The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-01-06
TEE FINANCIAL PRoH1rn
- Is the Main Subject Of Discussion
AmonE Congressmen.


talking about the financial problem with
greater seriousness than they did before
me holiday recess. Those who left
Washington and went of among the bust
ness people Of the country returned 10
lhe capital with more liberal views on
me subject Of national finance than the,
RAJ a few weeks ago. Many Of tho
abiest AMI most practical men I'm both
hcuses OF congress are impressed with
'He l4ea that this country is lowering
on the edge OF a financial crisis that Is
APT 10 erupt az any moment and produce
a panic OF greater dimensions than was
ever experienced within the borders of
ths United States
Republican and democrats Of the cau-
uoCs and practical class agree that some
immediate steps should be taken To re-
ueFe the United States treasury from It's
present embarrassed condition. The most
popular plan suggested is the issuing OF
several hundred millions of bonds at
icN rate OF interest. say per cent sur
hcient 10 redeem all of the outstanding
legal tenders and divorce the government
from the national banking system SEN
ator Faulkner Of Vest Virginia SAYS he
has heard so many Of the leading men on
both sides Of the chamber indorse that
proposition that he will probably frame
bill on that line and present il to the
Senate tomorrow. He saws he does
not know whether such d measure can
be passed at this session, but if any
[ financial legislation is to be had this
session. he believes that it must include
large issue Of bonds. and provision for
/ the redemption of the legal tenders.
The republican senator's are very cau-
tious in committing themselves to any
definite plan when their views are sought
for publication, but several of the leading
republican senators, among them one or
the ablest inanciers in this country
stated privately that they would be glad
to assist their democratic brethren in
passing bill framed on the lines indi-
Gated.
While the conservative democrats and
republicans are disposed to unite upon
some remedial legislation. the free silver
I men are unwilling to consider any sug-
geStlon that does not include provision
for the free and unlimited coinage of
silver. One of the most pronounced adj
vocates of silver legislation as a method
Of relief SIS Senator Dubois, who led the
| fight against the unconditional repeal
of the purchasing clause OF The sherman
act Senator Dubois is in such close
touch with Senators Teller Wolcott and
the other free coinage silver senators,
that he probably voices their sentiments
when he remarked to-day that the only
relief that can come to the treasury is
the passage Of "A free silver BILL In the
House of Representatives the same sem
timent prevails among the followers of
1 Mr.. Bland and his free silver ieutenants
on both sides of the chamber.
Secretary Cariisle's friends in congress
are indignant over the reports, which
have not vet been verified that Mr. Pier
pont Morgan and several influential New
York bankers urged the President, in
personal interview, to call upon Mr.. car
Isle to resign from the cabinet In the
House and Senate there is "a large number
of representative southern men who re-
gard Secretary Carlisle as the ahles'
leader in the Democratic party to-day,
aud they are disposed 10 resent anything
that savors of reflection upon his linau-
cial legal or personal character. The
reported conversation between the Pfesi-
dent and Banker Morgan relative 60
Secretary Carlislc's remaining in the cab
met occasOned considerable comment
among southern congressman. The ven
cradle Col. James c. Berrett of Maryland,
who was mayor Of Washington before
the war, submitted some interesting re-
marks on this subject to party of
southern senator's at the capitol this ar
ternCon.
Col. Berrett declined to believe the re
port. for knowing Secretary Carlisle $
high sense of honor. insisted that the
secretary would resent the slightest i'm
mutation upon his administration of the
treasury by promptly rendering his res
fenation. Col. Berrctt then drifted into
| "Reminiscences of the administration OF the
late President Buchanan. Said he: 1T
is a remarkable fact that a similar con-
troverv between the Secretary of the
Treasury and the New York bankers
occurred during the administration OF
President Buchanan. EX-GoV. Thomas
of MARYLAND was then Secretary OF the
Treasury The New York bankers We're
not in accord with his financial policy
and a delegation of them came down TO
washington to urge that President Bu-
| chauan call for his resignation. AS soon
as Secretary Thomas heard that the New
| York bankers We're at the white mouse
| Le ,1,t on his coat ami hat and hurried over
! tn the executive mansion. The hanhers
had lust left there, SO Secretary Iholhas
| hurried into President Buchanan5 pIt-
vate office and asked If 1t We're true
~ renorted that delegation of New
| York bankers had been there TO urge
hi. removal from the cabinet. Presldeht
PIcbanan. while admitting the truthtul-
ness of the report, attempted to assure
Secretary Thomas that no change III the
cabinet was contemplated. IN burst
If INDIGNATION Secretary Thomas eA-
! nIsimed that the mere fact of the Presl-
| dent listening to such suggestion ABOUT
a member of his cabinet was sulhCleiit
erroInd for belief that there was d idcA
Of confidence in the latters auihli-lsll "a
/ tior and therefore he could not remain
~, cabinet any longer. He hurried
49, 70 the treasury department wrote
t'is rosignation and promptly retired from
! the cabinet.
Held as q Gold Brick Swindler.
rT-t-- Pa