Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-02-16
The GOId-IBODd Dill.


As was stated in our columns yester-
day. the House OF Representatives, by
a vote OF l2O to 167 refused on THURSDAY
| last TO pass wha, is styled the admins
| tration bond bill. or the gold-bond Dill.
This action OF the House seals the fate
of that bill. and the prospect now seems
| to be that no financial measure OF any
Importance will be adopted by congress
during it's present session.
What a wonderful government Is ours
and how hard II is to destroy its good
name We do not understand now IL
is that such attacks upon its credit as
the two made last week and this week
and by the peoples ACKNOWLEDGEMENTS
fail TO shake the faith of foreigners in
our financial system, and in the ability
OF our experts in monetary matters. one
Of our Democratic exchanges styles the
gold bond bill "the half-billion bond in
fanny" The same paper declares that
the bill involved the sacrifice of every
interest Of the people to the greed and
avarice of the banking. bond-hoiding. and
money-lending classes" The Atlanta
Constitution, the leading Democratic
paper in Georgia, inveighs against the
President and his advisers as Cleveland
and his gang" or Cleveland and his
crew." etc, etc.
The fact is that the Democratic party
Is in a bad condition. and the Republican
party no better of. The Congressional
Record shows that on the gold-bond bill
50 Democrats and 81 Republicans O2)
in alb voted in favor of the resolu-
ton. and 9s Democrats, CT Republicans,
and I Populists G67 in alb against.
The Baltimore Sun makes the following
forecast:
This probably ends the efforts Of the
friends of sound finance to get Congress
to authorize a method Of dealing with
the gold reserve that will Toe better than
that prescribed in existing laws The
President has repeatedly invited Congress
to act. and has shown just what II
should do
Now a simple proposition to lessen the
cost of gold needed for the reserve by
making principal and interest explicitly
payable in gold is thrown out. The
leaders Of the Democratic party have
taken suitable action, but the rank and
file will not follow unitedly. The re-
sponsibility for failing is upon the latter,
and not upon the President or Secre-
tary Carlisle. or Speaker Crisp, or Chair
men Wilson and Springer No small
part of the responsibility rests upo'>
the Republican minority, which processes
TO monopclze financial sanity and patriot
ism. but has all along acted without
regard to the public interest"
AS we indicated yesterday. 1t will hardly
be possible to secure majority In the
Senate OF the next Congress in favor
of the gold-bond biz; and II it should
turn out that there was no hope Of
getting that bill through the Senate. the
President would, Of course, not convene
Congress in extra session Certainly
ne would not under those circumstances
call Congress in extra session for the
purpose Of again recommending the
passage of the gold-bond bill. However
there is no one who can tell where this
battle between Congress and the Presi-
dent will end: and we regard IL as en-
tirely possible that the President may
have to convene Congress in extra ses-
sion to legislate on some other subject
than gold bonds