Evening star. [volume] (Washington, D.C.) 1854-1972, 1885-03-12
POLICY OF THE NEW ADMINISTRA.
TION.


The fact that President Cleveland failed to
speak of the silver question in his inaugural
does not signify, as some of the silver men sup
posed, that the action of the House on that
question, and the reply of Warner and Reagan,
convinced him that he was wrong in his position
on the matter. On the contrary those near to him
say, his opinion has not changed in the least,
and his only reason for silence in his address was
because it had been but q few days since he had
given full expression to his views upon the SUBJ
tect. This habit of speaking once for all time is
one which Mr.. Cleveland'S friends say he is re-
markabie for, and the fact of his not taking the
trouble to repeat q declaration, which he had
once made, cannot be taken to indicate that he
has changed his views. The finances of the
country Is one of the first subjects which will
occupy the Presidents mind, after getting
things In working order, and will be the subject
ofcabinetd .scussion while politicians are think
tant thing occupying the executives attention.
During the recess of Congress the silver ques-
ton Will be very seriously considered, and as
soon as congress meets determined effort will
be made to effect suspension of the silver
coinage, or to SO settle its relative value to
save gold from the danger of demonetization.
Meanwhile 1t Is expected that an effort will be
made to bring about an agreement with other
nations upon standard value, but the pros
upon as good as long as we are coming Bland
dollars at the present rate. The effect of this
continuous coinage, Mr.. Cleveland holds would
as It occurred would deonetise it, and ID saSe s1H
out of circulation about $500, doc, 900, which
would have to be replaced by silver or by green
backs. According to the present yield of the
silver CROP in this country 1t would take
about twelve years to replace the gold with
that metal unless we buy the silver boarded in
the vaults OF France and Italy. We would at
tract "A the silver of Europe, which Is claimed
to be what the powers there want; that, getting
rid OF the body of it. they would not suffer from
q depreciation in its value. On the other hand,
1t Is held that suspension of silver coinage
now would force the powers to an agreement at
once to save the value of their silver at home.
The President will probably devote consider
able space to this question in his first message
to Congress, taking about the same grounds
occupied in his letter IN reply to the silvermen,
and setting forth more particularly the dangers
arising from the circulation of a dollar which
on the least rise in the value of gold would fall
off twelve cents on the dollar.
Our foreign relations also are occupying the
tect of prompt consideration. The treaties with
Spain, Mexico and Nicaragua will probably all
be reconsidered; but the action Of France and
Germany with relation to American products
will probably be given the most attention. The
representatives to these countries will be Sc
for vigorous policy. The ques ion of retalia-
tion, which the House foreign affairs commit
tee recommended by the adoption of Mr. LIE
Fevre's resolution just before the adjournment
of Congress, will be seriously considered, and a
new treaty with Germany may be effected. A
developed very early in the administration.
Upon other very important questions of pub
lie policy the President has very decided Opin-
ions, and will set his cabinet to work upon Sc
rlous matters very promptly. The tariff and
revenue and questions with relation to the pub
net conferences between this time and the
meeting Of Congress.