Marietta daily leader. (Marietta, Ohio) 1895-1906, 1899-12-30
The Politician.

brought from Havana on the battle
ship Texas, commanded by Capt. Sigs-
bee, who was commander of the Maine
when she was blown up, have, after a
funeral which was impressively sim
pie, been given final interment in
beautiful Arlington, on a snow-covered
knoll near which sleep the dead SOL
dlers from Santiago, who helped
avenge the destruction of the Maine.
The funeral arrangements were in
charge of Capt. Sigsbee and Chaplain
Chadwick, who made a name for him
self by his good work when the bodies
were being recovered from the wreck
of the Maine, and 1t was labor of love
for them. President Mckinley and ev-
cry member of his Cabinet attended
the funeral BY order of Secretary
Long wreath of galax leaves was
placed upon each casket. as it was low
cred to its final resting place. Presl-
dent Mckinley hopes to see Congress,
at the present session, provide for the
erection of monument TO the Maine
dead.
Speaker Henderson did not leave
Washington during the Congressional
recess, but took advantage of the OPP
portunity to catch up on lot of work
which his duties as Speaker had pre-
vented his doing before.
When the committee of army officers
appealed for contributions to the fund
for the widow and children of Gen.
Lawton they only expected to get
enough to take up the, mortgage on
Gen. Lawton's California home, but
the contributions have been so num-
erous and liberal that they now hope
the fund will reach $4,000 by January
l, when it will be closed.
Mr.. ]. N. Adger, of San Antonio,
Texas, who is visiting Washington,
said of sentiment in his state: "a
great many men down our way look
upon the abandonment Of silver by
Congressman Sibley of Pennsylvania,
as the most significant recent politi-
cal happening. In the section 1 live in
free silver sentiment has been greatly
on the wane, and the speech Of Sibley
will have no small effect, in spite of
the distance at which it was delivered,
in converting many others, who even
new are inclined to believe that the 16
to l policy is a great delusion. 1t
would not greatly surprise me to see
Texas "a sound-money state in the near
future, though the politicians may
hold it in line for Bryan just one more
time"
Mr.. Roberts, Director of the Mint,
who is recognized as an authority on
financial matters, disposed of the Dem
ocratic claim that the recent furry in
the New York stock market was caus-
ed by an insufficiency of money in cir
culation when he said: mo possible
supply of money can prevent stock eX-
change panics or periods of monetary
stringency, because speculation and
rising prices will absorb any possible
increase until the pressure for ready
cash is just as great upon the new
plane as it was upon the old, The cry
for more money is as unappeasable as
the demand for more wealth. A new
supply instead of satisfying the de-
mand stimulates It, Men want money
to buy things with-good things that
they think are going higher Given
easy money in the banks and we may
have bankers encouraging borrowers.
AS result, stocks go up, and as they
go up more people want to buy, and so
can't furnish money fast enough to
meet the demand of all who would like
to borrow, while prices are going up,
nor could all the gold and silver mines
in the world together keep prices go
ing up forever. The real secret of these
reactions is in speculation on margins.
These people who are crying that they
have been forced to throw away their
property had never paid for their hold
ings. They borrow money on call to
make small payments, hoping that a
right turn in the market would give
large profits. But in that class of op-
erations lcssess come as easily as prof
it's"
The contest before the Senate Elec-
tions committee, involving the seat
now held by Senator Clark, of Mon
tana, is to be taken up and decided as
soon as Congress reeonvenes. 1t is
going to be quite costly affair for the
Senate, as about eighty witnesses have
been summoned to come from Mon
tana. The mileage and pay of these
witnesses alone will cost in the neigh
borhood of $4,000 and it is estimated
that $4,000 more will be required to
meet the other expenses of the contest.
Senator Clark expresses confidence in
his ability to absolutely prove that
the charge of bribery brought against
him is part of conspiracy to get him
out of the Senate
Nobody in Washington believes that
there is even the remotest possibility
of any trouble between Great Britain
and the United States because of the
seizure Of an American cargo of -four,
alleged to have been intended for
Beers, by a British warship. As a
rnatter of cnnrse Sacratarv Hav in