Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1901-11-02
WASHINGTON NEWS.
stems OF fntcr~ss fram oar wash,ngton
Correspeudee

arv 10 somewhat further eiucidate
lis financial creed as given to the
American Bankers Association. Mr..
Gage replied that he hardly cared 10
70 into the subject more extensively
at this time as be was inst preparing
his annual report, and that TO do 40
would be TO ''stcal the thunder"
from that. Then undersatnd that
an elueldation of those ideas and the
methods bv which they may be car
ried out viii form the chief tonic OF
your report'Y was asked. Not pre-
cisely. l did not say that, the Sec
retarv replied. Bat substantially -
We'll, to considerable extent. Mr.
Secretary, the papers opposed to the
administration are charging you with
favorina the bankers at the expense
of the people and that by your system
you would put the people entirely in
power of the bankers. y "Of course
that was to be expected. But that
arises from n wrong conception of
the facts. Those papers don't or
won't, appreciate that the prosperity
Of the bankers depends upon the pros
perity of the people, that their inter
ests are Identical . would you not
place in the hands of the bankers the
power to initiate or contract the cur
rency Ut will2' " NV idea is simply
10 get the government ont of the bank
ing business, That is not its province
and it is the province of all hanks.
But You must wait for my annual re-
port for further details y
Speaking of financial conditions in
the West, Mr.. Gage said that he found
everything extremely satisfactory.
That there was no evidence that crop
failures would result IN an increase of
farm mortgages, and in fact the ropub-
lican prosperity showed every evidence
of continuing at the food. The Sec
rotary further said 1--WE have right
here III the Treasury, barometer
which is never failing in the demand
for bills of small denominations. We
are working our force at the Bureau
of Engraving and Printing two hours
overtime and the mills that manufac-
lures the paper on which they are
printed, is turning out four million
extra sheets per dav and still we can
not supply the demand.
That is the best evidence in the
world that crops are moving smoothly
and that money is in general circula-
ton. Yes there is abundant prosper
ity In the West. =
President Roosevelt returned from
New Haven Thursday morning, and on
Friday morning held the first fully.at-
tended Cabinet meeting Of his admin
istration. He somewhat surprised his
Cabinet by announcing that he would
write his entire message himself in
stead Of calling upon the various mem
bers to write those portions dealing
with the work Of. thesr respective de-
partments.
He further stated that it was his in
| tenrion to state the facts, without
making recommendations in regard to
several of the important matters Con-
gress would have to consider. He
read some excerpts from the message
and the imDressionIofIhis advisers was
that the paper would be conservative
| bs.h lxy ,x.yl,e ~
shorter than has heretofore been the
case. 1t is said that he will recon-
mend the establishment of Depart
ment OF Commerce and Industry.
Before committing himself on the
reciprocity treaties, 1T is his desire to
learn the views OF prominent republi-
can Senators, and to that end he has
summoned number to the White
House. The Hay Pauncefote treat y
will also be literally discussed. The
President has had conference with
Senator Aldrich of Rhode Island, who,
it will be recalled. advised President
Mckinley that the Senate was not ia
vorable to any more reciprocity treat
les or to any revision o. the Dingiey
| Tariff bill. What he adv .sed Colonel
Roosevelt is not known, although a
good deal of curiosity attaches to his
call.
Secretary Root returned to his desk
] on Wednesday and found many impor-
| tant affairs awaiting him, the chief be-
ing the disposition Of the troops from
the philippines. The expiration OF
terms OF enlistment during the next
three months will reduce the forces by
bout 10, 600 men. and in view of the
recent trouble in Samar and the rec
concentrations of Lieut.. Gen. Miles.
Adj. Gen. Corbin and Gen. Macarthur,
it has been determined to maintain the
present strength OF about 40, 600 men
until further development warrant
I