The Cambria freeman. [volume] (Ebensburg, Pa.) 1867-1938, 1895-07-26
Washington Letter.

washinoton Julv 20. 1S95.-When
an individual attempts to break down
another individuals credit by mlsrepre- |
saptino his bnsiuess affairs the hbeled
individual can appeal to the courts ana
nv nroving the liDel nave the hbeler
nI,nisbed. But the United States gov
eminent has no such redress. When
an apparently concerted attempt 10 in
iure the credit OF the government and !
bring on another official panic, such as /
i now being made by those Republican |
newspapers which are printing sensa |
tlonal, and in many instances entirely |
false accounts Of the government : inan-
cial affairs, the government can only /
appeal to the common sense and fairness
OF the people There Is nothing either
alarming or unexpected in the present
condition of the government finances
| As was expected the expenditures during
| the first half of July were largely IN eX
| cess of the receipts. The reason Is OBJ
| viOus. OF the S29, ,00O, 900 which have
| been paid out this month S11 ,OOO,OOo
has gone to pay pensions, about - ,OOO,-
| 600 to pay interest on bonds, including
| those of the Pacific railroads, and more
| than So 900 900 has been paid out un~
| der the appropriations made by the last
! congress. which became available on the
| first of July. Some Republican papers,
| in their anxiety to bring on another
financial panic, or at least stop the re-
vival of business now sweeping over the
country, have gone so far as to say that
the revenues of the government were
falling off. PartisanShIp Is no excuse
for such willful mIStatement as that.
! On the contrary, the revenues are IN
creasing, those for the first half of July
being much larger than the receipts for
the same period last year. The United
States treasury is all right, and likely to
remain so as long as it is in charge OF
| Democrats.
Secretary Smith has gone to Georgia
to make some financial speeches, In
which he Will tell his hearers why he
lost faith in the efficacy of the free coin
age of silver and became an advocate OF
: sound money. He has accepted invita-
tions to deliver three speeches, but, as
his mail was for some days before his
; departure from Washington filled with
1 invitations to deliver speeches IN other
, parts of the state, it is probable that he
. will make more than that while he Is
about 1t.
Secretary Lamont very seldom con
: sents to be interviewed for publication
e he is an old newspaper man, which ac'
4 counts for his stunning notOrity-but he
- made an exception in order to deny the
silly story about nis western trip having
been in the interest of a third term fOl
o President Cleveland. He said: i wa:
: not hunting for ghosts, though | an
told some were about. My trip wa:
purely a business one and l had neithel
inclination nor opportunity to meddle IL
Is politics. About the only people | saw
and talked with were the military anC
|. railroad people. The railroad mel
-. whom | met told me that the OutlOol
was very favorable for great prosperity
> They were about the only ones l had al
Is opportunity to talk with on the subject
g and | presume that they are the bes
as judges"
= By the way, speaking of this thir
term business, which some Republican
p editors seem disposed to make Il stand
II ing nightmare out of, there Is nOthin
j. in it. While an occasional Democrat c
- prominence has expressed a willingness
to support President Cleveland for a thir
3 term, no personal friend of his has eve
encouraged such an idea, and it can /
stated ON excellent authority that he Ia
pS never nlaue a suggestion 10 any lntIlbt
of his cabinet that could be cOnstrue,
even in an indirect manner, to mea
Us that he desired another nomination.
n gentleman who is known to enjoy II
re- presidents confidence said on this sui
To ject: at is too silly te be seriously iii
cussed. / am satisfied that Mr.. Clev
, land would long ago have said that
ge would under no circumstances acce
another nomination had he not thougl
nv it to be entirely unnecessary to do 5
no You may depend upon it that he W
:. stop it quick enough should 1t at al
It. time between this and the holding of Il
of Democratic national convention becon
is evident that a serious attempt was beiI
,Ie made to nominate him again. He
: proud. as he has a right to be, OF Il
"s three nominations given him by Il
ID Democratic party, but if be has al
ambition for a fourth nomination
". closest associates have never discover
l., the slightest evidence of 1t. You ca
not find a single man whose relatio
Vi with him are close who believes that
ed. would allow his name to go before a
ell other national convention" NJ