field of inquiry has been mar
rowed. The fact that these men know
so much about it and why, has leaked
out, in view Of the necessity Of taking
numbers of persons into the general con-
fdence. so many interests being con
cerned.
It seems that when Mr.. Morgan and the
President talked the financial situation
last and the present congresses had to be
considered. The fnanciers were under
some apprehension that in case the new
congress was called In hurry-and for
time Mr.. Cleveland was rumored to have
some such purpose-the general confusion
would further unsettle the country :
finances. Thereupon, Mr.. Carlisle was
called in. and the three men arrived at a
tacit understanding that no step of the
sort would be taken until autumn at
4
meanwhile. had been very anxious to
hurry action during the last congress in
order that the situation of the party
might be improved before the country.
and 1t was intimated to him that there
would be no extra session. This inti-
nation was conveyed to him in acknowl-
edgement Of his expressed intention to
help the administration in every possible
way on the floor Of the Senate.
Now these understandings were not
made known at the time because the sit
uation had not, so to speak, simmered
down, and every one was talking Of a
speedy convocation Of the Fifty-fourth
congress. But moments thought con-
WINGED the hnanciers that an extra ses-
sion would set the pot boiling all over
again. in London, where the matter was
thoroughly understood, some anxiety was
caused on this point, and the Rothschilds
cabled over here, as is now well known in
Wall street, for information. They got a
reply to the effect that no extra session
was likely, and that is the reason they
doomed the loan 50 heavily when the pub
lie subscriptions were opened. This ex-
plains what is still a puzzle to many,
namely, the fact that in spite of the dole
full views of this country's financial
standing, the bonds should have shot up
to such an enormous premium in a night,
and actually have outdistanced British
consols in the British capital
The one fact remains, therefore. that
the administration has no intention of
bringing congress to the capital until
the late autumn, and in all probability
not then. That is where Mr.. Cleveland
expects to have his triumph.
Much comment was excited among brok-
ers by the decline in Vanderbilt shares in
London, upon the strength of what is
known over there as a house tip to sell
in a hurry. The fact is that all the stocks
known to have the backing of this power
full family are by no means as strong
as they were before recent events. 1t is
beginning to be felt that the Vanderbilts,
feeling no doubt that they are tremendous
ly wealthy and superior to considerations
that would concern ordinary operators,
are neglecting sterner things for those
social and convivial joys which prove very
tempting, of course, to persons in their
position Added to this is the circum-
stance that all four of the brothers Van
derbilt are abroad thing that has never
before happened since William H. went
to his last repose. In truth, the Van
derbit proclivities, once all in the line
Of strict attention to money making, are
to-day anything but Of such a nature.
Hence the feeling that prompts the circu-
lation of such tips. 1t is said that the fam
lily are now living up to every dollar of
their enormous income and, considering
t1,r off ~ ha1
aces and divorces familiar to contempor-
airy history, they may feel the need of
economy soon. Nay it is whispered,
that Chauncey NJ Depew has dropped a
hint to Cornelius Vanderbilt on the sub
ject, and these wealthy Americans are
understood to be on the point of taking
his advice.
Nobody attempts to deny now that Rus
sell Sage and George Gould differ very
much on the subject of how a vast in
come should be spent. The elderly finan-
cier has viewed with alarm, to quote the
favorite phrase of parties not in power,
the proceedings that have eliminated in
Gould's elevation by several rounds nearer
the summit of the social ladder The old
man, as he is colloquially alluded to when
he is not present, has been declaring that
such vast interests as the Gould proper
ties must necessarily be managed by
subordinates if Georgia is to go in for
yachts and races and the rest, like the
Vanderbilts The fact that George" re-
mains deaf to these croal1ings of the
raven of the wizard of Wall street is far
from satisfactory to that sombre bird and
has resulted in a certain GOODNESS between
the two. Mr.. Sage claims that he must
sit up till the small hours while his pro-
tege reposes on the Sybaritic couch of So
ciaI dreams. Whatever disposition Mr.
Gould may have to abandon such dreams
is rendered imperative by his wife's eager
ness for their continuance. Hence a cold
ness between her and Mr.. Sage that may
have great influence IN the future his
tory of the Gould millions.
The youngest daughter of the President
of the United Staes has been very re-
Gently a subject of absorbing interest
to the lace trade of New York. 1t seems
that Mrs. Cleveland sent on to the metrop-
oils an order for many yards of very ex-
pensive curtain material to adorn the
young lady's cradle. The stuff was for
warded in due &C curse, but suddenly the
order was duplicated in a violent hurry
and on the same day a new cradle was
ordered, with equal haste. When the
merchandise had been shipped and paid
for, still another order for a specially
made cradle and more lace came in a
hurry likewise and then Il curious state
of affairs was made known. II appears