Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1900-01-02
Washington Letter.
IErom our Regular Correspondent

WASHINGTON, December 20, $780,
s"They deserve all tn honor we can
pay them, said President Mckinley,
speaking of the crew Of the battleship
Maine The remains of 80 members
OF the crew, brought from Havana
on the battleship Texas, commanded
by Captain Sigsbee, who was com
mander of the Maine when she was
blown up, have, after funeral which
was impressively simple, been given
final lnterment IN beautiful Airing
ton, on snOw-cOvered knoll near
which sleep the dead soldiers from
Santiago who helped avenge the de-
struction of the Maine. The funeral
arrangements were In charge Of Cap
tain Sigsbee and Chaplain Chadwick,
who made name for himself by his
good work when the bodies were be-
ing recovered from the wreck Of the
Maine, and it was a labor OF love for
them. President Mex inley ami every
member of his cabinet attended the
funeral By order OF Secretary Long
a wreath of galaX leaves was placed
upon each casket as it was lowered
to its final resting place. President
Mckinley hopes TO see congress, at
the present session, provide for the
erection OF monument to the Maine
dead
Speaker Henderson, did not leave
Washingto on during the congressional
recess, but took advantage OF the OPP
rtunity to catch mp on a lot OF
work which his duties as speaker had
prevented his dong before.
when the commit tee OF army OH
GERS appealed Tor contributions 10
the tund Tor ne widow "nH children
OF Gen,ia L1Wtoh hey only expected
TO get enough 10 ti'ke up the mort
gage on hls home, hut the cohtrlhu,
tions have been 50 numerous ana
nneral that they now nope the luhd
will reach Sot,OOO oy january l.
when 1t VIII oe closed
] \. Adaer. Of San Antonio. Tex.
who is visiting IN Washington. SAID OF
sentiment in his state: "A great
many men down our way look npon
the abandonment Of silver by Con
gresham SihI-v, Of PrnnSylVa..i;s, as
the most significant recent polite ii
happening In tn section | live in
free silver sentiment has been greatly
on the wane, and the speech Of Sihlev
will have no small effect, in spite of
the distance at which it was deilv-
cred i'm converting many OF hers. who
even now are inclined to believe that
the 16 TO policy is a great deluSion
It would not greatly surprise me to
see Texas Il sound-money state in
the near future, though the politi-
clans may hold it in line for BRYAN
Mr. Roberts director Of the mint,
who IS recognized as an authority on
financial matters. DISPOSED of the
Democratic claim that the. recent
furry in the New York stock market
was caused nv an insufficiency Of
r,,7uey in circulation when he said:
NO possible suppiy Of money ear,
prevent sock exchange l,ar,jc~ or
periods OF monetary stringencv. he
cause sDrcuIati0n and RISING nrices
will absorb any pOsSihIe increase
untiI The pressure for ready cash is
inst IS great upon rhe ew blame as
II was mon the old. The cry for
money is as nnappnos bic as tho de
mand for more ue:.i,l.. A new supply
instead of satisfying the demand
stimulates it. Meu want money to
buy Things with-eood things that
they think are going HIGHER, Give
easy money in the banks and we
have bankers encouraging borrowers.
AS = result. stocks 90 up.and as they
90 nm more neopIe want TO buv and
so the demand for money ircrpases
You can't furnish money fast enongh
to meet the demand of all who wonId
like to borrow, while prices are going
I'D. nor could all the gold aud silver
mines in the world together keep
prices going up forever. The real
secret of these reactions is in specula-
tons on margins. Those people who
are CRYING that they have been forced
to throw away their property had
never paid for their holdings. They
Borrowed money on call to make
small payments, hoping that a right
e;urn in the market would give large
.ro6ts. But in that class of opera
lions losses come as easily AS profi+s.''
The contest before he senate eIpr.
tion committed. involving the seat