New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-08
TIE QUESTION FOR PARTIES.

1t is time to consider how the great bond sale
NAV affect the prospects Of parties. The silver
party by whatever name ii may be called, I'M
questionably suffers Calamity -howlers are
hooted off the stage, when the people bid $o6S,-
600 600 for 500 coo, 600 Of bonds on IS per
cent basis or better. But the Democrats who
see fit to stand in with the silver faction suffer
also. Both must be judged as If they were sup
posed to be possessed of average common sense.
Each in that case must share responsibility for
a reckless and indecent but defeated attempt to
leave the Government without enough resources
for its current expenses. until it consents to free
coinage of silver 1t is not recalled that any po-
litica party in any country has ever been treated
more contemptuOusy than these cOnSpirators are
treated by the public in the bids for bonds.
Really, they We're scarcely dignifie1 with con-
tempt, for the people treated them as if they did
not exist
This necessarily applies to the majority of the
Democratic party and TO so many of the RepuD-
lcans as are inclined To demand silver or moth
ing" Certainly the people do not want to waste
their savings in supporting n Government which
there is any possibility that these people may
seize. But practical folk think there is no pos
sibllity Nobody wants 10 pay HOY in gold for
States will ever fall into the clutches of the sill
yer conspirators even for day. Remembering
that almost every bid Of the larger banks report
ed included bids Of many smaller banks, and thai
each bid Of the smaller banks included bids Of
many individuals. it will be realized that the
4600 bids probably represented great army OF
at least half a million active and practical men,
whose opinion and influence mean something in
American affairs.
The Republican party did It's best in the Sen
ate and In the House 10 enable the Government
to borrow on more favorable terms, if II must
borrow at all, and even went to the length of
setting aside its own grave doubt whether any
loan was necessary, in order to meet as far as IT
could the views of the Executive. 1t passed the
Bond bill in the House without delay, but was
blocked in the Senate by the votes Of Democrats
and POpulists 1t proposed much wiser ana
more lasting remedy in the bill to Increase the
revenue, and again has thus far been blocked by
the same combination. There Is nothing that the
Republican party had power to do In either house
to relieve the Treasury from embarrassment that
it has not done or honestly tried to do, and the
triumph Of the people is peculiarly its triumph,
because all doubt and danger have been for a
year constantly magnfed by the Democratic
President
There Is one thing more to be said. The Re
publican party cannot suffer itself to be even
suspected Of connivance with the conspirators
who have tried to bankrupt the Government 1t
cannot safely countenance for a single day the
pretence Of any man to be a Republican who will
not vote to provide adequate revenue for the
Government, so that it may have no excuse
whatever for further borrowing II Senators
Teller and Dubois and some others have any de-
sire to be regarded otherwise than as enemies
of the Republican party when its next great
council meets, they owe 1t to themselves to show
that they are not assistant Democrats. The
votes in the Senate are telling and will tell ex
actly where they stand. If any Of them are
ready to wreck the United States and the Repub
lican party, unless they can have their own way
though they cannot wreck either Nation or party
as the people have been proving it is time fol-
them to range themselves where they belong
The country can get along without them, even
If prosperity waits year or two, but can they
get along very well without the country