The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-08-09

deavoring to lay the blame for the enact
ment of the Sherman law upon the Repub-
llcans, he says mildly that it may be con-
sdered to have been truce between the
advocates of free silver coinage and those
| intending to be more conservative.
| NEW YORK, Aug. S.-The World says:
1t is characteristic documeDt-plain
spoken. honest, terse and patriotic. The
President places the chief responsibility
for the financial troubles just where busi-
nessmen of all parties have fixed it, upon
the Sherman law. His statements of fact
| are undeniabe. His conclusions are
| irresistible to all open and candid minds.
| The Presidents meaning in the last sem
| tence. doubtless. is that power should be
| explicitly given to the administration to
| reinforce the supply of gold when neces-
sary. Such authority is needed and should
be given.
The Sun, commenting on the Presidents
reference to tariff reform, says We con-
gratulate the Democracy on the fact that
the President recognizes sauarely aud
honestly the validity of his pledge. There
is no sign of reputation.
The Journal of Commerce says: The
Presidents message is a strong. broad
and in the wisest sense polite document.
1t is strong, for it states with great clear
ness and simplicity the duty of Congress
at this moment. 1t is comprehensive, for it
summarizes very fully t e facts II the exist
ing situation ana their connection with
the siver-purchase law. 1t is polite. for
while it suggests no compromise and holds
out no vain hopes of International agree.
e.. I, Inr g aitv
short makes no effort to conciliate the sill
yer men in Congress, it does show the
workngmen of the country, the potent
element in the voting population. how dis
as,rously they would be affected by The
cheapening of the dollar.
The Tribune says: THE President has
done his part we'll. These are man y and
strong words. and they leave little dsposi-
tion to suggest that responsibility has
rested with him since the 4th of March,
and that every days delay since that time
might have been avoided il he had called
Congress together. If mistaken in de-
ferring action he is plainly right now in
asking Congress to do its part with
promptness without distinction Of party,
and men who care for the public welfare
will sustain him wherever be is so clearly
in the right.
The Times says: There is not trace
Of partisanshp or of that much more
subtle temptation for men in high place.
pride of ondnion. There is nothing in it
that can offend any section. any class or
even any faction. The legislation which
is so far the cause of our troubles
that its removal is essential to recovery
is not denounced in any angry
spirit, and no reflection is made
upon the motives OF those who brought it
about. There is no harsh criticism of con-
f1ctlng theories or theorists, while there
is most moving appeal to the sense.
patriotism and fairness of all. 1t is
message that every American must respect
and in which all may feel not only salts
faction but pride.
The Herald says: The repeal of the
Sherman law. Stop buying silver. This
is-t the .pish of the message seut by Presi-
dent Cleveland to Congress. Now that
Congress has been brought together for
the special purpose of dealing with this
question it would be positive crime for
the members of that body to waste time in
abstruse debates.
DENVER. Aug. 8. = The Republican
says: Taken as a whole, the Presidents
message will prove a greater setback to
the advocates of the single gold standard
than to the upholders of bimetallism 1t
recommends the unconditional repeal of
the purchasing clause of the Sherman
law, but does not contain a single
valid argument to prove that the
disastrous existing financial strngency
would be relieved in any way by cutting
off the only means now available for any
increase in the already too limited circu-
lation of the country. 1t makes DO ref
erence to the incalculable injury that
would be done to the country by paralyz-
ing its silver-mining industry, which is
capable under favorable conditions of add.
ing from $4,000, 600 to $780, 900 annu-
ally to the permanent wealth of the world.
1t will be hailed with delight in Lombard
and Regent streets and by the holders oil
fixed debts wherever American securities
are held, but it will sound like the death
knell to debtors all over the land.
The Rocky Mountain News says: The
line is drawn. On one side is Grover
Cleveland and all the power of his admin
istraton to force the country, at whatever
cost, to the gold standard. On the other
are the people. with all their interests.
struggling to restore bimetallc
standard and thus save themselves
and their country from utter business
ruin. What he says will have no weight
with intelligent and unbiased men and
will meet the approval of those only whose
interests lie in the impoverishment of the
masses or the country for the enrichment
of the classes, foreign and American. that
own money and are therefore advantaged
by lessening the values of all the other
assets of the world
ON WALL STREET.