The new dominion. [volume] (Morgantown, W. Va.) 1876-1904, 1893-10-14

HI nv " talituS ~ iooiioh. anu "nitc
the actual panic has passed and is
not likely to return, the mere fact
that the silver purchases are regard
ed as dangerous is sufficient to delay
active recovery in business. To stop
them is therefore essential.
II is quite probable that the re-
peal of the Sherman act now, or
within the next few weeks, will not
have all the effect it might have had
month earlier But it must be re
membered that the existing condi
tion of business is not recent and
sudden thing, but the elimination of
tendencies recognized for three or
four years and reaching a crisis dur
ing the past summer as the inevits
BILE result of antecedent causes. I'm
der any circumstances, commercial
recovery from such crisis must be
always slow and gradual, and it is
not certain that the delay of the Sen
ate has been actually as harmless as
it seems.
While the country is waiting for
the action of the Senate as at once
an assurance and stimulus to re-
hewed enterprise, the necessary pro
cess of liquidation has been about
completed and the general conditions
are now such that some revival of
business is inevitable, whatever Con.
gress may do or not do. Indeed such
revival has already begun, as shown
by the resumption Of mining and of
work in the iron mills and in the
cotton mills, for the simple reason
that the world must have fuel and
| clothing and transportation and that
the demand has overtaken the supply.
If the doubts concerning the curren
CIV were settled, so that the money
now again accommodating in the banks
could be profitably and securely in.
vested in Industrial and business en-
terprises, the recovery would go on
from this time with rapidity and
certainty much greater than usual
after so severe depression.
We see no reason to abate the con
fidence already expressed that the
repeal of the Sherman act will be eff
fected during the month, perhaps by
the end of the second week. The
free silver advocates have nearly ex-
hausted their resources. They have
boldly offered to barter votes for
Pennsylvania protection, for the re-
fund of the cotton tax, for State
banks, for anything that they thought
might be in the market, but the pro-
posed combinations could, not be
made. They are counting very much
now upon the repeal of the election
laws to make a division among the
advocates of the repeal of the Sher-
man law. The former will be passed
in the House next week and sent to
the Senate, when the question of CON
sideration can be reached at once.
The silver men will endeavor to have
this bill taken up to the exclusion of
the silver repeal, just as the Force
bill was displaced by the free coin
age bill. This will bring the matter
TO an immediate issue.
The scheme will not work, any
more than the other schemes. Though
all the Democratic Senators are in
favor of the repeal of the election
laws, while they are not all in favor
of the silver repeal, motion to give
the political measure precedence over
the financial measure could only sue.
coed by the aid of a large number of
Republican votes and this there is
no reason to apprehend. Those who
believe in the repeal of the Sherman
act understand that that is the first
business of this session and that q
vote to give any other subject prece-
dence would be a vote against repeal
and would be so recognized. There
is no reason to fear that this attempt
ed diversion will result otherwise
than in the defeat of the silver men
and the majority will then be in a
position to push their advantages
and insist on direct vote on the re-
peal.
The discussion of the election laws,
which has been regarded as silver
device. will thus be the means OF
bringing the present obstruction to
an end. By that time every Senator
will have had ample opportunity to
express his views and the leaders can
demand vote, as they could moi
hopefully have done before. Oh
course the silver men will maintain
their bluff to the end and will con.
tinue to talk compromise and to pro
tpose trades; but the friends of hon.
est money need not turn aside from
their course. The financial integrity
of the country will be assured and
just as surely business will revive
and renewed confidence will lead tt
renewed activity and prosperity
Philadelphia Times.
The Gazette SAYS "the wool grow
ers are making every effort to save
their great industry from min,
The ruin is to come from free wool