The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-03-14

In order to allay the multitude OF
senseless rumors invented by the stock.
| jobbers in and around Wall street,
| Secretary Carlisle has authorized the
announcement that he would exercise all
the power and discretion vested in his
office to uphold the credit of the govern
ment, and to maintain the parity of gold
| and silver.
This announcement following the
| declaration of President Cleveland that
he proposes to do all in his power to re-
deem the pledges of the Chicago platform,
will be sufficient to set the public mind
at rest. We may say, therefore, that the
STOCKHOLDERS and money lenders of Wall
street have been defeated in their first
round with the democratic administration.
That they will give up the fight, we do
not believe, but that the peoples adj
ministratiOn will defeat their efforts there
cannot be the slightest doubt. Secretary
Carlisle represents, i'll Il peculiar sense,
the wishes and purposes of the people,
and, in the conflict between the people
and the money power, his attitude will
not be a doubtful one lie is a democrat,
pure anu Sillplc. ne Is HOHtSt anu COiId-
geous He has no affiliations with stock
jobbers and spectators, and, before he
has been in Office q month, the outsiders
who have been practically controlling
the treasury department in the interest
Of their private Speculations will find
themselves cut adrift, and their occupa-
tons gone.
1t is d bigger thing than the biggest
gold reserve, to have an incorruptible and
a fearless man at the head of the treasury
department in this conjunction when the
enemies of the people are engaged in
marshaling their forces for IL furious on
slaught on tWo-thrds of the debt-paying
money of the country.
The example Of Denver, in Offering
gold to the treasury in return for treasury
notes, has been followed by the bankers
of Chicago, who have offered $5,O0O,OOO
in gold to MI Carlisle This will Stimu-
late other bankers to come forward with
offers, SO that we may say the financial
situation has cleared UP the moment Mr..
Carlisle assumed control.
There are numbers of patriotic bankers
in the country, and this element perceiYcs
that it has nothing whatever to gain by
falling in with the Wall street scheme to
force an issue of bonds. The Wall street
clique wanted to get interest on its gold,
but the patriotic bankers in other cities
are perfectly willing to exchange their
idle gold for Misunderstanding treasury
notes.
We do not mean to say that all the
Wall street banks are engaged in the
scheme to force an issue Of bonds There
are numbers of honest bankers in that
center who would scoln to engage in so
diSreputable Il conspiracy. In this mat
ter, Wall street has been divided against
itself, but the honest and patriotic ele-
mcnt has never had fair hearing in the
newspapers.
1t may be fairly said that the emergency
has passed over, and the bond cOnSpira-
tors have been Knocked out They may
renew the contcSt-they may continue
To ship gold 1brOad-but they will reach
the limits of their resources after awhile.
Meantime, the whole country has conf
dence in the ability of the Cleveland adj
ministration to cope with them.
Mr.. Harrison thought Hawaii was quite
a plum. The democrats seem to regard her
rs a chestnut.