Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1857-11-21

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~ ~ s ss IS, WAsaIssTqS, .. G., Nov. IL 1901
4 Asths AiklIf SO hWai& 10 oestxin ~ -
: notes TIE Apptoach ~ = The nssnssl q kne
ents Of the S,ess. indisstss that he snnstqeseng
of Congress is near Ut hand Already thess ind.s-
trious gentlemen have commenced to pr0epeeg fos
news and gossip all Of which Is duly ehsoncaed ana
conveyed to the public through the columns OF the
press they individually rspressnt. Your cores
pendent, not to be behind the members ef he bro
therhood therefore embraces the occasion Of 3 nne
Indian summer day to resume his conumunseatons
to the Standard and to jot down few observa
on matters and things in general in anticipation Of
the meeting Of Congress- by way Of preface to tho
regular chapters which will properly comnenes with
the first week Of December.
Recent events in the financial world and the cur
rent course of affairs in Kansas, are likely TO g-
gest the leading subjects Of discussion IN ConEsess
! during the coming session. The former wiz en-.
brace full examination into the questions q esr-
rency, Of banking IS row practced, and Of tho Ia
riff involving also close scrutiny into the receipts
and expenditures of the Government. These are
old questions discussed years ago. yet evidently not
fully settled according to sound principles OF poslti.
cal economy. The sudden embarrassments OF the
day make an investigation into their cause = work
Of the highest duty to the public as also the apPiea'
ton Of . remedy which shall protect as far % legas-
ation can protect the business and interests OF the
: Country from a repetition Of these disasters.
new race of men has come upon the active tstAge
since the great crash Of 1887, and there is now
necessity for recurring to the experience Of the past
to form accurate judgment of the future, well
as to trace the causes which have produced the
general results at regular intervals Of time. .'
1t should be borne in mind, however, that Con-
gress do little nothing towards allevating the
endorsements in finance under which the Country
is now suffering. These embarrassmeRts peIyade
Al. rl11oC ~1~:> AnA hAu EpNUA
the action of various causes, now producing their
legitimate effects, and it is probable that an atteupt
by Congress to adopt measures of relief If any sach
measures are within its power, would end in still
further arrangement and consequent losses to ndi.
viduas and the public. 1t may now do something,
by exercising its full power in controlling the cur
rency. towards preventing such frequent and ruin
Gus fluctuations in business and the prosperity Of
the Country, but q recovery from the present ills
can be expected only from the regular operation Of
the laws of trade, which will accomplish the end
desired more speedily by the force of their natural
action, than if disturbed by meddlesome legislation
The only immediate and efficient remedy is with
each individual, whose duty it is to set his house in
order to live within his MEANS to pay his debts, and
to exercise greater caution hereafter in contracting
them. .--=- e----.-.--r- .r'' --s' .a7'--'z
1t is generally understood that the President will
devote portion of his first message to considers
ton of the currency question. The precise nature
of his recommendations cannot, of course, be known
now; but it is quite certain that they will be en-
tirely consistent with the views set forth by Mr..
Buchanan when in the Senate, which were pretty
generally published by the Democratic press during
the late Presidential contest The President is
jackson hard money man, and it will be seen, on
consulting these views that they recognize gold and
silver only as constitutional currency. The ten
dency Of public opinion is now very decidedly in
the direction, and general disposition pre-
walls to question the right under color of which pa
per currency is issued. The Constitution forbids
the States from emitting bills Of credit, That pro-
hibition was aimed specially at the continental mo-
subsequent to the revolution 1t seems to be con-
elusive argument that the State Legislatures have
no power to delegate to Corporations privilege
they do not possess themselves.
The Country must be pretty we'll tired of Kansas.
land it would be fortunate if the subject could be
buried to rise no more Yet the current course of
affairs in that Territory, the action of Gov. Walker
the formation of its State Constitution. and its ap-
plicaton for admission into the Union forbid the in
diligence of such hope. 1t will occupy portion
of the session and perhaps occasion angry debate,
yet it can scarcely be again made the pretext for
renewal of the fires of sectional discord. The fu.
ture condition of Kansas may be regarded as fixed,
and although the policy of Gov. Walker may de-
the most decided disapprobation there is
thing now to be gained by a revival of the agitation
The conduct of affairs in the Territory will undergo
close scrutiny, yet it will probably end in admit
| ting Kansas State without serious opposition.
Oregon will present her application to be admitted
ne q State and SO will Minnesota. The proper poll
| cy to be pursued towards the Mormons of Utah is
also to be decided upon. revision Of the Tariff
may also up, not for the purpose of effecting
an increase in the from customs but to
feet the bill hastily passed at the end Of the last
sion These will form the leading subjects of egis.
aton and the prospect is fair that the session will
be useful one to the Country aud promote it's real
interests.
Next to the legislation of Congress- interest Il felt
here in the organization of the House of Represen-
tatves. Several persons mentioned in connec-
ton with the Speakership, all of whom, with one
exception Representatives from Southern States
In fact a very few of the Democratic members from
the northern States have been in Congress be-
fore, while a large proportion of those from the
south old members. Hence the greater number
from that section who possess q knowledge Of the
business of the House necessary to qualify them to
preside it. Mr.. Orr, of South-C Carolina, per.
haps ID the most prominent candidate, and accord
ing to present appearances will be selected for this
! responsible post. The northern members, some Of
whom are already in Washington, are very jealous
in his behalf. For the Clerkship there are various
candidates. 1t is obvious that if southern Speaker
! be elected, gentleman from a northern State, on
the principle of fair compensation, stands the best
| chance of success. Hon. James @. Allen of hi.
nos, member of the last Congress- is already here
I He starts in the contest with . goodly array Of
strong personal friends. and being gentleman Of
popular manners and of abundant qualifications biz
| prospects of success more than aatterng. he
has many friends in the Old North State especially
about Wilmington, where he made, some two years
! since political address which was received with
great favor by q large audience. They will doubt
less rejoice to hear of the of his aspirations
| For noorkoonor poafmaofer andS .nf.~ a ARM