New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-04-25
TIE PRESIDENT CONES OUT

President Cleveland has found it best to
remove all doubt about the purpose of the Ad-
ministraion. Had he said the same thing, or
ANYTHING like it, on Thursday evening when he
revised and altered the statement of Secretary
Carlisle, and permitted its publication in a form
which was by all considered evasivc. and yet
strongly leaning toward payment OF Treasury
notes in silver the President would have done
better Justice to himself and better service to
the country 1t seems proper to remark, be-
fore dismssng this unhappy failure of the Ad-
nstlatOn II make its purpose known In time.
that tho President exposes himself to severe
criticism in declaring at the opening OF his
statement
The inclination on the part OF the public 10 accept
newspaper reports concerning the intentions Of those
charged with the management OF our national finances
justif emphatic contradiction OF the state
mcnt that the redemption OF any kind OF Treasury
notes except in gold has at any time been determined
upon or contemplated by the Secretary OF tho Treasury
or any other member OF the present ADMINISTRATIVE
1t is not possible to accept this statement as
entirely candid Even "Thc New-Iori Times
percciveS that il is a mistaken pretcnce. Tor II
saws cditoriallv. in the same issue which con
tains President ClevelandS statement: 1t
will MT do to say that there has been no occa-
sion rs TO doubt rs 70 the intention OF the
Secretary. There has been occasion, and Sccrc-
,ary Carlisle has given il. On Thurs
day last he issued a statement on that point
and he did not settle it, He did not
deny that he had any such intention.
That was not specific or rcl>>uring state
mcnt." When we remember that this very
statement was delayed until late hour on
Thursday night by the Presidents personal 70
vision there is special reason for gratliicallon
that he has a: last found il advisable T. be
mere explicit.
The one sentence which declares the intcn-
ton o. the Administration 10 deem all legal
tender notes in geld is as follows
While tn. law Of 1890 forcing the purchase Of It
fixed amount of silver every month. provides that
the --crctary 81 the Treasury in hi, discretion ma.
redeem in either sid silver tn" Treasury not'~
given in payment 81 live pn Is, YET ia" d'di'a!ii1
81 the policy Of The Government 10 maintain tn; parity
between the two metals clearly 10 regulate"
hi, discretion a. dictate their redemption I'm gold
This is precisely the ground which TIE
| TRiErNE took Is >OJn a the question OF con-
.truction of the ac; OF $50 was first raised,
and which was soon after taken by secretary
Foster in his order requiring redemption oi
Treasury II ties in gold by the Boston -ub-
TIca.urv II is in short. the construction 0i
The act which substantially the whole Repub-
lcan party has accepted. and which not only
iu>tiiicS the passing Of that act but makes is
paS, age an imp, rant event u III" pnblc cirdIi
and I, the SJundne>s Of the currency. Pfe>l-
dent Cievelands definite adoption Of II dos
| honor T. the wisdom Of Republican legislation.
and give, ground for hope that the good faith
| Of the Government and a currency AT pa" with
| that of the commercial world may he main
tanned in spite Of the vicious tendencies oi the
| Democratic party.
The President does not make any distinct
declaration about the power or the purpose 10
| is ne bonds though some cOnSirie aS "A promise
| the remark "Thc strong credit OF the coun-
try. still unimpaired, and the good sense OF cur
! people which has never failed in time Of need
| are at hand to save us from disaster. There
was something like an impairment OF the GOV
eminent, credit on Friday, which the Presl
dents utterance is expected t. ccuncraci In
| his efforts 10 overcome the strong sweep OF his
party toward financial folly, the good sense OF
the people will unqueStionably sustain him.