The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1893-06-14
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WARRINGTON LETTER.

w WASH1NGTON, June Ss 1870
While President Cleveland and Secretary
Carlisle believe that the Sherman silver law is
responsible for the present unsettled financial
status and that its repeal is absolutely necessa-
~ for the welfare and prosperity of the country
and that the failure of the extra session of
Congress. to be held In September, to repeal it
promptly will precipitate general financial
panic. they are not doing the slightest thing to
force any Senator or Representative to vote for
its repeal against his honest opinion. nor will
they but they do ask that every man. Congress-
man and private individual. shall study this
question anew. not from the point OF view of
last year or the year before. but from the point
Of view of today. with all the attendant circum-
stances In the industrial, business and fnanc1al
world. believing that such intelligent study of
the question cannot fail to result in a practic-
ally unanimous vote for It's repeal as soon as
the extra session Of Congress gets together.
The practical operation of the Sherman law has
shown it to be a bad law; that's why the Pres1-
dent and the Secretary of the Treasury wish it
repealed.
There ia no truth In the sensational rumor sent
ont from w ashington early sthis week. that the
British Ambassador had demanded of this
Governme mt reparatlon. pecuniary and by apol-
oey for the arrest of an officer of the B ritish
steamer Nigretia at New Orleans last month.
The arrest has been in courteous note brought
to the attention of the State Department and
an investigation is now Icing made in the case.
If the facts show that reparation is due it will
be made promptly without any demand. The
originator of the silly rumormust have been en-
tiIely ignorant Of diplomatic methods.
1t is evident to even the most careless observ-
ar that President Cleveland is a much better
he ioh
There is no denying the fact that democrats
have been little nervous over the distribution
OF the New York Federal Offices. owing to the
threatening attitude which. .Tammany and anti
Tammany democrats have occupied towards
! each other. It was feared that any positive
recognition Of either side by the administration
would procipitate faction fight in New York
that would endanger, if it did not actually lose
| the State There is no longer any such fear.
President Cleveland has proven by his selection
| of postmaster for New York City that he
knows how to select men who will be equally
| acceptable and satisfactory to Tammany and
| nti-Tammany democrats President Cleveland
has been Invited to speak at the 4th of J uly Gel
| ebration by Tammany Hall, which shows how
little truth there is in the newspaper talk about
TammanY's otliking the President.
Tho much. l. liked about now extradition
treaty with Russia was officially promui s ated
/ this week and noJice given by Presidential
proclamation that it would go into effect on the
oath of the present month. About the only ma
/ terial differences between this and reciprocity
| treaties we have with other countries is at
tempts against the life of the head of either
government or members of his famils4 are not
class ed as political offenses. but are made ex-
traditional crimes. According to the terms of
the new treaty it may be terminated upon six
months notice by either government. Officials
| here do not expect that the working Of the new
treaty will bring about any of the ealamities SO
freely predicted by those who are opposed to it.
Ex-senator Saunders. OF Nebraska. who is the
| father in law of that high flying young man.
once known to the toadies of the Metropolis AS
Prince Harrison - now plain Russell Rar-
rison. in compliance with request. has re-
signed his membership ON the Utah Commission
and d. c, Lott who was prominent candidate
for governor of the Territory, has beeu appoint.
| ed in his place. This makes the Commission
stand three democrats and two republicans. and
| in view of the expectation tnat the Territory
will be admitted to statehood at the coming
session, OF Congress. it not expected that any
lurther changes will be made in the Commits.
| sion.
Secretary Herbert accompanied by a number
of prominent officials and few invited guests.
will go over to Philadelphia tomorrow morn
ing to witness the launching of the battle ship
| Massachusetts.
Ever since the organization of the National
| banking system. one of its important laws has
been construed in favor of the stockholders. but
hereafter this law will be construed in favor of
the depositors and other creditors Of the b&nks.
The law in question is that 'which provides Tor
the levying of an assessment up TO 1O0 per C. Mt
OF the face of stock he'd, ON the stockholders OF
| banks, to make good any losses IL has been
customary to wait until all other assets OF q
| broken bank had been realized on, before
making this assessment; hereafter it will be
| made as soon after bank closes its doors as
| possible.