The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1892-06-09
WASHINGTON LETTER.
From our Regular Correspondent.
W.crI,NcTON lime z 100

From our Regular Correspondent
WASHINGTON, June 8, '92.
On to Minneapolis! in now the cry,
and most of the prominent republicans
in Congress are either already on the
way there or preparing to go. An under
standing has been reached by which the
business of the house will be confined to
routine matters until the republican
members get back. and the Senate has
unanimously agreed that vote shall
not be taken on the free coinage bill un-
til after the IA inst.
There is no change in the situation so
far as the nomination is concerned. and
none is looked for by those wellinformed
until the delegates get together and ex-
change ideas, although there are plenty
of men who will tell you positively that
the nomination of the President on the
first ballot is assured, and just as many
who say they are cock-sure that Secre-
tary Blaine. will be nominated by accla-
ultllOu, lhoS (HS hoi'>
will not 60 before the convention. These
statements are necessarily based almost
entirely on guesswork and the personal
wishes of those who make them. Who
ever the majority of the delegates, who
are uninstructed, shall agree upon will
be the nominee, and the next President.
That much all republicans are confident
of.
Senator Hill was very neatly trapped
into showing his hand on the silver
showing his hand on the silver question
this week, and he voted with the silver
men, as it has been generally supposed
that he would when he could no longer
dodge vote. The new Senator from
Virginia -Hunton-also voted with the
silver men. Senator Morgan says he in
tends to try to force final vote upon
the free coinage bill before the demo-
cratic national convention meets.
What, if any, effect will the Syracuse
convention have upon Mr.. Clevelands
chances at Chicago? 1t is bclieyes by
most outsiders, that is to say, those
who do not care whether he is. or is not
nominated, that i. will have very bad
effect, if it does not result in getting him
absolutely repudiatcd. But the Cleve-
land democrats try to appear to mean
hat they say when they claim that the
appearances at Chicago ola eontesting
delegation. elected by boiling eonven-
ton, will not injure Mr.. Cleveland, al
though they do not succeed very well.
Republicans are much pleased at the sit
uation. The Syracuse convention has,
in their opinion, made it certain that
Heither Hill nor Cleveland could possibly
carry New York.
About the first party to get off for
Minneapolis were guests os Senator
Stockbridge IN his nFiYate gar, among
them beng the following gentlemen:
Senators quay, 6allinger, Pettigrew,
Sawyer, and Jones of Nevada: Ex-Sena-
tor Malone, and Representative Bur-
rows.
Senator shAssrrmmaa's sneeeeeh against the
Tree coinage bill, WHICH took up a pr
ton OF two days, this week, is regarded
as the greatest effort of his life by those
who agree with him, and is conceded by
those opposed to have been the ablest
presentation of the opposition to the
free coinage Of silver yet made in con-
gress. Mr.. Sherman .prefaoed his speech
with the statement that he did not con-
slider the question political one, and
followed with plain, condensed state
menr of the financial legislation of this
country for the past thirty or forty
years. He spoke with more earnestness
than ever remember to have seen him
display before, and bis speech is certain
to be in demand as campaign docu-
ment, if the silver question is to play any
part in the coming presidential campaign.
He made several startling assertions.
For instance, that under the pending bill
any holder OF silver bullion may have it
minted into silver dollars at the rate
sixteen ounces of silver to one of gold.
But the trouble is that one ounce OF gold
is worth more than sixten ounces of sill
yer. An onnce of gold will buy today in
any market in the world twenty-three
ounces Of silver. And again: "The de-
posits in our saving banks foot up ST.
623, 100000. What will be the effect of
the free coinage of silver on that vast
amount of money? 1t would take away
one-third, or $4,000. 100000 from it's
value If the depositors should attempt
to draw out their money in gold or on a
basis Of goldit would precipitate panic
and bankrupt the country. The labor
ing classes, the pensioners and the saw
ings banks depositors are the people who
woald be injured. God only knows-I
do not-who would be benefited by II. .
The joint resolution making the 10th of
October 1892, a general holiday in COM
incarceration of the four hundreth ami
versary of the discovery of America; has
been adopted by the Senate.
Ex-Sp.aker Reed will be one of the last
Congress men to start for Minneapolis.
but he will be neither last nor least in
influencing the action of the conventions.
In certain contingency he may become
thecandidate, and his nomination would
suit most republicans too. Don't uutler-
stand me to mean that Mr.. Reed Is. in
any sense, candidate, for he isn't: but
be may be nominated all the same.