The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-06-09
SILVER CAUSING A BIG SCARE.
THE GREATEST PANIC IN HALF 4
CENTURY FEARED.

uisquietinE Rumors Reach Treasury
Omciais of silver Lcunings in the
Mckinley FoIIOwiuw-The sound
Money Men in the Republican
Convention TO Make stubborn
Fight 90 Prevent Even "a Sauint
Toward silver in the Platform.
Washington. june S.-Treasury officials,
who are Keeping a close watch on the
gold reserve. say they can already detect
symptoms Of an approaching raid upon
the reserve. They are exceedingly anN-
ious as TO the probable action of the
two national conventions upon the money
question. In spite of an that has been
done by. the present administration to
prevent the democratic party from COM
mitting itself to the free silver theory
at Chicago, the President and the mem-
bers of his cabinet now admit that Il
seems inevitable. The one hope of the
friends of sound money I'm both political
parties is that the republicans at 81.
Louis VIII take a bold and uneQuivocal
stand i'm favor of the gold standard. IN
the past few days rumors have reached
the treasury department-the first place
where weakness In the money system is
felt-to the effect that the republicans,
under the directions OF Mckinley and his
followers. propose to lean towards free
silver in making up the platform Whether
these rumors are true or not, they are
beginning to have a depressing effect
upon the financial officers Of the govern
ment who fear greater financial troubles
than any this country has experienced
during the past half century II is the
intention Of tie Npublcan gold men
to make as stubborn "a tight ass possible
70 prevent any sort Of declaration on the
nnanCial question which viii sQuint to-
ward silver, or be In any way doubtful.
a conference on this subject is to be
held at ST. Louis among some of the
strong" sound money leaders before the
convention. The object of Reed, Allison
and Quay In permitting their names TO
go before the convention when defeat is
certain Is to make fight for gold plat
form.
The politicians will be leaving for st.
Louis all through this week. Gen. Gros-
VenOr left this afternoon, Notwithstanding
Chairman Dingley's resolution this morn
ing to revoke all leaves of absence and not
TO grant leaves except for illness. The
majority of the silver men, including
Representatives Hartman and Allen and
several senator's VIII not leave here until
Saturday The members of the national
republican committee who are members
of congress viii have to leave for ST.
Louis tonight or tomorrow.
Senator DuBios. one of the leading apos-
ties of free silver said to-day that he
would not be surprised to see congress re-
main In session until after the ST. Louis
convention adiourns. He believes IL
would be 20 the advantage OF the free
silver movement to have congress IN ses-
sion and open up a discussion OF the nnan-
cial question. 1t Is not probable, how
ever that his idea IN that direction will
be carried out. for the leaders in the two
houses are anxious to bring the present
session TO close. The fact leaked out
here to-day that the free silver republ-
cans who go to the 81. Louis convention
have been directed to bolt If a sound
money platform IS adopted. Instructions
have also been given them to meet in Sc
cret conference as soon as the verdict OF
the republican convention has been ratin-
ed 1t is understood chat II Is the intention
democrats and populists with q view to
forming q free sllVer combination.