The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-08-10
THE MESSAGE.
What the Roanoke Bankers
Think of it.

The TIMES obtained an expression Of
opinion yesterday from number of the
leading bankers OF the city on the late
message OF President Cleveland to
Congress and it's effect on the monetary
situation. The Roanoke bankers are
unanimous in agreeing that the meg
sage is wise and able document which
will, II followed up by proper legisla.
ton. have a beneficial effect on the
financial condition of the country.
Some OF the gentlemen favor tho i'm
mediate unconditional repeal of the
silver purchasing clause in the bill
known as the Sherman act, while others
think the law should be allowed to
stand until some other measure can be
substitu ted. Appended is some OF the
opinions:
e. Markley, president Traders Loan
and Trust Company: The message is
a solid document, replete with sound
sense, a clear knowledge of the finan-
ciai situation and the causes of the
stringency in the money market. / do
not favor the unconditional repeal Of
the Sherman act, but it should be set
aside and some other measure substi.
tuted. Congress has a splendid oppor-
tunity to bring about tho needed relief
by following up The suggestions made
and implied in the able message of Mr..
Cleveland"
Hon. Henry S Trout, president of
First National Bank: 81 like the mes.
sage very much and think it will go a
long ways towards restoring confidence,
which Is the supreme need of the hour.
II Congress will repeal the Sherman
Dill, this will at once make money
easier, and have no doubt that Con-
gress will do this at a very early date.
Inc message, on the whole, regard as
an able document, which covers all the
parts at issue very fully"
j. c. Davenport. cashier Commercial
| National Bank: 1.-The supreme need of
the country at this time is confidence,
which the repeal of the Sherman act
VIII, / think. in great measure rs.
store. AS this extra session was called
TO enact legislation that would relieve
the strlngency in the money market,
the President did the wisest thing DOR
sible under the circumstances in confin.
ing the message to this subject alone
II Congress Will pursue the course rec
commended by the President it cannot
fail to have good result"
Charles r. Evans, cashier Roanoke
Savings Bank: 81 regard this as a
"A
understand it, the President laws It
down as q demand that the silver pur.
chasing clause OF the bill known as the
Sherman act shall be repealed. If Con-
gress will obey the wishes Of the Presi-
dent and enact legislation in that line
as natural sequence it will have a
beneficial result on the financial situa.
ton"
D. w. Shields. Jr cashier First Ma
tional Bank: at has the true ring. II
Congress will follow the suggestions
offered think we will have better
times | believe if the silver pur-
chasing clause OF the Sherman act is
repealed it will have healthy effect
on the financial affairs of the county. "
IL. Nj. Darnall, secretary and treas
urer OF the Roanoke Loan, Trust and
SAFE Deposit Company: think this is
one OF the ablest State dockets l ever
read. The President discusses the sit
naiion in clear, concise and forcible
manner and gives the true causes of the
financial depression. II Congress will
comply with MIR. Cleveland's recommen-
dations by repeating the Sherman bill,
Twill be long step towards restoring
confidence, which is the main trouble at
present. With a restoration of conf.
dence, see no reason why the situate
should not Immediately begin to i'm
prove"
R. A. Buckner, president of CITY
Council and agent for Adams Express
Company: II think the message was
what the people expected and in his sug
gestons to Congress, Mr.. Cleveland
pursues the same policy that / had
hoped and believed he would. 1t will
unquestionably prove beneficial to the
country If Congress enacts the legisla-
ton outlined by the President"
dren's hours from q to & O'Clock mt
Crystal Springs to-day.
He Was IItarauv Coo1,a.,