St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-09-28
BUSINESS Is WAITING.

BUSINESS Is WAITING.
Reports from all parts of the country
indicate that business is in a waiting
mood. When the silver repeal bill was
passed by the house of representatives
there was an immediate response.
Banks that had previously suspended
made active preparations to resume, or
actually opened their doors for busi-
ness. Men who had stored their money
IN safety deposit vaults withdrew 1t and
invested it in various ways, many re-
turning it to the banks. whence it soon
found its way into the legitimate chan
nels of trade. For time the outlook
was most promising. But the long de-
lay OF the senate in disposing of
the matter has in a measure null
lifted all the good that had pre-
viously been accomplished. Capt.
tai is again becoming timid-not that
capital which consists of millions, and
can control gigantic industries. for that
species of wealth is measurably secure
under all conditions-but the capital of
the moderately wealthy and we'll -to-do,
which constitutes the real wealth of the
country. 1t is this capital upon which
the business of the country is mainly
conducted. 1t is the active wealth-the
wealth that buys and sells the products
of the farm and the workshop-the
wealth that demands but small profits,
provided there be quick returns.
This capital has again sought safety
in retirement, and again the country is
threatened with stringency of money
that will be even more seriously felt
than that through which we have so re-
Gently passed. The delay in action by
the senate on the repeal bill. and the
possibility that the measure may yet be
defeated, has awakened alarm. If de-
based metal, constantly decreasing in
value as result of oyerproduction, is to
be forced upon the country in quantities
far greater than the necessities of trade
demand, and gold, the only universal
measure of value, is to be driven from
circulation. there can be no stability III
values, and consequently the risks of in
veStment in business will be largely
augmented. 1t is no wonder that under
these circumstances money is again being
withdrawn from circulation. The man
would be foolish who did not take pre-
cautions to preserve his savings intact.
and is not to be blamed for doing so.
Much is said of the foolishness of
manifesting a want Of confidence in the
future. But as long as the senate con-
tinues to daily with question of such
vital cOncern-as long as those inter-
eSted in the debasement of the cur
rency can prevent action-that want of
confidence will exist. You cannot re-
| move it by declaring it foolish, nor can
you successfully argue that there is no
occasion for its existence as long as the
spectacle IS presented of minority of
senators blocking the will of the major
ity, not only of the senate but of the
house. and defying the expressed de-
sires of the executive branch of the
government. The senate is in rebellion
against the people at large, against the
majority Of the house of representa-
tlyes, and against the president. 1t is
! controlled by sectional and selfish inter-
ests. 1t is deliberately bringing ruin
upon millions Of business men and
mechanics, and all that few scores of
| men interested in the silver mines of a
small section of the country may profit.
Business is again suffering, and we
need loo k for no Improvement until the
senate shall act upon the silver coinage
bill, and act in accordance with the eX-
pressed wish of the people and the de-
mands of their representatives in the
popular branch of congress.
IT MUST be pleasant for the organs of
tho nj ad or RI fnH
! selves suppressed by the orders of the
mayor, and read in the GLOBE every
morning the full reports of the current
events of the day. The GLOBE does
not rely upon the police department of
| st. Paul for its news. The police,
under orders from the mayor, DELHI
erately refuse news to the GLOBE as a
matter of spite, and it is concealed from
| the organs Of the mayor lest the pub
| LEGATION of the facts would show the
| dereliction of the authorities. Mean
time the GLOBE. with Its own detective
bureau, goes right along printing the
news and 'scooping" its contempora-
ries. 1t must be refreshing to be an
"organ" of the present mayor of st.
| Paul.
THERE is no occasion for dissatisfac-
| ton, but rather for congratulation, in
the recent order of the interior depart
ment consolidating several Of the land
| offices in the Northwestern states. The
business of these Offices has been con-
stantly diminishing with the settlement
of the country. and the same numbers of
Offices and officials that were necessary
! ten years ago are not now needed. Their
consolidation is movement in the di-
rection of economy in the public ex-
penditures, and in line with the ex-
pressed policy of the present admins
tration. Every one save those directly
| profitIng from the maintenance of USE
less offices will look upon the consolida-
tons as an evidence Of the sincerity of
the professions Of a desire for economy
OF the national administration.
IMMIGRATION into Canada shows a
perceptible deere ase this year. But
2,4O0 homesteads were taken up in the
| Northwest, and there has been falling
| off in immigration to the entire domin-
ion of about 81 per cent The great
| majority of people who leave Great
| Britoin desire change of government
as we'll as change of location, and as
! consequence seek homes in the United
| States. Canada will have to wait for
her development until the lands in the
United States shall be fully occupied,
or else become part of the Union
REPRESENTATIVE KIEFER's applica-
ZION tn have the office of Immigration