The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-12-07
Recommendations Concerning the
Currency Not Acceptable to silver
Republicans and Popalists.
CUBAN JINGoES UNHAPPY
BECAUSE THE PRESIDENT DID NOT
FAVOR INTERVENTION.
Majority of Members OutspoIxen I'm
Supporting the Recommendations
Expressions of London Editors.

Special to the Indianapolis Journal.
WASHINGTON, Dec. 6.-Nothing was
done by Congress to-day except to listen to
the reading of the Presidents message and
to give the clerks a taste of work in start
ing few bills through the mill. The be-
ginning of the regular session of the Fifty
fifth Congress was tame and without ex-
citement beyond that incident to the recep-
tion Of a message from the executive whose
words were awaited with honest interest as
coming not only from the highest officer Of
the government, but also from the recog-
nized official head of the Republican party.
and, therefore. as naturally outlining TO a
greater or less extent the policies of that
great political organization. His utterances
on the financial question commanded closer
attention than any other portion Of the mes
sage, not even excepting the Cuban chapter.
1t did not go as far as the sound money
specialists could desire, but it's recommends
tions are step in the right direction. and
ii Congress follows his suggestions it will
be an opening wedge that will make travel
ing the rest of the route easier. To that
extent, therefore, the Presidents financial
deliverances must be regarded as satisfac-
tory. They do not cover everything or go
as far as was desired by the uncompromis-
ing sound money element, but they mark
distinct progress and open up a way for
something practical to be done at this ses-
sion.
The Presidents reference to Secretary
Cages report leads the country to look for
something decidedly more advanced and
comprehensive than is advocated in the
message proper. Mr.. Mckinley does not see
his way clear to the acceptance in full OK
his secretary's financial scheme, but he i'm
dorses the man and advises Congress to-
give prayerful consideration to his report.
1t can be stated with full knowledge OF
the relations between the two men that the
President has a profound respect and admi-
ration for Mr.. Gage. and Isl satisfied that
he is one of the greatest ministers of finance
the country has had since the days of Ham
ilton. If Congress will but empower the
President and secretary of the treasury to
break the 'endless chain," and, possibly.
go further, and follow Mr.. Cages sugges-
ton of empowering the secretary of the
treasury to make short loans up to 00,O00,-
900 on exchequer notes to meet emergencies,
a long step will be taken toward protect
ing the national credit in panic times. and
all that can be expected by the most sam
guine at this session will have been accom-
plished. 1t has been made clear by to-days
message that the President looks to the
Republicans in Congress to make an honest
effort to do this much, and they are getting
ready to follow his lead in preference to
that of coterie of disappointed presidential
aspirants. The talk tonight is that the Re-
publicans would be wise to follow the vic
torious instead of the losing horse to the
stable-to look to the winners rather than
to the losers for safe counsel and guidance