The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-05-10

There will be an extra session OF con-
gress in September. 1t is a matter tor re-
greet that the president did not cali it in
April, since an extra session was newt
able The election created a situation Of
uncertainty and doubt, and the business
interests of the country demanded relief
from this condition as soon As possible.
Business had q right for its own security
to know what the Democratic ADMINISTERS
ton and congress meant to do. and BUSH
ness has suffered and will suffer until the
country knows what congress means to do
with the tariff and what financial policy
it intends to impose.
Secretary Carlisle until congress assem-
bles and clothes the secretary with new
powers. has no other legal course before
him but to use what gold he has for the
maintenance Of gold payments and abide
the result If his gold should be ex-
hausted he is not to blame for the conse-
quences. He is not to blame for the fact
that the practical effect of the silver act Of
1880 promises to be 70 drive out gold and
substitute silver As the standard Of value
in this country. Nor 10 Secretary Carlisle
to blame that no clear legal provision has
been made clothing him with authority to
issue or sell bonds to maintain . treasury
note redemption reserve. Congress had
no business to adjourn leaving Mr.. Car
Isle to be confronted with the gr ave re-
sponsibility of deciding whether he would
meet possible emergency by resorting to
bond issue of doubtful legal authority
and doubtful wisdom, and it was the pres
ident's duty 20 have called congress in
session ut once as early as April to con-
slider both the tariff and financial issues
Had congress been in session it would
have felt the force of the recent disturb
ance IN the markets. when nothing but
the declaration of the president that he
proposed to redeem all forms of legal ten
der in gold as long as the government had
any gold prevented panic. Today every
sound thinker sees that Secretary Carlisle
Is right when ne says that the present
troubles are the legitimate product of the
silver purchase law; tina. its repeal is
indispensable 20 any permanent relief. If
congress had been IN session during the
recent financial furry il would have been
practically impressed with the evil conse-
Qucnces of onr silver policy as 1t never
was before and "a il will not be in Sep
tember.
1t Is therefore very unfortunate that the
president did not call congress together in
April; IL is quite likely that by his failure
In cali an extra session in April President
Cleveland has los, an opportunity 10 force
the repeal Of the silver purchase act Of
iSS0 that may not come 10 him in Septeu-
berthe situation may then reflect a
:ranssently improved condition Of affairs
just enough better TO make the stupid
free silver" congress think that the alarm
in April as Of fictitious origin.
Secretary Carlisle evidently expressed
his fears that nothing bat financial
storm would bring congress - its senses
when he recently said that he was on
posed TO a free Use Of The govern alsnt
credit At present. because il might tend 10
impede any movement for repeal Of the
silver purchase set. Ii by 4 large issue of
government bonds feeling OF Ease cont.
dence were restored, the people might be
blinded 20 the evil consequences Of the
law. aud its repeal might be postponed
until il had created further embarrass-
fnents in the financial system OF the
country"