Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1893-02-16

The Question of the Hour.
The failure of Congress TO rise above
partisanship in the treatment Of the sill
yer issue-and particularly the willing
ness Of some of the Republican mem
bers OF that body to subordinate their
own convictions of what was best call
culated to promote the general welfare
to the petty and misehieyous spitcful-
ness OF putting the Democrats in hole
has not unnaturally made still worse
what was already bad enough. Now
we have before US the spectacle Of for
eign holders Of American securities I'M
loading the same while they can get gold
for them in the deliberate belief that |
those who administer the government |
Of this country have resolved, with their |
eyes open, TO continue TO 60 forward-or |
rather duwnward--to a silver standard
At home We can understand that this is
chiefly matter of politics--that there
are Congressman who are ready ard
willing to upset values and disarrange
trade, commerce and industry for the
sake Of party advantage, or to put their
political opponents to political dlsad
vantage; bat they do not care to 50 into
these details abroad, preferring simply
TO look at the financial aspect Of the
situation and, SO looking at it, they see
the American people resolving to 60 on
piling up deprecated and depreciating
pig silver by the ton in the treasury
vaults they see the matter Of an emer-
geney issue Of bonds to induce the
banks to replenish the treasury gold
seriously preached; and they are justi-
fed in considering that now i tie ac-
cepted time for them TO realize on their
American holdings and get out safe. As
an exchange says
The simple truth, obvious to almost
everybody but the secretary If the Treas
ury, is that the silver policy of this govern
ment has created u feeling Qt distruSt ~
Europe which is manifested in this extra
ordinary drain ui gold. Foreign capital
which eagerly sought investment III this
country is Withdrawing, and wil continue
to withdraw as long As the present silver
policy shall be maintained. Int let this
Sherman act be repealed, and with the ees
saton Of the silver flood, confidence IN tn
power and will Of the government to re
deem its obligations in honest money
would be restored, and foreign capita
would return for investment in create
volume than ever.
In an address delivered few day
ago, at Union College, Schenectady, n
", Mr.. Bayard, treating on the import
ance Of independent and courageou
action on the part 81 the individual cit
zen as the best safeguard Of the stat
cited, as an Illustration of the dutie
which from time TO time demand an al
waited patriotism for their performance
without reference 10 party adYaatag
the necessity for the speedy repeal {
the sherman silver purchase act-whil
John Sherman himself guaranteed
bring about if the Democrats Of q
Senate would produce ten men to ba
him up in this action, and found hii
self unable or unwilling 10 redeem I'll
pledge when more than that numb
came forward to help him do So. In
address referred to, Mr.. Bayard said !.
This day question whose impurtar
balefmI shadow Eyer HE welfare Of
hrnarican t,eonla ana Il adyanrin!y rapit
Il rafTTeJ III drrtsfs.rf. Ii constitute,
,,reat faGt In American nGlitias whose
Toriance cannot be circum9cribed bv
intsrssts II a,3v cFas, b oGcInafit
~ anv iirnnGEr If CLASSES or ~
Ta,iHms ~ air. ncopIe MI one u6liti
i,artt, an ar doc! cot,fafn its solution.
Grsr,. American REGARDLESS 81 IA
a ataii.f;irt lie rfssnansibility has ID
S u bGr. ta.I9v 10 takr 4 ritizen's
n,,ro h no denomination of a bGlit
l+e.fian fraa,tht win possfbititic4
iit4star mi Ihrpatlns the il,trgritr
,,o,t,|iar fIrsiitttiGf,s nIld among them
Emi,i,Stion i,f6iirrty Jiself
am sure ID not oycr.state thc in
ncnce 81 lie danger resulting from 3
p Ri Y ,! .i1'a MIN, ,'.d+ GiiGrrin
Observation-Disclosures. ~ ,.,,,,i T,lt,.,ud ~
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