The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-10-27
SEATTLE. FRIDAY. ocE ~.


The passage OF the silver purchase repea.
bin by the senate will be Of decided beneft
TO ths country. II has taken the Demo-
cratic majority in tho senate long time
10 reach q sound conclusion. Congress
has been nearly three montils in session:
the house acted with reasonable prompt
mess aud passed repeal by large majority:
the senate ought 20 have passed Il within
week after Il received the bin from the
house; but Il failed to do its duty until the
Democracy found themselves between the
devil ola compromise which was sure 20 be
vetoed and the deep ssa Of adjournment
without action.
The action OF the Democratic majority
has bean most pernielogs upon the BUSH
ness OF the country, and the people have
suffered nesdlessly Hi the hands Of their
legislature. The tardy passage Of the sill
yer purchase repeal bill viii do much
good, beennse IL was essential a. the initial
step 60 that restoration OF monetary conf
denee which must begin with the banks.
moneyed institutions and individual CAPT
taiists, but the ong-deiayed repeal OF the
silver law will not effect that complete inn
proyement In the situation that was 90
confidently hoped for when the extra
session was called.
Had congress promptly answered the
appeal Of the presidents message the
Democratic administration and its con-
gress would hay been given full credit
for the capacity 10 detect the disease and
a. I'D 81
remedy. The Democratic congress would
have secured the confidence of the country
~ 70 ifs ability TO govern. The long de-
lay, the bitter opposition Of nearly half
the Democratic majority In the senate, and
the hai-heartad. In sincere support given
the president by the nominal Democratic
repealers has created q widespread dis
trust of the party in power and its pur.
poses. For this reason the passage Of the
repeal bill can not be expected TO restore
public confidence entirely.
There IL no aort of doubt that the people
during the last three months have learned
by the conduct of the Democratic majority
Democratic congress and to look with APP
prehension upon the future. so far as the
welfare Of the country rests upon the
party In power. Has the Democratic party
in congress exhausted its power for mis-
chief IL the question that every thought
fui business man is asking himself today.
1t 10 true that the general business sliua-
ton throughout the country still continues
TO show slow Improvement. The financial
panic has entirely subsidized, and no panic
is appEehended In the near future.
Rates for money have eased up
at all the leading eenters. although cap
itslisis are atili exeeedingiy conservative
and ON the whole lndisposed to invest In
real estate mortgages, commercial paper
or new enterprises OF any nature. The
improvement that hiss occurred is a
natural reaction from the extreme de.
preston of midsummer and Ii incidental
20 this season OF the year. This existing
improvement will, OF course, be greatly
enlarged, 50 far as banks and money loans
are concerned, By the passage of the re-
peal BILL for without its passage the bank $
would have been justified in maintaining
their present position OF refusing TO take
any chances until congress had disposed
Of the repeal bill.
While the passage of the repeal bin viii
be boon to the bankers, capitalists and
the general business of the country that
il suffering from the lack of fuil bank ac.
eommedattons. nevertheless its passage
has bean TOO long deferred to save the
Democratic party from the ine vitahle
consequences Of the conduct of the Demo.
cratic majority in the senate The lead.
ing Democratic newspapers confess thar
the Democracy are utterly dispirited.
even in states where the canvass opened
lavoFah1y tor tho party. as IN Iowa and
Massachusetts,. Noiers have become so
thoroughly dlsgusted with the utter IN
competency Of the Democratic majority in
the senate thai they are an xloas TO rebuk e il
aud are everywhere disposed 70 vote
against the Democratic party In Iowa.
where the revolt against Prohibition and
bitter attacks on the personal character Of
the Republican candidate for xovern,,
made tae eTss entsook favorable lor the
Democrats, u begins 90 LOOK a. shoash
GOV, Roies would be defeated Ia Ma.,..
ehasests the Democrats have an exee,.
sionally strong candidate in John y
Russell: an able. accomplished. uprish,
man lins public speaker % great per.
sonal popularity. and vet the party nan.
sgeTs DO nos count upon victory. ba. ex.
rect aeteas
Ihis svvulslon ~ feeling began so show
Itself before the extra session as earir a.
june - vhen Milwaukee elected maver
the Republican candidate hsiag Successful
by = majority Of 5. "a although 81 TIE
previous msyosslty election the Dssno-
Gratis elected their candidate by a majority
q S.NL ia Tbs Indianapolis election las,
naensh she Republicans carried the city
BY over s.eo majority. notwithstanding
TIE fact saai tae previous city election had
gone Democratic by 2. 80 majority. Tas
independents aud nuulher Of Democrats
voted With the Republicans
TasFs can be no installing these sign.
These are tue sure forerunness Of a s.oltt.
lea essstarn that MARKS tbs d!ssalssgse.