New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-02-28
MP TTETEL JNU'S Tf<h

President IlalllSJH can lOI ~i tAtih S'H'iOi'
of the Senate reminds the country that alter
this week the Executive power OF the United
states will he in different hands. Mr.. Cleve-
land comes 10 no easy task. and justice requires
tbc statement that the character and purposes
of his own party and the policy which he adj
viscd and the representations which he made
during the late campaign, cause the greater
mart of the difficulties he will have to face.
But he may rest assured that those VINO OPP
posed his election will not seek 10 ombarraSs
him in any efforts he may make for the pubic
welfare On the contrary, wherever they can
see that his cndcavorS tend t. the good of the
Nation. they will give him unStintcd en-
coula cement and genuine support In such
cndcavorS his difficulties are the difficulties OF
eur common country. His hopes must be the
hopes of all true Americans, for he will be the
President Of all Americans. If he fails, the
county must fail and his success in any good
thino must he the success of the Nation.
Hi, first trouble is To do the thinking for
his marty. Suddenly clothed with the rc>pon-
slbiltics Of government, that party begins to
feel the need Of men OF light and leading.
lis representatives at Washington have been
loudly complaining because Mr. Cleveland
does not tell them what to d.
about the sherman Bond bill. Mr.. Cleveland
perhaps considers that. a he has most earnest
~ advised his patty friends about the Silver
Purchase bill. and they voted down the meas
urc he deemed necessary. it nigh; not he OF
any use TO give advice about other ana less
imrortant measures. Yet he will have To work
with the tools he has. 1t will cost him a great
deal Of laborou> thinking, and infinite patience
in in >truction and pleading. u get much good
done by the majority in the new senate or
House. and he may As well begin hi kinder
rartcn quickly His own wisdom OF financial
subjects may not he unlimited, but it is con
siderable in comparison with the knowledge
mes, of the men who will try t. control legs
atiJn.
Mr.. Carlisle is scarcely known yet a Il great
Guancicr Ills training as Il lawyer in the IN
terrier and as member and Speaker 81 Tic
House for some ycaIS, may not have prepared
him to understand monetary difficulties thor
ouohlv His studies have been given chiefly
70 tho tariff. ahont which he really knows much
more than most Democrats in Congress. and
We; On that subject the mistakes h. made II
discussing the Mckinney bill and iii predicting
about its results were hardly evidence OF cN-
t.aordnary capacity for the investigation oil
the question. Nevertheless, h. is undoubtedly
one of the best Democrats in the country Tor
the framing of a tariff but his letter Of August.
1892. in regard to silver coinage >ccm' u IN
dicate a rather elementary knowledge %!
finance. Thus he said " believe THAI d j.
lars worth of gold should be coined into gold
dollar and that a dollars worth OF silver should
he coined into a silver dollar. Any
measure having a tendency to broaden the
basis Of circulation by increasing III" amount
Of metallic money with which paper can b.
redeemed. would in my opinion. be beneficial
10 this county and t, the world generally
It is not surprising that Mr.. Carlisle had never
reflected that the "doIlars worth Of silver
coined into a silver dollar to-day would dhcr
much in weight from tn dollars worth OF silver
coined into dollar some other day. and that
dollars Of waving weight might be incJn-
vcnicnt.
Mr. Cleveland viii have to til his party
wha. to d. He has some excellent
friends, whose practical knowledge "a
financial problems is extensive and thor
ough. But he has Mt been able 10 get item
into his Cabinet, and may not always be
able to consult them in private whenever he
wishes He comes into power with scarcely
any gold in the Treasury beyond tho bullion
reserve ard with Il patty behind him com
miltcd t. free silver c1inag" and TO tariff
changes which would almost inevitably dimin-
iSh the revenue from customs. He cannot get
tho tlrin changed or silver purchases stopped.
or any other important thing done. Tor many
months to come. unless he calls an extra session
Of Congress. But in the mean time the natu-
la Outflow Of gold duIing the spring and sum
mcr, increased this year if present conditions
continue by large excess 81 merchandise lni-
ports over experts. ma cause serious trouble
before midsummer. There seems 70 be only
cnc course open that l. safe and that is TO face
the inc0nycnicncc> and the risks OF assembling
Congress in extra session very soon.