The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1890-12-17
He Converses About Finances,
the Railroad Situation
and Politics.
The Acts of the Last Congress Given
as The Cause Of the Present FL
nancial Stringenoy,
Thinks We Can Sustain the Railroads
We Hays---Ths Southern
Race Question.

NEW YORK, Dec. l6.-The Sua OF yes
terday prints lengthy interview with
Jay Gould over the signature of George
| Alfred Townsend, on y variety OF top
les. Mr.. Gould thought that an inter-
mediary bank, like the Bank OF Eng
land, would be OF little use In this coun-
try because ID would speedily become q
political machine.
What we need iE this country" said
Mr.. Gould, ''is some flexlbility In our
congressional system, as the British
have. 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 In England keen
on, but the parliamentary leaders
change. Now in the recent elections
that would have been the way, the
speedy way, 70 turn out those leaders or
turn them down for the time being, who
had not satisfied the public expec-
tations."
Continuing, Mr.. Gould said: ~ think
that the United States and France, being
Di-metalic countries, now have IL In their
power under the good feeling of depend
ence, which exists among ell the COM
mercial countries, % bring about the
restoration OF bi-metalism. We are the
richest country In the world. Indeed, I
have no doubt myself that about $780,
600, 900 are now hidden away In stock
ings. 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 eonfidence?"
"fes, it had something to do with n.
think that congress sitting 80 long
through the summer, far into the
autumn, was detriment 10 confidence.
IL was not clearly known what they
would do, and when at last they took
the extreme measure OF putting up the
tarin there was-a run for money TO Inn
port more goods than enough, and the
merchants went I'm debt, and being In
debt, they felt overburdened or dlscour-
aged and this was impaired 70 other
viii terminate the tariff a. generxr por.
icy?"
''0h, no; there must not only be o tar
iff to collect the revenues, but q modsr-
ate degree OF protection Is not objection
able. Our system ought to be protection
In moderation. The last congress had
no business 10 put any more duties ON.
Ii was an error OF judgment and had 30 |
been pronounced by the people. l be-
lieve In protection, however, TO re-
spectacle figure. Interference with bus
iness 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 10 depart from their regular
"A. aF eha4 FCR
the times"
''Do you think we have too much rail-
road In tho United States?" -
mo, not generally speaking. In some
localities there may be too much rail-
road"
Have we too many Pacific railroads7"
THAT might be said II they only did
business between the Atlantic and Pa
cIfc oceans but each Of these railroads
makes way business. which greatly
assists 20 pay expenses. No, think we
can sustain the railroads we have, rs the
intermediate regions rapidly settle up"
On the southern race question, and
especially referring 10 what Is known as
the force bill now before congress, Mr..
Gould said:
"pll tell You what think Is an Inn
portant question, and that Is letting the
southern states alone for the 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 considerably.
hardly ever see respectable man In
the south who Is q republican, and
think IL comes from the republican party
having been IN she habit OF pushing the
African to the front too much and too
long. Ii should not be that we have
these sectional parties; there ought 10
be two political parties OF white men In
the south, and think there would be u
some OF the republican leaders did not
keep this race question excited"