The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1896-06-27
1T Arises Again to Alright the
Administration.
Another Bond Issue Certain
This Summer.
WILL ROUSE THE IRE
lf the Silver Democrats With
RedOubled Force.
Gold Democrats Go to Chicago
as COnspiratOrs.


Washington. June 27.-Before the
Democratic convention meets the ad-
ministration will, be confronted by a
reduced gold reserve. The gold bal
ance is now stated at s102 600, 600. and
win go below 500. 00O, 900 next week.
The gold men in the party viii have
to meet this situation in some form or
other. and make their suggestion of
remedy to be expressed in the platform.
A good deal of interest is manifested
with regard to the remedy they win
suggest They can hardly go before
Democratic convention and declare for
more revenue, inasmuch as the admin
istratiOn has stated all along that the
revenues are sufficient to meet the ex-
penses of the government. and that the
trouble with the financial system is the
endless chain" by which greenbacks
redeemed in gold are issued
1t is reasonably certain that the
sound money wing Of the party viii
express itself in favor Of a change in
the financial laws so as to prevent the
issue of treasury notes and greenbacks
unles gold is deposited for each note
SO issued.
This is not likely, however, TO be ac-
cepted by the silver wing, because the
latter believe that the remedy for fin
ancial distress lies in another direction.
They want the treasury notes redeem
ed in coin that is most convenient at
hand. If there is not gold, then they
claim that silver should be put out.
There is no doubt that the silver men
will use the treasury situation for all
it is worth in advancing their theories
at Chicago.
The trip of President Cleveland and
Secretary Carlisle down the Potomac
was not altogether Tor the purpose of
deep sea fishing, but it is believed to
have been for the purpose Of discussing
some means for the protection of the
gold reserve. They have both seen the
inevitable for some weeks, and realize
that the drain on the gold reserve win
go on just as it has before and leave
the treasury unprotected.
1t can be stated on good authority
that when the reserve reaches a point
that Mr.. Cleveland and Secretary Car
Isle consider is dangerous, then there
will be another issue Of bonds. It is
believed that Mr.. Clevland has fully
made up his mind to pursue his policy
of keeping up the gold reserve by sell
ing bonds from time to time
He is determined to Keep intact this
fund for the redemption Of currency,
and his actions in the past show that
he viii not hesitate to order an issue
of bonds whenever the gold reserve
drops to a point which in his opinion
endangers the credit of the govern
ment.
The bearing that another issue of
bonds would have upon the political
situation among the Democrats is hard
to determine. The free silver Demo-
Gratis have repeatedly in congress de-
clared their opposition to bond issues,
and they are likely to incorporate in
their national platform something re
fleeing their opinion.
Secretary Olney, of the state depart
ment. has left the city for a few days
on private business. This takes an
other prominent Democrat away from
Washington and leaves the represen-
tatives of the party very few in num-
Der. What few who are here, however,
continue to discuss the situation with
a good deal Of interest.
There is a trihe more gossip heard
just now with regard to candidates at
Chicago. but not enough to indicate
that there is any decided preference. It
is hardly likely that any candidate
viii have more than $50 votes to start
with
The day the nominations are made
is likely to be one Of great oratory, as
there viii he so many candidates to put
before the convention. Iowa will pre-
sent Boies; Missouri will put forward
the name of Silver Dick Bland; In
diana viii present Matthews; Ohio may
say Campbell is her favorite; Stevenson
will be put up by Democrats from diff
ferent states; California viii present
Senator White; South Carolina will
show up with Tillman; some of the
Colorado men may agree to put Teller
in nomination; Kentucky will enthus-
iastically present Blackburn; Pattison
viii be the choice of Pennsylvania;
Russell will be presented by some of
the New England men; Whitney and
Carlisle viii find friends, and there are
Senator German, Senator Morgan, Sen
ator Harris, Governor Altgeld, and
large number of other possibilities. In
fact the field viii be an unlimited one,
and it would not be safe to pick fav-
orite and place money on him against
the field.
1t is said that it will be the policy Of
the gold standard men to divide the
field as much as possible. They viii
have three or four men in nomination,
and will scatter their votes until it is
seen that the silver men are beginning
to concentrate on a certain man.
Then they wiz go to the man most
likely to receive votes from silver Dem
ocrats-
ALLEN THURMAN SAYS
ne viii Not Favor Teller for the
Presidency.