Daily Kennebec journal., 1896-03-12

arranged the iniquitous deal with the
Morgan Belmont syndicate, and the treas
ury gradually gained about 800, 0Oo, ooo
gold, and in June, 1895, the reserve was
at about $107, 600, 900.
At this point the diagram stops Dut IL
is we'll known that in August, lo9o' tne
reserve was still just above what Is termed
the legal limit, and that from then until
the last few days. when the big loan oil
500, 600, 600 raised it again, 1T was peiow
the safety mark. Last month, when the
call for bonds was issued, the Official hg-
Vres placed the gold in the treasury at
Nearly $50, ,000,0 900. 1t amounted TO
about $45, 600, 900 when tho BIDS were
opened on February 5, and now is again
above $4,000 900.
How long it will remain there while We
keep on spending more money than we
earn it is impossible to say; but Tor the
pre- ent it's depletion may be slower than
it used to be, as the time is drawing near
for the establishment Of Republican
policies, and Europe has now more conil-
dence in our financial stability i'll conse-
quenoe of tho tremendous over-subscrip
tion of the popular loan ard the deci-
sivc vote OF the Republican House on sill
YER Europe is buying back our securities
just now in such volume that no gold is
exported and it is possible that for a short
time the reserve may remain intact.
An Estimate OF Mr.. Reed.
Congressman Walker Of Massachusetts,. }
/ have served in Congress with Mr.
Reed for seven years. There is no man
and no dozen men in Congress, or two
dozen men thai have the grasp of public
questions. or the power or influence in
the House in effeeting legislation, that
Mr. Reed has. He will sec a question
more clearly; he will state it more acctl-
rately and in fewer words and more DOW
erfully than any man | have known. In
fact. he is so conspicuous in this regard
that there is no man in the House that
even approaches him in these particulars ;
and there are dozen or 20 very able men
in the House. as able as | have ever met
in my life. But Mr. Reed stands head
and shoulders above any man In the coun
try in any department of business or the
professions that have ever met. He is
the only man that I have ever met that
| constantly grows upon you the nearer
you get to him; and whoever talks with
him upon any public question always
leaves him with the impression that he
sees it more clearly and states it more
frankly than other mon Furthermore,
he is so frank and open and honest and
courageous that these very qualities rather
dsqualify him for n common and ordi-
nary leader of the House, as those terms
| are usually used. In fact his leadership
| is not in any sense by management, but
| by his great personality Added to these
| he is one OF ths most benevolent and kind
| ly men in assisting new Legislators, in
giving information patiently and in help
| ing them in every way shat he can, above
any other man in the House that I have
| ever met
| 1t may be supposed from this interview
that am an admirer Of Thomas B. Reed
and l am to the very fullest extent. No'
because l have received any favor from
him or EXPECT the slightest influence il
the future, for my political and business
| life is behind me, not ahead of me Blu
this feeling o, admiration for Mr. Reet
| is for the man as l see him