Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1890-11-27
WASHING TON LETTER.
From our regular corresponding.


elections is the hardening of the
times, caused by the distrust of the
financial policy of the incoming
House of representatives. All
sorts Of financial schemes of the
widest character will be proposed,
and whatever may be the outcome
they will make capital tlmid and
arrest many enterprises that were on
the point of being executed. The
first effect of this may be seen III
the present panicky condition of the
New York money market. The
tariff act would have set on foot
many new industries which will be
prevented or delayed by the doubt
created as to the industrial policy OF
the future. The exuberant Joy i'll
foreign markets over our elections
is the best evidence of the danger
we have to meet. Foreigners do
not understand the conservative
nature of our Institutions, which
require more than one election to
change our policy, but timid men
among US will be affected by the
hopes and expectations of foreign
manufacturers and will not engage
in competition until satisfied of the
stability of our protection policy.
"And then who can tell what will
be our standard Of value? The I'M
mediate fall OF silver upon the nap
peulng of an election is an indlca-
aion Of dirtrusJ aud alarm. The
policy of tieing together gold and
silver, with an increase of currency,
gave a hopeful outlook for the
future, but renewal OF the contest
for Tie free coinage Of silver will
cause an expectation or boarding OF
gold and IA relative fall of silver.
Our only course as republicans is to
maintain and strengthen our INDUS
trial policy ON the line we have
pursued IN the hope that by the next
election the people will DE con WINGED
by the test OF time that the tariff
act will not advance prices, but will
advance home industries"
The President is credited with
having coined a new name for those
republicans who voted against their
party at the late election. He calls
them "brevet democrats"
Senator Spooner has arrived here.
He does not appear at all cast down
by the defeat of the party in Wis
consin. lie .saXg Il WAS The sehnAL
question that made it impossible for
the republicans to win in that state.
Mr.. Spooner thinks the republicans
will 20 on with their business at the
coming session of Congress just as
though there had been no election,
and he has no doubt of the passage
of the election bill by the Senate.
Senator Plat is also in town this
week. He says the Connecticut
legislature is all right, and that he
expects to be his own successor in
the Senate.
The shrewdest of the democrats
have become very much alarmed at
the prospect ahead of their party,
and an attempt is being made to put
an end to the bitter fight, which has
already begun over the Speakership
and the other officers of the next
House. Senator German has, tigur-
atively speaking, read the riot act to
quite "A number of the smaller fry,
loud-mouthed members of his party,
and Representative O'Ferrall, OF
Virginia, who was a sort of demo
cratic leader in the House during
the last session, has been talking
right out loud about what the demo
Gratis will have to do if they don't
want to be showed under in 1892.
He says: "The great mass of the
people love county more than party,
and two years hence they will rise
up against us if We make fools of
ourselves" All of which is true,
but it doesn't stop the Speakership
fight, into which the Democrats are
Jumping blind-folded and striking
out right and left. There are al
ready twenty candidates, and the