Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-08-26
SOME OPINIONS EXPRESSED
As to the Change in the Financial
Situation.
Most of Those Quoted Consider That
There Has Been an Improve-
ment That Will Continue,

There Has Been an Improve
ment That Will Continue.
The impression seems to be generally 60
ing abroad that there is some improvement
1 in the situation in business and financial
| circles and that the worst Of the strin-
gency is over. Opinions among the men in
Congress differ on this subject, however,
| some believing that matters are improving
| and others still holding gloomy forebodings
for the future.
Senator Sherman. when asked today
| what his opinion was on the subject, said
| that being here in Washington he had no
means Of judging except from what he
saw In the newspapers and the indications
there were that there were some slight i'm
provements. The New York papers indi-
| Gated an improvement in New York and
| If 1t were true that better feeling had set
| In there 1t would soon be true Of the whole
country.
Representative Dingley's Views.
Representative Dingley Of Maine is very
cautious In discussing the situation. He
says that the natural depression of business
and the reluctance of people to put mony
| into new enterprises is a thing to be 'ex-
pected on account of the uncertainty as to
| tariff and other legislation which the demo-
cratic party are committed to. The curing
OF this situation, he says, must be a matter
OF long time. But the financial panic is a
dinerent thing That, he says. is creation
might cure II speedily. He thinks that IL
| Immediately on the meeting of Congress
ona SanS 20 Sy 1Se
banks to issue currency up to the par value
of their bonds 1t would probably have given
| been much more effective than what has
been done toward the repeal Of the She--
man law.
Under ordinary circumstances he would
believe that the worst Of the panic is now
| over. and he thinks that the Indications
rather point to an improvement Of the sit
uation II there Is nothing happening to re-
| tard this Improvement or to throw the
country back into a bad condition again. He
Is very doubtful. however. about the re-
peal or the Sherman law by the Senate
and at all events fears that there will be a
protracted discussion there. This impress
sion and the apprehensions he has of 1egis-
latfon by this Congress which will be detri-
mental TO the business interests of the
country leads him to fear that while the
condition in affairs might ordinarily be ex-
| ton.
Sees No Improvement.
John Dewitt Warner says that he does not
see any improvement in the situation nor
any lessening Of strain, but. in his opinion,
the furry is very much less. simply because
mind where they accept the situation as
they find II, and try to get along with doing
little or no business. After the repeal of
the sherman law he says that he believes
there will be an abundance Of money, in
TACT more money to be had than there will
be demand for.
Representative o.Ferrall, who has just
returned from Virginia, where he attended
the conysntt9n which has nominated him
Tor govefnof'sof that state. says that he
thinks there is quite decided Improvement
S1tnafiOn try II
made quite apparent to him, he said, that
there was an Improvement IN the condi-
tion OF affairs in Virginia. People there
who at the first panic had made a run on
the small banks, were now re-depositing
the money they had drawn out in many
instances and there was a general indica-
ton OF restoration of confidence.
People Are Regainfns Confidence.
Mr.. Fitch Of New York said: 81 think
there is an improvement. The letters and
kilograms I receive from my district num-
| bering about $50 a day. Indicate that the
people are regaining confidence. based on
| their faith that the Sherman law will be
repealed, and 1 think things are ready to
boom up again as soon as that law is re-
pealed The statement showing an IN
crease in the deposits to the savings banks
In New York is to my mind, a very GOOD
| indication Of renewal of confidence
among the people"
Representative Walker of Massachusetts
| the change abroad in the country. but 1
think that money is going to be easier In
short time. Provided the Sherman law
| is repealed. / believe that in ninety DAYS
you can get all the money You want as
cheaply as II ever could be had" Repre-
sentative Burrows said that he did not see
any indication of change in the situa-
ton. and that ne did not see much pros
poets of II until the tariff question was set
tied. He said that he thought the doubt as
| to what would be done with the tariff was
| q very large factor in the present disturb
ness would not settle down upon a reliable
basis.
No Improvement Until Repeal.
Mr.. Rayner Of Maryland said that he saw
no Improvement and did not think there
would be until the repeal of the Sherman
law.
Mr.. Springer said that he did not see any
| material improvement beyond a check to
| the general flood disaster. The breaking
of banks had been checked but the upward
| tendency Of business was not yet apparent
| to him. When the Sherman bill was re-
pealed, however. he believed that the i'm
provement would be prompt, general and
Mr.. Catchings said that there were
| no indications from his part Of the
country Of improvement in the situ-
alton as yet. but with the repeal Of the
| Sherman law he expected very general
restoration Of confidence and Improvement
! Mr. McMilin said that ne did not see
| that the situation was very much better
| now than 1t had been for some time and
| he did not see any prospects Of great i'm
provement until the tariff legislation which
the country was expecting had been ac-