The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-01-04
TROUBLE AHEAD.
Administrations Financial sohome
to BIO Severely Arraigned,
ii is BETWEEN TWO HOT FIRES.
Tho Republican Charges and Those
by Dr,nocrats-rho Real Difficulty
aud What Makes It--what tho sll!
vor Men want-'rho Situation IN n
Confused State.

WAsnlSGroS, D. G., Jan. .. ~ Tho
Evening Star ha, tho following: lfcur.
rent expression in town may DO taken
rs guide, the Administrations financial
proposition Is booked for n severe ar.
raignment Within tho next fow days.
The Republican leaders aud tho silver
Democrats unite In tho opinion that tho
question 10 now In most confused
state, and ought to bo thoroughly OK.
amlned beloro anything is done. Upon
the whole, they think tina. the advanc.
ing aud withdrawing oil [irst this thing
and then that has put tho admins.
tration ut so serious disadvantage that
10 10 now reduced almost TO condition
Of helplessnesS, Thoy will not a:roo
tina! there 10 now even definite propo.
sition before Congress. The admins.
tration, they believe. will take anything
1t eau get that bears any resemblance
to wha. originally was requested.
Tho Two tires between which the al.
ministra,ion Is placed are 80 hot that
old observers hesitate TO pedct tho 70.
suit Tho Republicans make ono &C.
cusation. aud tha silver Democrats au.
other. But the gist OF both charges Is
thar the administration Is not dealing
with entire irankness, eithor with Con.
gress or tho country.
TIE REPUBLICAN, CHARGE.
The Republican charge ia that tho
tariff is a. the bottom OF tho whole dit.
fculty. The frs. question to be settled
as they see the matter. Ia a provision
Tor enough revenue to pay tho running
expenses OF the government. They in.
sist, therefore, that instead OF talking
about authority for the sale Of low.rate
bonds to keep the treasury's gold 70.
servo intact, Secretary Carlisle ought 10
confess the real situation and ask Con.
Gress to take Immediate steps for rais-
ing more revenue at tho custom houses
or by. additional internal taxation. II
lie will do this-snd they declare that
tho truth OF the situation demands it
they will aid him in every way in their
power. Theu will come the question OF
more money by new adjustment OF
the currency. with such safeguards as
ought to be thrown around matter so
important. The one question, they
hold, could be settled in a very short
time, and this would tide the country
over its present difficulties. The other,
the currency question proper, could 90
thought out more at leisure and be re-
ferred even for q partial popular verdict
nnNk fall's al a1apstnpa
WHAT THE SILVER DEMOCRATS SAY.
The silver Democrats. all Of whom are
tariff reiormers aud helped to make the
Wilson bill, refuse to accept any such
explanation Of the case. They express
the opinion ina. the tariff law, If per-
mitted to s.and. will justify itself aud
bring money enough into the treasury.
/ The only changes they will even discuss
relate rather to further reductions than
to increases in revenue. They refuse 20
geo anything more in existing embar-
easements than a capitalistic scheme
FOE forcing Interest. bearing obligations
from the government for the enrich.
ment Of eastern bankers. One OF the
most prominent OF the silver men
from the south within the past
few days. in conversation with a
cabinet officer. declared that nothing
ought TO be done in the premises by
Congress upon any line which did not
have frat in view the checking OF the
rapacity OF the east. In his opinion,
thi, putting OF gold into the treasury
one month and drawing 1t out the next
10 no better than bunco game. he
predicts even that il 1t is not broken
UP it will be improved upon by its de.
eigners until they will be able to force
the government into the market as a
borrower at their pleasure. He sug-
eests that, il no change be made, the
gold dollars ought actually to be bored
In the centre aud strings run through,
30 that the bankers and brokers can re.
ceive back at their own convenience the
identical pieces they may have loft on
that sort Of special deposit.
WHAT MAKES THE DIFFICULTY.
While criticism is so free, and in
come quarters SO fierce, there are no
suggestions that do not inyolvea sur.
render OF the administrations whole
case. This makes the difficulty. The
President and Secretary Carlisle are de.
tsrmined to prevent, II possible, the
bringing Of Affairs down to n silver
basis. The credit OF the country, in
their judgment, would not, could not,
survive such rs,ut. Holders Of the
governments obligations OF whatever
charater must be assured Of redemp.
tion in gold II they desire and demand
il, ora general crash will swiftly follow.
No difference can be made between q
syndicate OF bankers or q single indi-
vidual at the treasury's counter. But
tho silver men urge that difference ia
permissible and should De made. Let
the individual In the transaction OF leg.
i.imate business have gold upon his
demand Tor 1t, but let tho syndicates be
warned that il they appear at any
timo with fresh batch OF government
notes in their hands, To take buck for
the purpose Of speculation the gold
they have only recently paid into the
TREASURY for bonds, such Of tho notes as
the eecretary Of the treasury may, under
the law, exercise his option upon will
be redeemed in silver. 10 the objec.
ton advanced that tho syndicates otIer
only greenbacks, tile silvor men reply
that the baro threat, with moaning
behind 1t, OF purpose on tho part Of
the government to exercise Its option
in tho redemption oil treasury notes
would exercise a restraining influence
on the money power everywhere. Tho