Frederick citizen., 1895-02-01
FROM THE CAPITOL.
Our Correspond ent Talks in Sage
Manner of Things in General
About Washington.

WASHINGTON, Jan. %. Is

lbrOm our CorEeSpOnucnt.I
WASHINGTON, Jan. %. 1895.
That there is conspiracy in exist
ence to make money out OF the condi-
ton Of the Treasury Is believed by
many men in both branches Of Con-
gress. Naturally, members Of the adj
ministration will not express their be-
lief upon such q matter. The idea of
the conspirstors rs understood by those
who believe In their existence, is to
withdraw gold from the Treasury aud
hoard il, until gold can by its scarcity
be forced to a premium. Your cores
pondent does not undertake to make
the positive statement that there is q
conspiracy, but the facts are such as To
justify the suspicion that there is. II
is known to u certainty that the legiti-
mate demand for gold-to pay debts
and for purchases in Europe-could
have been met with less than one half
| OF the gold that has been recently with
drawn from the Treasury. II is per-
fectly clear that more than one-half of
the gold withdrawn is now boarded in
the vaults Of banks and safe deposit
companies. Why? 1t can earn noth-
ing tor its owners while thus lying idle,
and the men who are credited with
doing the boarding are men who al
ways expect u profit out of all their IL
nancial transactions. There is only
one way they can make a profit out of
this one, and that is to force gold TO
premium. That's why so many be-
lleve they are doing that very thing,
or at least trying to do it. Can Con-
gress do anything to head off such
conspiracy? 1t uLquestionably can.
but will it do 50? That is a question
easier TO ask than to answer. If there
Is such conspiracy, it exists solely be
cause of the belief of its members that
Congress will do nothing to prevent
its operation being successful Presi-
dent Cleveland and Secretary Carlisle
are thoroughly alert, and they will not
allow gold 10 go TO u premium il it be
possible under the authority vested in
them by present laws TO prevent it, by
issuing more bonds, and they are both
satisfied that it will be, although they
would much prefer Congressional at
ton.
Senator Faulkner, who is chrirman
ious To get the bills for the admission of
Arizona and New Mexico before the
Senate and hopes to b. able to do so in
| u few days. Those bills would have
been passed long ago, but isr the Sc
cret opposition of Republican Senators,
who lack the Courage To openly oppose
the admission of those territories, but
make use of all their parliamentary
skill to kill the bills indirectly, by pre-
venting their beng acted upon.
Secretary Carlisle succeeded in get
ting the House to adopt two impor-
tant amendments to the Sundry Civil
appropriation bill The first restores to
the Secretary of the Treasury the dis
cretlOn to issue notes of such denomi-
nations as he may deem best in place
of currency presented for redemption.
AT present he is compelled to- Issue
notes of the same denomination as
those redeemed and cancelled. The
other, which amends the law for the
issue of gold certificates, provides
that such certificates shall not be re
celvable for custom dues after July |,
1898, and shall not be available for Use
as Il part of The National Banks reserve
fund and discontinues their further Is
sue.
l6 out OF the q votes which
were cast in the Senate against the
Nicaragua Canal bill came from Dem
ccrats. and IL out of the 81 cast were
for 1t. l3 Democrats were pared.
Opinions differ widely as to tue bill
getting through the House. Only one
thing IS certain, and that is, that 1t
cannot be brought to q vote in the
House without AN order from the ccnI-
mttee on rules. 1t has been stated by
the friends of the bill that Speaker
Crisp had partly promised that an or
der setting time for vote would be
reported, but the statement has never
been confirmed by member OF the
committee. Even If such an order were
reported IL might meet the fate OF the
Currency bill order-be rejected by the
House. The Canal lobby is very &C.
tive.
A decided administration victory
was won in the Senate Saturday af-
ternoon, when Senator Vests ameIId-
ment to the pending Hawaiian resolu-
ton was adopted by the Senate. The
Vest amendment EXPRESSES sympathy
with al attempts To establish republl.
can INSTITUTIONS; ieaffirns the doctrine
or non-lDterference with foreign na-
tlons, and says That the administra-
tlon Of President Cleveland In niaili-
tanning this policy as to our foreign re-
latlons deserves the approval aud sup
pIrt OF the American u%Ople." The
Odd feature IF this victory was that it
was won by the vote II Senator Petit
grew, who it will be remembered was
one Of lhn Rpn,Ll,.n l.nut.r. ,.,,,.,