The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-06-09

efnor MCKINLEY 6Nlui
The national administration has done
nothing thus far, except 10 create in the
minds OF business men deep distrust
The financial situation which for the
most part has prevailed since the 4th
OF March, has not been improved, nor
has the financial stringency been re-
lieved by anything the national admin.
istration has said or done. 1t has an
nounced no policy, suggested no relief,
and given no sign OF its disposition or
ability to restore confidence, stop the
outflow Of gold to foreign countries, and
the contraction which has taken place
at home
The Democratic victory Of 1892 has
not been able to bring the better times
promised, IL has not been able to
maintain tho good times which were
enjoyed everywhere in this country on
the day OF the victory Business fail.
ures have increased, banks have sus-
pended. money is harder to borrow,
and borrowers are compelled to pay
higher interest for their loans than for
many, many years, Feverish uncer-
tainty prevails in every financial and
business circle, Labor and capital are
in doubt about the future. This has
been our condition for two months, and
no change for the better is at this
moment apparent,
1t may be said that the administra-
tion is not responsible for the condition
which is upon us. Itis so asserted and
will be again, that this condition ought
not to be chargeable to it., because the
administration has done nothing to
prevent it. | concede you, that ii moth
ing can be done by the administration
or Congress to relieve the situation,
then tho administration should not be
hold accountable; but is this trueP
Ii to-day the President ahould officially
and authoritatively announce that
there would be no change In the indus
trial legislation OF the country, and that
the financial situation would be met
and solved upon that standard OF finan-
ciOl honor and national good faith
which has guided the Republican party
since its installation to power in 1851,
confidence would at once come back,
Would it not? Does anybody doubt il?
Security would displace alarm. Faith
in tho future-so Indispensable to easy
money and good would be re-.
stored; gold would stay ut home; and
money would 60 from its hiding place
into the great avenues to business
where 1t belongs.
SILVER QUESTION.
Ii it is true, as the administration
boldly .prclaims, that our financial dis.
trosa Is occasioned by the silver pur-
chase law which requires the govern.
ment to buy 45oO,0OO ounces OF silver
every month and ISSUE treasury notes
therefor, then why does not tho admin.
istratton convene Congress and repeal
the law? MIR. Cleveland vainly sought
its repeal before his inauguration, but
we havo heard little from him in that
direction aimee. With the Congress
Democratic in both branches, elected
by the same constituency which elected
Mr. Cleveland, with uudisputed author
ity in him under the constitution to
convene Congress, he issues no call aud
takes no steps to repeal the law which
no believes is the cause Of our disturbed
business condition. Believing he knows
the cause Of the trouble, he makes no
effort to remove it; aud in this is his
responsibility, and from it he cannot
escape.
II he has been Withholding the call
for an extra session Of Congress in the
belief that still greater financial dis
tress and stIl added bankruptcies are
necessary to bring his party associates
to the adoption of his views, then Dem
ocratc ascendancy will prove costly
lesson to the people, and an expensive
experiment to the country.
PROTECTION OR FREE TRADE.
But, gentlemen, since the administra'
ton has done nothing and has Civ oil no
indication of change of policy, are We
not justified in assuming that what tho
Democratic party promised to do in
their national platform of 1892 they
mean to do upon the assembling OF
Congress- What did they promise 7
Among other things the repeal OF the
protective tariff law Of 1890. and the en-.
actment oil revenue tariff law which
will give no consideration to American
labor, no heed to American enterprises
and no concern for invested capital,
but be levied for revenue and nothing
else Do we want them to carry out
that pronise2 AS Republicans / am
sure wo do not And there are many
Democrats who cgree with US. There
arc those who may have voted for the
President possibly upon other grounds
than tho tariff who do not want FREQ
trade. Thore are those who may have
believed with the President six months
ago on tho tariff question, who, after
further reflection, and altar viewing
the unsettled condition Of tho country
now, would prefer that the present
economic policy should DO cRntinued.
What will tho Democrats do with the
tarlTP We can only wait and see, but
tho waiting and the anxiety and uncer.
tNinty is paraliEation. Certain it is
they will make wool free, and thus
strike down ono Of 0hio's great agri.
cultural produces. Tin plate also must
be made FREQ, and the now and splendid
enterprises for making black sheets and
timing them must DO crippled flnan.
cially, tho millions OF capital invested
imporlled, and tho thousands OF work
ingmen driven from employment or be
forced to work at reduced wages. Sugar
will have to 90 from tho list OF FREQ ar.
iicleg TO tho list OF fairfield articles, and
cheap sugar be again made dopr to the
masses. Coal, another product Of Ohio,
must bu mado FREQ, A general revision
upon II British FREQ trade basis must
take place II they do what they prom
iscd In 1892, and upon which promise
they claim their victory was won
every vestige of protection from thu
laboring man and industries Of tht
United Slates must DO withdrawn ant
q free traic ora must DO inaugurated