The morning news., 1894-11-12

ing as disgraced the Senate in the late
settlement of the tariff question; and it
similarly shows the Indignation in the
nation al large at the revelations of unpar-
alleled fraud in the public departments
CT this city, brought out by the Lexow
committee. These are signs of a whole.
some resolution among the people at
large that politics shall be purged of
now prevailing corruption; a symptom
which is immeasurably valuable as con-
Veying an assurance of higher standard
OF morality in our future political admin
istration.
3. The vote also expresses the beginning
OF decline in popular sympathy with
the vagaries and unsettlinC projects of
popNlism; which has a direct bearing
upon an important class of investments,
and bespeaks a sounder basis of financial
honor in sections which have been ex-
posed to serious distrust To the same
extent, it suggests a hope of the early
elimination of this pervertng and corrupt
ing element from congressional legisla-
tion.
T. The result also simpltfies the future of
legislation. In place of utter uncertainty
as to the disposition of congress on certain
fundamental matters of legislation, it
brings the country back to the control of
a party whose general policy has been
indicated by a long tenure of power; and
though there may still be differences of
opinion on parts of that policy, the with
ering influence of uncertainty as to the
future of certain vital working arrange
ments is very largely removed. This is
large contribution towards the remedy
of the now widely unsettled state of con-
fidence.
5. The election also means the removal
of the tariff question beyond the reach of
further agitation; for while it may be
taken for granted that congress. can do
nothing more in respect to the sugar du-
ties, and to certain raw materials, it
seems equally certain that the party re-
turning to power will allow the new tariff
TO remain undisturbed until at least it
has had a sufficient trial of experience
g. We take it also, that the change of
government means a serious effort to re-
form our currency system. The over
whelmtng majority will make the next con-
gress and administration less dependent
upon conciliating the clamor for free
coinage of silver and for fiat money; and
as republican leanings towards those
heresies have doubtless been due much
more to motives of factonal accomoda-
tion than to any real disregard for sound
money, the hope for conservative legisla-
tion on the currency question is thus very
greatly strengthened. 1t is probable that
this view will be taken abroad, with the
result of a material strengthening of the
foreign confidence in our investments
which has been so rudely shaken by the
uncertain attitude of congress upon this
urgent issue.
T. In a word, the chief significance of the
political revolution lies here;-that while
the advent of the democracy to power
suggested a long series of radical changes
in matters affecting the nature of the
laws and the regulation of our trade and
finances. yet the truth is, that whatever
may have been urged in favor of such pol
icy. the people do not take kindly to the
prospect of so much change and uncer-
tainty as all this reforming involves;
they are more concerned with the present
than the future; they want the shortest
cut to a renewal Of prosperity; they pre-
| fer putting up with some things of which
they may not theoretically approve to so
much reconstructing as the party now in
power proposes; and they, therefore, say
to the late discarded party,-"take the
reigns again; we have given you few
lessons and if you will take them to heart
we are prepared to trust to your future
control, rather than throw everything
into confusion by too much experiment
ing" This, we take it, is about the mean
ing of the business mans vote. The mo-
tive viii commend itself to the sound
common sense of the country; and, when
supported by such an immense majority
| of the people it becomes a very powerful
contribution to future stability and con-
fidence.