The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1893-07-08
WITH FAVOR.
New York Bankers Regard the Extra
Session as Bound to Prove
or Vast Benefit to tho Country, and Say II
Is the Best Thing That Gould Have
Happened Gresham Says the Shcr-
man Act VIII lie Repealed.

New York, July 3.--Leading bank
ers and financiers agree that the presi-
dent has acted with good Judgment in
calling an early extra session of con-
gress.
President Geo. ID. Williams, of the
Chemical national bank, said: This is
the best thing that possibly could have
happened. President Cleveland de-
serves to he commended for his prompt
action. consider the calling of Il ses-
sion of congress on August Z us most
wise. The effect. it strikes me, is sure
| to be good 1t will tend to restore the
confidence where it has been temporar-
| lily impaired and prove of benefit To
business interests throughout the coun-
try. AS to the further issue of certiti-
| Gates, circumstances alone can regulate
this. The situation, on the whole, how
ever, is sure to be relieved"
Robert Nj. Galloway, president of the
| Merchants national bank, said: 81
| think the presidents action in calling
II special session SO early is wise. There
| is only one thing to do, and that is for
congress to repeal the Sherman act l
think it the duty of every man, demo.
crat or republican or populist. to vote
for the repeal. as it is the only thing
under the present condition of affairs
that will avert II serious disaster to the
country.
| VIM. Solomon, managing partner OF
Speyer & Co., said:7 THAT extra session
means the repeal of the Sherman law,
and that means that sound finance will
be established. 1t will help us abroad
wonderfully. Europeans will be con
vinced that we are honest in financial
affairs and do not propose to pay on,
debts in deprecated currency"
Harvey Fisk, of Harvey Fisk & Sons,
said: "The news that Mr.. Cleveland
will convene congress in extra session
on August will cause great rejoicing
and general satisfaction throughout
the land. The tension among business
houses of all descriptions has been 81
great in the last few days that the wei
come news that at last radical stel
has been taken in the repeal of the sill
yer act will do much to restore conf
dence and probably unlock mucl
boarded money. The responsibility.
will be placed where it belongs-ol
|
will not dare disobey the mandate O
the people,"
John Clews of Henry Clews & Co.
said: "Mr. Cleveland has at last de
cided to do something. The Who'll
country has been appealing to him t
call an extra session of congress an
settle this question. He finally has dc
termined to listen to the people. Plac
the responsibility where it belongs
with congress"
INDIANAPOLIS, Ind, July 3.-Walte
q. Gresham, secretary of state, was a
the Bates house Saturday. He ha
been visiting his mother in 1Iarriso
county and stopped over here to see
few of his friends He was asked by
reporter: Have you seen that Pres
dent Cleveland has called congress I
meet in extra session on August ~"
Yes have just noticed that in TIL
morning papers, and l am very gla,
, indeed. that he has done so. / belle,
, there was n general demand for a NEE
ing of congress earlier than Septembe
, and the call, think. will do much t,
! ward allaying the doubts that exist /;
, to the outcome of the financial cond
. ton"
, do you think congress will repe;
, the Sherman act?''
II certainly believe it will. / wi
. say, too, that two weeks ago congre.
would not have repealed the act.
, know whereof i speak when l sd
that"