The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1897-03-09
NEW SECRETARY 5 POLICY
FANORS GOLD AND GOOD GOVERN
MENT.
Wall Street People Oppose Because lie
Is Westerner-Mr Gage Wants to
Withdraw the Greenbacks.

The Hawaiian hotel is sheltering
man who for almost the last half cen
tury has been business associate of
Mr.. Lyman Gage, the new secretary
of the treasury of the United Stn'"s.
He is Mr.. George II. Thorne, vice
president of Montgomery, Ward q
Company, and one of Chicago's fore
most business men. Mr.. Thorne knows
a great deal of Mr.. Cages life, both
public and private, and he regards him
as nm exemplary citizen.
In the mail brought by the last
steamer the news was received tha.
President Mcl<inley's action in tender
ing the treasury portfolio to Banker
Gage was not altogether satisfactory
to many Republican members Of the
House and Senate. Many of those vino
are opposed to the Presidents cho,ce
feel that Gage is more of gold Dein-
ocrat than Republican and there are
those who say that he has voted the
Democratic ticket all along and that
he would have voted the democratic
ticket this year if he could have done
so without voting for the cause of free
silver, or what, to his mind, was
equally as bad, wasting a vote by cast
ing it for the Palmer and Buckner
ticket.
Mr. Thorne was interviewed this
morning in reference to Mr.. Cages
politics. He first gave it as his opin
ion that the opposition to Mr.. Cages
appointment amounted to very little,
and what little there was came from
/ Wall street Iinanciers who were put
out over McKinley's selection of a
| Western man.
! "Mr. Gage was "A man who placed
! principle above party" said Mr..
! Thorne. "IIe was not man to sup
port a corrupt platform or a corrupt
candidate either in city, county, state
or national politics. 1t is probably his
refusal to support certain Republican
candidates who were unworthy of sup
, ton of his politics.
Zone thing is certain, that he is
sound on finance and is an out-and-out
gold adherent. He is aiming straight
for that end and everybody who is ac-
quainted with him know that fact. Mr..
Gage is a well educated and broad
minded man. He is a peer in everyway
of the tinanciers to be found on Wall
street. He is public spirited and can be
I found in the church, Sunday school
banquet room and in all public affairs
He is thoroughly Independent and is
always out for the best government
Before | left America | heard express
cions that the selection of Mr.. Gage tC
the treasury portfolio will prove a,
generally unsatisfactory to the Repub
lean party as did the appointment Of
Judge Gresham to be Secretary OF
State under Mr.. Cleveland, prove to tn,
Democrats. These expressions are un
true and unjust to Mr. Gage"
Mr.. Thorne is acquainted with Mr.
Cages financial plan and is confden
that good administration is sure t,
follow. In letter to Chairman
Springer, of the Committee on Bank
ing and Currency of the Fifty-thir,
Congress, Mr.. Gage announced himsel
in favor of the retirement of green
backs. He would also issue $250.00O
900 bonds, payable not before twenty
five years at the rate of 2H per cent
to be sold to the people at par. II
would take the Government out of tn
note-issuing business without con
tracing the currency in the process
and without inviting to expansion.