Herald and tribune. [volume] (Jonesborough, Tenn.) 1869-current, 1896-07-15
From Our Special Correspondence


WASHINGTON, D. c., July 8, '96.
Not a single Republican in Washing.
ton was at all surprised when it was
announced that Speaker Reed had
without solicitation volunteered to take
the stump for Mckinley and Hobart,
and l will venture the assertion that
Gov. Mckinley was not surprised,
either. He and everybody else who
knows big Drained Tom Reed knows
that his devotion to the Republican
party and principles far exceeds his
personal ambition, and that he has
never learned the art of being dis.
gruntled: Many weeks before the st.
Louis convention was held it was
stated in this correspondence that
Speaker Reed could be depended upon
to take the stump for the ticket nomi-
mated if he failed to get the nomination
himself. That authority was not idly
made; it was based upon good author.
lty, as all statements of fact made in
this correspondence are.
There is very little doubt that the
administration influence will be used
to bring about a bolt at Chicago, unless
the silver Democrats a be o%utgeneral.
ed by Whitney and the other admins
tration Democrats, and that does not
seem at all probable at this time. No
member of the cabinet will 90 to Chi.
cago, but several assistant secretaries
Will attend. Republicans are inclined
to be Indifferent about what the Chica-
go convention may do or not do, be-.
leiving that the Republicans have a
ticket and platform that can not be de-
feated, but if they have any choice at
all it is to see the convention adopt a
platform and nominate a ticket that
Will be endorsed by the populists, in
order that the two partys of isms and
humbuggery may be defeated together.
This country has had enough expert.
ments to last it a generation and is
anxious to return to the common sense
business methods which are character
istic of the Republican party.
The bankers have already begun to
hoard gold, In anticipation of its going
to a premium after the Chicago con-
vention adopts a platform declaring
for the independent free coinage of sill.
yer at a ratio of 10 to 1 by the United
States. A prominent Democratic off.
cial was told this and refused to be.
lieVe it. He was then persuaded to
make the rounds of the Washington
banks and try to obtain gold. He did
so and is now thoroughly convinced
that the banks are boarding gold. He
got no gold although he offered to paw
a premium of ! per cent for it. He was
candidly told by some of the bankers
that they were holding on to all the
gold they could get, not because they
believe that the free silverites will car
ry the country, but because they believe
that even a campaign in favor of free
silver will result in putting gold at a
premium, and, as one of them put it,
should this country by some mis-
chance declare for free silver, every
dollar in gold we have in our vaults
will be worth at least 81 so. As pru-
dent business men we are preparing for
any contingency"
The John r. Mclean candidacy for
the Democratic nomination for Presi-
dent is regarded by the politicians as
a bluff, made for the purpose of get
ting second place on the ticket for him.
Still, it is just as well for the other feI.
lows to watch John. He has more
money than he has any use for, and
his income from the Washington gas
company of which he is president, and
from his Cincinnati newspaper and
other paying investments is growing
larger all the time. A man like that
is always a dangerous opponent in a
convention.
A gentleman who saw and talked
with Mr.. Cleveland, the morning he
left Washington for his Buzzard's Bay
summer residence says he never saw
him in such a disguised humor, and
that the most of the language he
used when speaking of the probable
action OF the Chicago convention was
unprintable in a family newspaper.
from what this gentleman said | got
the impression that Mr.. Cleveland's
present opinion of the Democratic party
is Identical with that once expressed
of the public by the late William. H.
vanderbilt. One doesn't have to be
an adept in fortune telling to predict
that MIR. Cleveland will not raise a
finger to get votes for the Chicago tick
ct.
The financial record Of this admins.
tratlon Is enough of itself to prevent
the Democratic party ever being again
trusted to control this government.
just look at these figures, taken from
the Official records of the Treasury de.
pa tment, Deficit for the fiscal wear
ending June 80, 1894, so. OO0, 900: defc
it for the fiscal year ending June 80,
1898 S42, GOO, 900; deficit for the fiscal
year ending June 80, 1896, sos, 500, coo:
making a total deficit for three years +
OF SlS7 100000. Ism t that a costly me-
mortal to Democratic i~ncapacityp