Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1893-03-13
Il LITTLE CHANGE.

The outgo of gold, the pressure in
the money markets, the depression in
| Wall Street, are not results Of any
thing President Cleveland has done
or failed to do. They are the direct
and natural result of the success Of
his party with it's new policy, evident
| ~ dangerous, though not as yet dis
tinctly refined. Because it is unknown
that policy is regarded by the business
world with the more apprehension.
It's general tendency men infer, and
have a right to infer, from the actions
Of the party in the past. 1t is not a
policy which tends to preserve sound
currency, to make industries prosper
Dor. Therefore business men, here
and abroad, have their doubts about
the future, and these doubts find eX-
preston in monetary disturbance and
the outgo of gold.
The truth is that the people voted
for change last November, when they
were enjoying the greatest measure
Of prosperity they ever had known.
When one is at the top, change means
going down. Practical men know it,
if voters do not. After while voters
also will know that change, when wag-
es are the best ever known, can not be
expected to mean anything but lower
wages; that change when every mill
is employed to it's fullest capacity can
not be expected to mean anything but
diminished employment for labor;
that change when new works by the
hundreds are in progress of erection
means stoppage of many. 1t was
change the voters wanted, and they
will be fortunate if they do not get it.
The consequences of a vote for
change do not depend altogether upon
what President Cleveland does or
says. These voters were not entirely
senseless who opposed his financial
ideas, and helped to elect him and a
democratic congress. They perceived
more intelligently than some Eastern
business men, that the president alone
could not settle the policy of his par
ty. Now that Mr.. Cleveland is presi
dent, the business world learns from
his inaugural that he can not tell what
is going to be done, because he can
not know what his party in congress
will do. The voters sent members to
congress VINO would express in legis-
lation their will, and did not deem it
a matter of the last Importance that
the president was disposed to resist
that will.
Thus it seems that the presidents
most earnest wishes regarding the fl
nancial difficulty are likely to be
thwarted by the opposition of his own
party in congress. Democratic Jour
nails state that a careful canvass of
the next congress has been made
through the democratic national com
mittee, and that the results are such
as to discourage Mr.. Cleveland's hope
that the silver purchase act can be re
pealed. It is significant that within
the last few days the best thing his |
most earnest supporters have ventur
ed to hope for, if we may judge from
their public expressions, is some sort
Of compromise by which coinage Of |
silver may be resumed in restricted |
while purchases of silver bull
lion may be discontinued But the
business world we'll knows that such
a compromise would be of no practi-
cal service. The existing conditions
are such as to take gold out of the
unless a great change can be
promptly effected in the confidence
Of foreign investors regarding Amer
can securities. AS respec is trade
too, existing conditions are
such as to take gold out of the coun
Try unless decided change can be eff
;ected in the relations of prices and in
he demand for foreign GODS. But it
S known to everybody that the poll
" Of the party which has now come
nto power tends to bring about larg
II importations Of foreign goods, and
larger payments to 9th
II countries. So long as these condi
ions continue, it may we'll be doubt
ID whether any declarations by the
PRESIDENT could essentially change