Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1890-12-26
GOULD AND HIS TALK
ON FRANCES, RAILROADS AND
POLITICS.

The Aetsoi tie Last Congress Given ~. the
Cause Of til. Present Financial S,ri,-
E'ncy-Thniss we Can Sustain the Rail-
roads We Iiave-rhe Race Question.
NEW York, Dec. l6-The Sun of YES
terday prints lengthy interview with
Jay Gould over the signature of George
Alfred Townsend. on IL variety of top
les. MIR. Gould thought that an inter
mediary bank. like the Bank of Eng
land. would be of little use in this conn-
try because it would speedily become q
political machine.
"Wiat we need in this country" said
MIR. Gould. lis some llexibility in our
congressional system, as the British
nave. When vote of confidence is not
Forthcoming over there The parliament-
airy leader and his followers step right
out, and there is no such convulsion,
delay and expense as are here required.
The actual executives i'm England keep
on, but the parliamentary leaders
change. Now in the recent elections
that would have been the way. the
speedy way, TO turn ont those leaders or
turn them down for the time being, who
had not satisfied the public eypec-
tations..
Continuing, Mr.. Gould said: 81 think
that the United States and France. being
bi-metalic countries. now have it in their
power under the good feeling of depend
encc. which exists among all the COM
mercial countries, to bring about the
restoration OF bi-metaljsm. We are the
richest country in the world. Indeed,
have no doubt myself that about $780,
r0oo, 600 are now hidden away in stock
ings. l don't mean literally stockings
such as the old ladies use, but the coin
has been taken out of business and put
into safe deposits and private safes"
''Do you think that the Mckinley tariff
bill had anything to do with this with
drawal of cOntidcnce?"
Eyes, it had something to do with it.
think that congress sitting so long
through tho summer, far into the
1t was not clearly known what they
would do, and when at last they took
the extreme measure of putting up the
tariff there was q run for money to i'm
port more goods than enough. and the
merchants went in debt, and being in
debt, they felt overburdcncd or discour-
aged and this was impaired to other
people,
sis it your view that the late elections
will terminate the tariff as a general pol
icy?"
'sOh, no; there must not only be tar
if to collect the revenues, but u moder-
ate degree of protection is not objection
able. Our system ought to be protection
in moderation. The last congress had
! no business to put any more duties on.
1t was an error of Judgment and had SO
been pronounced by the people. l be-
lieve in protection, however, to re-
spectacle figure. Interference with bus
mess is seldom proper thing, and the
Mckinley tariff bill turned out to be an
interference, first in tinkering the tariff
upward, and next in forcing the business
community to depart from their regular
| methods of buying what was enough for
the times"
''Do you think we have too much rail-
road in the United States?"
mo, not generally speaking. In some
| localities there may be too much rail-
road.''
/! THAT might be said if they only did
! business between the Atlantic and Pa
/ cific oceans, but each of these railroads
makes way business. which greatly
assists to pay expenses. No, / think we
can sustain the railroads we have, as the
intermediate regions rapidly settle up.;'
| On the southern race question, and
especially referring to what is known as
| the force bill now before congress, Mr..
Gould said:
..l'll tell you what / think is an inn
portanS question, and that is letting the
southern states alone for tho white man
there to handle the African problem.
Now have been a good deal in the
south and have mingled with its business
men and business classes considerah
| hardly ever see respectable MAJ. in
the south who is republican, and l
think it comes from the republican party
having been in the habit Of pushing the
| African to the front too much and too
long. 1t should not be that we have
these sectional parties; there ought to
be two political parties of white men in
the south. and think there woul1 be if
some of the republican leaders did not
keep this race question excited"