The Durham daily globe. (Durham, N.C.) 1889-1894, 1893-10-25
WASHINGTON NEWS
And 1t Leads Us to Expect Good
News Very Soon.
Grover Cleveland, the Man with &
Backbone. Stands Out.
UNCONDITIONAL REPEAL AT HAND
The Mists Are Clearing Away and Some
thing Will BE Done This Week.
Perhaps

Perhaps.
WASHINGTON, October 25-[Special :
owe will yet succeed. The silver Law
will be repealed without condition.
don't give up the fight. There is an en-
to all things. These distractions will
not prove an exception"
When President Cleveland uttered
these words in a private conversation
one evening last week he impressed thu
senator whom he addressed as having
hidden secret. He gave evidence of
confidence in what he said that must b.
founded on som private information
The president swung his head signif
clntly as he continued:
81 said last March that we were going
to have hard times; that there would be
financial distress in the country. I OBJ.
served hat the primary cause of the dis
tress which we would experience was our
monetary system. We have too much
silver in proportion to the gold. All of
our money is practically convertible into
gold. One can take up gold certificates
with silver certificates and upon the vel
low certificates demand gold. 1t is alb.
surd to propose that there will be uni
versal confidence in our ability to main
tain a parity between all kinds of our
money when we have six hundred mil.
lions in silver which may be turned
against less than one hundred millions of
gold, not to mention the billion dollars in
legal tenders, bank notes and other money
than gold coin, and yet continue buying
silver
There is one thing peculiar about the
line of argument which President Cleve.
land makes. 1t is so convincing that the
silver senators within his W party have
been afraid to talk with him upon the
subject, lest they be convinced of the
error of their position. The prophesy of
the president last March that there would
be a panic and great financial distress.
has given him the position of a prophet
among many men in congress. It is true
that every intelligent democrat in con-
gress realizes that the president could
have averted the panic if he had tried.
They know hat he welcomed it because
it would enable him TO carry out his
financial plans. Nevertheless they real
lied that he predicted what would hap.
pen. This makes them fearful of the fu-
ture. They secretly believe that if the
silver law is not repealed there will be a
recurrence of financial depression.
Few presidents have ever shown as
much will power, if not skill, in hand
ling congress. President Cleveland has
been bold and aggressive, as he has been
unrelenting in his determination to con
troll congress for silver repeal. His con-
version Of scores of old-time democratic
silverites in congress to the cause of un.
conditional repeal has not been alone
the result Of the influence of patronage,
1t is true that some have wanted official
favor and have seen their way clear to
support unconditional repeal through
the patronage vista, but many of those
who have changed were converted by
personal contact with the president.
He has been so terse and convincing in
his arguments and so dogmatic in his |
Opinions that many democrats have
fallen victims to his presence. The re- i
publicans who have come over to TN. J
conditional repeal have done so from a C
patriotic sense of their duty. None of I
them have ever conversed with the presi ,
dent on The subject. g
Another thing in the presidents atti u
tude has converted many democrats to n
way of thinking. Mr.. Cleveland has ="
SC firm and outspoken in favor of T
unconditional repeal that men in his 7
party, after listening to his arguments
and considering his firmness have said
themselves; Il believe l can afford \
go down with the president if this
thing fails" They have been willing 10
risk their political futures with the pres!. B
lent. /! a man who had attained the "
highest political pinnacle in the world -
could afford to stand firm for the repeal II
# the silver la" they believed that they B
could afford it. \