The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-09-20

surplus will be exhausted in twelve months,
and then only funds for lis current needs
will be in the treasury. | do not regard
with much favor the plan TO make the banks
repositories, for the reason that IL would
not be a settled one. During Republican
administration the money would be put in
Republican banks, aud during Democratic
administration it would be put in Demo
cratic banks Security would bave to be
furnished TO the government, so that not
only would the deposits change but also the
security"
THE NEW TARIFF CONSIDERED.
Does the new tariff tend TO interfere
with the prosperity of the countryH
Il do not think 50. 1t is a radical change,
and radical changes naturally unsettle
things for a time There are provisions in
the tariff which I, as an individual, do not
approve. | am a protectionist, however.
/ believe in imposing a tariff which shall
protect industries, but still not be prohlb-
Itory. In the case of an infant industry 1t
should be fostered until 1t is able to stand
on its own merits, and then at least por-
ton of the protection should be with
drawn"
How do you regard Blaine's plan of re-
ciprocityp
BLAINE's PLAN APPROVED.
81 look upon it as a logical proposition.
IL, ~ VI all, DOSSESoeo Tue CA1t VI Ocluk
based on business principles. 1t is a propo-
sitlon such as one business man would
make to another. The government, to be
a stable one, should be conducted on bust
ness principles as well as private enter
prise.n
why is it that this country does not
find a larger sale for its cereals In EuropeP
THE reason is found in the speculative
value put upon grain. The value is adj
yanNad n q inf oh the Faarkaf
OF grain from other parts of the world.
The speculation is not confined to the pro-
duce exchanges. 1t extends, IN way at
least, TO the farmers who raise the grain.
1t is natural, of course, that they should
want to obtain the best prices for their pro-
ducts and when they see the prices going
up they hold back their grain. The spec
ulators in the exchange carry the prices
higher to draw all the grain, and soon the
values are above point at which exporta-
tions can be made"
PRESENT CONDITIONS HEALTHY.
us the present condition of the country
healthy %
~ consider it healthy 1t looks to me
as If along period Of prosperity were before
u.s."
"Is it possible for general panic to occur
in this country ~
81 can see no way in which it could occur
except Dy overthrow OF Uu6 ROV6rnInont, ana
that do not expect. There may be local
commissions. but there can be no panics of
the old style'
What part of the country seems destined
to show the greatest growth %
THE WHOLE COUNTRY GROWING.
at is hard to say. The whole country is
growing in a healthy way. During my trip
last fall l visited, among other places, Gal
weston, San Antonio, Fort Worth, Kansas
City. st. Louis and Chicago. Each place,
as | visited it. thought was growing faster
than the other Then, when l got home
and looked at the upper end of Manhattan
lsland,s concluded that New York was
growing faster than any other part of the
country"
us there anything in the stock market to
excite apprehension
Nothing that am able to see"