The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1895-07-05
WASHINGTON.
from our Regular Correspondent.
WASHINGTON, June aS, 1895.

axes any stock in the predictions
being made in some quarters concern
,ng the probable early run that will be |
made on the gold in the Treasury,
now that the bond syndicate has made
its last payment on account OF bonds
purchased. On the contrary, members
of the administration consider the out
look very cheerful. The Treasury
now has little more than 100000,
600 in gold, and officials do not expect
that amount 10 be materially reduced
during this year, and their confidence
has a solid foundation. Gold only
goes to Europe when somebody can
profit by its shipment. The season
for the shipment of our agricultural
products to Europe is now almost
open, and those shipments always
make the balance of trade in favor of
the United States for time, and if 1t
does not bring us European gold 1t
gives us gold balance over there
which prevents our having to send
any gold over for some time. Besides,
unless all the big financiers are mis-
taken, the demand for American Sc
curities of all kinds is once more on
the increase in Europe. The unload
ing of these securities by European
holders has been one of the reasons
for sending American gold to Europe.
There is no good reason for the dire.
full predictions which have followed
sensational statements as to the reason
why the bond syndicate made the last
payment on those bonds this week,
instead of waiting until next October,
as their contract allowed them to do.
The matter was probably closed at
this time because the syndicate found
it convenient to do so, and it is non
sense, in the opinion OF Treasury off,
cials, to say that the syndicate has
designs upon the gold it has paid into
the Treasury.
Secretary Olney is thinking very
seriously Of applying competitive ex,
animation methods to the U. s. Con-
sular service, so far as their nomina-
ton to office is concerned, Of course
they would have to take their chances
of being confirmed by the Senate after
passing the examination and getting
nominated. 1t is admitted by all
travellers that the longer a consul
remains in office the more useful he
becomes to the country he represents
and European governments never
think of removing consul, except fol
cause. Secretary Olney, in addition
to the examination Of consuls, would
like to see the service placed on
permanent basis, so that young mer
would take it up as life career.
Much significance is attached b.
republicans to an interview with Rep
resentative Cannon, of Illinois, whlcl
was published in Washington thi
week. 1t wasn't what Mr.. Cannon
said that attracted attention, as hi
talk is not considered importantly
does too much of it, but what h
didn't say. He occupied nearly !
column discussing the Presidentia
possibilities Of his party, mentionin
Reed, who he is supposed to favor
Mckinley, Allison, Morton, Cullor
and even " Cush" Davis, but leaving
out Mr.. Benjamin Harrison, notwith
standing that gentlemans recent a
tempts to have himself considered tn
leading candidate for the nomination
As Mr.. Cannon has just returned fror
an eastern trip his interview may b
part of plan of the Reed men
kill the Harrison boom by ignoring l
Great interest is felt in Washingto
in the change of administration
England, because of the bearing
may have on the silver question
this country. Lord Salisbury, th
new premier, is friendly to silver an
Mr.. Balfour, a member of the ne
cabinet, has a parliamentary recol
as bimetallist Of the most advance
type. 1t is natural therefore that hop
should be INDUCED that Englan
might change her policy of oppositio
to silver and join In movement II
international bimetallism. 1t is ju
as well, however, to remember whe
indulging in such hopes that
England the national finances ha'
never figured as an issue in polite
and that, unless there is radio
upheaval of precedent, the person
opinions of Lord Salisbury and NJ
Balfour will not be sufficient to chan
the financial policy of that COUNT
1t is quite certain, however, that
the coming parliamentary electio
shall result in favor of the conserv
tive party, to which the new cabir
belongs, that strong effort will
made by the silver men of Euro
and America to get England to {
clare in favor of bimetallism. But
previous efforts in that line have be-
baked by the mighty influence of t
financiers of Lombard street, W
Al of. al