The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-08-06
Much Depends Upon the President.

Much Depends Upon the President.
I What the President says ia his mes
/ sage 20 congress viii have great influence
1 in determining the course democratic con-
! gressmcn win pursue in dealing with the
/ silver question. The talk that they are
/ INDUCING in as they arrive in Washing
/ ton, and which finds its way into the
/ newspapers, does not count for great
/ deal II is well understood among the
/ democratic leaders that they must have a
well defined policy, and that democrats
must pull together if anything is to be
/ accomplished. Democrats cannot afford
to be divided. They have control Of con
| Rress and the whole country is looking TO
! them for legislation that will afford the
relief that is so greatly needed. If they
should fail to agree and provide the neces-
sary legislation, the people would lose
confidence in the Democratic party.
There is no fear that the President will
not speak strongly and wisely. He real
ICES fully the gravity of the situation and
appreciates the magnitude of the respon-
sibility resting upon his administration
and the Democratic party. He knows
something that will restore confidence
and release the millions of currency that
are boarded by the people and locked up
in the banks, and that the movement to-
wards a panic has been checked by the
hope that congress will respond promptly
to the demand for remedial legislation.
There are a few democrats like Bland
who viii stand out for the free coinage
of silver before anything else is done, but
if we are not greatly mistaken the Presi-
dent will strongly recommend the prompt
and unconditional repeal of the silver
purchase clause of the Sherman law, and
this recommendation will meet with the
hearty approval of nine-tenthso of the demo-
cratic congressman. 1t win be time enough
to discuss the question as to what shall be
done with silver when the thing that is
necessary to put life into business has
been accomplished.
In an article in the current number of
the North American Review MIR. Eckels,
the controller of the currency, says that
the action of the President in calling
congress together had the effect of quiet
ing peoples fears and improving the bust
ness outlook. 1t had that effect because
it was generally understood what the
cause of the financial distress was, and it
was. believed that congress would promptly
remove it. Is it reasonable to suppose
that the democrats will disappoint the
peoplel If they should they would be
made to realize their mistake at the next
congressional election.
There are those who insist that there
are other causes for the prevailing finan-
cial distress than the buying and storing
of silver by the government Suppose
there are2 They can be inquired into after
the one great cause.-The cause that the
people believe is the chief one-is removed
The removal of that cause will result in a
more confident feeling at once and
people will prosecute their business I'M
dertakings confident that the worst is
over, and that they can invest their
money freely without danger of losing it,
The President, in his message, will mark
out a policy which the democratic major
ity will in all probability adopt. Those
who are wavering and uncertain will fan
into line and the legislation needed to
restore business prosperity will be en-
acted.