| Show washington LETTER washington july 21 1898 As AB congressmen slowly gather for the extra session those who advocate the repeal of the tax on state bank currency and the consequent return to that sort of money are finding opposition in unexpected quarters to the idea and already it is ia being whispered around that president cleveland would be glad to see aee it killea in congress Con grem as aa he does doea not wish to veto it because of its ite having been demanded by the chicago platform the repeal of the tax la is certainly more doubtful now than it was waa considered to be several months montha ago general joseph T torrence Tor recce of chicago to is responsible for the statement that president cleveland promised secretary gresham the administration support in his bie campaign for th the 0 D demo emo cratic presidential nomination I 1 in n 1896 89 9 gen torrence in IB a personal friend frien ead and a great admirer of gresham greeham and for that reason his words carry great weight he says saye there JB Is nothing disgraceful in such an understanding it came about naturally judge gresham could not afford to give up a life position on the bench for a four years term in the cabinet without some such understanding YS the news fakers bakers seem to have taken bearings sea as a base from which to scatter midsummer mid eummer sensations lug last week they reported that england was waa massing troops and ships to resist the decision of the arbitrators if it were unsatisfactory and this week they report that U US S B S mohican was disabled by a pirate sealer one state ment was just as probable as am the other and neither of them received any serious consideration here secretary carlisle has returned from the worlds fair and is in again at his bis desk it is understood that he be will devote the geater portion of his time between now and the assembling of congress to financial matters especially to arguing with congressmen against attaching any other legislation to the bill for the repeal of the sher man law he claims to feel certain that if a bill for repeal is allowed to go before congress without any hamper ing side issue it can be passed easily it will not require a very long wait to aicer ascertain tain bow good a foundation he has tor for that feeling according to advises advices received this week speaker crisp will not come to washington until august 6 5 having no opponent for nomination to be speaker he sees no reason why he should come before then it in expected that the usual delay in selecting the chairmen and members of committees at the beginning of the new congress will be avoided this time and that mr crisp will have the selections elections all made when he be comes and that they will be au an as am soon as he is elected speaker the speech made t the bankers of new york at a banquet in that city tuesday night by mr air eckelson Ec feela comptroller of the currency has been much talked about here and a number of the sta state mei ts is made by him do not meet general approval from congress men at present in washington for instance it to is thought that his hip asser tion that only banks connected with speculative booms have been coal polled to suspend was more sweeping than the loots would justify but this part of his bis speech which was the most talked about and which caused most astonishment was the following in conclusion permit me to aa say y that I 1 in bulge neither in extravagance of speech nor undue flattery when I 1 say that the course followed by the banks of this great city new york throughout the past stress has been such as to commend them to the good wishes of every citizen ot of the republic there has been displayed a wisdom that has h met every emer emergency geney and the maintenance of s and condition of aflalo on the part of the banks has been a constant source of inspiration to all the country truly tills this was wall remarkable language to come from a member of the administration the some same adminis t ration which these same much praised bankers refused to furnish gold to on any other condition than the issue of bonds a refusal which WM was a potent factor in adding to the distrust throughout the country another thing thine done by these bankers which may appear to be wisdom to mr eakles was waa to throw out of the now new york clearing house all of the silver certificates issued under the bland act of 1878 and to notify other banks that the clearing house bouse would RO no longer handle them nearly of these certificates are in circulation they are not legal tender although the blank silver dollars upon which they are issued in ie and would be exchanged upon dimand demand for the certificates at any of the united states treasury the next time prepares a speech for the now new york bankers he would better submit it to secretary carlisles blue pencil before he delivers it |
