The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1895-05-18
WASHINGTON LETTER.
From our regular Correspondence

Treasury department.. but he la! to
smile when die story reached ash
ington that the popuii>t> we're making
campaign material out Of the alleged
alarm OF Treasury officials II the pns-
chase of gold bullion from western
miners hy the syndicate which pnr-
chased the last Issue Of bonds. This
silly story went on to say hat It WAS
the purpose of the syndicate TO make
a corner in gold and after the prize
had been forced up to make IL raid on
the gold in the Treasury and force
another big Issue OF bonds to iepfenisll
it. There never was Il more ridicu-
Ions story colicucted upon /. basis
partially true. It has been well
known that the syndicate mentioned
has been buying gold frem western
miners for the last two months. bnt It
has also been equally well known
that it was bought in order that the
syndicate might live up to its contract
with the government, which called for
the turning of so nucl, gold into the
Treasury within ii certain HeTiod.
There has been no alarm on the part
OF the Treasury officials simply be.
cause there has been nothing to be
alarmed about. The reason why the
gold vas bought frem tie western
miners was that the premium at which
it could be bought MAS less than 1t
cost to ship it from Europe. thus
making its purchase over here profit.
able to the syndicate. The contract
with the syn0lcate stirulates that one
half the gold paid into the Treasury
for the bonds SHALL come +, ON Europe
and the contract has MP TO this time
been kept to the letter. The last
pay ments will not be due until next
October.
Ex-senator Butler. of South Carroll
ma, who made many warm friends
during his eighteen years service in
the Senate, left Washington, with his
family, this week. 70. his home. He
says he Is now ont OF politics and does
not again expect to take an active
part, but those who know him best
say it will be simply au impossibilitv
to keep him quiet when there is fight
ing goin on.
Many shrewd observers believe that
with more prospectus times there will
come IL radical change III the sent;-
ments of a majority of those who now
advocate the free coinage of silver
because they believe almost any
change must be for the better. Fo.
instance, two democrats from widely
separated states-judge Montgomery,
of Mich, and Judge Berry. of Ca
nh. t -, l IN.
this week, thus diagnosed the silver
case in their respective states: Judge
Montgomery--"I think the republi-
cans of Michigan are fully as mucii di-
vided on the silver question as the
democrats. Some of the most %infinen-
tial men in the republican party out
there are thoroughly imbued with the
free silver sentiment. My OWL belief
is that we have seen the maximum ag.
itation on that subject. [ do not
think it will be Il factor in the Presi-
dental election next year, and do not
expect either of the great parties to
make any declaration as to silver
coinage. affirmativeiy or negatiyely.n
Judge Berry says: at looks to me as
though a great portion of the southern
people had gone crazy or silver. |
guess they will get over it in time and
will wake W some day to a realization
of the folly ofsHch Il policy. Of all
the people III the t. 5. the so%uthernels
ought to stand most ~intlexibly in ia
vOr of a sound currency. They don't
mine an ounc OF silver and their chief
product, cotton, is valued on Il gold
basis on the other side of the Atlantic.
At present the silveriies are bowling
with the same fervor that the disciples
OF the old green back doctrine display
ed. bat u year from now under the
quoting influence of better times their
ardor may be ahatetl and the move
ment may die ont as completely as the
fiat money craze did.
Tie completed model of tie eqnes-
TRAN statue Of Gen. Winfield Scott
Hancock was exhibited to-day to !;
number OF prominent people, in the
studi" of Mr.. II. J. Ellieott. the sculp-
tor selected by the Commission charc-
ed BY Congress with the duty of SUI
perintending the making and erection
of the statue. The model made an
excellent Impression on those who saw
it, the likeness il face and figure Of
Gen. Hancock being especially COM
mented upon.
President Cleveland is uncertain as
to when he will leave Washington for
the Summer. lie would like to go to
Gray Gables when Mrs. Cleveland and
the children 90. which will be in the
nelglborhood Of the inst of June, but
it Will depend entirely upon circum-
stances whether he does.
Secretary Gresham has so far recov-