Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-03-02
THURSDAY. ..... MARCH 2, 1893.
Mr.. Clevelnnd's Innngural.

On the day after tomorrow Mr. CiIvf-
LAND will take his place az President OF
the United States. and will az once become
one Of the foremost men in the world. ne
fact that he will assume the presidency n
second time is evidence enough that be
was "clear IN that great Office" when no
occupied il before. What he shall say IN
his inaugural address VIII be phdered
carefully the world over. lie follows
no beaten track. He mas no EIsMARcS
among his admirers. where MAcGEEGoR
sits is the head Of the table He has
10 BIsMARcK IN his Cabiuct-that H. ne
will allow no member OF his political family
10 dictate the policy Of his administration.
The new President viii fall heir 10 a
number of questions demanding settle
ment by educational Government. Among
the most important Of thesels 'he financial
problem-tho silver question. On tins
subject he does not agree with his party,
a large majority Of whose members are IN
favor of the free coinage of silver rs well
as gold. As to this fact two things NAV te
said-first. that Mr.. CIryTLAED's position
on this question was known 20 the conyon-
ton which nominated him aud to the
voters who elected him TO the presidency;
and. second, that many members OF the
Democratic party agree with INN IN ms
views on the currency question. Cur
Washington tclcsrams of yesterday stated
that on the bOnd-purchase clause III the
sundry-civil appropriation bill the gold
advocates have virtually confessed that
. n o. fDa hill
This is the clause of which we SAID last
week that # bank president wcr9 % az
cept such policy as q means OF preserving
the credit Of his bank he would thereby
ruin It. Tho fac. stated by our CORE
spondent is significant as indicating that
the Democrats IN the next House of Repre-
sentatiyes will be os much opposed as are
those of the present House to making any
further concessions TO the mon0metallisti
The present House woulinot be obstinate
If it knew that the next House would be
anti-silver.
Every reader must remember that a
eenseess pane came near being precipl-
tated upon the country woek or two ago
by the monometaliists of Wall street. The
tlamorous crowd of god bugs" sue
Ceeded IN alarming many persons. They
declared that the shipments Of gold TO Eu-
rope which were then going on would IN "a
few days result in the fall of the business
of this country, AT least 70 the slugle-sllver
standard, and the rise Of gold to a height
corresponding to the depth 10 which silver
would fall. But. as We have several times
sald. money is obstinate and refuses often
TO do what financial prophets predict 1t
will do Silver certificates sell now for rs
much in gold Is they sold for month ago
And there Is not much fear OF collapse
Just now.
Under such circumstances "a these Mr..
CLryKLAND will on Saturday next deliver
nus inaugural address, No wonder the pco-
pie of the whole world await with pro-
found interest the appearance Of that
paper. 1t Is known that If he touches the
subject at all he will press his own views of
The question Of free coinage. there being
in his opinion no two sides 10 that ques.
ton. But it Is also hoped that he may
manifest Willingness TO agree to some
compromise on the currency question
which will not compel him 10 sacrifice any
principle, aud will at the same time COM
mand the support of the Democrats in
Congress and out Of that body. We say
"currepcy question rather than "silver
question - because II has been said over
and over again 10y different persons-nota-
bly, Mr.. HALsTTiD-that Mir. CLEVELAND
had more or less sympathy with the iinan-
cial propositions OF Mr.. HARrrg, of Ohio.
But let Mr. CLEyELASD's utt6rances on
these questions be what they may, they
are everywhere awaited with pro-
found interest. and Will not only be
read but studied. We hope 20 profit by
them, and 50 we commend them IN al
vance 10 the closest attention andImost
thoughtful consideration OF the readers OF
the DIsPATCH.