Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1895-02-01
Washington Talk.

That there is a conspiracy in ex
stence to make money cut Of The
condition Of The Treasury is be
leved by many men III boil
branches of Congress. Natur-
,llv members CT the administration
will not express their belief upon
.uch a matter. The idea Of thr
,onsrirators Is understood BY
hose who believe in their existence.
to withdraw geld from the
Treasury and hoard it until gold
an by its scarcity be forced t.
premium. Your correspondent
ioeH noA undertake to make th'
,osi.iyo statement chat thoie is .
onsriyrcy, bat the facts ere sucl
) to justify tAc suspicion that
here is. 1t is known to certain
y that The Legitimate demand fol
5old----to pay debts and for rur-
;haSe3 IN Enrore-could have been
net with less than one half Of the
;o,l that las been recently with
raw from The Treasury. It is
perfectly clear that more than
me Lalf Of the gold Withdrawn is
iov boarded in Tie vaults Of banks
md safe deposit companies. Why?
It cxn earn nothing Tor It's owners
While thus lying idle, and the meli
who are credited with doing The
BOARDING are men who always cx-
ed aproft cut Of all their fuan-
ial transactions. There is ouly one
say they can make profit cat q
,his one, end that is to force gold
0 premium. That's Why So
many believe they are doing that
cry thing, or at least trying to d
/. Can Congress Go ANYTHING to
lead Of such a conspiracy? 1t un-
.uastionably can, but Will it DO so:
That is a question easier to asI,
han TO answer. II there is such
/. conspiracy. 1t exists solely be-
ause of the belief Ct its members
nat Congress will de- nothing to
prevent It's operation being success
'ul. President Cleveland and
secretary Carlisle are thoroughly
llert, ara they Will not allow gold
o 90 to rremium if it be possible
lnder the authority vested in them
| BIZ present laws to prevent it, by
issuing more bonds, and they are
both satisfied that it will be, al.
though they would much prefer
Congressional action.
Senator Faulkner. who is chair
man Of the committee on Terri
tories, is anxious to get lie bills fo1
the admission Of Arizona end New
Mexico before the Senate and hope!
to be able to do so in a few days
Those bills would have been Passe(
long ago, but for the secret oppo
sition Of Republican, Senators
who lack the courage to openly
oppose the admission Of those ter
ritoriea, but make use Of ali theiI
parliamentary skill to kill the blk
indirectly, by preventing thei
being acted upon.
Secretary Carlisle succeeded il
getting the House t. adopt two
important amendments to the Sur
dry Civil appropriation bill. TL'
first restores to the Secretary O.
the Treasury the discretion to ISSUE
notes of such denominations as h.
may deem best in place Of currency
presented for redemption. A
present he is compelled to REISSUE
notes of the same denomination a.
those redeemed and cancelled
The other, which amends the Law
for the issue of gold certificates
provides that such certificates shall
not be receivable for customs due:
after July 1, 1895, and shall not b'
available for use as a part CT
, National banks reserve fund anc
discontinucs their future issue.
The tariff receipts Of the govern.
ment are rapidly increasing thus
! furnishing an answer to the argu-
ment advanced by Republicans
that the tariff would have to be
amended in order to produce more