New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-30
NEH YEARS GRIT UANTED

Everybody is looking forward many WIN
hope. but sqHc with fear-io the new year. II
Congress wcT not in session. and defeated
Democratic Congress. more men would nope anu
fewer fear But II * yet within the power "l
this Congress. much evil though 1t has Done 10
give the people New Years gift worth more
millions Than all the congressman put together
or. worth \ sound and reasonable settlement
~ the financial question would be worth no one
can say how much But IN" advic" or "lh'
\cw-York Times" and The Newlork heraiu
10 their Democratic friends i NJ This point emf
ncntlv wise T. recognizes the fact that. b'-
cause II tendencies prevailing at ih' West ana
South and because ~ serious differences 81
opinion among Democratic leaders. no safe soy
Element T. to be- expected. Congress Is there
fore advised to make the best possible H." 81 Us
oppor,uniry. 10y stopping all agitation Wh''h
musi b., barren II not harmful. and by providing
for The safety II the Treasury.
This j. precisely what the decision of ihe pco
III. I'm November put upon Congress the oDIiGr
lion +, do \ fair understanding Of that yerdci
4. that All further changes Of Law. In the direc'
tim If known and avowcd Democratic plir-
po.rs. were prohibited 10y the popular mandate
There. remained Tor Congress the plain duty "i
urn,..rIug the Government aud the people
ns.iu~, harm. without any radical change 81 Na-
rionnl policy This decision Of The people Is in
u,rf.rf harmony with political necessity When
ever 4 rariv is utterly and dcmon~irlbly power
less f., .lo a Thing crcdiiahly and well. it folly
f.. attempt o. Better infinitely frank admis
sion that differences Of opinion render wise
oction impossible than month, Of agitation aud
destructive uncertainty. when The ablcSt CON
al. f.,t.l m he Z
compli>hcd.
TN, currency question j. not now ana has
n.v.r been 4 source Of any danger since tn"
resumption Of specie payments. nd'r the N'r!
system which now exists the country has en-
ioy,l many years OF matchloss prosperity. II
cannot h. said by any man with reason that
rh, possibility Of redceming legal tender notes
In gold l. a peril. when during all the years
after resumption Of specie payments ana unll
the Democratic victory ~ 1872 there WAS prac-
li,ully no redemption Of notes whatever The
DANCER sprang from the threatened change of
pollcy in other particulars. The currency would
have served the country just as well for fifteen
wears more If 10 radical change had been threat
cncd.
What Congress ought 10 do * 10 provide ample
means for The redemption OF notes without call
ing on syndicatcs Of bankers every three or four
months TO tap the Treasury for their private
benefit There Is not the slightest necessity for
such an operation II n all the time within the
power Of Congress. by authorizing a popular
loan AT low rate of interest, 10 provide ample
resources for the Treasury and for any redemp.
tion Of notes which the state of foreign cx-
changes may bring about The people of The
country believe In their National currency. Ii
is NOT too much 10 say that they infinitely pre-
fer it Ia any other II Is exceedingly doubtful
whether they can be- induced, by any political
device whatever. To permit the retirement OF that
currency or the substitution Of amy Kind OF
money which bankers may lend the people at
| a rate Of interest determined by themselves.
| The grecnback dcridcd once by many Repub-
| lean iinancicrs has come To be- the one FORM OF
currency against which the people nave no
| prejudice But there l. 10 necessity for Il
change az This time 10y II Congress which the
people have dismissed 10 private life. Let II
provide for popular Loan and then stop all
! agitation Of the money question.