Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-07-01
IT WAS A WISE ACT.
CONTINUED from First Pdge.)
OF the present bad financial system will haze
good effect upon business.

(Continued from First Page.)
Of the present bad financial system will haze
good effect upon business.
REPRESENTATIVE M'MILLIN.
Representative McMilhn of Tennessee. whose
opinion is worth considerable weight on ac-
count Of the prominent position he has occu-
pied on the democratic side Of the House and
because he is regarded as the leader Of the ap-
preaching session, holds to the ~sw that
the session should begin at once the work which
must come before the next Congress. He
thinks that it would be much preferable to
have a continuous session and an early
adjournment Of Congress about May. If only
short session is held now the regular
session which meets in December would be
long drawn out and the tariff legislation would
60 before the country at as late a day as
DID the Mckinley and the Mills tariff
bills. 1t was this very thing that the
President desired to avoid when he
issued his first proclamation announcing that
an extra session would be called some time in
September. Mr.. McMillin said to a STAR re-
porter this morning that the next Congress
was certain to accomplish two things.
The tariff laws would be revised and
the law compelling the attendance Of deputy
marshals at the polls would be repealed. The
unsettled and panicky condition Of finan-
ces must be most carefully legislated
upon and the confidence Of the people restored.
but In what way this was to be accomplished
Mr.. McMillin was unwilling to say. Regarding
the reorganization OF the House he said that it
was a certainty that Mr.. Crisp would be unani-
mously reelected, as he would have no opposi
ton. Further than this, and the statement that
there were several chairmanships vacant, he WAS
unprepared to express his opinion.
GEN. wHEELER,s VIEWS.
On the other hand there are number Of
congressman who think that the session will
not be lengthy one. One among those Of
this belief is Gen. Wheeler of Alabama.
II see no reason" said Mr.. Wheeler, talking
upon this matter, "why the country should
be burdened by long and tiresome
session session Of Congress, with its attendant
dent has called them together by
reason Of the gravity Of the money
question, and that alone. The people have
tested the virtue Of the silver purchasing act,
and now they should be given an opportunity
to observe the working Of its re-
gress who believe it would be wise Tor Con-
gress, as soon as it organizes. to pass resoln-
ton giving the President power to suspend the
purchase act OF deal with it as he may deem
best. Congress could then adjourn
at at a.. once, the relief demanded
when Congress convened in regular session in
December, the financial question could be dealt
with intelligently and with elaboration, and in
the light Of the result Of four months work
under the policy the President might, under
the resolution. inaugurate."
Representative Blanchard.
ATLANTA, Ga, July L-Representative N. C.
Blanchard OF Louisiana, chairman Of the House
committee on rivers and harbors, passed through
Atlanta this morning on his return TO his home
from Washington. On being asked his views
concerning the call of an extra session
and the probable repeal Of the Sherman act he
unhesitatingiy approved Of the Presidents call
for the assembling Of Congress. or the Sher-
man act he said: THAT measure was
enacted by republican Congress, the
House presided over by Mr.. Reed a.
speaker, and was voted against by every
democrat in the lower House, including my
that it was framed by hand hostile to silver
Subsequent events have justified the opposi-
ton which this bill encountered from the
silver advocates in Congress-
II favor Its repeal. but think there should be
a substitute adopted in lieu of it which will
effective form and which carries out the
pledge made in the last national democratic
platform for the repeal Of the 10 per ceut tax
upon the note issue OF state banks. On these
lines think q repeal Of the Sherman act will
be matter OF easy accomplishment"
Satisfaction in Richmond.
RICHMOND, Va. July All the leading
bankers in the city are practically unanimous
that the action Of Mr.. Cleveland will restore
confidence.
Congressman G. D Wise was surprised when
told that Congress would meet SO soon. He
did not think it would be convened before Sep
TENDER. Capt Wise is heartily in favor Of re-
pealing the sherman Law.
Mr.. James B. Pace, president Of the Planters
National Bank, remarked: 1.-The Presidents
action will restore confidence. 1t shows that
he is satisfied that the Sherman act will be re-
pealed."
Maj. Fred Scott. vice president Of the Mer-
chants National Bank, said: while think he
called too soon, no doubt his action will have
the effect Of restoring confidence"
E. A. l. Boulware, president Of the First
National Bank, said: 1.-The calling OF an extra
session Of Congress can but have a good effect.
as the people will understand that the con-
vention OF the body is for the purpose of
arranging financial matters. 1t will restore
confidence, and that is the most that is
needed"
Col. W. H. Palmer. presiden. of the City
Bank. when asked what he thought Of the cali.
replied: 81 think it will have reassuring effect.
do not think there is anything more to be
said
Among the brokers it was the opinion that
there would be a general stiffening in the prices
OF securities.
Secretary Gresham Approves.
INDIANAPOLIS. IND, July 1.-Secretary
Gresham was at the Bates House today. He
has been visiting his mother in Harrison
county and stopped over here to see few Of
his friends.
"Havc you seen that President Cleveland has
called Congress to meet in extra session OH Au-
gust n" he was asked
''Yes. have just noticed that in the
papers, and 1 am very glad, indeed,
that he has done SO. / believe there
was general demand for q meeting Of Con-
gress earlier than September, and the call.
I think, will do much toward Allaying
the doubts that exist as to the outcome of the
financial conditions
"Do you think Congress will repeal the Sher-
man act?'
~ certainly believe it will. 1 will say, too,
that two weeks ago Congress would not have
repealed the act. I know whereof 1 speak
when 1 say that
Secretary Gresham refused to discuss other
questions that were suggested to him.
WHAT WILL CONGRESS DOE
Upon What Terms the Silver Men viii
Favor the Repeal of the Sherman Law.
As it is generally believed that the uusatisfac-