The herald., 1893-06-08
THE SPECIAL SESSION ASSURED.


We can scarcely claim that the presi-
dent has decided to call special session
OF congress out OF Difference TO the sug-
gestion of the HERALD, but the convorsa-
tion had by Mr.. Cleveland with Waah-
ington correspondent came so pat on our
suggestion as to It's urgent necessity that
we can at least claim that the ute RANGES
of the paper and the president were
eynchronous. Whether it is case OF
the mountain coming to Mahomet or
Mahomet going TO the mountain ia all
one to US 30 long as we secure the extra
session, which is to be called not earlier
than the fret nor later than the middle
OF September. These dates are entirely
acceptable. The knowledge that con-
gresa will be in session, and will apply
itself to adjusting the weighty matters
on hand, will OF itself have q great effect
in quieting what looks like an incipient
panic amongst the bankers OF the eaat.
The Mckinley bill and the silver and
Chinese questions will then receive
early, and, doubtless. wise consideration.
The newspapers are already busy fore
casting the issue OF the silver question
and the Washington Star, which 10 gem
orally well informed, says that the Sher-
man silver act will be repealed. This 10
by no means improbable. The great
crime involved in the decentralization OF
silver In 1878 will thus be supplemented
by another at the dictation OF lGngish
and other European capitalists, and
silver will be sent hurtling down to join
copper as one OF the base metals. This
is the shape that feudal robbery takes
in the present year OF grace. The gold
bugs are bound to have their pound OF
flesh at all hazards. 1t is another chap
ter in the grand modern drama OF max
ing the rich richer and the poor poorer.
Can great robbing infamies like the
demonetizstion of silver be accomplished
without some form of retribution? We
do not think they can. The masses,
finding their condition greatly harassed
by the stringency In the money market,
brought about by the absolute demon
etization of silver, will begin metaphye-
ical discussions about debt. Less than
a hundred years ago creditor could
take his debtor, who either could not or
would not pay, and put him in Jail, and
keep him there. The sensitive human
ity OF the are changed this ferocious
dispeneation, and the creditor no longer
owns hie debtor, body, boots and
breeches. We have no doubt, and we
are not all peeamstic by temperament,
that the ultimate effect of forcing the
adoption OF the single gold standard,
and thus exacting the payment of all |
debts in q dearer medium and one
harder to get, than that which was un-
derstood when the contracts were made, |
will be to bring about the Reputation
OF all public debta before this century
has run its couree, and the contented |
adoption of the silver standard hs- the |
people 0f the United States. Should
such prove to be the result the capital
lists will have nobody but themselves to |
blame,
In the interest OF the whole world it
is to be hoped that the Brussels silver
conference will assemble under more
encouraging circumstances than charac-
terized its FIRST session. 1t is also to be
hoped that congress- will take this vital
matter in hand and act wisely in the
premises. The gold crisis has been arti-
ticially created by the gold bugs to force
the absolute characterization of silver.
Congress will doubtless recognize very
fully the responsibility which has de-
volved upon it.