Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-02-10
What Nexfs

The overwhelming defeat Of the adj
ministratlon banking -and-currcncy DIN
did not much surprise the experts In the
financial world. They had, Abraham
like. hoped against hope that mat DIN
would become law: but they VIII nara
~ say that their efforts In this behalI
were based upon any solid foundation
Not even President cleveland seemed to
press the measure uron the consideration
OF Congress. lie let the bill take l's
chances. holding himself aloof from Con-
grcss and trusting TO luck. perhaps
tho scheme Of finance which was con-
glgncd to the grave on Thursday last.
Uut 'let the dead bury their dead
and LET US proceed 10 guess what VIII
follow First. Secretary Carlisle mas
already proceeded to- negotiate new io'i
under the old act Of Congress u"-
der which the last new loans
were effected. That is, II appeare'
IN him 70 bc absolutely necessary to me-
ROTATE another loan. Mr.. Carlisle can
plead rs his justification that silence
gives consent" And surely there uao
been I'm Congress a significant silence
which means. or ought to mean mat
TINT body approved Of what he had dohe
in regard 70 this matter We are a'I"'u
that the price Of silver may again IAN
II too many new bonds are put Out p"'
we cannot tell how many milohs Or
dollars worth OF bonds IT VIII Dc T'P"'-
site n Issue before there IS a collapse.
Second. there will probably be an eN'r"
session Of Congress 10 begin not I""s
after the i;h Of March next The present
Congress has declined 10 pass the ne"
banking and currency scheme reported
nv MIR. Springer from his committee pu'
supposod to be an administration "''''
Mr.. Cleveland Of course, has not threat
ened the present congressman WIN an
extra session. but # was stated III '"e
paners very recently on some authority
that he had determined to convene con-
rress in extra session early In March IT
the rrosont Corcress failed TO pass any
measure Of relief al its current SESSION.
Mr.. Reeds declaration in the House OF
REPRESENTATIVES on Thursday that ne
had voted for some features OF the
Suringer bill which did not meet his APP
probation may be regarded "a an inVi-
tation extended by the ex-Speakcr TO the
President to rely upon the next Congress
10 10 what the present Congress ought
IN have done. and upon tho Republicans
IN do what the Democrats ought 10 nave
done.
These be parlous times There Is no.
body who can foresee what Is 10 nc
done tomorrow. Party ties have not
strength enough 10 hold together men
claiming to belong to tho same party
The Democratic President asks for the
massage 81 a hiu which the Democratic
House Of Representatives votes down ~
! a killing majority. What s. TO =" done
others may do as they viii. bat let the
Democrats OF Virginia stand 10 their
guns Eternal vigilance IL the price not
only Of liberty. but of party success. Let
MS beware Of discussions. Let MS con-
code that the Democrats In the House or
Representatives who differ with the Pres
ldent on the financial problem are just
as sound as those who agree with him
ON that subject. once since the war be-
tween the States the United states sem
ate had only seven Democrats IN H. Their
is no danger that the Democrats viii
ever again be So scarce in that body. NJ
any rate. We in Virginia can agree 70
disagree on the Springer bin. and pro,
coed to do the duty which lies just lee
fore Us, whatever that may he.