Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-11-14
AT THE WHITE HOUSE
Financial Condition Discussed at Cab
met Meeting Today.
NO ACTION NEEDED At This time
Question of Civil Government for
islands Not Taken Up.
THE PRESIDENTS MESSAGE

The financial conditions in New Yorl
were talked of at the cabinet session to
| day and the same conclusion was reached
| as at the last meeting nearly a week ago
| that there is no danger and that the treas
ury will do nothing at this time, because 4
believes nothing to be necessary.
Secretary Gage. in his talk to the cabinet
described the situation in New York as
sentimental agitation" The Secretary de
clared that If the condition of affair.
existed at the beginning of a crop-moving
season 1t might be necessary for the treas
ury to take action, but the stress of the
season is about over and money will begiI
to return to the New York banks in shor
time
In fact. it is already doing so. There Is
no longer reason to believe that the hold
ings of the New York banks will be de-
pleted by sending out money.
The Secretary asserted his belief tina
the conditions will grow better, and not
worse. Then he declared what has already
been stated in The Star. that II there should
be necessity he would authorize treasury
agents to purchase government bonds In
open market. He would do this In prefer
ence to having government receipts deposit
ed in the New York banks.
1t is declared that few bankers have writ
ten to the treasury or White House, and
that the whole situation is greatly exagger-
the agitation unless it assumes more sub
stantial form.
Secretary Gage, in speaking of the sftua-
ton today, said: Suppose man starts out
for a twenty mile horseback ride. If his
horse goes lame within a half mile of home
he will not be greatly worried; but If II
goes lame shortly after beginning its jour
ney there is something to worry about
This describes the situation In New York -
Secretary Root exhibited kilograms from
Gen. Otis as to the situation in the Phil
ippines.
The question of civil government for
Cuba and Porto Rico was not discussed
1t is now probable that the matter has
gone so near to the session of Congress
without anything being done that the Pres
ident Will refer the question to Congress
for action.
Busy on His Message.
The President is writing many portions
of his annual message to Congress by
hand. He uses a stenographer while brief
ing reports, in preparing much of the rou-
tine matter and in making the several
drafts of each topic treated That part of
the message which is essentially an ex-
precision Of his own ideas he is writing
personally and considering very carefully.
He often finds that he can express himself
more clearly in this way than through die
tatton. Some of his writing Is done in Mrs
Mcklnley's sitting room, SO that he can
be IN her company during the hours re-
quiIeu Tor InlS work. he is trying to get
his message as nearly finished as possible
by the 9th instant, when he hopes the
conditions of public business will admit of
MS making the trip to Nashville to join
IN the welcome to the volunteers.
1t viii tax him to do this, and ordinarily
he would not take the time SO near the
meeting of Congress to make a trip of this
sort. The Tennessee volunteers, however
made so fine a record, and distinguished
themselves particularly by leaving the
transport after they We're embarked fol-
home and participating in military opera.
lions where their services were then much
needed, that the President has many times
expressed himself as anxious to join in the
welcome to be extended to them. They are
the last of the volunteers to come home
from Manila. The Presidents views re-
gardtng the Philippines have been received
so cordially in the south that the occasion
would not be an inopportune one for an ex-
preston of the feeling that is SO prevalent
there, and the invitation to be present al
the reception to be rendered the volunteers
has been 50 urgently pressed by the most
prominent citizens, not alone of Nashville
but of Tennessee and the south, that it Is
hoped the President may be able to accept