Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1893-12-06
SILVER PURCHASE REPEAL.
Probable Effect of the Action at the
Extra Session of Congress.

The recent repeal Of the provision ofIaw re-
curing the purchase OF silver bullion by the
government as Il feature OF our monetary scheme
has made an entire change i'll the complexion of
our currency affairs, and do not doubt That the
ultimate result of this action will be most salll-
tary and far reaching. In the nature of things
however, it is impossible to know ut this time
precisely what conditions will be brought
about by the change or what, if any. supple
meutary legislation may III the light OF such
conditions appear TO be essential or cXpcdiCnt
OF course after the recent financial perturbation
time is necessary for the establishment of
business confidence. When, however, through
this restored confidence the money which
has has been frightened into boarding places
is returned to trade and enterprise a
survey of the situation will probably dis
close a safe path leading to per
mancnty sound currency. abundantly stuff
cient to meet every requirement Of our incrcas-
ing population and business. In the pursuit o f
this object we should resOlutely turn away from
allurlng and temporary eXpedients, determined
to be content with nothing less than lasting
and comprehensive financial plan. In these
circumstances am convinced that BILE
delay i'll dealing with this subject instead of be-
ing injurious Will increase the probability of
wise action. The monetary conference which
assembled at Brussels upon our invitation
was adjourned to the 10th day of November III
the present year. The considerations Just stated
and the fact that definite proposition from us
seemed TO be expected upon the rcaSsembling of
the conference, led me 70 express q Willingness
TO have the meeting still further postponed. 1t
seems to me that it would be wise to give gen
cral authority TO the President to invite other
nations to such conference at any time when
there should be fair prospect of accomplishing
an International agreement GU the subject Of
coinage
desire also 10 earnestly suggest The wisdom
of amending the existing statutes i'll regard to
the issuance Of government bonds. The au-
thOrlty now invested in the secretary Of the
treasury to issue bonds is not so clear as it
should be, and the bonds authorized are disad-
vantageous to the government, both as to the
time of their maturity and rate of interest.
The superintendent of immigration, through
the secretary of the treasury, reports that dur
ing the last fiscal year there arrived at our
ports 793 immigrants. Of these LOGS were
not permitted to land under the limitations of
the law, and 81 were returned to the countries
from which they came by reason of their having
become public charges. The total arrivals were
al ,034 less than for the previous year.
The secretary i'll his report gives account of
the operation Of the marine hospital service
and of the good work done under its supervision
in preventing the entrance and spread of con-
tagious diseases. The admonitiOns Of the last
two years touching our public health and the
demonstrated danger of the introduction of
contagious diseases from foreign ports has in
vested the subject of national quarantine with
increased interest. A more general and har-
monlOuS system than now exists acting prompt
ly and directly everywhere and constantly
operating by preventive means to shield our
country from the invasion of disease and at the
same time having due regard to the rights and
duties of local agencies would believe, add
greatly to the safety of our people.