Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1893-05-11
RE1uRnlr1 CONFIDENCE.

REIu1Nir1 CONFIDENCE.
Pablc Faith Has Withstood Co~ardly
Republican Attacks.
IL is a credit to the people Of this
country that all the petty attempts to
, create a financial furry and precipitate
/ a disastrous crisis have been unavai1-
| ing Never before has the spirit of
party malignity more recklessly assert
ed itself The relations of the president
and the cabinet have been misrepresent-
ed and an open rupture between them
made to appear as imminent Repub-
lican organs have exerted their influence
to create want of confidence and to
arouse the financial interests of the
| west against those of the east. There
| has been well-defned purpose to in
| jure the administration in the eyes of
| the country, no matter what disastrous
consequences might ensue. But public
| faith has withstood the cowardly as
sault because firm in the belief that
those who have been placed at the head
of affairs will do that which is wisest
and best for the good of the govern
ment and the people.
AC ACSChO AAlCCGAAS VI tAC SCIiCtdty
of the treasury and the bankers of New
York removed any disturbing doubts
that may have been created in the
minds of the business men and the
financiers of the country. It threw
light upon phases of the question that
were before obscure, and corrected mis-
understandings that had arisen. It
brought out clearly the fact, which
some have affected to doubt, that the
secretary and the bankers have the
same object in view, and are entirely
agreed as to the necessity of repeating
the silver act of 1890 as the only com
plete remedy for existing evils. There
were some differences of view as to the
details of the action probably required
in the interval before this repeal can
be achieved; but they are anxious to CO.
operate with each other in the most
cordial manner.
These facts are of the utmost impor-
tance, because it is plain that no finan-
cial policy can be successful which, on
the one hand, has not the approval of
the secretary, and on the other does not
meet the requirements of the large
commercial and financial interests rep
resented by the bankers. Secretary
Carlisle has shown a clearer conception
of the situation and it's demands than
some even of his friends were willing
to concede to him. He has also recog-
nized the responsibility of the bankers
as trustees for the greater part of the
business of the whole country, matter
which in itself is of primary impor-
lance. With amicable cooperation Sc
cured, and with the known broad and
well-considered views of President
Cleveland. the country can look for
ward to the difficulties which must be
met with confident assurance that they
will be overcome without serious conse-
quences to the business interests of the
country.-D Detroit Free Press.
THE PRESIDENTS POLICY.
for Doubt or Uncertainty.
The following neutrality-suspicious.
by President Cleveland clears the
financial atmosphere. It follows up
specifically the pledge of the inaugural
address It meets boldly a situation
which has thrown into uncertainty
many positive men. The president
says:
1.-THE inclination on the part of the
public to accept newspaper reports con-
corning the intentions of those charged
with the management of our national
finances seems to justify my emphatic
of the statement that the
redemption of any kind of treasury
notes, except in gold, has at any time
been determined upon or contemplated
by the secretary of the treasury or any
other member of the present admins
tration. The president and his cabinet
are absolutely harmonious in the deter
mination to exercise every power con-
ferred upon them to maintain the pub
lie credit, to keep the public faith and
to preserve the parity between gold and
silver and between all financial obliga-
tions of the government.
''While the law of 1890 forcing the
purchase of a fixed amount of silver
every month provides that the secretary
of the treasury, in his discretion, may
redeem in either gold or silver the |
treasury notes given in payment of sill
yer purchases, yet the declaration of
the policy of the government to main
tain the parity between the two met
ais. seems SO clearly to regulate this |
discretion as to dictate their redemp- |
ton in gold.
''Of course, perplexity and difficulties
have grown out of an unfortunate
financial policy which we found in !
vogue. and embarrassments have arisen |
from ill-advised financial legislation, |
confronting us at every turn, but, with |
cheerful confidence among the people |
and patriotic disposition to cooperate, I
threatened dangers will be averted, |
pending Legislative return to a better
and sounder financial plan. The strong |
credit of the country. still unimpaired, |
snd the good sense of our people, which /
has never failed in time of need, are at I
sand to save us from disaster-"-Al I
aany Argus.+ I
COMMENTS OF THE PRESS.
The republican newspaper CORE |
'pondents must get together on their /
stories before they can hope to pull the |
cabinet apart.-N " World.
Senator Culloin, of Illinois, Is |