The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-12-02

Tie short session oil tne 4Otn congress
meets at noon to-day in Washington. As
10Th houses are already organized there
VIbe no delay in coming to order, and
leace the Presidents message will be sent
mat once. .tas
As has been the case for the last five
y4s, the most important topic before
Congress will be the financial question.
resumption on the lst Of January was de-
usedby Congress four years ago, and the
decree still stands, and sec'y Sherman has
n.de and is making all possible prepara-
hus to carry out this decree. He believes
8Ghecan caryitout Notwithstanding the
a.epOsition OF the silver embarrassment,
Md unless he is crippled in some way by
Aat embarrassment we expect to see him
rreed. There was, however. as will be
Ntced, some excitement in the gold mar
ksOn Saturday last, attributable, in part
4 least, to the doubts that have been
thrown around the feasibility OF the re-
SUMPTION programme. II resumption
bOull by any possibility fail on the
tM Of January, we may expect
see a good deal Of such excite
aelt There have bean those who all
doug ghave contended thatspecie payments
an not be resumed on q basis $50, ,0OO, 900
deOin. They point to the fact that Eng
and required $27O, 900 900 oispecie where
nth TO resume in 1915 when she had only
Ei50O, ,OOOof paper aaoat. This might be
mrpredicament but for. the heavy balance
d tnde in our favor, which is bringing
Eecie this way and lessening the demand
brit day by day. There is no pressure
Ihtcver upon the country for specie.
England had all the Napoleon wars to pay
btOy settle in some fashion in 1915. The
Circumstances Of the two countries are
therefore far from being parallel.
There are, however, two barriers TO re-
znption, that may as well be looked in
he lace. One is the silver embarrassment,
nd the other is the non.reduction OF the
Uluns of paper money. People who de-
Eit silver in the bank, worth say IS
Gasin gold, cannot expect to check gold
ut There will arise, therefore, the ques-
Ton Is to what shall be done with the sill
vi. Then will come the possible attempts
d SPECTATORS able to control large
snounts OF legal tender and National
SAnk notes, TO corner the gold market.
There may be some possible embarrass-
seat iron some combination Of this sort,
satHt the same time We are not to forget
;Aa the public sentiment OF the country
'ould come down like an avalanche on
ny conspiracy OF this kind to destroy the
Nblic credit.
In addition TO financial matters there
vii lbea good deal Of politics discussed in
congress this winter. The Potter Com
aitee will resume its sessions and the Re
pUSicaas will try to saddle on 1t an inves-
tsadOn Of the Tilden cypher frauds. They
vii also call for an investigation Of the
so'OriOus frauds that have taken place in
SoUth Carolina. The business Of making
t1ptAl for 1880 will be put under way as
N As possible by both parties between
low and the 4th of March. The Presi-
aents message is expected to set the ball
"a notion in regard to the manner in
Which the Southern elections were con-
Sa'tSl this fall. On this point, as on all
chen, it will be read with unusual In
trk. 80. 6-