The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-02-02
SQUARE ISSUE ON MONEY
PRESENTED NOW FOR THE COMING
CONGRESSIONAL ELECTION


Forcing the Teller Resolution,
Says Secretary Gage, Have De-
ivered Themselves Into the
Hands of the Sound Money Men.
NEW YORK, Feb. IA dispatch to
the Tribune from Washington says:
The satisfaction Of the president and
his advisers over the action of congress
on the Teller resolution is unmistak-
ably reflected in the reply of Secretary
Long, after the cabinet meeting today
to the correspondent Of tie Tribune,
who asked whether 1t was not probable
that the resolution would materially
affect the congressional elections next
fall.
1T SEEMS said Secretary Long, "as
if the Lord or their own folly had de-
livered the Democrats into our hands.
Had they kept still, the usual reaction
which takes place after a presidential
election and the usual cry that the new
tariff had not put a gold 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 resolu-
ton practically favoring a deprecated
currency and the free coinage of silver.
by this promise of a Accent dollar,
and of the practical discredit of the
financial obligations of the United
States, they commit themselves to a
policy which will reduce the value of
every labOring 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. 1t was
carried there by the votes of just those
states which went for Bryan and the
Democracy 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 Overwhelmingly
defeated by practically solid Repub-
lican vote"
The result is that we shall go to the
country next fall in the congressional
elections upon square issue between
sound currency ard deprecated one,
between maintaining and impairing the
credit of the United States by giving
the industrial people of the country
| dollars worth. a hundred cents for
| their labor and product, or giving them
a dollar worth 40 cents.
ION such an issue as this, we shall
| not only rally again the whole Repub-
| lican forces, but add to them as we
did in 1896 all sound money Demo-
| Gratis (and their number is legion)
| whose interests and whose principles
| are for a sound currency. This will
| enable US to overcome the ordinary re-
action which l have above referred to.
| 1t will enable us also to overcome the
! cry that is always raised against a
new protective tariff when it first goes
| into operation.
The signs are all that under the
new tariff the revenues are increasing
! SO that they will exceed the eXpendi-
| "a
and that every one Of them which has
been protected by the new tariff is en-
larging it's output and paving the way
to an increase of Wages-the. only ex-
exception being that of the cotton in
dustry, in nearly all the schedules re-
lating to which no change was made.
Yet even with this better prospect as
to our increased revenues and improV-
ing industries, the chance for Repub-
lican success has been tremendously
enhanced by this new phase of the cur
/ rency issue"