The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1897-11-05
Washington Letter.
From our regular correspondent.

| WASHINGTON, November Sc cretaTy Gage
! now owns up to the gold bond scheme. which
so many Republicans took the trouble To deny
! when 1t was publicly stated short time ago
| that il would form the foundation Of the adj
ministration's attcmptto secure financial lcRis-
| iation from Congress at the coming session.
| MIR. Cages statement to the Cabinet has been
/ made public, prohubly with the hope that it
| viii meet favor with the people to It sufficient
| extent to Inilu.Ece Senators vino are naturally
| opposed To such a scheme. when, tor baln-
uuuEliu% purposes MIR. Gage calls .,nti-radical
! III character. This country fought the greatest
war OF modern Tines without finding ii ncces-
| Sury to issue single gold bond, yet, now, in II
| time of peace ANA amid boasts of continued
| and increasing prosperity, The administration
Will ask Congress To authorize the issue of Il
eunIe!cut quantity of code bonds TO refund the
cn.l." bonded lu:cnt dur-s %. ia country and
10 acid a Injured "r .Mu nn,iI"u 1" the gold re-
serve luud. som, ot the arguments advanced
III favor oil the change arr Mule snoft OF lldIc-
rous. For instance, when Mr.. Gage says that
making our entire bonded indebtness payable
in gold would strengthen aud confirm the pub
icurcdiI and put il, Il 70 sitlou to command the
markets ot the world Tor securities the
most advantageous terms Every schoolboy
knows That We already occupy that position;
That The securities ul no country Oh earth are
tuusc OF the [ uIrcd states
Mr.. Gage repeats tnr Cicvciunt-j artist.
communication That the prccnhucks aud Treas
urS notes hc retired ana oilers as Il sunsrltm
the probable increase OF National Bank notes
Tat wuHiG follow He doptInu ut III rccom-
iDv.daIscA to s,..." National Eauhs 10 toe
t.Il,ii-n,.I WIN 4 t.!I.II f Iuyyun II
irSn That 300 inhabitants and to ALLOW all
national banks TO issue notes To the par value
OF the bonds they have deposited with the gov
crnmcnt to secure thcir circulation. Taken all
in ali, linz iira.iciul recommendations of the
present administration bear close reSem-
nianoc TO those of the Cleveland Carl sic re-
Yimc, and the following words written by Mr.
Gage. alter Iclli&g about how prosperous the
country is now on account of Doubtful crOI s.
etc, indicate ina. the administration might
even follow Nix. ClCVGiduis example in giving
the country a financial OBJECT lesson to impress
is news upon Congress: "UntoItunutciy
these good conditions cannot he uSsared 10 us.
Commerce and industry, sensitive TO all I'M
taN uruhir events and watchful with anxiety
against dangers set Unseen, need Tor their iull
rehabilitation rom past rcrerses and deprcs-
SONS, Il renewed confidence that the govern
mcnt'S finances are to be firmly placed on
stronger ana more enduring foundations than
now exist In other words the establishment
Of the single gold standard hy law, instead of
~ the will Of administration, as al present,
h'demanded. Theulticrcncc between demand
IL Z and getting from Congress will soon be APP
pa rent from the administration.
low the Ding!cy tariff law acts to reduce
oul' trade with MeXcO-trade which naturally
belongs To us. is shown by the following re-
mN'ks of Mr.. f. l.. Stillsor, now in Washing
TOT. who has been i'll Mexico for fifteen years.
as III ,nager of Philadelphia silver mining
company: This country, think, is not par
suing Exactly tine right policy lis relations to
Mexico. We ought, by right OF cOntiguity to
have al! nest y monopoly Of the trade OF the sis
ter repu bile. Everybody knows that instead
OF buyfn the bulk of ITS imports from the
United ST. ,tcs that Mexico prefers to get them
wi France and Germany. The reason for this
is that we ave put II hugh tariff On Mexican
products. ar 4 SO the Dan government thinks
it proper to get back al us by levyiag still
duty on Amcl lean CT, The goods Of France
and other furI ign countries are NOT so heavily
taxed, and the rrfurc crowd yankee prod Icts
ont OF the Ina iSet. As lCnE W" levy such
high tributc AK inst them, may expect to
see their trade almost monC Nolized by trans
Atlantic count les.
Nutwithstau ing the iuli5-iug that Attorney
General MckrnEa has been publicly giving
himsalf rOr his work ia helping tE, Huntington
syndicate max sure of getting th" Union Pa
criG railroad uIu price admitted T. lie many
millions below the actual value of the prop
crty he is said TO fear that ii may keep him out
OF that ovetei seat on the bench of tia L. :.