New-York tribune., 1896-01-25
ORR CONSPIRATORS AT HOME.

What do people mean when they talk or as
scrting the rights Of the United States against
n foreign Power. with revenue SG,oOoooo less
this month thus far than the expenditures OF
Government? OF course nation at peace can
borrow. if II has any reasonable prospect OF
paying ANYTHING. But what can nation 90
which is stranged by its own lawmakers so
that ii cannot even pay It's own expenses? That
is something which the loud-voiced hcralds OF
war in Congress DO not fit to think about.
II the Nation is thus strangled by It's lawmakers
today. what proof is there that 1t will be able
either to borrow or 10 pay at any future time'
Loyalty do men say? But If silver men had
any LOYALTY in their composition would they De
conspring to force the Government into posi-
ton where it could not pay its debts. and con
se0uently could not borrow in case of any emer-
gency? Quibbles will not do, gentlemen. You
are trying to bankrupt the Government. III the
notion that your theories may somehow De
helped and the value Of your mines somehow
increased. If you can succeed Perhaps you
think this sort Of thing loyal There are many
millions of Americans who do not. ana they VIII
tell YOU so before long In November their
voices will not be music In your ears. Ihe
world will always lend. 10 be sure. II Govern
ment shows the disposition and ability TO pay.
Rut If il refuses? A bond is worth much If only
500 600 900 are outstanding, but considerably
less If 5000 900 of the sort are outstand-
ing and no one can tell how much less If an
indefinite increase Of the debt Is to be expected.
The European bankers: who were hungry TO pay
112Is for per cent bonds early last year. are
now. proposing to bid only par for the per
hat thaUn vi
else bid if the Government insists upon borrow
ing something like $1OO,0O0,0O0 year to cover
its deficiency Of revenue. as the President and
Secretary Carlisle explained TO Mr.. Morgan they
preferred TO do: Is not that truly delightful
basis for war loan. if one should become neces-
sary?
Every body knows that the Republicans, il
once in full control. would provide an adequate
revenue with surplus for redemption of public
debt except in case Of war, and would make
provision for borrowing all the money that may
be needed from the personal boards OF the peo-
pie But the Republicans are not in full con-
troll A President who has the amazing ali-
dacity TO threaten war; and yet to refuse al'-
proval of revenue bills sufficient to cover cur
rent expenses. is still in the way and TO help
him there is clique Of silver Senators, who
hate him with desperate and unspeakabe
hatred, and yet delight to do his bidding. Be
tween them there is possibility that the Gov
crnment may be left for IA year or more 10
come without revenue enough to meet its cur
rent expenses. and obviously without enough TO
make any preparation for emergencies that may
arise in foreign affairs. If under such circum-
stances the country again needs to borrow, what
reason is there to expect that even per cent
bonds will be taken with readiness by practical
men on either side Of the water! A GOvcrnmen.
which absolutely refuses to pay It's current ex-
penses no matter what the cause alleged may
be- does not deserve the credit OF the financial
world, and may be sure that 1T will have to pay
a heavy shave if it succeeds in effecting any loan
whatever.
Thus the performances Of the silver Senators
II they stick to their plan Of defeating any new
revenue bill, and the policy OF the President
il he persists in the false assertion that no in
crease OF revenue is needed, have a direct ten
dency 10 place the country in a position Of bank
ruptcy at the very moment when the President
seems particularly anxious to embroil 1t with
foreign Powers