St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-05-28
II CANNOT Be DONE,
The Sherman Act Can Be Re-
pealed Only in a Relief
Measure.
and This Is the Reason No
LXtra Session Has Been
Called.
.-Torton Regards Government
Pineapple Culture as Far
From Profitable.
Interesting immigration Sta
tisties--Chandlep Prepar-
ing for a Crusade.

Special to the GLOBE.
WASHINGTON, May 27.-Tnere seems
to he feeling in many parts OF the
country that all the president needs to
10 to secure the repeal of the Sher man
liver act is 10 call an extra session OF
n cress. That Mr.. Cleveland does no
,elieve that the repeal of that act is
possible at the present time is shown by
lis failure to call congress together. III
ne believed that needed legislation
could be pushed through both houses,
there is no doubt at all that the law
making branch OF the government
would at once be summoned to wash
ington. There is a stronger movement
against the Sherman act than ever eX-
listed before. but like many other
crusades, bad management has hurt the
cause and delayed the movement The
Sherman act is wretched eXpedient;
but bad as it is, it is not responsible for
all the ills of the body politics, and at
tempts to make it the scape goat for
everything will not succeed.
Making a Poor Fight
The Sherman act had nothing what
ever to do with bringing on wild specu-
lation in the so-called industrial stocks,
the collapse of which caused shrinkage
in value s>of $500, OOO,O 900 in a few weeks.
This immense sum disappeared. IL
was lost, and naturally the losers were
pressed for money. The fact that the
Sherman act is in operation had no
more to 10 with this than had the man
in the noon. The collapse of Zimri
Dwiggirs' eighty-five banks was bad
thing, neither better>nOr worse because
Of .hu fact that Zimri claims that his
schemc had the approval of the ONO
statesman himself, but to associate this
collapse of Iotten banks with the Sher-
man act is absurd.
There is no use in people deceiving
themselves or being deceived by others
regarding the position of congress on
HE Sherman silver act. A bill prOvid-
ING for the unconditional repeal of that
act can not pass either house, although
il would probably fare better in the
house than the senate. In the latter
body the senators who favor the repeal
of tie Sherman act without anything to
take lis place are
Far in the Minority.
The feeling or the majority was well
expressed by Senator Roach, of North
Dakota, the other day when he was
asked regarding his position on the re-
zeal of the Sherman act.
Il shall not vote for the repeal of the
Sherman act unless something is given
to take its place"
That the president realizes better
than the Eastern members of congress,
better than Congressman Bynum, Sen
ator Mills, Senator Villas or any of
their associates the real sentiments of
HE members Of congress is certain, and
when he does call the two houses to-
gethcr he will present no recommends
tlnh for the unconditional repeal of the
Sherman act. He will urge this repeal,
but suggest the passage of other meas
ures that will be satisfactory to the
men who believe in more liberal
financial policy. Whether the repeal
IF the law taxing the circulation of
state banks will be recommended is not
yet settled, but the president is inves-
tigating the matter and is faVOrably in
cined toward it. When the president
feels satisfied that his recommendations
will meet with the support of the
majority in The two houses congress
will he called together and not before.
/ his may be in sixty days or less, and
may not be until October. In the mean
time all talk of the repeal of the Sher-
man act without the passage of some
thing to take its place is not well
fOludpu