The San Francisco call., 1898-12-13
A CURRENCY SESSION.

made to the protectionists of the country This work was begun and finished in a shorter time than has been required in the preparation of any of the great tariff bills passed since the civil Under it there has been a marvellous expansion Of trade. The mercial balance has shifted side and we have become the creditor, instead of debtor nation This process has turned the flow of gold to the United States, until possess per capita than before in history. The results of the tariff, it is true, have not been satisfactory its effect upon trade, but the high credit of Gov enables it to replensh its treasury and tide over any such temporary lapse in revenues
 These high and satisfactory conditions of trade in- stead of pushing financial and currency reform out of focus fix 1t there firmly. Expanding trade re- qures perfectly sound foundation The sounder this ls the greater is the possible expansion without ming into the risks of speculation
 The Republican pledge to sound money legislation made Tn 1890 was repeated in more positive and clearer tones in 1898 The silver sentiment in the party, which had spread like the mycelium of fun gus, through the influence of local expressions of pol icy and prevailing ignorance of the subject prior to 1890 largely eliminated in the Presidential cam paign. The influence of men of knowledge and con- Yictlons and courage the money issue has be- come dominant in the party and the State platforms this year reflected their sentiments so that the Re
 
 next March is committed rrevocably to this reform. But pledges are like constitutions They inchoae unless vtalized by legislation The sound money Republicans and their faithful allies, the National Democrats, have recognized the inutity of attempt ing to redeem the sound money pledge with the pres ent adverse Senate Such attempt would have ended Tn defeat and defeat would only have embodened and encouraged the fatsts, and discouraged the sound-money This tolerant and proper view Of the situation brought all sound-money to- gether in the State elections of this year and they fought the way to victory with singular courage They not only held the House. but gained the Senate Now they want the prompt and beneficial of the power they have
 That can be best done by an extra session of the Fifty-sxth Congress. Let us have currency ses- sion Of Congress as after the 4t of March a5 the President call 1t.
 Since the election an expression has been made by the leading public men in Indiana, Iowa and Wis consin. The sound-money Republicans in those States are unanimous in the desire for such extra session
 No State has been more tempestuous storm center this subject than Wisconsin, and the policy advocated there fairly represents the views expressed iii other States named. Mir. Payne of Milwaukee, member of the Republican National Committee. says Prudence, right and redemption of the pledges soemnly made by the party demand that we shall take up the subject of currency reform at the earliest possible moment We have redeemed our pledge on the tariff question Now let us redeem cur pledge the financial problem
 Senator John C. Spooner says: That a wise cur rency reform bill should be passed at the earliest op portunity, I believe
 General Ed s. Bragg, Gold Democratic leader: An extra session of the Fftysixth Congress seems necessity the administration intends to define and settle the monetary policy of the United States"
 Ex-United States Senator William F. Villas: q believe that if the Republicans intend to keep faith with the people and carry out their pledge to reform the currency, their opportunity has come and their duty is plain"
 Ellis B. Usher of the Gold Democratic National Committee The currency question may be set tied at an extra session in time to have it disposed of before the Presidential campaign of 1000 In my opinion this is what the people expect of the Fifty sixth Congress. This is what the Gold Democrats voted for"
 These views supported in interviews by Wis consin Congressmen Cooper, Esch, Davidson. len kins and others.
 In Indiana John P Frenze1 Gold Democratic Ma tional Committee, s. P. Sheerin former Secretary National Democratic Committee deposed at Chicago in I8o6, and Republicans like F. L. Powell. Tohn Marshall Robert Graham, Congressman Rovse and scores of others, who at once recognized by any one acquainted with the public men of that State as the leaders of party and public opinion, concur in the views expressed in Wisconsin
 In Iowa Judge French, J. J. Richardson, Ed Campbell Colonel Martin, w I Babb, Gold Demo crats, and Governor Shaw, all the Republican mem bers of Congress and Senators Gear and Allison con- In Nebraska the same condition of opinion ap- pears in many interviews
 This reform is especially precious to the West, as protection was to the East. The West has made the change in the Senate and held for the party its control of the House. To that control California contributed nearly one-haf the majority which will exercise it. The voice of this State should be raised effectively for currency session. for 1t will be heard with respect.