Crawford avalanche. (Grayling, Mich.) 1879-19??, 1896-07-09
WASHINGTON LETTER.


EDITOR AVALANCHE:
Not q single re-
publican In Washington was at all
surprised when It was announced that
Speaker Reed had without solicita-
tion volunteered to take the stump
for Mckinley and Hobart. And ]
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 its principles far exceeds his per-
sonal ambition, and that he has new
er learned the art Of being disgrun-
tied. Many weeks before the St Lou.
Is convention was held 1t was stated
In this correspondence that Speaker
Reed could be depended upon to take
the stump for the ticket nominated,
II he failed to get the nomination
himself. That statement was not
idly made, It was based upon good au-
thority, as all statements OF fact
made In this correspondence are.
The bankers have already begun to
hoard gold, in anticipation OF It's 60
ing to a premium after the Chicago
convention adopts a platform declar-
ing for the independent free coinage
of silver at ratio OF l6 to by the
United States, A prominent demo
cratic official was told this and refus-
ed to believe 1t, He was then per-
suaded to make the rounds of the
Washington banks and try to obtain
gold. He did so and Is now thor
oughly convinced that the banks are
boarding gold. He got no god, a.
though he offered to pay a premium
of l per cent for it. He was candid.
ly told by some Of the bankers that
they were holding on to all they
could get; not because they believe
that the free silverites will carry the
country, but because they believe
that even campaign In favor OF free
silver will result in putting gold at
premium, and, as one of them put 1t,
should the country by some mis-
chance declare for free silver, every
dollar In gold we have in our vaults
will be worth at least $3.50. As pru.
dent business men we are preparing
for any emergency"
A gentleman who saw and talked
with Mr. Cleveland, the morning he
left Washington for his Buzzard's
Bay summer residence, says, he new
er saw him in such a disguised hu.
NOR, and that most of the language
he used when speaking of the proba.
BILE action of the Chicago convention
was unprintable in "A family newspa-
per. From what this gentleman said,
1 got the impression that Mr.. Cleve-
lands present opinion of the demo.
cratic party is identical with that
once expressed of the public by the
late VIM. H. Vanderbilt. (The pub
Tic be DID,. One doesn't have to
be an adept in fortune-telling to pre-
dict that Mr.. Cleveland will not raise
a finger to get votes for the Chicago
ticket.
The financial record of this admin.
istration is enough of itself to pre-.
vent the democratic party ever being
again trusted to control this govern.
ment. Just look at these figures, ia.
ken from the official records of the
Treasury department.! Deficit for the
fiscal year ending June 80, 1894, s70,.
900, 900; deficit for the fiscal yeaI
ending June 80, 1895. s42, 0O0, 900; de
felt for the fiscal year ending June
80, 1896, s25. 800, 900, making a tota
dedcit for three years of sl37, 500, 900.
Isn't that costly memorial to dem
ocratic incapacity?