The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-08-10
Eager Ofice-Seekers Overreach Themselves in
Their Charges of Offensive Partisan
ship on the Part Of Incumbents.
Doubt as toSupervising Architect Bells
Fitness for His Place.
Shams in the Administrations PretenSionS
of Reform--No Successor To Be Named
at Present for Mr.. Kelley.
DULL TIMES

And the Cause of Them-Advice to the Ad-
ministratiOn.
Special to the Indianapolis Journal.
WASHINGTON, Aug. a-"These are dull times
very dull, indeed-and, what is worse, they
seem to be growing duller, said Seventh street
investing agent to your correspondent today.
what is the melting cause of such state Of
affairsl" was asked. Isn't there money enough9"
Money enough-stacks of it--and that is just
what's the matter" was the reply. ''The money
is III piled up-stacked up-in the banks, and
those who own it won't lend a dollar"
''Why do they prefer plineit up in bank vaults
to putting it out on gilt edged collateras, and at
a good, round INTEREST,""
IAN almost universal lack Of conf
dence is the trouble / don't mean a gem
eral lack of confidence that is created by general
causes; but this want of confidence has been
greatly aggravated since the 4th of March by the
action of the present administration. Mr.
Cleveland and his Secretary of the Treasury
don't seem to have any financial policy what
ever, but are content to let monetary matters
slide along as they may. Everybody and every
thing seems to be going it on loose, hap hazard
system, that gives no assurance whatever for
the future. The operations Of the Treasury are
so immense that every move OF its Secretary
thrills the nerves of fnanciers throu0h6t the
country Take that consultation with The New
York bankers Even that little move came near
precipitating panic that would have bank
rupted tens of thousands of our best business
men. 1t required the most prompt explanations
and the most fervent assurances from Secretary
Manning to prevent general smashup. AS it
was, even then, it has very materially tightened
the purse strings of capitalists, and made the
situation so much the harder for our struggling
business men,"
''Wnat would you advise as a remedy for this
unfortunate state of affairs2"
$50 far as the government is concerned, /
would advise the adoption of some permanent
policy-one that the administration can assure
people will be adhered to without change or
variation. would favor, also, liberal system
Of expenditures by rebuilding our navy; by the
prosecution and completion of much-needed and
great public works and public buildings. In
short, l would favor such system as would
expend every dollar in the Treasury above the
reserve defined by the statutes. I would aban
don forever the niggardly policy which results in
piliug up in the Treasury hundreds of millions
of dollars, and would throw all of it could into
the channels Of legitimate business. There is
no craftsmanship in that which piles the money
up in the Treasury; and any party that goes be-
fore the people claimine support because it has
pursued and will pursue niggardly, miserly
policy will surely fall to the rear of the process
sion. 1t cannot keep up If the Democrats are
content to run along in the old ruts made by
predecessors their lease of life will be brief
one; they cannot remain in power. But. if they
strike out and give US something new and it is
success, they may possibly secure as long a
lease as the Republicans had. We will soon see
just what they are going to do"