Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1890-12-25
WASHINGTON LETTER.

0DslTdlth w S'SsNSA
aver before the wisdom of the re-
publican party in electing him Pres
;dent. He stood between the people
and a hundred wildcat financial
schemes which promised on their
faces relief to the stringent money
market. and which each had their
ardent and earnest advocates in
House or Senate, the enactment into
law Of any one of which would,
in the opinion of men who have
made lifetime study of finance
ard commerce, have been followed
in the near future by such a financial
storm as this country has never yet
seen. Mr.. Harrison, before making
up his mind upon this important
subject, had taken the advice of
every accessible prominent Republi-
can. in and out of Congress, whom
he believed capable of advising
him. and when he once came to IA
conclusion as to how far it would
be safe for Congress to 90 be let it
be known among republicans that
he would not sign any bill which
goes beyond what he considers the
safety financial line. And there he
stood, aud for that matter still
stands, as immovabie as the rock
bound fortress of Gibraltar.
His action has greatly displeased
some of the financial extremists in
the republican party; also the mil
lionalres who We're preparing to
speculate on the financial necessities
of the country, but it pleases the
conservative men, who compose
nine-tenths of the republican party
The new silver bill approved by
the republican caucus and which IL
to be adopted next week, even if the
Senate has to sit Christmas, meets
the approval of the President, and
will add large amount TO our pres
ent circulating medium.
If vote on the election bill can
be reached before Christmas the
republican Senators will favor
longer recess than they otherwise
would.
In spite of the fact that leading
democrats openly stated on the floor
of the House that the apportionment
bill was fair measure and an
nounced their intention TO vote for
it, that party wasted whole day in
efforts to obstruct the passage of the
bill which they knew was inevitable,
even had their party voted solidly
against it. The truth of the matter
was, they had howled from every
stump in the land about the parti-
san apportionment which the repub
licans intended making, and al
though compelled to acknowledge
that the bill was entirely free from
partisanship, they felt that in order
to prevent their constituents asking
disagreeable questions they must
make pretense of opposing it.
About the same line of proceedings
is likely TO be adopted by the demo-
cratic Senators when the bill is
taken up by the Senate.
The joint committee OH immigra-
ton, headed by Senator Chandler
and Representative Owen begin an
investigation next week, In accord
ance with Congressional resolu-
ton, into the purchase of American
industries by foreign capitalists and
the effect upon the American work
ingman.
A resolution has been reported to
the House from the postotfice com.
mittee setting apart January 9th for
the consideration of the bill for a
postal telegraph system. Opinion
seems very much divided as to
whether the bill will get through.
| don't believe it will.
Representative Hopkins, of Hi
nois, has introduced a bill to pro-
hibit speculation in gold and silver
certificates representing deposits OF