New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-15
Why COMPROMISE WILL NOT SER'E

WHY COMPROMISE WILL NOT SERFE.
In all discussions that may come of the vari-
ous COMPROMISES which Democrats are pro-
posing, those who want sound currehc! h''c o"o
fact TO remember The demand for repeal oil
the act of 1890 was mainly scn'imeh'"i IN"
partsan. That demand originated Ill Il par
tisan desire 10 ascribc TO the present silver Ill"
all the evils which the vote for Il chihse vi
National policy brought about. 1t was quickly
reinforced by great body Of business men,
bankers merchants. manufacturers ana SP'o"
lators. who believed that the repeal woud DfihS
hither many millions Of foreign capltai ana SET
prices booming There was no 1ouhdauon
whatever at any time for the claim That the
actual effects of the present law had involved
danger TO the Treasury thus far. But 1t was
imagined that capitalists here and abroad, mer
chants bankers. traders in stocks ana Ill prou
rcts would have more confidence If the act
could be repealed. and so each man wanted 'he
thing done because or It's cXpectcu ihnu'n'o
upon the minds of other men.
After nearly year of assiduous nursing TIE
idea that unconditional repeal was neccssar!
TO business prosperity had gained strohshoi"
Men who De sonally considered 1t nonsense
nevertheless encouraged if. because inc!
thought repeal would help their business OF
their specuations on account OF the peiei VI
o,hors In their anxiety to get the thing done
great many predictions were maoe WHICH,
were extremely unwse and dangerous. 1t WIS
asserted n thousand times. by men whose posi-
ton gave their words some weight, 'iial us
aster would surely come at once If the demand
for repeal were not promptly granted fredlc-
,ons of this sort sometimes work out their own
rool,zotion but in this instance the common
sersn Of the business world has declined 10
take the performance in the senate us Il S's""'
for the destruction of all values
ANY compromise whatever. If 1t is to 90 any
real good. must in some way satisfy the Juds-
meut and restore the confidence OF lnui'i'uueS
who have been expecting unconditional repeal
Moreover as one great reason LOT urSinS wv,
measure was the belief that foreigners wouiu
sion drawing gold from this side. ana wouio
scnd their gold hither for stocks ana other
nronertv the great necessity is that the Tor
o,crors who expected unconditional repeal shall
| he convinced that some compromise VIII give
| entire safety If that cannot be done IL II Is
not found possible to devise measure WHICH
will restore the confidence Of business men NJ
| home and abroad. and at the same time satisi!
the silver men and the Democrats VINO are
seeking Pop,ilist votes. then compromise can
do no good. II will in any case prolong 'he
| agitation and the uncertainty. for in It's nature
a compromise is only a postponcment OF inc
| final decision.
With the partisan reasons for compromise
on this question Republicans can have HUE
svmpathy If the Democratic party cannot or
will not do what it has declared necessary i"i
the public welfare. and if it refuses TO do 'hls
because II would in consequence lose votes IN
some Western and Southern States. the klnd oil
compromise which may be expected to save II
those votes can hardly enlist Republican en-
| thusiasm But because no such comprohl'Se
can accomplish the one practical good WHICH
unconditional repeal would have accomplished
because no such compromise can restore 'he
confidence of capitalists and investors ana
business men at home and abroad, Kcpuo
lcans have no occasion 10 give their support
TO any measure Of that nature