Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-07-25

the price of wheat and the white metal
rose or fell in harmony. 1 am nearly sure
that In Maryland the democracy this year
will ignore silver. Confidence. that was so
sadly stricken in 1885, is recovering itself
and a more hopeful feeling is everywhere
apparent
when we were considering our gold res
olution today" he continued, "a member
of the convention proposed an amendment
recommending that in all future issues of
government bonds the word gold should
be inserted before the word coin In the
clause providing for the bonds redemption.
1t was not considered. of course, because
the government. under both republican and
democratic administrations, has already
conclusively decided that coin means gold.
The adoption of such an amendment might
have indicated that we had some doubt
about the course heretofore pursued Our
government securities in this respect are
like the Bank of England notes. They say
that the bearer Will be paid Is here or at
Manchester There is no mention of the
character of the money to be rendered in
such payment, but the whole world knows
1t means gold
What Bryan's Candidacy Meant.
The conversation turned on the incidents
of the campaign of 1896 and the deep fear
felt over the possible election of Bryan. 1
remarked that from investigation made
professionally and information received
from trustworthy sources was convinced
that if Bryan. instead of Mckinley had
been elected there would have been a gen.
eral suspension of business and great finan-
oial distress and disaster.
That would have been undoubtedly the
case said Mr.. Dixon. with emphasis.
The subjects of the war tax and the war
bonds were next touched upon. Mr. Dixon
was quite emphatic in his criticism of the
collateral Inheritance tax of 10 per cent.
Il am inclined to Think he remarked
that the insertion of the collateral in
heritance tax was something in the ma
ture OF sop to the populistic element that
IS so bitter against wealth You know / am
president of Johns Hopkins Hospital If
that tax had been a law when Johns Hop
kins died his estate would have been COM
PEELED to pay the government over 81 ,0O0,-
900. Another instance is more recent. Six
months ago one of our directors died. leav-
months longer 100000 of the estate would
have gone to the government"
The War Bonds.
Regarding the war bonds Mr.. Dixon
thought 1t would have been much wiser If
the measure authorizing their Issue had
permitted their sale to the highest bidders.
1.-The government would have received
four or five million dollars more from the
premiums he remarked, land in time of
war. especially, this is an item. The ma
tiona banks would have largely taken
them as basis of circulation. as the
bonds that are now chiefly held by them
for this purpose mature in 1904 and 1907 to
the amount, at both periods together. of
between six hundred and seven hundred
million dollars. Today 1 received word
from New York that the war bonds were
104 3-S That makes them relatively higher
than per cents at no..
Mr.. Dixon paid a very high compliment
to Secretary Gage. declaring that ne was
the right man in the right place. and was
particularly emphatic in his praise of the
splendid system adopted and now in prog
ress in apportioning the bonds.
CLUSKEY CROMWELL.