Arizona weekly journal-miner., 1893-08-09
oUH WASHINGTON LETTER.

WAsmNoroS, D. C., Aug. ?.
 ] Special correspondence. Before
 this letter reaches the eye of the
 reader the special session of con
 gress. called at the dictation of ! Wall Street and the British capital
 ists. will be in session. But it will
 be many weeks before it will have
 accomplished the thing which it
 was called together to do. There
 has been a marked change in public l sentiment since the call for an
 extra session was issued. Indeed,
 there has been a remarkable change
 in sentiment within the past week ] Conservative, intelligent men, who
 a short time ago were clamoring for | the repeal of the sherman law as | the real cause of our financial woes.
 are now admitting that the Sher- ! man law Is not responsible for the Financial troubles. When the cry against this law was raised it was | claimed that the silver law was driving the gold out of the country. | lt was shown in this correspond
 ence that the gold was going out of
 the country simply because the bal
 ance of trade WIS against us. With 1 the coming of a good wheat crop,
 the tide of commerce turned the
 other way and now gold is coming
 back to this country by the millions
 the gold balance in the Treasury has been restored to its proper limit of one hundred millions, and
 II Is shown conclusively that the
 sherman law was not responsible
 for the shipments of gold abroad.
 Then it was charged that it was the
 sherman law that was causing peo-
 pie to horde their money and caus-
 ing the banks to suspend for lack
 of funds. It did not take long to
 explode this absurd theory, howev
 CT, and now hundreds of people, 1
 who, fortnight Q were charging
 the financial depression to the Sil- 1
 yer law, are admitting their error
 and admitting that it Is the alarm 1
 of the manufacturers with refer ! once to the tariff that IS making 1
 the trouble.
 So It seems quite probable that l
 this sentiment which relieves the ! sherman law from many of the 1 charges which have been made | against it Is very likely to make ! itself strongly felt when congress
 meets. There will be a good many | men in the House and Senate who | will have the firmness to stand up 1 and say that there have been a good | many false charges made against
 the law, and that 1t IS the demo cratic tariff and not the republican silver law that Is responsible for most of the present condition of affairs. They will also call atten- ton to the fact that a repeal of the sherman law will stop the addi- tion of four and one-half million dollars per month to the circula- ting medium of the country. It Is plainly evident at the present mo- ment that a proposition for a repeal of the silver law pure and simple, without any other legislation con nected herewith is not nearly as strong to-day as 1t was two weeks ago.
 There are still few people who indulge in the hope that congress will only be in session short time, They are in the minority. however and they hold to this opinion sim ply because the wish is the father to the thought. Those who repre- sent the m manufacturing section of the country are anxious that con gresS shall act on the silver qustion and then adjourn until December, action on the tariff for some months at least. 1t is not probable, however, that this will take place. Speaker Crisp and oth- ers who express themselves on this subject say frankly that they think will, and should, continue steadily in session and take up the tariff and other questions as soon [ 's it dispoSes of the silver law aggi- .atlon. The newspapers and states men from the great manufacturing , regions of the north are anxious to have the tariff let alone until the country can recover from its fright. , out admit, however, that a repeti- 1 ion of the alarm of to-day must come when the attempt to slice q Town the tariff is again made. {
 Itis observed that as members of congress gather and exchange their 5 riews there is strong feeling in 'avor of the tax on state bank cur j -ency and free coinage at an in 'reased ratio. More money" is the | ny. Your average democratic J statesman does not seem to care a it is wildcat or blue-dog or r diver dollars sixteen to one or i, wenty to one. If it is money and f will buy red Ticker" its mission, : rom the democratic standpoint, < would be fulfilled. The southern | paI ,icularly, are for free r 'oinage at an increased ratio, free T wildcat money, free trade and free ight against the pensioners with e permission to hit a head wherever ( hey see it, especially the head of a : inion soldier N
 lt seems to be now generally con Sl eded that tho Hawaiian proposi- ! ion to come into the Union will be elected. The average Democrat Is ( ot big enough to be able to accept C nything that was originated by R republican President or Republi- ' an officials Hence they are will ing to let this magnificent naval eI tation and sugar producing coun- Q " pass into other hands rather han admit that President Harrison u nd his associates did a good thing Ii pr the country in encouraging this