The weekly tribune. [volume] (Great Falls, Mont.) 1891-1894, 1893-05-19
MONETARY UNEAsINEsS.

A 1oellnp Ol uOuDt anu uDcdsiueeo
more or less general, has taken posses
sion Of the minds OF the people because
of the late financial disturbance in Wall
street. This feeling is wholly unneces
sary. and the sooner it is cast aside the
sooner will business resume its normal
conditions.
In yesterdays TRIBUNE we pointed
out the fact that the calamity how!ers OF
the republican party, Whitelaw Reid and
Col. Clarkson being at this time the
chief offenders, are not upheld in their
tactics ever by the press of their W
party, which denounces their assertions
regarding the present administration as
false and malicious. The calamity
howlers are simply bowling through
their hats to aid the Wall street schem-
ers. They know they are lying, but
they trust to the gullibility of the public,
and calculate that if they can injure the
administration by a false alarm they can
scare out a republican victory in the
congressional elections next year, and
break down Mr.. Cleveland's influence
so as TO cripple the democratic party in
1896.
Hear what Governor Mckinley, the
republican chief magistrate of Ohio, says
of the situation:
There is no danger CT a panic or any
danger of serious alarm. 1t son of the
little ilurries liable to come upon people
and an administration at any time. They
come like the thief in the night. leo-
pie at times create a panicky condition
of affairs. when there is really no occa-
sion for it. The most dangerous of it all
is the effect it has on the poorer classes.
They grow impatient and take their
money from savings banks. These things
are always unfortunate, especially so
when there is no apparent reason for it.
| don't credit this talk about hard times.
This country has too many resources and
too much money. Besides that. the
people irrespective of party allllia-
tons have too much confidence in
President Cleveland. They would stand
by and hold up his hands in every posi-
BILE way needed. The president and cab
met are in a better position to know the
cause and effects of a stringent money
market than any of their critics. They
have the means within their grasp of
getting at the true condition of affairs.
If necessary he could convene congress
for the repeal and enactment of such
measures as would give any needed re-
lief. There is no question about acting
when he and his advisors deem it neces-
sary. In my judgment the duty OF the
people at this time is to continue in the
even tenor of their ways and all will
come out well and right.
Governor Mckinley does not say the
new administration is to blame for the
present stringency because he knows
that such an assertion would be false.
lie remembers perfectly well how Mr..
ll%arrison's secretary Of the treasury was
forced to help Wall street out of IA hole
last year; and he probably knows also,
if he dared to confess it, that all the
present trouble is simply the culmina-
ton of the disastrous effects produced
by the decentralization of silver Just 20
years ago.
Local business men and financial in
situations have 10 occasion to feel the
least alarm. Our bankers and others
know very well what has happened. A
few schemers who have enjoyed too
much success because honest men were
afraid of them, laid a trap for others and
were beautifully caught in it themselves
The world has seen them sqiirming in
the consomme without a pang of regret,
but rather with a feeling akin to that of
"a farmer who traps the coyote that has
been preying upon his hen roosts.