The times. [volume] (Richmond, Va.) 1890-1903, 1896-11-20
NO CURRENCY LEGISLATION.
The Republicans Not Likely to hec" INC
Ies.on Taurht Inv the Campaign.


WASHINGTON, ID. c., Nov. l9.-Spe-
cial.-There seems to be little probability
that the Republicans Will make any
serious effort to enact currency lesisia-
ton, either at the coming session Oh Ion-
gress or ia the next Congress uiieSS
compelled by absolute necessity. 20
They have taken the position, that win
a high protective tariff ana ample rev.
nues, the present monetary sys'ei" -,
equal TO ali the demands hkely 10 pc
made uuon il and that changes snoulu
not be made until IL has become Clearly
apparent under the new conditions 'hey
expect TO produce that such Changers
no longer be avoided. , -.
II il rather remarkable attitude LOT
the dominant party 10 ASSUME Voi,
sidering the serious threat OF Tree sh-
yer which has hung over the country
for the last three or four years anu
the fact that danger was ohiy aIci'1u
through the patriotic ACTON Oh .lo D.
No,oy democrats. To the latter the re
publicans are willing TO accord iui,
share of credit for the part they piassu
In tho overthrow of the silver forces
b.,t thev appear unwilling, either 10 us
ten TO suggestions from these very uS'
mi aIlies or TO consider the causes OF
WIDESPREAD discomfort, from which the
silver movement derived It's momentum
From Mr.. Cleveland down 10 'he mum
best Sound-Money Democrat tnere Il
not one who does not reahze tne NJ
ceseit.- of good currency lcslsiauon 10
ensure a permanent revival OF business
while the extreme silver advocates can
only be rendered harmless by the re
naval of such causes OF distress ana
consequent dissatisfaction as can pe At
tributed to the present defective currency
system. ..,
SECRETARY CARLlSIE'S REfO ttI:
Secretary Carlisle will, 1t Is Understood
discuss at length the currency question
| in his annual report. AMI will point out
the need for legislation. and the charac-
| ter of the remedy required.
There will doubtless be wide diver
gence of sentiment among Democrats
regarding the recommendations he VIII
make. hut as 10 the necessity for action
| there is likely TO be but one opinion.
| However. IL Is already a forogone con-
| clusion. that the Republicans will pay
no attention to the suggestions Of the
| present Administration and less heed 70
| the warning giyer them 10y the strength
| OF the silver party in the last cam
pagn.
The policy Of inactiOn which has been
pretty well outlined by the utterances OF
| Republican leaders, seems TO be due more
10 timidity and doubt concerning the
character Of legislation needed than 70
any particular aversion to a change IN
| the currency laws They do not want 10
accept the policy established by MI
| Cleveland. but are fearful TO wander TOO
| far from il for fear Of errors ana disas-
| trous results. In addition TO TINS there
| is hardly a Republican member OF either
| house who is not looking for vidication
l l. la.. during the
| last four years.
| CURRENCY NOT THE TROUBLE.
| Everyone amongst them has declared nj
! some time during that period that the
| currency system had nothing to do with
| hard times. insufficient revenues and In
| sufficient protection TO American manu-
| facturers have been the causes TO which
| they attributed prevailing commercial ana
| Industrial depression, and they VIII be
| unwilling 10 entertain different opinion
| until they have had full opportunity TO
| demonstrate whether they have been right
| or not.
They are also divided upon the currency
| question. and the difficulty Of reconciling
| their differences will itself form an OBJ
| stacle to satisfactory legislation.
REPUBLICAN DISCIPLINE.
The Republicans. IN and out Of Con-
| gress. are usually amenable 20 discipline,
and when a plan Of legislation has once
been formulated by leaders they support
| II, if not with sincerity at least with
| fidelity. In the present instance, how
ever, the leaders themselves are all at
sea. and are inclined to pursue yacil-
| latng course.
IL required tho frmness and dofermina-
| tion Of Mr. Hanna 10 force them TO make
an unequivocai declaration on the money
| question IN the st. Louis Convention. and
| IT is likely TO require n hand equally as
strong 10 compel them TO take up the cur
rency problem and bring about solution.
The talk OF Mr. Hanna as n Cabinet
| probability continues and It may not be
| improbable that his presence I'm this
| Cabinet would prove Of benefit 10 the
country by adding additional hrmncss TO
the policy Of the administration.