The Caucasian. (Clinton, N.C.) 188?-1913, 1893-03-16
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gFor The GlzsSasaan

OF many prominent bankers, and
business men on the financial condi.
ton of the country. and the prot-
peet Tor relief. under thc present AL
mInlstration.
1t Is remarkable how nearly asasl.
lmons they are in favor of the re-
peal Of the sherman silver Law. They
contend that the business interests"
OF the country will enter upsn an
era of unprecedented prosperity in
the event that the sherman lAw j.
repealed. Sound" homes" and
staple money il their cry. They do
not want any free silver and express
the confident belief that Mr.. Clrve.
land will exert himself IN behalf OF a
sound currency regardless of
party, these bankers endorse Mr.
Cleveland's views on the financial
question. They do not desire any
change, save that by which they can
add more money 10 their plctbro.c
purses.
Extracts from these bankers views
may not be uninteresting To The
CAUCASIAN, asd ! give them here
with.
James Campbell, banker of 81.
Louis, says:
| believe Mr.. Cleveland will bo
equal 10 all emergencies and will
know how TO provide for them until
Congress convenes regularly. aud
that he will then be better able to
shape legislation SO as 10 quiet ali
fears of the disturbed financlers
A gradual reduction of the tariff
will not seriously affect or disturb
the finances or the country, as then
all the evils of immediate tariff re-
form would be avoided, aud the
manufacturer would then be able To
adjust himself TO tie conditions
brought about by the reduction.
| do not believe in issuing gold
bonds. | thiak that the gold scare
is largely artificial, and that the
parties clamoring for bonds are d-
reetly or indirectly in the conspira-
cy. | think that the anxiety felt
about the shipment of gold abroad
and the pretended evil that will fol-
low If gold went to n premium will
have passed out when the Secretary
OF the Treasury positively and per
emtorily states that no bonds will be
issued. From the fact that Mr.
Cieveland's methods are so well
known and that his administration is
TO continue for four years, and any
policy that he would advocate would
meet with the general approval of
very large majority of thei business
community, and they would at once
to adjust their condition
so as to have IN the business con-
form proftably with the new eondi.
ton of things, believing whatever il
is would be best"
Here is what another banker says:
The effect of the incoming ad-
will be beneficial. IL is
understood that Mr.. Cleve-
land is pledged 10 a sound financial
policy. This is understood not only
IN this country bat throught Europe.
Therefore the effect of the incoming
administration cannot fail TO be ben
eficial TO all industries
THE CAUCASIAN readers vii! note
the writer of the above says that sit
is generally undersood that Mr..
is pledged to a sound f.
nancial policy. This is understood
not only in this country but through
out Europe This means that II
Cleveland can prevent it. there will
be no change in the present iniqui-
tous financial laws OF this country!
Now you will hear what Repub-
lican banker has to say respecting
the situation. Read it and sobetly
reflect:
II do not zee what change Cleve-
lands policy will make in the fiaan-
eial world and do not see that its ef-
feet will be other than good. | think
Mr. Cleveland's policy is TO conduct
his administration in such bust
ness-like way that the prosperity Of
the country will continue. I do not
think he will make any radical
changes in any direction. I say this
as Republican who voted for him.
The change of administration II one
Of political significance rather than
a business change. | do not see that
it will benefit or depreciate the pres
ent fortunate condition of trade in
any way.
There are 50 many factors back Of
the flow OF gold 10 Europe that
feel hardly able 10 express an lnteIli-
gent opinion as 20 how it will result.
If the people will only preserve
quiet minds and 90 not get into a
splinter of excitement there will be
no danger. There is no more dan
ger Of panic from an overflow OF
gold than there was from the Read
ing collapse. am perfectly salts
fed.the prosperity Of the country will
continue under the new administra-
ton, and should experience an in
increase as il did eight years ago"
Your readers will doubtless recall
the. fact that the tariff was regarded
as the paramount issue in the last
but is singular, that in
view of the fact that it was eonsid-
cred such an egregious evil then,
how silent the leaders are now re-
garding it. Their silence is appaII-
ing and painful! Here is what a
New York broker says when inter
vie Fed by the World said:
II think the tariff is a dangerous
thing TO meddle with a. present.
IL those who were com aissioned TO
execute the viii of the people fail TO
Keep their pledges, two, and four
years hence, they viii find the peo-
pie dangerous to NEEDLE with
Honesty is as essential in politi-
cal parties, as In individuals.
JAMES B. LLOYD.
The question as to whether lovely