Goldsboro weekly argus. [volume] (Goldsboro, N.C.) 1885-1909, 1893-08-10
A SHORT SPECIAL SESSION,

Like the Philadelphia Times we
say, let us have a short special SEES
sion of 1861, called to meet the new
and appalling issues of civil war,
met on the 4th of July and ended
on the 5th of August.
The business of the country Is
paralyzed to~day solely because of
impaired national credit, resulting
from the adoption Of an unsound
financial policy. There are other
causes which contribute to the in
dustrial depression and intensity the
evils of the business revulsion; but
they need time for healthy treat
ment.
The first duty o. Congress is to
repeal the clause of the Sherman
law requiring the monthly purchase
of silver. By that lay we are now
buying silver that we DO not want
and cannot use with gold that is
the life~ blood Of our financial credit.
1t is 50 because the world so DEGREES
it, and we must conform to the
financial Judgment of the world or
accept commercial isolation and
ruin.
If the silver men are wise they
will i%nterpose no obstacle and de-
mand no conditions to the repeal Of
the silver purchase feature Of the
Sherman law. Every organized eff
fort of the silver men to delay res
peal, and every effort made by them
to force conditions in the line of the
free coinage of silver, must surely
prejudice the silver cause with both
Congress and the nation.
In no way could the silver Sena-
tors and Representatives so we'll aid
their cause as by promptly consent
ing to the unconditional repeal of
the silver purchases. They have
vantage ground in any subsequent
contest for maintenance of silver as
money, in the fact that silver now
largely enters into u circulating
medium; and conservative men of
all shades of conviction on the sub
ject, will be glad to cooperate IN
preserving silver money to any ex
tent compatible with a sound finan-
clal policy.
Fartious resistance to the repeal
of the purchase of silver by the
free silver men, a result only in
forcing the country to hew to the
lire i'll reaching a true money basis;
and III such a contest silver must
lOse at every stage of the conflict,
One million people interested in
silver, even with eighteen Senators
against Pennsylvania more than
five times the population with two
Senators, cannot shape a tinancia.
policy solely in the interest of the
few and agsiust the interests of the
many and the settled judgment o
the world. Common sense should
come to the relief of the si!ve]
men when the facts are looked
squarely in the face; and common
sense on the part Of the ellye,
champions will do vastly more TO.
silver than revolutionary methods
With the silver purchase clause 0.
the Sherman bill repealed, Congress
should adjourn, leaving to tn
proper committees the careful ant
patient preparation of tariff an,
money reform measures to be coz
sldered not later than October Witt
wisely chosen Committees on Way
and Means and Banking and Cur
rency, and d recess Of two month
for the framing of bills, both tariff
revision and a liberal and sount
financial system, retaining silver a
an integral part of our circulatin.
medium, could be passed early in tn
fall.
A new basis for our circulatin.
medium, with greater h~exibility an,
absolute safety, is a pressing nee
essity; but it could be more wisel,
done two months hence than now
Tariff reform is also a pressing nee
essity to relieve our industries iron
wanton taxes on the necessaries O
business and labor Of oppressiy
taxes on the nocessaries of life; bu
tariff revision cannot be violent O
revolutionary land it will be the la
Dor Of weeks and months to frame
measure to meet the requirement
of the country.
1t would be specially injurious t
our already Frustrated business an
industrial interests to venture upo
the troubled sea of tariff ard cul
rency reform debate. Congress
would beas s. great ship in tempestu
Gus waters without rudder or com
pass, and only harm could resul
from such an experiment. Stop tn
purchase of silver and give to tn
l proper committees the solution {
tariff and currency reform until Or
tober. Then-go home!