The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-06-16
I" Nervous Debility,
Hoods SarSapariIIa

prepared from the bost ingredients. 25c.
dent and Cabinet can best determine and I
am not prorhred to aywhether or not 1t would
be wise to call Congress together IT a Wide hi-
yergence OF opinion exists MS 10 proper lcgisla.
ton. do not thin 1t would honeilt the coun-
sion Of tho matter at the present time. II, on
tho contrary, members Of Congress will vote
Tor the repeal OF the silver Purchase act. the
sooner action is tax EN- tho bctter."
~ Mr. A. d; i!cnburn1. President of tho Third
Ninety-two per cent. OF all the business
transactiohs OF the country are represented by
credit. simply bookkeeping: only eight per
4 volume Of currency amply sunlclont Tor
business needs In Il mos Of confidence is
Wholly inStacGnat" during period Of aistrGst;
Is mainly Responsible for tho present disturbed
MONETARY condition; fear OF as!rer basis de-
money and paralyZes trade. The Presidnnt
has publicly proclaimed this: hence it is his
earliest p"ssbiS date, and to cS"Teise ali The
power Of his great office to accomplish the re-
p fsn Of tN's lazy; i" Is clearly right in his
every way. lle clearly saw a contingency
which mi.ht render necessary tn" assembling
OF CONGRESS, earlier than September The
contingency has arisen: the President should
Mr.. Frederick D. Tarpcn. President of tho
Gnl!a,in National Bank, said:
',lt,is rather hot weather for Congress to DO
called to assemble in Washington; When
s9rancc COMPANIES. You get out tho host en-
gncs AMI attempt to put cat tho fire. Con-
two mon Gi " EH'H w ThS d! ls
had to act promptly. and think. after its action
t"IIay: We ran, set along until Congress meets
~ Mr.. Brnyton, Ivos, President Of the Western
delay IN calling an extra session OF Congress
ncetiesSir rr"h!ngs the present uncertainty
and aceravatcs the .fpnnciaI distress. ANY
al N NM fN.al, ,lrNl N.,uy Nnr
OF 81 any or all other large cities to restore
coni!enc., will produce but small and tempo
lures of our rr.scnt financial system remain
radical and a beneficial change rests
CongrgGss is President Cleveland. Therefore,
views in a candid and unimpassioncd manner.
naturally wish {" avoid increasing tho alarm
Very ] roe E to i Sa"rc t ii" inc cxst It
enco OF alarm and to Try, to dsrcl it by under
rtinE the Fray'y # The s, TIA There n is
the management If business affairs generally
which is inherently unsound, The only trouble
prove the currency You remove tho
Iistrust and restore prosperity. Furthermore.
session Il Congress hcrauso think that now
the time is rive for such action. believe that
man silver purchase bill would be repealed at
once and that within two or three weeks some
measure or measures would b" pH; q, which
condition. In answer to your second question
l can only say that it seems entirely reasonable
the mind OF President Cleveland when he used
the language you have quoted, II IS certainly no
small matt" for the Associated bpnhs Of New
tfcatsS. This means has been resorteG to
but i"w tines hitherto, and then only under
ter MT to be done Lightly, and it is justified
only by the great necessities when they are
House Association to take steps ior tho ie;ire-
ment OF the certificates at as early day as
possible and. therefore,. 1t seems to ms.proper
that Iank officers should exert such influence
as they can command to induce favorable leg
islation by Congress at as carly u date AS pos
MIR William W. Sherman. President Of the
National Bank o. tommercsi; answered the
,Sn, 6 Hs rd meant to he
understood that he would call an extra SEES
sion Of Congress Just as so,n as The peces n;i
80 because the knowledge that Congress was
coming together would be and ought TO be re-
Of III the % hat It Z:
certainly for the hest interests OF the country
that the Congress should he convened at the
earliest possible moment. And | say that
with tho hore that when it did come together
would be GTastiea,iy Unit In ~, ,s w,rS and
sary TO stop the further purchase OF silver,
repeal the sherman silver purchasing act and
stOp the purchase OF SILVER en'lreiy anu so II
would restore confidence in the business
world"
Mr.. Ehenczer k.Wright. President Of the Park
National Bank. said nj first: Il hardly think
there is any warrant for such move calling
nm extra session at present; nut he puaii-
ned 1t Immediately by adding: II IN" calling
ol an extra session immedia'ciy would result
In the Immediate repeal II RI" sherman silver
purchasing law. by ali means do il at once
Rrp.ai that law and a great deal OF tn" cause
OF tho present difficulty would no removed
right of. ] think that President tleyelRnd is
that now beset us. and that he fully apprecl-
Ates the situation and vii! h't accordingly Tor
the best interests OF the countrS.
M John NJ Crane, President ~ the National
Shoe and Leather Bank. ~dld: II docs seem 10
me tNat lus lice requires il - J." stated that tho
President has given all tho ASSURANCES that he
oUghl To give ~ that he can EiNe, II" has said
w recognize The il>turrC't condition Of ar
fairs. We recognize, too, that legislation Is
necessary to change this condition Of AFFAIRS.
Congress. may he N ScItemhcr., or, i abso:
lute'y necessary, may hc before that time l
think that the ;'ct IN tho Clearing House is TAX
ing /, a preventive ut any serious financial
crisis and that IL must 81 necessity have II re-
assuring c.rryt extending all over the country.
sion ~ Congress more or less definitely will OF
Itself have n rra~~ur'uE effect
Then yuu DO not think TINT il Is necessary to
have an extra session Of Congress before Sep
temhcr?" asked the reporter. IS Is the inn
mediate ,repcqi II the sherman silver purchas-
n II /, i certain that Congress would repeal
that bll" was tho reply, the sooner tho extra
session is called the hotter for everybody"
Mr. George q. Williams. President OF the
Chemical Bank, said: 1t would be well to