New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-07-21

SlGAh
,rATIoN WAITING ON WASHING
TON DEvEl .oPMENTs
,,.otors OF American Sugar Refining
Inv 90 called a halt in their work at the STOCK
s"a and the price was allowed 10 decline
tS'" IN per cent yesterday. The storm OF
more Una" ",.oa IN the House OF Representatives
p,,rst the Ubiquitous deal e7'"e'' 'ne a,'o
sss". and the Sugar Trust has suggested the
sshA'O ., ,laving the stock market cards or the
ws',.h caution The general pubic indignation
uus' fresh exposure of Senatorial speculation
al W demand for a rigid investigation have also
anu prudence desirable. Yet the partisaAs OF
ie"" ,,ovamever combine In private conVersa'o"
"N .be same insolent confidence that the uuS'
sAr .,,elv bagged enough Democratic legislators "
has ~ safetv OF It's tariff schemes. TAis con-
~o &c remarkable. II there is no trutn ID Inc
h'.,Ts, charges that some Senators comm'''eu
hs, 1, swearing that they had not engaged IN
pe''"'' - ejaculation. Men in Wall Street say
s"s ,orms,antial evidence of corruption is 10 U"
Wa" s =, this brazen assurance of the sugar ou''s
'V" ,. ho,ds the price above par when the rest vi
,ock market is heavy. There Will De o'''e'
,,,s, Of pubic condemnation II senator "i"' y
.,,,ss does no, delve deeply into the new egis-
com.,nda, and throw on, a drag-net far enough
.., in some men who mus; KNOW OF 'he SION
-. ~ the Washington servants or the sugar
monopoly ,,,. orsvo.a,d.s letter
ronsressman wilson has strengthened the con-
',.so, ~ many fnanca. men that the PRESIDENT IN
soa N concede enough to the truss 10 ehaoie
.,.,, tariff reform bill 10 be patched up ana
,ans mon the country On this account some
80. and bankers modified their views OF lhurs-
. ,he affect that the Democratic deadlock would
-" oil tariff legislation by this Congress well
NJ. o. hank president said; II believe that COM
N ,ril he Intimately reached. Mr.. Cleve.ands
% +. nlea for the Havemeyers, when read
.,vssn the lines and | think THAI the sugar
49,, u,,l &c, about what 1t wants new sched-
49, .rl no made but the technical construction
IN, Kind AZ people outside OF the sugar "dce'
WI" =, anneararce Of concession II VIII be
.rrd that he trust viii get the SlZV"Vp Oohus IN
a. now form" This opinion is he'd by num-
~ van Street men, and 1t is another way Of
sr,rg tho popular belief that the letters OF the
49,. have been fastened upon the Democratic
mn. 10 secure.y 70 be shaken on IL Is con-
paisHs ~ h. a shame and an outrage mat such
ce1eu rVcsSil bargain o. persona, and poich cor
1,non should be possible and II II snou.u oe VTa
snmmated there is general oee' I'M ,'e 81 b.
ar.ng in condemnation next autumn WILL ne
trsmenoou re EN- are men who hold that there Is
a brirhter prospect now than ever lor N, srv1eu!
sryia7 Of tariff agitation. The news from W asnIle
Ton reflects the bitter feeling aTouSe M and
Ms confirms the chances that Disagreement IN on
srsss will be grea. that no legs.a'i2n W" t. .,
iSics,e tho extent of the uncertainty int WAiCh
hns,ns,s interests have been plunged afresh oE tht
clash Of the Democratic factions ana the e"'a"Oe
~ The President into the arena or dispute ,,,.
SPECULATION has almost come 10 stand NiVla.y
-sssctinc the check 10 reviving enterprise ana
awakening confidence given by the ulSO'e aNIi
~ The legislative situation Al WASHINGTON. ioIn
,sarIv lao 0n shares Thursday the trahSatVlols
in si3cks Yesterday fell TO less than 5000 shares
Even this meagre record represented oarrE any
Commission house business the trailhs oeihs ~ .ue
hands OF the professional operators IN ihr DOdIu-
room Complaints Of the dulness were Dl''vr Among
men who do a legitimate STOCK fNcA'nsY . -
Ths worst feature is that no one can tell when the
naralysls caused by the renewed uncertaln,! WIZ D
ssndsj BROKERS ask themselves. How long VIII
his last? viii the Democrats csrrF on me biuIa
Of negotiating for compromise Tor weeks loh6er
IL I, too hitter dill 10 swallow 10 give business re-
LEI nv tossing the tariff overheard entirely? Must
one wait and wait with industry al a halt ma nu-
fac,urers anxious and the security markets ntau.
until the political necessities OF tn DeinoIratlc
congressman compel them 10 leave Washington 10
look after their fences" These questions are
asked with a tone Of disbursement which shows
how far the incompetency and incapacity or the
party in power have inflicted damage to public seni-
ment.
II is on the ground that the situation has been
aggravated By the position taken by the president
that Mr.. Csvelands letter receive. many criticisms
Men say that II he determined 70 speak ne
should have spoken before the Senate had foriDaiy
committed Itself 10 It's tariff bill, with the nefarious
sugar schedule Then the deadlock would nave
come sooner and perhaps by this time the Congress
would have adjourned In disgust. and gwen me
country relief from the tariff agitation which Is the
bane Of enterprise T. the President had kept silent
the fight might not have become so bitter ana on
gess recognizing the inability 10 agree. might nave
quickly decided 70 throw up It's task OF trying te
doyetal impractcable free trade theories with SUD
mission and obedience 20 trusted and capita istic
combinations already swollen with wealth uhJustiy
wrung from the people.