The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-06-25

Bentatives in regard to the probable ac-
tion of Congress at its next session on the
currency question. There has been an
object in securing this information, and
1t is patent to every careful observer that
.he most determined effort will be made
not only to repeal the so-called Sherman
act. but to prevent if possible the substl-
cation of the Bland-Ailison or any other
act that will give comfort and consolation
70 the friends of silver. Wall street in
fuences are behind the movement, and
the money power of the east will leave no
stone unturned that will give them a
chance to renew their hold upon the
masses.
The Democrats are pledged to the re-
peal of the Sherman act, but the best in
formation obtainable Is that they will not
consent to have silver demonetized as is
practically proposed by some of the
organs whose interests prompt them to
work against the welfare OF the
west and the south. 1t is be-
lieved that the Democratic leaders
can reach among themselves satisfac-
tory agreement, and 1t is generally con-
ceded that the extra session to be called in
September will be more for the purpose
of settling at the start the currency ques-
ton than anything else.
The administration has had strong
pressure brought to bear upon it to issue
bonds to improve the situation, but Sec
rotary Carlisle is one of these old-fash-
toned, practical Democrats who look up
on a policy OF that sort as unwise, and he
has been shrewd enough not to play into
the hands of the Wall street money.
lenders.
Il cannot be predicted accurately al
this time what the outcome will be on the
financial question, but there is yet nc
reason to believe that the opponents o.
silver will be able to force Legislation
likely to prove detrimental to the inter
SITS of the western country. Even should
che ssgold bugs'' secure an advantage in
the House, as many seem to think viii
be the case, it is commended that the Sen.
ste has enough strong champions of sill.
tsir to thvart the schemes of the states.
Zen who are endeavoring to repeal the
existing law and put nothing in its place
Secretary Carlisle is a man who occu.
ttOcASAOA
question. The first time he was called or
to vote upon the silver question when h,
became member of the Senate, he votec
outright for the bill providing for the
absolute free coinage of silver; and jus
before he resigned his seat in that bod,
to become member of the cabinet b,
was recorded on the other side favoring
compromise measure, but said repeated,
here that he did not think it expedient t.
10 anything with the matter until tn
Democrats were in possession of all tn
branches of the government.
Two years ago Mr.. Carlisle said in tn
hearing of THE HERALD correspondent
that he was not exactly a free coinag
man, and still he could not indorse tn
eastern idea of finances. He added tina
he thought the people of the United State
were determined sooner or later to try tn
experiment of free coinage, and he be
lieved it was coming. If it should worl
all right it would be continued In force
and if the free coinage basis was eve
reached and it should prove disastrou
the law could be speedily repealed.