New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-25
NOSTRUNS AND G CSH.

Has the financial Moses appeared! Sndnehi!
there has broken out Il gush OF bills ana Il gush
of urgency for their passage Mr. Springer poii'
over with new confidence about the carlisle
bill Senator Jones and certain Admiiiis-
tration men are enthusiastic over ms new
compromise measure. Senator Smith, OF
New,Jersey. others declare. has solved Inc
whole difficulty "'The NewYork Times cries
ont: Drop everything and pass THIS DILL
Republicans and Democrats must sup
sport f. Give it TO this sorely tried ana
"weary country" one might imagine that the
hill, really would accomplish something and that
the end had come. but for the fact that every
man is shouting for a different bill. ana deniahn-
Ing that every body else shall drop everything
else and pass that. This bill of Senator Sini'h -
80 passionately urged for the sake Of a weary
country-what relief does it bring: INDEFINITE
postponement Of action. with authority TO Dor
row on gold bonds. Even the mover seei'ieu
awore that ne would have To drop the word
gold leaving that part OF his Dill no pe''er
than several others. The rest Is simply an at
temp, 10 fitch from the Congress just elec''u
by the people the power of INITIATING us own
measures. 1t proposes nonpartlsah c"i'iii''o
sion TO be appointed by Democratic rTesi-
dent. q Democratic Senate and Democratic
House. but equally divided as to party 10
.study" the subject. If It means anything I"
means that the next Congress shall await al
agreement between the party discarded by 'he
neople in November and the party 10 which an
outraged people in November turned over the
duty and power Of lawmaking
This il not non-partisan question. Men VINO
pretend to think it is do not even deceive them
s.,ves The wide and radical differences be
tween the two great parties AZ Ia souhdhesS VI
currency and maintenance OF pubic hohor nave
continued for thirty years, ever since the Na''o"
was called upon to meet the bonds ana pro'N'
the greenbacks by which a Democratic repeiiioh
WAS nut down In these thirty years there mas
never been a time when the abest Democratic
leader or President could get a majority OF MS
own party to sustain him in any measure Tor
tho maintenance Of a sound currency, or for Inc
full protection Of National honor. Mr. 11lden
had great power. but completely failed. MT
Cleveland has been twice elected President. ana
both times has found a majority OF his own
Marty impregnably hostile 10 every good thing,
while his own mind has wobblcd from better To
worse. according to the pressure Of partisan In
terests. To postpone action until six Democrats
involving the records of both parties during ana
since the War. is nonsense The people, for
very good reason. have transferred the lawmak-
ing power to the Republican party. and Mr..
Smith may be sure that it will be neither sur
rendered nor stolen.
There Is the same sort Of clatter for the IN
slant passage Of the Jones bill. This Is another
compromise-a modification OF the Carlisle bill
1v laft N N
provisions for Unlimited coinage Of silver, the
holders getting only the market value, ana Tor
retirement OF egal-tender and Treasury notes
smaller than $40 and substitution OF small silver
certificates Professedly the main point Is 10
give authority for issue OF $5OO,OD,OW coin
twenty to thirty year bonds. bearing not over
3 per cent interest, subscriptions to be made al
any Sub Treasury or depository bank. The sill
yer provisions OF the bill are enough to prevent
It's success, and so is the fact that it proposes
no increased revenue, but unlimited borrowing
Next come various schemes for the issue OF
short-term certificates or exchequer notes tC
meet temporary obligations OF the Government
and It Is said that one or more or these may
have some Republican support. But Kepup
lican caucus will be held to-day, and II IS mol
likely TO favor any financial action beyond
naked provision for temporary needs withon
interference with the currency. 1t would De
worth considering whether Republicans should
not. at the very outset take the ground thai
adequate provision for revenue should accom-
pany any further attempt to borrow money FOL
current deficiencies. That course would helI
them greatly In their future efforts TO set the
| finances on a sound basis.