New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-02-15
BEATEN AGAIN.

| Rv larger aiority than anybody eXcep'
PERHAPS Mr.. Bland supposed. the latest bond
! proposal i'm the House. which might be called
| Administration Bill NJ. 1. except that 1t had
| scarcely ANYTHING Of the Administration in IT,
WAS beaten in the House yesterday. This was
n neat Gift Of Sundry millionS-it does not mat
fer now lust how many-to the able fnancierS
| who have kindly consented To help TINS hclp-
less Administration. For all practical purposes
the Democratic party has appointed Mcssrs
Rothschild and Morgan receivers for the United
STATES and they are emincntly competent Ia
RIM things until Mr. Cleveland rctircs from
human view
The details of the vote are elsewhere stated.
but do not touch The main fact that the Admin
istrotion had practically thrown away its last
chance by putting exclusive control Of It's loan
into the hands Of the foreign bankers II could
NOT do better Not after il had carefully de-
privcd the country Of any chance TO do bei''r'
TO sundry international bankers it has always
been like a direct blessing OF Providence thar
Governments like those of Egypt and China and
Turkey and the temporary Government or the
United States were brought into existence II
the House had voted for the per cent reso-
lu,ion. il had 10 assent TO exclusive control Of
also 70 the control for six months 10 come. that
being the time allowed for delivery OF gold pnr-
chased and To Il sort Of option To them To take
any other bonds for eight months. II they would
do 50 as cheapy rs anybody else
An American does not readily get enthusiastic
at this condition Of his Government. not long
ago the first in the world close to the first
in credit. We may easily admit that there was
nothing better 10 he done, after two months had
heen snent by the President and Congress In
devices deliberately cOnrivcd Ia destroy the
credit Of the country. The bankers who came
! n finding another nation deliberately run
ashore by its rulers. and claiming their salvage
are infinitely better and more useful men than
the Democratic executive officers and Congress
| men, whose opinion of such salvage was "x
| pressed by the votes Of the House yesterday
For the unvarnishc,l truth L. that plain dIsgus'
had more 10 do With the voting than any lics-
| ton of finance Really. the country can some
how stand ii to pay SlG,OVO.OOO to he hauled OH
the rocks but il is not in the huInor To pay 'ha'
or any other sum. to do that or any other
| thing at the desire Of the men who nave maze
all this possible and unavoidable
The bond syndicate will do its work ana pre-
sumably will do IL we'll The Unit ID States. II
! it comes TO "A matter Of wreckage ana salvage
ought TO be able To engage the best firms III
the world The Nation is good a thousand per
cent for all il has To pay. Its present rulers
! represent its actual temper and purpose no more
than the stray fly in the last coach of an express
! train represents the motive power. II VIII mol
take long to put the people in charge OF 'hrlr
own again, and salvage for the United States
will not then be needed But. for the moment
the stock market and the hopes OF industry and
Of business. depend, by the wisdom Of President
| Cleveland and a Democratic Congress upon the
eminent bankers who are hauling the ship of
the rocks as best they can They know how
The people, when they get a chance know how
| to avoid such wrecks and such salvage.