The news & observer., 1897-06-06
That Will be the Next Move OF
the Republicans.
WALL STREET WANTS 1T
AND WALL STREET USUALLY
GETS WHAT 1T ASKS FOR.
THE PERENNIAL CANDIDATE
Stephen Grover Cleveland Expected
to Write a Letter During the
Ohio Struggles
Schedule.

0CUSuulSs
Washington. D. c., June 5.-(Speclal'
If is talked around in administrator
circles that President Mckinley ana MS
Secretary of Treasury, Mr. cage are
now at work formulating reform 1or
our financial system, when lhes W."
sena TO Congress at the beginning Oh
the regular session next December VI
oo,rSo tho administration knows perfect
" well that this Congress VIII not pass
anv law to tighten the gold standard on
this country. And the only object sought
+o he obtained by making the hnanclai
ouestion the leading issue at the regular
session is to draw attention from the
;nionities of the Dingley-Jones tarlf Dill.
1t is patent to everybody that prosperity
cannot be produced by burdenlng the
neople with increased taxation. IL was
+r;ed in 1890 with the result that the
Democrats swept the country, ana TWO
wears later they again carried the Con
,,ro.ss;onal elections and elected Demo
cratic President. History will repeat IT
self. AS yet have been unable to ascer-
tain lust what sort Of financial scheme
tho administration is Matching, but | DO
know that. among other things, the ad-
ministration is planning to retire the
rreenbacks. 1t will be recalled that sew
eral weeks ago Mr.. Dingley unwlttingly
admitted that his object for increasing
the revenues to point largely III excess
of the governments needs was to enable
the Secretary of the Treasury to corral
the greenbacks, lock them up in the treas
ury and thus prevent them from beng
used to raid the gold reserve This is
what Wall street would like, for the con-
traction of the currency would mean a
larger increase in the purchasing power
Of money and a corresponding decrease
in the value of all farm products and
manufactured articles. The protest raised
by Mr.. Dingley's admission frightened
the administration, and those in author
ity now say that the law vii. be com
plied with, and greenbacks received IN
payment of tariff dues will be reissu I'd.
But to revert The administration Will
find when it comes to the question OF
financial reform that the Republicans in
the House and Senate will not pull TO-
gether as they are doing on the tariff
question. And furthermore, the admin
istration will find it a mighty tough JOB
to convince the people next year that
what the country needs is more taxes end
not more money, as contended for by the
Democrats in the Presidential campaign
of last year Never before was the fu-
fure so bright for Democratic success.
Isn't it about time for that perennial
candidate for President, G. Cleveland,
late of Buzzard's Bay, but now Of
Princeton to address some of his turgid
letters to some great and good friend
on the evils of the day? The Ohio cam
paign which will soon burst forth in great
yigor cannot fail to attract some passing
notice from the sage of Princeton, who
is ever in the hands of his friends. Sure
" he cannot refrain from giving large
chunk of his wholesome advice to the
voters of Ohio, who are bet upon send
ing an advocate of the free coinage OF
silver to the United States Senate to sue
ceed Mark Hanna. How can the per-
petual candidate for the presidential nom
ination keep his hands oil Ollo when he
knows that few sentences from his Iefl
will turn the tide and elect some mem
her of the ''Walled-off'' Democracy to the
United States Senate. a great many
Democrats poo-pooh the idea that ME-
Cleveland would again permit the use OF
his name for the Presidency. All don't
know the man. All his life he has been a
candidate for office, and he VIII continue
to he a candidate as long as he lives. l
know that in the winter OF 30 several
attemuts were made to obtain from MI
Cleveland his views on the political stu
ation and how he regarded the outlooR
for Democratic success. Efforfs were
made to obtain from him an opinion as tt
who should be nominated, but the peren'
NAL candidate would say nothlng. NO one
doubts for an instant that had MS Irlends
been in control of the Chicago convention
and presented his name he would nave re-
Iuctantly accepted, as he did III 50 ano
,o2. The men who brought about the In
dianapolis convention have their eye or
cleveland, and he knows it. But he an
saving a word. However, from now unit
1900 no opportunity will be let slip &c
keep himself before the American people
And vet he is not candidate! Oh, no.
The sugar schedule has caused sc
much scandal and is so manifestly the
work of the trust that the Republicans in
the Senate are alarmed, and it is now
whispered around that they will refer the
:. matter back to the committee for the
purpose of eliminating some of the objec-
tionable features. If this is done it will
opportunity to take another flyer in the
market. .l-Al I.aal