The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-05-23

Il tLr 0o&a
WASHINGTON. May q. Especial. l-Th
sold reserve problem we still have will
rs and are likely to have for some tiSe Il
come have pretty good Information Il
the ELECT that before congress adjourni
President Cleveland will send In "a srecia
| message calling the attention OF the ma
tionAl lawmakers 20 the fact that they are
4 abandoning their posts OF duty while the
| eulwark Of the national finances Is still In
haIarSious state. Mr.. Cleveland is famous
for this sort Of thing. Whom he sent In his
special message last December. just as con
| gress was about % adjourn for the holt
| days. there was wailing and gra hing OF
.eesh among the Republican leaders. They
thought Mr. Cleveland had taken an un-
fair advantage OF them In dropping such a
oombshell In their midst just ss they were
about 70 go home for Christmas turkey.
| They did not want 10 stay In Washington,
and they did not dare adjourn. The presi.
dent had contriyed TO throw responsibility
upon them. aud they had nothing TO do
but TO meet IL as best they could.
He May send In . Message.
The expectation Is that Mr. Cleveland
will now repeat last December's perform
snce- Ii is difficult to say what would be
the efect Of a message from the president
during the next week asking congress not
10 adjourn till some provision had been
made for maintenance Of the gold reserve.
No one believes congress would or could
do anything. for the senate Is still domi-
mated by the Democratic Populist-silver-
Republican combination, which effectu-
ally bars the way TO such legislation as the
president thinks would be helpful Tho
probabilities are that II the president sends
in such a message congress will remain In
session all through June, devoting most
Of the time to a discussion Of the financial
question. In this discussion 10 may well
be supposed the administration would
come in for a large share OF criticism, and
pretty caustic criticism at that. The silver
men have already shown a desire To have
the session continued till after the ST
Louis convention SO that they may amuse
themselves discussing the platform and
the candidates chosen there. and a special
message from the president would play
right into the hands Of this faction.
This may be the very reason which will
deter the president from sending in q mes.
sage He Is extremely anxious to have
congress quit and go home, and IL is more
than suspected that after he gets congress
OF his hands there will be some impor.
tant action in the Cuban matter At the
same time the president fears he will be
compelled &c make another issue Of bonds
before fall in order TO replenish the gold
reserve, and he would like TO pillory the
Republicans and silverites in congress be-
fore the people and shift responsibility az
much as possible from his own shoulders
Some observers think the president will
go 80 far as TO call a special session of con.
gress within a month or two to deal with
the financial question He NAV do so, but
the probabilities appear TO be against H.
Likes TO "Pitch In"
The president does not like to have con-
gress here any more than Il absolutely
necessary. especially when foreign matters
Of Importance and delicscy are to be han.
died. for congress shows a tendency TO
pitch In and have good deal 70 say In all
such questions
The president knows that n he were to
convene congress in special session during
the summer the country would be greatly
disquiesed and alarmed. The presidential
campaign Is going to make IL hard enough
for the commercial and Industrial inter
ests To recover the prosperity for which
every one has been praying, aud a session
OF congress. with Its long discussion, with
the bitter opposition Of the silver people 20
any gold legislation. would surely do
much more harm than good.
IL Is difficult TO see what congress can
do 10 solve what Is known as the problem
or the gold reserve As have already
stated, the present congress Is so organized
that IL will not DO anything. We still have
In Washington Democratic president, a
Republican house OF representatives and
hybrid senate-a gold executive a green
back house of commons and a sill yer house
OF lords The gold reserve conundrum.
therefore, Is morally certain To be passed
over 20 the Republicans, IL they come into
power next March. as one OF the unsolyed
problems Of our government The Repub
nchns confidently expect TO have control
OF the executive and both houses OF con
gress In less than year. and IL will be I'm
terestlng To see them struggle with the
problem which has caused the president
and his official advisers so much trouble
How Can We Escape.
The Republicans are already on record
as opposed To the Issuance of bonds I'm TINA
OF peace. but how are they going TO escopa
the necessity The gold reserve dwindies
even with the balance OF trade in orr IN
vor. The balance of trade tells only hall
the story. Ii does not include the s70 OOo
600 or $4,000, 0Uo spent In Europe every
year by American tourists and idlers II
does not include the enormous sums which
are RENTED from this country TO Eurona |
In payment OF interest upon loans and |
dividends upon investment In does mo-,
include the large amounts spent YEARLY |
for carrying freight In foreign ships Ths |
facts are that even with a balance of trade |
In our favor the gold movement is stiu |
from America TO Europe, and of course the |
government reserve must be depleted In |
meet the requirements of commerce
The favorite Republican method of solv
ing the problem is to put up the tariff |
rates, prevent importations and TINS IN
crease the balance of trade favorable Ia our
side OF the ledger II will take a good deal
OF time TO do this and the result may nn,
be wholly satisfactory when 1t Is done
Meanwhile the gold will continue to 90
out, and the Republicans will not be- lone
In power before they are confronted with
the necessity of issuing bonds to build M
the reserve. w
There are many difficulties In Tn. yav
On the one side the people will revolt
against tariff that Is too high. On the
other the difficulty Of keeping up the GOLD
supply makes many ,,oo,ia .ks.t. a. |