New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-04-18
nrvocp ,cy IyD Financial DANGERS.

nrvucp,ry iyD FINANCIAL D4NGERS
1t is supposed by many that fresideht oieve-
land would be only too gill" ~ nave so''ic
financial trouble befall the country Dcause 1t
would Justify the urgent appear maze i'll III,
bcbalf TO Democrats of the last Congress- ana
would support him in Appearing 10 'he heA'
Congress for proper legislation nu' s"ch ai
;r,,,oss;,, mist do the President injustice. HIS
.oIa,iops with business men and business in
.ono.ts ,ro sucb and his knowledge OF the
oro,ts of financial disorder upon the condition
and b,nniness of the millions is so full. that
no must no a man of exceedingly callous heart
70 rcga,d with any satisfaction Il serious
monetary storm. Nor could he be indifferent
to tho nol;tical influences which such a calamity
,,orld bo likely TO have since it would tend
,ovorfuIlv tn drive Democratic voters, especial
l.. NJ tho Scutb over to the Populists
II Is n,obably true that the President has
bcen advised by leaders of his party who have
made careful investigation mat thefe Is 10
chance of getting useful legislation on moneta'!
oucstions from the next Congress unless the
state Ct financial affairs changes the mInds OF
mon. II is also probable that he has been ad-
,.;sod nv some whose financial forecasts he re-
,ords with much confidence that monetary dis
.u,hance can hardly be avertad longer than next
ycar if il doe, not come this year, unless the
uncertainty about silver coinage is in some way
removed If he has based his calculations on
these beliefs he may not unnatunlly conclude
,b,t q disturbance would be less severe II II
should come without another years delay, and
,b,t i, might i'm that case come soon enough
"a drive 4 Democratic Congress into sensible
and honest action. IT he also considers that
, Compress hostile to him would almost cor
,,inlJ he elected in the midst Of a financial
disturbance. but might be more favorable Ii
he should first succeed in getting legislation
to start the country on a safer monetary basis
he wauld have some reason on his side.
The political future for years to come might
easily tuIn upon the arrival or po>tponcmenf
e financial disturbance. Fer large pro-
ROTTEN of Democratic voters at the NeSt ana
south arc 50 closely in accord with all the most
dangerous notions of the Populi>tS that trans
fer of their allegiance and their votes might
be suddenly produced by almost any event Oh
great public int st. such a> 4 reaction III DUST
ness. No doubt il Is also true that many kc-
nuhlicons at the West and South lean toward
the same hcrcsic- But they have heard some
thing of sound doctrine. and should be better
,,cplrcd t, understand the causes of any re-
verse. To the PopulStS and TO many Demo
crat, il i, likely that any industrial or financial
disorder will appear to be the Consequences oil
President Clevcland's adherence - the Vail
street idea. and nothing would be more natural
than for them to express their dissatisfaction
by defeating Mr. Clcycland's party and his
friends.
II is conceivable that the Democratic party
NAV in this way be 80 broken and weakened
that no believer in honest money, no one VINO
seeks the true prosperity OF the country VIII
see any hope except in strengthening the Kc-
publican party. II is even conceivable that the
populi,t element whether called Democratic or
not might succeed in clectng majority OF
members in the next House, so that nothing
but the Presidents veto and Republican
minority i'm the Senate aided by some Demc-
crat.. would stand between the country and
most uinous legislation. Like other shallow
bcrcsics this is certain Ia die ont before long.
and perhaps all the more speedily If 1t gets
forc enough to be compelled 10 pnt It's ideas
into definite form But If trouble should come
in business and finance during the Ndmn>trl-
ii n of President Cleveland il is likely TO dam
ace his party severely.