The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-30
No Indication that President CIeve-
lands Appeal VIII Be Needed by
His .sWiId Horses"
HIS PLAN ALREADY CHANGED
THREE IMPORTANT AMENDMENTS
MADE BY sPHINGER's COMMITTEE.
Scheme Proposed by Senator Voor-
hees Killed by His FeIIow-Finan-
ciers-Manderson's Proposition.
pecial to the indianapolis Journal.

Special to the Indianapolis Journal.
WASHINGTON, Jan. 29.-Fresh assaults
We're made on the treasury to-day and
tonight the gold reserve stands at less
than forty-eight millions-lower by nearly
five millions than it has ever been since
the establishment of the reserve. The
treasury is completely at the mercy of
the Heidelbachs and the Ickleheimers, of
New York, and Mr.. Carlisle can apparent
ly do nothing but hand out his gold to
them as they demand it. No cessation of
the drain is expected and treasury officials
are now estimating how many days must
elapse before the last eagle leaves the
treasury vaults. At the present rate of
drainage it will be about the end of Feb
ruary when Secretary Carlisle will be COM
PEELED to suspend specie payment in the
sense that the term has heretofore been
employed. AS matter of fact, specie pay
ment in silver would, to all intents and
purposes, be as fatal suspension of
specie payment of all kinds.
Whatever Lingering hope may have been
entertained that the prospect of the early
disappearance of all the gold in the treas
ury might influence the Senate to con-
sent to some legislation other than that
demanded by the free silver men, was
forever dispelled by Mr.. Tellers words in
the Senate to-day, when he scoffed at
Mr.. Manderson's proposition Offering free
coinage of silver if coupled with the au-
thority to issue bonds. Mr.. Teller denied
the existence of a crisis or of an emer-
gency and added that the Senate should
not be taken off it's feet by howl. His
statement that the mere threat of the
President to go to a silver basis and the
announcement TO the New York bankers
that if they wanted pa &c they could have
a panic, is Significant, Coming from him.
1t shows that the silver men on both sides
of the chamber know that they absolute
ly control that body to kill any PROPOSE
ton such the administration bill.
statement made to the Journal correspon-
dent to-day by a prominent Democratic Sem
ator indicates that personal reeling against
Mr.. Cleveland is asserting itself MIR. Cleve-
land has taken all he likes out of the
Jones bill and has rejected all we wanted
and now he expects us to pass it for him.,
he said
Mr.. Teller's assertion that the New York
bankers would avert a panic as soon as
they see it is imminent, is significant from
another standpoint. This feeling of resent
ment against the New York bankers is
steadily growing in the treasury and there
is doubt thai but for Mr.. Cleveland's
assurance in yesterdays message that, in
every event, the credit of the Nation would
be maintained, there would be serious
ground for the fear that Mr.. Carlisle con-
templates silver payments.
The course of the administration bill
in the House need excite no deep interest.
1t the programme of the administration
that Mr.. Springer himself was to-day to
move the reference of the bill from his COM
mfttee to that of ways and means. In
stead, Mr.. Springer calmly retained the
bill in his own committee. He realizes, as
does every one else. that the bill is mor-
bund, and he probably feels that he has
earned the petty distinction of being di-
rector-in-chief of the obseques