New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-02-02
THE PRESIDENT REJOICES.
HIS VIEWS REFLECTED IN SECRETARY
LONGS WORDS
CHANCES OF REPUBLICAN SUCCESS IN THE COM
ING CONGRESSIONAL ELECTIONS TREhEN-
DoUsr.Y ENHANCED BY THE VOTES ON
vHE TELLER REsoIUTIoN-THE
INCREASE OF REVENUES
lBY TELEGRAPH TO THE rRrRUHE.l

GRATIFYING
IBY TELEGRAPH TO THE rRTRUsE.1
Washington, Feb. 1.-The satisfaction Of 'he
President and his advisers over the action Of
Congress on the Teller resolution is unmistaka-
bly, reflected in the reply of Secretary Long, af-
ter the Cabinet meeting to-day, 70 the corrc-
spondent OF The Tribune, who asked whether
1t was not probable that the resolution would
materially affect the Congress elections next
fall.
TT seems" said Secretary Long. "as II the
Lord or their own folly had delivered the Demo
Gratis into our hands. Had they kept still. the
Usual reaction which takes place after Presi-
Dental election and the usual cry that the new
tariff had not put a god spoon in every mans
mouth might have given them the next House
OF Representatives But they have introduced
and passed by their majority In the Senate A
resolution practically favorlng a depreciated
currency and the free coinage Of silver.
by this promise Of a forty-fourcent dollar
and OF the practical discredt OF the financial
obligations Of the United States they commit
value Of every laborlng mans wages. Of every
veterans pension. and Of every penny saved and
laid up In our savings banks. This resolution
was carried In the Senate by Democratic vote.
States which went for Bryan and the Democ-
racy IN the last Presidential election
Yesterday In the House. in which there Is a
Republican majority OF fifty. representing the
States which carried that election, It was over
whelmingly defeated by practically a solid Re-
publican vote The result is that shall go
TO the country next fall in the Congressional
elections upon a square issue between a sound
currency and a deprecated one; between main
tanning and impalring the credit OF the United
States; between giving the Industrial people Of
the country a dollar worth hundred cents for
their labor and product and giving them a dol
lar worth forty cents.
ION such an issue as this shall not only
rally again all the Republican forces, but
add 10 them as we did in 1895 all Sound Money
Democrats (and their number IS legon), whose
interests and whose principles are for sound
| currency. This viii enable us TO overcome the
ordinary reactior which l have above referred
to- II Will enable US also to overcome the cry
that is always raised against a new protective
tariff when 1t hYst goes into operation.
THE signs ali are that under the new tariff
the revenues are increasing that they Will
exceed the expenditures. that our Industries are
revvng and that every one OF them which has
been protected by the new tariff is enlarging its
output and paving the way TO an Increase of
wages-the only exception being that Of the
cotton industry in nearly all the schedules re-
lating TO which change was made Yet even
with this better prospect as TO our Increased
revenues and improving industries. the chance
for Republican success has been tremendously
enhanced by this new phase Of the currency
Issue"