The Kimball graphic. (Kimball, Brule County, Dakota [S.D.]) 1883-1905, 1893-10-21
Henry cIews' WeakIy Letter.

buIInS tuC phot WSCh Ndll stESCt hua
continued to suffer from the delay of the
senate in reaching a vote on the silver
question. Other influences have been fa.
vorable, almost without exception; but
the larger operations of finance, whose
issues extend away into the distant fut.
ure, refuse to move until some certainty
is reached as to what is to be the quality
of the money in which contracts are to be
settled. Transactions which may be
liquidated u few weeks or months hence
stand in different category; for in such
cases payments will, in any event, be
made in good money but even such ope.
rations suffer in sympathy with those
more lasting ones which cannot afford to
assume any risks as to the future money
of payment.
Nor do the doubts raised by the attitude
of the senate involve merely monetary
risk. They also raise a very serious poll
tical oues.ion-one which is fundamental
to the stability of every national interest
1t is impossible to ignore the fact that we
are threatened wlth the possibility OF
break down of one of the coordinate
branches of the national government. AL
ready, it is demonstrated that Il minority
of the senate may become SO demoralizcd
and so defiant OF the preponderant puble
sentiment as to prostitute the liberties OF
debate Tor the prevention OF Legitimate
conclusion OF IL great public question Ii
the minority on the silver question fail to
commit such u wicked violence,
it will be only because they fail
in physical endurance. This
amounts to u virtual failure in one of tho
most vital of our political Institutions
the right OF the majority to govern. 1t is
demonstration that we can not safely
trust to the members of our highest legis
latiye body the rights and liberties OF
debate which every statesman is bound to
respect with mlfailing and conscientious
| honor a more alarming failure in the
exercise of the functions intrusted to con-
| gress has never occurred in the his ory OF
| the nation and the dstrust thus thrown
| upon our political Institutions seriously
| nggravatcs that which comes from the
| obstruction of the senate vote on the sill
| yer question.
The public indignation at the insolence
of the senate minority has sbeen steadily
| rising, andit will certainly brook no irre'
| parable deieat. Public opinion and popu'
| lar organization will know how to rcbuke
| such u revolutionary prostitution of lcgis'
| ia,ive powers and will certainly see to il
| that its demands are finally obeycd, In
| the event therefore of the present defeat
| of repeal there would be no justification
| for the supposilion that the country Is
| doomed to continued endurance of the
|
act. Nor do we think that
such result would produce any
| deep rooted and persistent reaction
towards the depression from which the
| country is now recovering. 1t would have
| the natural effect of tho disappointment
| of an expected immediate relief; but SO
resolute would public opinion be for re.
| versing the action of the senate that there
would be no dependency and no surren-
der of The present settled conviction that
repeal will come at somewhat later
| stage. The effect upon business therefore
would be 10 continue the present check
upon the reviving tendency, rather than q
| new prostrntion OF confidence and gen
eral return to the delnoralized conditions
that preceded the silver vote in the house
| OF representatives.
The process of repair from the late
crisis is progressing AT rate which aft.
fords much encouragement. The rapid
resumption of work in the Industries Is
evidence of the existence of good de-
mand for products and indicates that u
good buying capacity still exists among
the people at large. 1t is also evident
that however much confidence NAV have
been shaken i'll the immediate repeal OF
the purchasing clause of the Sherman
law, yet the feeling is one of entire con
tdence that congress must ultimately and
at no distant day respect the will of the
| country. 1t is somewhat remarkable
how little the prospect of the new tariff
is now influencing manufacturing opera.
tons. 1t Is generally concluded that the
new dnties cannot take effect earlier than
January, 1898; and that leaves producers
free to make all needful preparations fol
the next seasons business.
Contrary to all previous experience
money is flowing in large amount to this
center vt the middle of October, the sea
son ut which il has always gone to the in
tcrior for moving the crops. All the ten
dencies are towards a plethora of funds
seeking employment in this market; and,
should the repeal bill pass the senate, this
ease in money will set tapital free for em
ploymcnt in the larger enterprises ant
q promote q general revival of business.