New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-13
FISHING FOR FORGETFULNESS.

Nuch credit Is given TO President Cleveland
bv some admirers for his shrcwdncss in divert
inc attention TO the State bank scheme. wh'h
II, saw that the tariff and other issues hah
brought defeat upon his party Doubtless the
President himself and many Of his admirers
consider II n particularly cute thing II the
Good noonle would only forget nm earlier ana
gross offence in their Indignation at later II
might be shrcwd for the Tammany ras'alS 10
give tho Icxow Committee some new iniamE
TO disclose every day. But as the crimes VI
Tammanv have accumulativc force. each new
exposure deepening the impression "i''' ~
those which have preceded so the l'ii''> "
Democratic administration do not "rl'' cav"
other from memory. but each in succession III
tensifes the wish Of voters TO Kick themselves
for having ntrustcd power 10 such Il party
How far the monetary agitation WHch NV
President has begun will make troublr no one
can Indigo lust yet. Gold exports began lu''
appropriately soon as his pore! WIS 81"
nounced and the continuing dlstrus' oi i"'''Hn
ors in ,hc financial future of this country Is
likely 10 cause large selling Of stocks ana ou'-
goes Of gold for some time To come Inc "n-
minlstration will he properly held r'Spo'Si"''
for the consequences of this agitation "'>'.
whether II ends in any disastrous chahIe "i
law. or only in prolonged and depressing u''
certainty 1t was very unit thliS LOT any
statesman To attempt a general rc'"hS'"'"'"
Of the monetary system a, ulne Wh'h 'ne
busincss Of the Nation was so severely ul'H'
Int II was thing particularly uhht ana aIii'"N'
indecent. for the leaders Of party when m"
inst been overwhelmingly condemned III 'h'1
election. 10 seize the three remaining months
Of mower for an attempt to defeat the peoples
will by such a change.
All This the voters are quite able TO compre'
bend. and It is not with great patience 'ha'
they witness new attempt 10 force opSoi'''
Democratic theories upon the country ai''r me
voters have entered their verdict against 'h'h'
In a moral sense. ii IL IN impnd"nt usurpau""
Of power. after such a defeat, 10 use Il 'r"S'
which the people have withdrawn for The pur-
posc OF carrying out objects ihey nave 'hPhar
ically condemned. The effect will not he 10 re-
yivc confidence in the party thus defylnS puphc
opnon President Cleveland will discover. IL
is safe 10 predict. that his cndcavor to bring
back wildcat State banks to curse the country
again will prove not more popular than his IN
come tax or his prOStraton OF home lhhus'I1'N'
The bill submitted by the Secretary or me
Treasury differs in no essential from the ou'iih"
which has already been criticised II does mol
limit issues Of State banks. but does limit ISSUES
Of National banks, 10 denominations of 81" or
more deriving National but not state banks
Of the most profitable kind of circulation. IT
does not tax State as II does National banks.
10 the extent Of per cent on their outstanding
circulation and this also would be fatal dner-
cnce II does not require State banks 10 Keep
their deposits of legatcndcr notes in the Treas
urv. where II Is pretended that such deposits
would be a great help 10 Government, but al
lows them to be made with any official the
several States may designate. II does not sub
iect State banks but does subject National
banks. TO assessment by the Government In
case the failure Of one Of their number involves
liabilities greater than its fund on deposit.
II the President fances that this or any other
subject will lead the wOrkingmcn To forget mat
a large share Of them have lost employment for
a wear or more and that nearly all have had
their wages reduced when greater prosperity
WAS promised to them as a result Of Democratic
victory he will learn better. Every wage
Garner Is reminded every time he draws MS
wages that the Democratic party stole success
in 1882 by lying to him. and has inflicted upon
him the most serious industrial reverse the
country has seen for fifty years