The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-01-29
,,,-,.d - is5a incorporated 1888.
], H. ESTILL, President
c1GF NOT LIKED IN GOTHAM.
-,prIIELEss HE HAS ACCEPTED
W. THE TREASURY PORTFOLIO.

4 IL
NJ .,,,,, TREASURY PORTFOLIO.
,.rccment to Take the Position
c,o.ed with President-Elect Nc
10, ot Canton Yesterday-Mr.
- authorized the Press AssOci-
IONS 10 Announce the Fact-dc-
-. Now Supposed to Have De-
,,.d on six Members of His Cabi-
Net.
,..,ton O.. Jan. 2S.-Lyman ]. Gage, who
ma me next Secretary of the Treasury,
.,..5 at Mai. McKinley's house a few
.-tos before 3 o'clock this afternoon.
u. was warmly welcomed by the Presi-
.ola,t who straightway Withdrew
a..,b him for a private conference, which
1900. tnl 6 o'clock The President-elect
his Secretary of the Treasury had
4.lI and very satisfactory talk, in which
,sl, discussed at length the financial and
,i4 nolicies of the next administration
.,5 considered the problems that would
c,u for immediate solution by means OF
legislation.
Tba President-elect and Mr.. Gage are
i, ,borough accord upon all financial, po-
rticaI and economic policies. The demand
s,r Mr. Cages appointment came from
o~lv every commercial center in the
E ,o1ntry and from men of both parties. He
+. indorsed not only by the business world,
bn- bv many labor organizations as well.
81 The direct claim is made in nearly all of
q the mass of letters and kilograms which
Fl have reached Maj. Mckinley respecting
NJ MIR Gage that the direct effect of his ap-
Fl no,utment will be to hasten and render
N certain the restoration of confidence.
Mai Mckinley has been thinking about
Mr. Gage for several weeks in connection
with the treasury portfolio, but had heen
Nh led 10 believe that he could not accept it.
II has also been Maj. McKinley's inten-
# ion from the day he was elected to choose
u western man for Secretary of the Treas
By urg if he could End an available man.
Hr. Case meets all of the requirements,
but his appointment does not remove from
be list of cabinet posi- bilities the name
Of Charles Emory Smith, who would, in
# of Stale il the office had been filled by the
appointment of an eastern man. 1t may
be safely assumed that Maj. Mckinley
has decided at present upon six men for
bis cabinet, though he has not formally
& rendered all of them portfolios, The men
who are regarded as certain of appoint
ment are:
John Sherman, Lyman ]. Gage, Nathan
Gof, Joseph McKenna, John D. Long and
James Wilson of Iowa for Secretary of
Agriculture Gen. r. A. Algers appoint
nent as Secretary of War is probable, but
By no means certain. The one remaining
portfolio which is not likely to be tender
q before the middle or last Of February
Tll doubtless go to a New Yorker or a
Pennsyvanian.
Mr Gage said this evening, and author
zod the United Presses to say: II have
been rendered the appointment of Sec
etaIy Of the Treasury by Maj. Mckinley
nd have accepted it,"
Among Maj. Mckinley's callers to-day
ere four coored bishops-B. w. Arnett
Ohio, W. j. Gaines of Atlanta, Joseph
andy Of Baltimore J. w. Derrick of
New York
New York, Jan. 2S-Within the past two
three days there has developed in New
ofk banking circles quite an opposition
IAe movement to make Lyman J. Gage
next Secretary of the Treasury
Durlhg the 1898 panic Mr.. Gage, as pres
emu OF the First National Bank of Chi
so sent circular letter to banks gen
any throughout the west, in which he
uclsed the operations of the New York
nAeiS Inc latter were very much dis
7dSea with the utterances of Mr.. Gage
set forth In his letter, and several of
.eddlhs bankers here expressed their
mon OF Nj Gage in no uncertain
lIS Although three years have past,
ne" Workers have not forgotten nor
sven lhe Chicago banker for his scor-
ol lhem, and now they propose to
sn up accounts and are taking quiet but
1uls steps to oppose his appointment.
udse circular letter was written
aug = 1873 In it he reviews the ac-
~ Ihe New York banks, in issuing
nus mouse certificates, which he de-
W operates against western banks as
''S Ill New York commanded a premi-
'er oank checks of ~ to 2 per cent.
therefore, advises correspondents that
a7o Ddhks cannot take drafts on New
anu eastern points, and credit them
''er concludes as follows: eff
- ana tae west are to be kept on a,
b.1o's, eastern exchange must, as
,o,z. dooVe shown, be subjected to
,ra optloAlmating the premiums on
NM, S w New York, in order TO prevent
M " smeht Of currency thither to COM
R5,l. NY premiums there offered for it
o,rt should take these facts into
,1ei~ "tgi C., ueal!ng with their customers
ne 81, [nleaso correspondents, and be
ach,.l ana sell eastern exchange