New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-02-01


tnY TELEGRAPH TO THE TEIBUxEl
Washington. Jan. 3l.-Mr Snermans drect
and rorcible arraignment yesterday Of the Demo-
cratic managers in the Senate Tor ther utter III
difference to the per.ls which threaten the Ma
tional credit had the good effect to-day OF forcing
the real leader of the Democratic side, Mr. Cor
man. to abandon his policy Of inaction ana To
disclose in a way his own attitude toward the
various schemes Of legislation suggested for the
relief OF the Treasury. Up to to-day Mr.. German
had observed a discreet silence on the issues
raised by the Presidents me ssage to Congress
and its prompt and almost contemptuous re-
puda;ion by the Democratic majority of the
Senate Finance Committee. As usual. the Mary
land Senator sought To remain as far as possipie
in the background and to drec, from behind the
scenes the manoeuvres which were II lead up ~
the adoption OF some compromise plan for the
temporary relief Of the Treasury's embarrass-
ments Senator Shermans rebuke of yesterday
was too keen and plain spoken. however To De
ignored by the responsible head Of the Demo-
cratic majority in the Senate. and though Mt.
German early In the afternoon tried To smut OH
all talk on the Treasury crisis by demanding
the consideration Of the Distric: Of Columbia
Appropriation BILL the subject would not down
and before adjournment he was driven to enter
expose his own programme for the rehao'''''
.ion OF the National credit
Mr. Gormans long service the Appropria-
,ions Committee has made him perhaps the
most competent expert on the Democratic SIDE
i'm all matters affecting the condition or the
public revenues. II not surprising. there
fore to find him agreeing entirely with the best
authorities on the Republican side that the pres
ent distress ~ the Treasury Is due primarily u
the r. lure Of the Governments incom" To equal
It's expenditures. Jr. German has. In TACT. Tor
more than year past coniended that any tar'H
legislation was utterly indefensblc which re-
duced tn" revenues Of the Government below
the figures realized under the Mckinley law. ana
his OPPOSITION To the Wilson bill was based IN
a large measure on the fact that that fantastic
picc" of legislative folly would subject Inc
Treasury io certain bankruptcy. The Mary
land Senator did what he could To- add by
amendments To- the Wilson bill to ,he revenues
to bee derived Is tariff taxation. and 1t is prob
abIv tr,ic as ne asserts that Ia" Gormau-B -Brice
"revisiou" which is now the law. saved the
Treasury from "A deficiency twice ms large as
the one which the Administration has no% 10
contend with
The transparent aLsurd!ty INDUCED in by Mr..
Cleveland and Professor Wilson that there -
no deficiency In the revenues was not even hon
ored by Mr. German with sarcastic alluson
n hIs view there has been an alarming deficit
for the present fiscal year. and there may be
a smaller one for he year beginning July
next. SO that II Is now the plan duty OF Con
Crcss 10 meet the danger 81 insolvency which
threatens the Treasury by authorizing som"
temporarv cxpedicnt by which the present dis
irosses of the Government may be tided over.
That remedy Of some sort would be- offered
sl. Mr.
seemed 10 think reasonably certain, and he sug-
gesicd that the relief sought would be given
finally By the attachment of a rider on one
Of the late appropriation bills. what this
rider" would be- Mr.. German did not care To-
guess explicitly. but from the tenor OF his re-
marks 1t was easy to see that he contemplated
some simple piece OF legislation like the authori-
za,ion OF an Issue o, exchequer notes I'm amounts
sufficient 10 make good the excess Of cxpcnd.-
lures over the Governments income.
At Mr. Hilrs suggestion. the resolution offered
bv him yesterday, asking the Secretary OF thr
Treasury 10 inform the Senate what sort OF
a measure Is desired 10 make good existing De
ncencics. was taken UP ana passed WIN MI
C;orman's indOrscment. This action II highly on
cotIraging for IL commits the Senate. ana esi"'-
cially the leaders N the Democratic eide TO the
only practical and Ir'ipnil plan OF relief which *
now feasible-that OF 'airing the present leak
ages I'm revenue-and more Og less distinctly side
tracks the elaborate and ambitious. but wholly
impracticable. scheme OF currency reform offered
by the President as a cure FOR the Ills when
afillct the Treasury
The fun effect OF Mr. Germans utteranres viii
not be felt for some weeks; for the conflicting
schemes of finance which are jostling for prece-
dence will probably have to be threshed 1ut and
rejected and all as valueless before any real
agreement on a cOmmon-sense plan ~ relief
can be effected. But the ultimate success Of such
"A plan has undoubtedly been greatly aided by
Mr.. Germans timely and suggestive speech to-
day.
Mr.. Jones. OF Nevada returned 10 Washington
this morning. and his presence breaks .he tie In
the Senate Committee on Finance between the
free silver and anti-free-sver forces. With Mr..
Jones's aid. Mr.. Voorhees, will be enabled 10 rc-
port the bill offered by him on Tuesday II he still
desires to make that move. Bat the advantag"
OF such a step to the free-siiver cause is exceed
ingly doubtful and IL Is not unlikely that the op-
ponents OF a bond issue will content themselves |
for the present with a purely negative policy
(For the debate the Senate. page IL
MR. cox HAS A SUBSTITUTE.
HE WILL OFFER 1T IN PLACE OF THE ADMINS |