The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1893-07-06
WITH FAVOR
New York Bankers Regard the Extra
Session as Bound to Prs!
Of Vast Benent 20 the Country. and Say 1t
Is the Best Thing That CoiiI Have
Happened Gresham Says the Shor-
man Act Will he Repealed.

New YORK, July 3.-Leading bank
ers and financiers agree that the presi-
dent has acted with good judgment n
calling an early extra session of coz
gress
President Geo. d. Williams, OF the
Chemical national bank, said; "This is
the best thing that possibly could have
happened President Cleveland de.
serves to be commended for his prompt
action. consider the calling OF y ses-
sion of congress on August Z as most
wise. The effect. II strikes me, is sure
to be good. 1t will tend torestoreNtt the
confidence where it has been temporGr-
lily impaired and prove Of benefit to
business interests throughoutthe coun-
try. As to the further issue of certifi-
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
a 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 serious disaster to the
country.
Wm Solomon, managing partner OF
Speyer & Co., said;-"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 our
debts in deprecated currency"
Harvey Fisk, of Harvey Fisk s. 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 10
great in the last few days that the wei.
come news that at last radical step
has been taken in the repeal of the SD
yer act will do much to restore conf
dence and probably, unlock muoh
boarded money. The responsibility
will be placed where it belongs-m
congress--and believe that congress
will not dare disobey the mandate Of
the people"
John Clews of Henry Clews s. Co.,
said: ''Mr. Cleveland has at last de-
cided to do something. The whole
country has been appealing to him TO
call an extra session of congress and
settle this question. He finally has de-
termined to listen to the people. Place
the responsibility where it belongs
with congress"
INDIANAPOLIS, Ind, July 3.-XRlter
Q. Gresham, secretary Of, state, kat
the Bates house Saturday. He' has
been visiting his mother in Harrison
county and stopped over here to see a
few of his friends. He was asked by a
reporter: Have you seen that Presi-
dent Cleveland has called congress to
meet in extra session on August 7?"
"Yes, have just noticed that in the
morning papers, and l am very glad,
indeed, that he has done so. I believe
there was a general demand for meet
ing of congress earlier than September,
and the CALL think, will do much to-
ward allaying the doubts that exist as
to the outcome of the financial condi-
ton"
''Do you think congress will repeal
the Sherman act?"
81 certainly believe it will. will
say, too, that two weeks ago congress
would not have repealed the act. /
know whereof l speak when l say
that"