St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-01-13
WALL STREET EXPECTS TO FUR
NLsH MUCH OF THE 100000
900 WANTED.
NO DISTRUST IN TREASURY.
AND RETURN OF SECURITIES
ABATED.
FREE SILVER RIP VAN Wrinkles.
Action of the Senate Committee
Criticised - Henry CIews,
Review.

Special to the Globe.
NEW YORK, Jan. 12.-In his weekly
review Of the financial situation in Wall
street, Henry Clews says:
Naturally, under existing circum-
stances, business at the stock exchange
has been dull, in both the investment
and speculative interests. There has
been a distinct abatement of the excite
ment over the Venezuelan question.
Throughout the country, the militant
furore has abated, and on all sides
there is a disposition to encourage pa
cific methods of dealing with the ques-
ton. Indeed, it may be said to be a
foregone conclusion that the govern
ments and the people of both countries
will cultivate an attitude calculated to
bring about an arbitration fair in it's
terms and adapted to insure an early
settlement of all points in dispute The
effect of this change is to suspend the
return of securities from abroad, and
to remove the question of war from the
arena Of speculation.
The governments choice of a "pop-
ular' subscription to the $500, 900 900
lean, instead Of placing the negotiation
in the hands of a syndicate, has for the
moment checked recovering tendency
in prices which was beginning to ap-
pear Wall street, however, has very
6NhCioiiJ SOlllC " Tic COHCluSlOn L,
should the popular subscriptions prove
to be insufficient in amount, nothing is
likely to prevent the bank syndicate
from finally taking up the balance of
the bonds not covered by the popular
subscriptions. There is thus no dis
trust about the treasury getting it's one
hundred millions of gold within a
month; which, after all, is the main
thing needed; and that certainty should
n ha1 In
teryal of waiting. In the meantime, the
stock market is sustained by the ex-
tremely low level of prices, which, on
the one hand, prevents selling, and, on
the other, suggests a probability of an
advance when the treasury troubles
have been provided against for another
year. The renewal of exports of gold
has been chiefly due to the delay at
tendant on the popular loan; but the
symptoms of the moment suggest a
probability that the shipments may not
run to any serious aggregate.
AS means of finally removing
dangerous contingencies from the Ven
ezuelan question, the United States and
Great Britain should agree to arbitrate
all matters in dispute now and here
after through disinterested parties or
through commissions appointed by each
government
- ~ oAiNCl IlcInD6TS OF the
finance committee have evidently been
In Rip Van Wrinkle sleep and awoke
just in time to vote for the free silver
measure, for which. there is no demand
elsewhere. The long trance of these
gentlemen has left them in Ignorance
as to the change of sentiment that has
come over the spirit of the people Of
this country in connection with silver
In the last several months. They could
not know that it has become a dead
issue beyond the power of resurrec
ton, hence their affirmative vote for
free silver. They have not realized
that the last twelve months has been
pretty lively period, and justified
people with anything at stake to re-
main Wideawake for self-preservation
This country is now permanently on a
gold basfs,and on that account ranks
amongst frst-class nations of the
world in point of credit, and it is there
to stay, and our own product Of gold
alone justifies it. We will. however
have use for all the silver that we
can't find ready export market for
at remunerative prices for the arts in
this country and for subsidiary COIN
age. The white metal, therefore will
never cease to be one of our paving
products. Even at the present price. II
is more profitable crop than wheat
corn or oats, and mine owners of silver
by contrast, have no ground of com,
plant