Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1901-11-01
WASHINGTON NEWS

Oul COllGSD OlQClll NalANQ On
Secretary of the Treasury Gage,
after his return from Milwaukee,
and asked the Secretary to some
what further elucidate his financial
creed as given to the American
Bankers Association. Mr.. Gage
replied that he hardly cared to go
into the subject more extensively
at this time as he was just prepar-
ing his annual report, and that to
do so would be to steal the thun-
der" from that. Then l under
stand that an elucidation of those
ideas and the methods by which
they may be carried out will form
the chief topic of your report ?"
was asked. mot precisely. Ibid
not say that" the Secretary re-
piled. But substantially" "Well,
to a considerable extent" Mr.
Secretary, the papers opposed to
the administration are charging
you with favoring the bankers at
the expense of the people and that
by your system you would put the
people entirely in the power of the
bankers" "Of course, that was to
be expected. But that arises from
a wrong conception of the facts.
Those papers don't, or won't, ap-
preciate that the prosperity of the
of the bankers depends upon the
prosperity of the people, that their
interests are identical. Would
you not place in the hands of the
bankers the power to initiate or con
traetthe currency at will ?" MY
4ea is simply to get the govern
ment out of the banking business
That is not its province and it is
the province of the banks. Blu
you must wait for my annual re
port for further details.
Speaking of financial conditions
in the West, Mr.. Gage said that h
r found everything extremely salts
factory. That there was no evi
dence that crop failures would re
5 suit i'll an increase of farm mort
! cages, and in fact the Republican
prosperity showed every evidenc
of continuing at the flood" TIL
}, Secretary further said, I'VE hav
e right here in the treasury,a baron
e eter which is never failing in tn
demand for bills of small denom
nations. We are working our fore
at the Bureau of Engraving an
a Printing two hours over time an
) the mill that manufactures til
i paper on which they are printed,
!. turning out four million extr
sheets per day, and still we cannC
II supply the demand. That is til
Il best evidence i'll the world that I'll
/ crops are moving smoothly an
20 that money is i'll general circul
4 ton. Yes, there is abundant pro
perity in the West"
" President Roosevelt returne
4 from New Haven Thursday NOR
lie ing, and on Friday morning he
,r the first fully attended Cabin
= meeting of his administration.
somewhat surprised his Cabinet
Ut the announcement that he won
~ write his entire message himst
to instead of calling upon the va
f. ious members to write those pc
; tons dealing with the work
their respective departments. !
r further stated that it was his inte
"a ton to state the facts, without ma
nd ing recommendations. in regard
nv several of the important matte
Congress would have to cOnsid,
He read some excerpts from t
- message and the impression of
advisers was that the paper wou
all be a conservative terse productiC
ne probably somewhat shorter tn
ID has heretofore been the case. II
he said that he will recommend t
establishment of a Department
ny Commerce and Industry.
he Before committing himself on t
Id, reciprocity treaties, it is his DIES
-n- to learn the views of promint
he Republican Senators, and to Il
r. end he has summoned a numl
iol to the White House. The H;
ca Pauncefote treaty will also be
RS, orally discussed. The Presid,
of has had a conference with Sena
nv Aldrich, of Rhode Island, who,
will be recalled, advised Presid,
AP Mckinley that the Senate was
; IS favorable to any more reciproc
Ike treaties or to any revision of /
rm Dingley tariff bill. What he a