Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1893-09-15
NATIONAL CAPITAL.
The FINANCIAL POLICY YET UN-
DER CONSIDERATION.
IL Requires Much Thought House
RuIe> Very Lenient TO the Minor
ity-The President Enjoying En-
Cciicnt Health Joint Committee
on Finance Proposed.

Oh FINANCE Proposed.
From our Regular Corrcsiondcncc)
WASHINGTON, Sept. :, 1893.
President Cleveland" said South
crn Southern who has just left tn,
White House, where he had been in
vited to attend a conference, "is not
preludlced against those Democrats
who are opposed to his financial policy
as far as it has been announced; and
he is fully aware of the extent OF thi,
opposition in the west and south. He
| believes that the wisdom of first re
pealing the purchasing clause of the
Sherman silver law, which has been
so greatly denounced by the business
men OF the country, and which was
explicitly promised by the Chicago
platform, will be so apparent after the
entire financial policy Of his admins.
tration shall have been made public
that all divisions will soon be forgot
ten. The first step to be taken is, in
his opinion, to stop the purchase OF
silver; but he bears no ill-will towards
those who differ with him, believing
that they are as honest in their belief
as he is in his. The only reason that
he has not announced the financial
policy of his administration is that il
is not yet fully determined upon.
Mind you, it is no task of day, a
week, or month to reconstruct the
financial system of country of G5,
OO0,OOO people, which has been grow
ing from bad to worse under Republi-
can legislation, until it is to-day as
bad as it could well be, and financial
reform has become the most urgent
necessity OF the time. Grover Cleye-
land has proven himself to be a man
worthy to be trusted, and | can see no
reason why every Democrat should
not repose the most implicit trust
in HIM in this emergency, even if
their personal opinions do differ from
his as to the means to be used to
reach the desired end the restoration
OF prosperity to the country at large,
not to few favored men, but to every-
body. l am, and have always been,
what is known as a silver man, but |
shall unhesitatingly vote for the un-
conditional repeal of the purchasing
clause OF fhe Sherman silver law"
The House added amendment after
amendment to the new rules reported
by the Committee on Rules, until
they stand as adopted almost the same
as they were in the last House. Theo-
retically no Democrat finds any fault
with the liberMity with which the
rules treat the right of the minority,
but there Is reason to fear that when
the tariff bill, the bill for the repeal
OF the Federal election laws, and other
measures against which the Republi-
cans will be disposed to fillibuster.
gets before the House they will be
found too lenient towards the min
GRITTY. 1t is an old and true maxim
the "devil must be fought with fire."
and many think that it would have
been wisdom to have followed the
precedent set by the Republicans in
the Fifty-frst Congress and have made
the rules stringent enough to control
the minority when it was so desired.
much ado about nothing" is all
the talk about the votes in the Senate
this week. With twenty Senators alb
sent the silver Senators defeated Sena-
tor Voorhees, on two propositions-one
to go into executive session while
Senator Stewart was making his long
speech, and the other to adjourn.
The votes have absolutely no signifi-
canoe as far as the final result is con-
cerned. The situation stands precise
ly as it did before-the bill will be de-
bated reasonable time, unless an
agreement is reached setting a time
to vote, and then an attempt will be
made to force a vote. To say how
that attempt will result is merely to
express an individual opinion, or to
make a guess.
Since President Cleveland made an
address at the opening of the Pam
American Medical Congress, now in
session, there has been a decided {" let
up" on the silly stories about his being
i'll bad health, stories which never had
any better foundation than the imasi-
nations of their disseminators.
Senator Morgan, of Alabama, this
week introduced concurrent resolu-
ton for the appointment of a joint
committee on finance, to be composed
of seven Senators and seven members
of the House, for the purpose of max
ing an examination into the financial
and monetary condition of the Gov
eminent and people of the United
States. The resolution enumerates
the following subjects to be investi.
gated and reported upon by the COM
mittee: The full or partial demonetiza-
ton OF legal tender silver coins; the
ratio which should be established be-
tween gold and silver; laws relating
to legal tender and for the prevention
of unjust discrimination in the several
kinds OF money; the repeal of the tax
on State bank currency; the cause of
the present embarrassed condition of
the people and the national banks,
and what further legislation is neces-
sary to prevent national banks abus-
ing their power under the law. The
last subject is particularly interesting
just now, in view OF the statements
that certain New York National banks
made more than 81 600 900 by selling
currency at a premium, while declin.
ing to cash depositors' checks.