Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1892-06-27

Mr.. Cleveland ~ tbs democratic eAndir
date. Whichever Of these Candidates
IL successful next November the coun-
try will Eol OILY % saved . WASH deal OF
anxiety concerning the silver craze, eut
the prospects are encouraging for the
repeal OF Al least the worst features N
our present foolish silver isss- TIE
full importance Of security from fur
ther recklessness of this sort until
March 4, 1897, il not yet realized; for
time 10 required 10 restore confidence
after such long period OF fear and
unrest. In the matter OF gold exports,
the probability il that these viii soon
cease. az future grain and cotton bills
will be freely offered and take the
place of gold. The equAnimity with
which gold shipments nave been re-
gsrded 10 something remarkable.
Money has become wonderfully easy,
it is true. during the whole gold ex-
porting period; but this WAS rather due
TO the great expansion IN silver circula-
ton aad moderate demands upon
bankers from both trade and specula-
tive quarters than to any other causes.
At the same time, the treasury - not IN
o position TO spare much gold; and,
though no concern is warranted about
the treasury being able 70 meet all cur.
rent obligations, still only the most
skiiifui sort of management has saved
il from embarrassment. The most
phenomenal part OF gold exports is that
they should continue in the face OF
such an immense trade balance IN our
favor. In May there was an excess OF
exports over imports amounting to over
81 ,o64, 900; while . year ago there was
an excess OF nearly $l4 1000 in i'm
ports. In the last eleven months We
have seen the extraordinary excess of
exports over imports of $40, Ooo, 900;
and the best calculations are that, AL
lowing for the gold movement. under
Sbiunt1oues ms0kccss AacsbhsSs SsS'p
balance Of over 500, OOO. 900 still re-
mains to be explained. The explana-
ton is that this balance was settled by
the free return of securities from
Europe instead of gold, which has been
observed for months.
DR.. BRApLEY's baccalaueate sermon
of last evening Was an effort worthy
of larger audience. Astounding in
beautiful imagery and brilliant bursts
of eioquence, 1t was withal sound and
practical. He treats educational prob
lens from q distinctly nineteenth GEN.
tury poin. of view, but looks back to
the heroic scholars of the early days
for the precepts that have never grown
old and will always dignity and
temper the conception of present moral
and social problems. OF late it has be-
come the fashion among certain radical
thinkers to discard as archaic the gen
tie, reverential wisdom OF the biblical
scholars. DR.. Bradley's address proved
that aid more of the spirit of those
teachings lend its beneficent influence
to the working cut of the great prob
lem of human life the solution might
be more speedily reached.
Now that William T. Powers has de-
cided TO rebuild his theater 1t is to be
hoped that ne will construct such .
convenient and handsome playhouse
ss Will silence any agitation about the
need of another theater here. Mr..
Powers has the advantage In site and
opportunity. The theater is luxury,
a place where the devotees of fashion
ike to congregate. 1t should he invit-
ing, commodious and comfortable in
its arrangements for spectators and
players. Mr.. Powers is to be
commended for his decision to re-
build, and the lovers of the drama, will
rejoice to learn that it is his intention
| to have the new edifice completed by
the beginning Of the next dramatic sea-
son.