The times. [volume] (Richmond, Va.) 1890-1903, 1895-12-04
A PROFOUND IMPRESSION.
Furnished ths Party 4 Financial pIitam
on Which Il Can Stand.
SILVER nEE BITTERLY ASYlGoElsYIc,
The Clear and Forceful Argument In Favor
Of . Reformation of the Currency Sys-
tenn BASED on the Rctircment of
the Greenbacks ia In Accordance
with the Hest Financicss.

WASHINGTON. u. c.. Dec. 3.-Spe-
cial.-The Presidents message made =
profound impression upon the House OF
Representatives to-day.
The sound-Eoncy Democrats are de-
lighted and believe the President has
furnished the party with financial plat
form upon which Il can stand. The Sill
vcr men are bitterly antagonistic and
tho Republicans chagrined The latter
see that the President has unfolded
policy which they are bound to con-
slider, and which they cannot treat IN
a partisan spirit
The clear and forccful argument pre-.
reformation of the currency system,
based upon the retirement of the green
backs and treasury notes. Is In accord-
ance with the Views of the best imam
ciers I'm the country, and is certain 10
be approved by the business sentiment
and intelligence OF every section.
FEATURES or THE MESSAGE
The features OF the message which are
peculiarly commended by so,ind-money
Democrats are Mr.. Cleveand's RECON-
mendations In favor OF broadening the
basis OF the national banking system
and his complete reputation OF the Re-
publican argument that ample revenues
would enable the country to get. along
with the present complex and defective
system OF currency. Ills abandonment
Of the State-bank scheme and his forre-
ful utterance regarding silver are. also
believed TO be OF q character likely TO
strengthen the party. because they tan1
to lead 1t away from those dangerous
theories OF finance which have already
destroyed confidence In the party and
to some extent threatened the integrity
OF the Government.
Those Republicans who are willing TO
discuss the Presidents financial "isws
admit reluctantly that he offers the only
GRl Ian af fh. tn NJ
ford permanent results.
They evade the material proposition.
however. by declaring that increased rev.
enues viii go long way towards
strengthening out some OF the financial
tangles. They advance the utterly Alb
surd argument that conditions which are
not limited to their embarrassing ef-
fects to the Treasury of the United States
can be bettered by Increased taxation.
In other words they would enrich the
people OF the country by taking money
away from them.
CONTRACTION.
Ridiculous as this assertion seems when
made az plain statement OF fact. II
H.. nevertheless the substance OF the
argument used by the Republicans who
favor the nolicy OF inaction, 50 far as
the question of currency Is concerned.
The remainder OF the argument Is thar
contraction is certain to result from
the retirement of the greenbacks ahd
Treasury notes.
The Republicans cvince desire TO
avoid attempting any financial legis-
lation at this session. Byt the Presi-
dent has stated the need for currency re-
form so clearly and his Views are 40
certain OF approval by the county, that
II Is difficult to see how the Republl~
cans can eyade the Issue without causirC
general discomfort. Southern members,
and especially those who favor free coin
age of silver. oppose the message, both
because II Is against silver ana also
against State banks.
A SILVER MAN.
Representative Jones. speaking from
the standpoint of silver man, said the
President had made probably the strong
est ARGUMENT In favor of his own Imam
cial policy that could be presented. Mr..
Jones. however disagreed with him In
almost every particular.
The other members Of the Virginia
delegation had not studied the message
with sufficient care to be willing to DIS
cuss II. .
Postmasters appointed to-day were q:
O. Thomas at Bundick. Northumberland
county, wee !. II. Middleton; J.. III. Davis.
at Eheart, Orange county, vice W, n.
Clark: W. j Watson. at Taro, char-
lotte county. vice II. c. Adams. resign
ed In Virginia
In North Caroina-G. w, DcBruhl: nt
Debruhis. Craven county, vice j. Y. VIII
cox. and f. W. Underwood. at Newton
Grove. Sampson county. Vice T.. A. MohH'
resigned