New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-11-30
SOME FJy4NCI4L SUGGESTIONS.

-Four wears Of Republican administration are
to come. VIVA that may mean, capitalists
and business men seem ready to guess. They
are buying al sorts Of securities aud properly,
st prices which would have seemed ABSURD
one month ago, and they believe that the
general prosperity Of tie country will make
their ventures profitable. Perhaps they may
he mistaken as to specu alive ventures. But
the country has uEqucstionebiy entered upon
an era OF marvellous prosperity and the
shrcwd men of Wall Street bpsia TO IccOR-
nize the fact.
Secretary sherman will have money enough
on hand to meet the bonds which mature in
january, and his offers OF 23i per cent pre-
MUM bring cut few of these bonds thus far
In order to avoid locking up money until
January l, for the payment of these bonds,
it is possible that he may find it
best to place surplus funds with the
National bank depostaries, and there
is a report that he has done so already. In
any case, he will undoubtedly aim to prepare
the way for successful rcfunding in January
next, and he will hardly expect to accomplish
this without preventing any unusual stringency
in the money market. i is believed 10y we'll
grcss will not refuse tins winter to act upon
the financial recommendations of the present
Administration. The passage of a good funding
bill, at any time this winter, would materially
strengthen the public credit, and stimulate the
confidence OF all investors, III other properties
as we'll as in Governments.
With lefmdmg provided for the Government
can get along without difficulty until the next
session of Congress ends. Yet it would be wise
for the public interests to put the matter OF
tariff revision in the charge of competent
commission. to report at the next session. All
the arguments urged by the Iron and Steel
Association, and other industrial organizations,
in favor of the passage of such measure at
the last session, apply equally this winter.
Congress cannot be expected TO do anything
good, in the short time it will have for dis
cussion of questions of revenue, and the best
it can do is to make provision for careful in
quiry and report upon the subject at future
session. This step will check immediate and
ill-consideTed action as to details and any
commission that may be appointed will prob
ably submit more than one report. so that
members of the next Congress can choose be-
tween the two.
At the next session of Congress steps ought
to be taken to settle the status of the national
banking system. The most cmbittered Oppo-
nents of that system cannot now imagine that
it can be overthrow for some years to come
but it must be apparent, to friends as well as
foes, that public interests would be served by
removing all doubt as to the stability of the
system. To that end, legislation in respect to
the renewal of the charters of banks would
be wise, and new provisions as to taxation of
banking capital. The country has to depend
upon the national banks, in great part, for
some years to come at least, and it would
promote the general prosperity 10 clear away
unnecessary doubts, as far as possible, and to
make way for liberal expansion OF the sys-
TEN in answer to public needs