The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-10-07
n CANARD.
The Financial Result Of Horace Gree
Iey's Election as Understood by AT
Stewart.

Mr.. Alexander I. Stewart has just had
conversation upon politics with a reporter o
the Herald. In the course of this converse
ton, Mr.. Stewart expressed views of grea
weight and cogency upon the financial con
sequences of Horace Greeley's election
These Views are not only sound and judlclou
In themselves, but are stated with such ad
mirable clearness of language that We Civ
them to our readers exactly as they are re
ported:
Reporter. Mr.. Stewart. you are probabl!
aware Of the existence OF an Impression II
| the public mind, and which Is sought to b'
| strengthened TO aid the administration inter
ests in the coming election, that The eleva
| tlon of Mr.. Greeley to the Presidency would
lead to results adverse to the financial Inter
ests Of the mercantile community and OF tht
country generally. l have been directed b!
| the Herald to call upon you, Sir, TO learI
whether 1t is agreeable to you to make public
| your Views on The subject.
Mr.. Stewart. What is 1t you want to know
Reporter. Well, we want to know whether
you look forward to Mr.. Greeley's election as
likely to produce uneasiness and financial diff
| Guilty In the financial world
MI. Stewart. LIDO not. Why should 1t lead
to difficulty
Reporter. Well, IL ID SAID tnaC Mr. Greeleys
peculiar financial Views Wou!d De Inc reverse
Mr.. Stewart. Can you tell me what are The
| views of Mr.. Boutwell, 4? never could learn
that he had any special Views or policy. l sup.
| posed his course was controlled by bis indy.
| ment of existing circumstances 30 far as HE
policy consists 10 purchasing, at q large pre-
MUM, government bonds not yet due, l think
| the sooner that Is terminated the better Tor
r. ord tho amman n Ia 11nAaratnnd
| that the government intends entering upon q
polIcy:whlch, at some future time, no matter
how remote, will lead to resumption OF specie
payments, the better 1t will be Tor everybody.
Continuing the course that has been pursued
the last four years will never lead us 10 specie
payments, but leaves every merchant at the
mercy of gold gamblers.
Reporter. Then you have no fear that the
| election of Mr.. Greeley will produce any fnsn'
| cIal difficulty.
Mr.. Stewart. None whatever.
Reporter. What do you think of his present
| views ON the tariff question !? Would they not,
If carried out by a onange of the tariff, lead to
some confusion with the merchants?
Mr.. Stewart. Not at all. On the contrary,
it always should be lelt-with The people,
through their members of Congress, uncon'
trolled by party dictatIon. I have always
| commended that the tariff laws, to which oul
country looks for lis revenue, should be die
tated wholly by rules of equity and jnstice
and so as to bear equally In their application
| upon all interest and all classes. Take of the
| party whip, allow the members OF Congress tf
! consult the general Interest OF their respec
| live constituents In framing the tariff laws
and 1 believe we would find every interes
much better served and protected than 1t nov
is.
Long essays have been written upon hnan
clal questions and upon the manner In which
| Mr.. boutwell, has administered hIs office
and many speeches have been rade; but 40
one ofthese lengthy writer's or speakers ha
said az much as Mr.. Stewart In the few line
above quoted. The judgment of a man o
talent and experience, and extraordinar.
familiarity with political economy and finance
appears In every word.