Cleveland exists is plain to nil, but
your correspondent does not think,
reports to the contrary notwithstanding,
that it will be carried to .the extent
of opposing confirmation nny of
thcCnbinct nominations, although noth
iug would be more to the liking of
Senator Hill but Senator Hill is too
shrcwed a politician to butt his head
against a brick wall. Unless he has
positive assurances from a sufficient
number of Senators to make it certain
that he can defeat the nominations it
is not probable that he will openly oppose
the'iu.
Senator Gorman says that he docs
not favor an issue of bonds unless it
becomes absolutely necessary in order
to keep up the gold reserve in the
Treasury. His bill authorizing the
Secretary of the Treasury to issue
50,000,000 in five year 3 per cent
bonds for the put pose of replenishing
the gold reserve which has been favorably
reported, is simply to save
some money for the Government if
bonds have to be issued. Xo new
law is needed to issue bonds, but
bonds issued under the present laws
would have to bear not less than 4
per cent nnd nm far a longer period
of years; hence Senator Gorman's
bill. The President is so strongly
opposed to nu issue of bonds that it is
certnin that nothing short of the
direst financial straits would cause
him to allow it while he remains in
office, nnd Secretary Foster says lie
sees nothing in the situation to require
it at this time.
The President having forwarded the
treaty for annexation of Hawaii to
the Senate, accompanied by a message
recommending its immediate
ratification, has gone to Maryland for
two or three weeks duck shooting.
