The times., 1898-03-04
A PEACE CABINET.
Substantial Reasons why Nc kinIey's
Advisors OpDOsp War.


people, it is but natural that all eyes are
directed upon the Cabinet.
The statesmen who compose this body
are the ones chosen by the President to
be his trusted confidential advisers. 1t is
to them he looks for guidance in the
most vital matters concerning the state
and it's welfare. With him they practi-
cally hold the peace of the nation In
their hands
And as the eyes of all the people are
turned upon the Cabinet there has gone
up a great protest against it's seeming
inactivity. it's calmness, its complacent
waiting for more Information while the
news already received has served to
arouse the entire American nation.
The reason for this may he found in a
glance at the men of the Cabinet from a
financial standpoint There is not one of
them but is possessed of enormous
wealth. with vast financial and CONNER
cial interests
Here for instance. is a brief summary
of what one might see in detail through
a financial magnifying glass:
Secretary of State, John Sherman-a
millionaire. He is stockholder in many
banks and financial institutions He was
Secretary of the Treasury under Presi-
dent Hayes Age has laid heavy hand
upon him. and he is practically only the
figure-head of the State Department.
Secretary of the Treasury. Lyman ].
Gage-a banker and finaneier of enor-
nous wealth He began his banking
been closely identified with it ever since,
He was one of the four Chicagoans who
gave the Government a written guaran-
tee that 80. 600 would be subscribed in
that city for the Worlds Fair At the
time Of his appointment to the Cabinet
he was president of the First National
Bank of Chicago.
He was once president of the CONNER
cal Club of Chicago. which is popularity
known as the ''Milllonaires' Club" He
has wide financial interests and it is said
of him. "He has made many million
aires" He was president of the Ameri-
can Bankers Association.
Secretary of War. Russell a Alger-a
millionaire many times over. He is the
largest lumber merchant in the West. He
has amassed a fortune in the Michigan
pine lands He was president of the Dia-
mond Match Company. of Detroit, when
he went into the Cabinet.
In February of last year he won a for
tune of 100000 in the decision of a suit
involving purchase he had made of min
eral lands.
He was president of the Detroit. Bay
City and Alpena Railroad, director in the
Detroit National Bank and the Peninsu-
lar Car Company. He also holds a large
block of stock in the State Savings Bank.
Secretary of the Interior Cornelius n
Bliss. millionaire dry goods merchant.
closely identified with the commercial adj
vancement of New York.
He has extensive financial connections.
His fortune is measured by eight figures
He is connected with the Fourth Ma
tional Bank. Central Trust Company
American Security Company, Equitable
Life Assurance Society and the Home In
surance Company, which makes him a
leading figure in Wall Street.
Attorney General. John W. Griggs. He
has been identified for many years with
the leading corporate interests in New
Jersey. At various times he has guarded
legally the interests of the New York and
Susquehanna, the Erie, the New York ana
New Jersey and Delaware, Lacnaw wanna
and Western Railroads.
He has also acted as counsel 20 the Pat
erspn Electric Railway, the Edison Elec-
trio Illuminating Company, of Paterson.
and of the Consolidated Gas Company. Of
Newark.
He was president of the Paterson Ma
tional Bank and of the Paterson Safe De-
posit and Trust Company.
Postmaster General James \. Gary. a
millionaire cotton manufacturer. of Bal
timOre. He is president OF the Merchants
and Manufacturers Association. vice
president of the Consolidated Gas Com
pany. vice president of the Citizens Ma
tionaI Bank and director in many oth=r
corporations.
He has an estate of 900 acres at Ca
louisville, Md. He is a director in the
American Fire Insurance Company. the
| Baltimore Trust and Guarantee Company
| and in the Savings Bank of Baltimore.
John d. Long, Secretary of the Navy,
has apparently the least corporation con-
nection of any of the Cabinet. He comes
| from the State of Massachusetts, where
| there is greater boarding of wealth than
| in any other State. and he has for many
| years been a lawyer friendly TO corpora
! tions.
| Ii is only within the past week however
| that Mr.. Long has come before the public
| in connection with any financial deal but
| this one promises to be the scandal of the
| Administration. His statement regarding
| the Maine disaster was used To such ar
| extent by stock iobbers that many thou
| sands of dollars were made in Wall Street
| by few men, and Congress may inquire
| into the Secretarys extraordinary state
| ment.
| The list of Administration influences
would not be complete without the names
| of Senator NJ. A Hanna and Vice Presi-
| dent Hobact Hanna stands for every
| thing that is speculative, and he is the
| recognized channel for all financial in
| terests to reach the highest authority
| Between Wall Street and Mr. Hanna 5
| seat in the Senate there is the closest con-
nection, closer perhaps than with Sec
| retary Bliss, who is tied up with nearly
| every big corporation in the Street
| Vice President Hobart stands for doZ-
| en- great corporations. Perhaps his most
! pronounced corporation affiliation was
| with the Trunk Line Association which
| represents the greatest railroad compa-
| nies of the country.
| The Administration group of nnancier-
| ing politicians have taken their keynote
| from Mark Hanna: Peace at any price. "
| The Wall Street SPECTATORS who are long
| on stocks echo the cry. The banks who
| fear loss of eXorbitant profits help il
| along. The unpatriotic corporations. such
| as railroads and steamship lines and all
| sort of concerns with speculative inter
ests, join in the money cry, Peace at
any price."
Therefore. from the White House and
Capitol come peaceful reports of the great
Maine disaster, humiliating generations
| of Spain and at the same time profitable
f1uptnatiOOS pf the stock