The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1899-11-22
MONEY DEVIL
IN THE SADDLE.
How Mckinley VILE Rule
Congress aud How Wall
Street Rules Him.

! Tor the democratic JOlIiH2tiOu lOi
speaker Of the house, which carries
with it the democratic floor leader
ship during the Fifty sixth congress,
to reach Washington and open head
quarters Mr. Richardson says he
has received more pledges OF sup
port than any one of the other three
candidates-Bankbead, of Alabama,
De Almond, of Missouri, and Sulzer,
of New York--and expresses conf
dence in his success, but the friends
of the other candidates also express
confidence of tbs success of their
man in this good patured contest for
the democratic leadership in the
house Mr. Bailey, of Texas, has
not yet reached Washington, bat he
stated during the last session that ne
would not again be candidate, but
would support Mr. Bankbead for the
honor Some are predicting that
there will be a deadlock in the
| caucus and that the friends Of all the
candidates will compromise by noml
na,ing Mr.. Bailey again.
If there were any doubt about
Representative Henderson having
been the administration choice for
speaker, it would have been dissi
pated by what has occurred since his
arrival in Washington Almost be
fore he had removed the dust of
travel from his clothes, he called at
the White House to know whether
Mr. Mckinley had any orders to
give as to the committee assign
mepts, aside from the packing Of the
committee on banking and currency
in favor of the single gold standard
bill, which was ordered last summer.
Mr.. Henderson is going to be a
Mckinley speaker. and this house,
instead of registering the will of
Gar Reed as the last one did, will
register the will of Mr. Mckinley.
In order to get control of the
senate finance committee, Of which a
majority have for years been silver
men, even since the committee was
controlled by the republicans. the
gold worsbippers are going to reor
ganize the senate committee, giving
the republicans nine members in
those consisting of 13 apd in. those
consisting of IL Even then the
gold men will only have a majority
of one in the finance committee, as
Jones, of Nevada, ciassed as a silver
republican, and Wolcott, of Colorado,
who calls himself republican bimet'
aIlst, can be counted on to act with
the silver men on the question Of
reporting a bill to enact the single
gold standard. The four democratic
members of this committee are
Vest. of Missouri, Jones, of Arkan
sas, Daniels, of Virginia, and Chiffon,
of Texas. all staupch silver men
Unless Mr.. Mckinley gets frighten
ed oy those republicans who, although
willing to vote for gold standard
bill if compelled to do so, believe it
will be bad policy to pass one on
the eve of a presidential campaign,
such dill is likely to be jammed
through at this session of congress
1t will depend largely upon the
attitude taken by Mr. Mckinley 10
his message to congress
Nothing could more clearly show
the close relations existing between
Secretary Gage aud the Wall street
speculators. and the absolute control
of this administration by the money
kings. than the manner in which
Secretary Gage went to the rescue
of the Wall street crowd, by pur-
chasing S25,o00,000 worth of gov
ernment bonds Not two hours be
fore the order was officially issued to
buy those bonds Secretary Gage
assured newspaper men that no bends
would be bought Later he received
his orders from Wall street, and
promptly obeyed by ordering a
purchase of bonds When the Wall
street gang squeezes the pubic, the
government never goes to the relief
of the public, but let the screws be
turned few times on the big epecu-
Iators, and the treasury dumps q big
wad of public money into Wall
street to ease the pinch, aud the
guIlibie public is expected to accept
the statement that it ls patriotic
act, done to prevent financial panic,
when it is we'll known that it is
really done to prevent loss on the
part of the big spectators. who do
not hesitate to make situations threat
ening money panic whenever they
think it profitable to do 80. because
of their knowledge that the United
States treasury is behind them
There will come time-it will have
to come-when Wall street specuiat