The Indianapolis journal., 1897-05-02
Embassador White Expected to se-
Arbitrary German Regulations.
CHANGES In THE TARIFF BILL
SUPPORT OF MIR. JONES, OF NEVADA,
SECURED BY REPUBLICANS.
Monthly Statement of the Treasury
CiViI-SerVice InVestigatiOn--Amer
ican Steel in Great Britain.
recial 70 the Indlanapolis Joulnal.

Special to the indianapolis Journal.
WASHINGTON, May 1.-An authority in
the foreign exchange market makes this
interesting statement apropos of the gold
outflow now in progress: While it is true
that the stimulated importation of mer-
chandise, due to the certainty of the pas
sage of the new tariff bin, is an important
factor in the present situation, the balance
of trade cannot be taken as absolute in-
dication Of the trend of the gold flow. Aside
from the other influences before spoken OF,
the figures in the balance sheet take no
cognizance of the exchange constantly
passing between his country and foreign
countries These are numberless, and the
exact state of them at any one time cannot
definitely be known. Rents and interest
and dividends are steadily going over the
water TO foreign owners of property here.
Queen Victoria herself owns property in
America. The great number of American
travellers in Europe eXpend a lot of money
there which has got to go over in gold, in
exchange or otherwise. There are individu-
al Americans over there now on compara-
lively short visits who do not hesitate TO
make purchases up to $25, 900 and $4,000, or
up to 100000 or 100000 if they see some
thing that they happen to want. There are,
besides, rich Americans who live abroad
now and draw incomes from here. The
earnings of their property RENTED in
gold. These are few incidental reasons
why gold goes out, and the relation OF
the various conditions to each other in the
commercial and financial worlds differs at
different times. A good many millions of
gold could be shipped from the United
States now without making the slightest
difference to the country. 1t has been said
that in some quarters the Expectation is
that $20,000,00 will go out during the present
shipping movement. The sum would not be
missed. The United States treasury has
more than $54,000,000 in gold above the $780,
C00,000 gold balance traditionally held in re-
serve. The associated banks of New York
city hold, as shown in the last bank state
ment $S7000,0OO of specie, of which almost
all is gold
Young Mr.. Bailey, of Texas" leader OF
the House Democrats is going to struggle
for the passage of Il bankruptcy bill. As
a member of the rules committee he will
move for special order to take up the
Nelson substitute for the Torrey bill as it
was returned from the Senate He says
that in so doing he is entirely consistent,
that measure coming under his classifca-
ton of business urgently demanded" by
the people, which in his speeches he has
announced he would ask for action as
against the Republican policy of mastery
inactivity. If the rules committee refuses
to bring in the order he will try to get an
expression from the House on the ques-
ton. Young Mr.. Bailey is restve under the
structures of his party newspaper organs
and keenly resentful of the oft-repeated
imputation that he is a tail to Mr.. Reeds
kite and that he is helping the speaker
maintain the Republican policy. BY taking
the initiative in this bankruptcy matter
young Mr.. Bailey feels that he viii be re-
deeming himself somewhat and at the same
time maintain his reputation for consist
ency. Inasmuch a majority Of Repub-
licans favor the passage of d bankruptcy
bill it is not improbable that Mr.. Bailey will
be allowed by the rules committee to have
his own way and get whatever glory he can
from the achievement. By helping him
make little capital the speaker may keep
him in a good humor and save himself lot
of trouble without injury to himself or his
party
One Of the things Mr.. White our new
minister to Berlin, will try TO do on arrival
at his post will be to ask for modifca-
ton of the German practice Of limiting the
stay in the land of their nativity Of Ger
man-American tourists visiting Germany.
The State Department is being called on
constantly to protect the rights of her citi-
zens of German birth who come in conflict
with the arbitrary and oftentime harsh and
unjust regulations of the German govern
rnent WHAT our German-American travel
ers ask for is greater latitude in their move
ments in the fatherland, recognizing at all
times however, the right of Germany 10
expel or exclude obnoxious aliens.
The resignation of w. w. Rockhin post
master at Fort Wayne, Ind, was received
by the postmaster general to-day Mr..
RockhiIi will relinquish his office July y.
1t is understood that w. G. Page, we'll
known printer will be appointed to succeed
Rockhil.
Fourth-class Indiana postmasters have
been appointed as follows: Ashboro, Clay
county, David May Rose vice Howard
Miller. resigned; BicknelI Knox county. w.
S. Keith, vice ]. t. Whitaker. removed:
Riminssvile, Union county, e. Nj. Gaskil
vice ]. H. Samuelson, removed Bruceville,
Knox county, Alfred Goode. vice Elias
Kackley, resigned: Cayuga, eVermiliion
county. NJ w Coffin, vice Z. l.. Hiberley;
Clarksburg, Decatur county. j. S. Miller
vice j. Nj. Senour. removed; Davis, Starka
county +. j. Belcher. vice Abraham Hath
away. removed Earl Park, Benton county,
H. l.. Hix, vice ID. NJ. Talbot, removed;
Eugene, Vermillion county, w. l.. Parke
vice H. A. Sturm, removed; French Lick
Orange county Ii. T.. Wells. vice w E.
Ryan, removed; Hayden. Jennings county,
d. w. Dodd, vice John Sullivan. removed;
Holland, Dubois county. c. +. Siebe, vice
Daniel Rouscher removed: Perth. Clay
county, Achille Jalbert vice n. II. Vegoe,
removed: Pimentox. Vigo county. Nj. c.
Drake. vice s. c. Sparks removed: Prairie
ton, yigo county. II. H. Infange, vice ]. +.