Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1893-07-07
Encouraging.


ton calling an extra session OF
Congress to meet August Z, 1t be-
ing generally conceded by every
body that the financial situation
demands Congressional legislation
although, CT course, there Is a dit
ference Of opinion as to the exact
nature of what that legislation
ought to be. 1t is well known
that in calling the extra session
for August instead Of September as
origioally intended, the President
deferred topublic opinion as repre-
scented by prominent individuals
and business organizations in every
section. They stated to him that
in their Judgement an carly extra
session would have tendency OF
Itself to restore public confidence
and improve the finan ciAl SITUATION
and although it greatly inconvenl-
encel lin personally and doubt
less many OF The Senators and hep
resentativcs who had made their
arrangements for September he
welded, and good effect is already
perceptible. The Wall Street
Stock Exchange has scored an ad-
vance; the improvement ranging
from Il to 2 per cent. Beers were
heavy buyers, and in their eager
ne IS, bid prices up on themselves.
Chicago reports decided react
ion from the under depression OF
the recent past; holders of all class
es of property are more confident;
this with liberal Exports OF wheat,
liberal Export buying, and the fact
that sufficient money is forthcom-
{ ing to pay for all cash property
: delivered on July contracts has
: in great measure counteractec
!. the feeling of distrust and has
: brought a more confident feeling
S in financial circles. Now that
> the extra session has been calico
the question naturally arises, what
g will it do? Mr.. Cleveland states II
e his proclamation that 1.-The pre>en'
!. perilous condition is largely the re
4 suit of a financial policy which thu
: executive branch Of the government
e finds embodied in unwise law
which must be executed until re
d pealed by Congress" and it would
n seem that both House and Senat
d being democratic there should b
. 10 difficulty in having those un
q wise laws repealed at the reques
:. Of a democratic administration, par
t ticularly when the fact is remem
e bered that the Chicago platform
u unon which the democratic part.
a carried The country by an over
s whelming majority, dencunce thos
~ laws and demand their repeal
1 but there is difficulty and doubt
~ although it is growing less substan
tial, as to the repeal of the Shel
lie man Silver law. Senator Vorhee
s. chairman of the Senate commute
20 on Finance, who has always vote
IS. for the free coinage of silver,
IL strongly in favor Of the repeal c
IN the Sherman law and express'
e - the belief that it will be repeale
nj The Senator is always a pow(
in in Congress and his aid will III
H. questionably be valuable in I'll
x, *, Senate, where the strongest oppos
III ton to the repeal will be met.
~ seems to be settled in the minds
;er those who have been studying tt
he question that the House will vo
u for repeal by a majority OF II
-n- less than 20, although it may ta
it. good leadership and some ha
he fighting to get it to vote.
Mt In view of the probability OF
nu prolonged fightin which the who
nd silver question would be thoroug
raj ly stirred up, and its probable b
ap- effect upon financial affairs, t
see suggestion has been made that
WI, w, would be good policy for the ext
on session to pass resolution auth'
gh- ling the president tc suspend t
purchase Of silver under the Sh
IL man law and then at once to
80 iourn. 1t is claimed by advoca