Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-06-07


During last week we advocated in seve-
raj editorial articles the convening OF
Congress In extra session "a soon as posi-
BILE. Our readers know the reasons which
we gave as demanding at the hands Of the
President an early recall Of Congress 10
Washington. Tho mere fact that II was
known that Congress was soon TO assem-
Die would, we argued. help 20 hit the
pressure" from the money market aud
have atranquillizing effect upon the minds
Of tjmd capitalists The SHERMAN silver
law, too. is based upon the theory that
the price of silver can be raised by re-
ducing that metal 10 tho condition OF
mere commodity. So far ~ we know and
believe the DisPATCH was th" first paper
in the United states which advocated its
vepeal upon that ground.
Well. the President has made 1t known
that he will convene Congress in extra
session not sooner than the LIST of septem-
Der and not later than the 18th Of that
month. and IN making known that fact he
indicated, ~ We understand his language,
that he w0ud advise Congress % under
take Grst OF all 20 solve the currency pro-
blem. He grdcd az tbs financial policy
when ohhces us 20 purchase idle silver
bullion with gold taken from our hundred
million reserve fund. lie says that our
financial condition Ia the only menace to
the c0uu,ry's welfare and prosperity. IT
does not need tho art 81 statcsmanShip.
De adds. % detect tho danger ihAt waits
dpou the continuance % tins policy.
Tho New York Sun, tho Atlanta Cms'i'r
t-a. the Louisville Co'U'ier-JoOr1L and
many other leading Democratic papers
including several IN Virginia, have un-
wisely, o. we have Thought. made the tarld
tho Leading topic of discussion III their
columns and sought 10 impress upon the
Precedent and the people that the first
duty Of Congress, Whenever that body
mrsht assemble would be 10 frame and
pas t,rlG ban based upon the aS@ump-
tlou that Congress has no power 10 levy
Customs-duti's for any other purpose than
revenue. W. sad, No; 1t Us have q good
financial system 10 support Mr.. CARIisLE's
Low tariff In our issue Of yesterday we
argued. a5 Wa hal often arcued before.
thas Congress would rum virginia and the
tobacco interests. and render the Demo
cratic party odious e. the people should
that body levy n tariff for purposes OF
revenue only. Surely our Atlanta con-
temporary knows-yes, knows we sad
last week aud AGAIN YESTERDAY that this
country Will never have tariff for reve-
nue. only" Upon the New York Sim we
do not expect tho Presidents utterances
- have any influence whatever. That
bright lumnary shines tQr all" except
CLEVELAND aud CLKyFLAND men.
Whom he was President before Mr..
CLEVELAND devoted the whole OF one OF
his annual messages 10 the tariff question.
That was the most important question
then before the country. We trust that
he will now follow his own example-that
is. devote the whole Of his message of Sep
tomber to the financial question. which IL
now the most important one before the
country. II he succeeds in solving the
currency problem 10y pointing ont to Con-
cress how this most desirable OF results
eau be accomplished he will make for
himself an immortality of fame.
But what sort of financial scheme will
Tins is a question which we cannot an
swer. We take II for granted that nobody
except MIR. CLEVELAND can answer 1T. Bur
we also take II for granted that before de-
Gliding 70 convene Congress III extra SEES
sion the President had pretty nearly made
up his mind as to what measures of relief
for our present depressed monetary con-
dition he would commend 70 the conside-
ration of Congress. 1t IL his duty under
tho Constitution 10 make recommends
tlons OF this kind. He has no doubt pre-
pared himself for the discharge Of this
duty by consulting not only every member
of his Cabinet. but numerous friends from
all parts Of the country, In Congress and
out of Congress- He understands the
art Of drawing out expressions of opin-
ion from his friends without committing
himself 10 the support of their projects.
There Is no reason known TO us for cX-
pectiug the President TO announce that
his opinions on financial questions have
undergone any modification. Heno doubt
Is Is much opposed as he ever was to the
adoption of any course that would cause
the two metals silver and gold TO part
company" as he expressed it during his
first term as President. He is charged
with being willing to abolish the 10 per
cent. tax upon the circulating notes of
State banks on condition that the SHERMAN
SILVER law shall be repealed. but this charge
We do not credit. MIR. CLEVELAND will
hardly Jump from the frying pan into the
IRE.
The one thing for which we have pleaded
the country is to have--namely, an early
extra session OF Congress. From this day
forth our financial condition ought to i'm
prove. We repeat that the exercise of
hope Will help 10 bring about the good
coalition of things for which we hope