The Durham daily globe. (Durham, N.C.) 1889-1894, 1893-09-12
WILL BE BRIGHTER
Colonel J. S. Carr Says That Things
Are Coming.
He Thinks the Democratic Platform Is
the Stuf.
CONGRESS MOVES ON VERY SLOWLY
But the Colonel Thinks That 1t Will Get
There Just the Same If All
Is Let Alone.

Good morning" said a GLOBE man to
Colonel Carr. 81 have called to ask you
to give your views, if you please, for the
many readers of THE GLOBE and the
public generally, on the financial situa-
tion and the outlook"
Colonel Carr said with a great deal
Of pleasure, Mr.. GLOBE, but with the
distinct understanding that | profess to
know but little of the situation, and what
! say is given only for what it is worth.
First, | desire tn state that | am a plat
form Democrat by which | mean to say
that / am uncompromisingly in favor of
redeeming our platform pledges, repeal.
ing the Sherman law, remOnetiZing silver,
reforming the tariff and recognizing our
responsibility as the party in power, so
that we will measure up to the demands
and requirements Of the position with
true craftsmanship and ability, and meet
and provide wisely for the exigencies as
they arise, and as a party maintain our
party consistency with answering in
tegrity."
Then, Colonel, you say you are a
bimetallist ?"
eyes, sir, very decidedly. Bimetalli8m
is the one plank common to all national
platforms, and to oppose bimetallism it
strikes me that one must be a great re-
pudiator, and would find himself kicking
against all parties. I am outspoken in
my opinion that Our crying need is more
money, a larger per capita"
"Well, Colonel, what's the remedy"
asked the reporter.
"Ah, now" said Colonel Carr, "you
have overmatched me. This financial
question befogs greater minds than |
ever hope to be, and you must under
stand that in these days of much talk and
many plans, | am one that is frank
enough to say to you that | don't know,
nor have | any plan that will save the
country. |, 1 however, do not believe that
the repeal of the Sherman law is going to
cure all Of our ills, but beyond question
the repeal will do much good. The fact
is the democratic platform ~denounces the
Sherman law as a miserable 'makeshift,'
and demands its repeal. If for no other
reason, | am in favor of repeal because
the platform of my party demands it.
Understand, please, | am a loyal friend
t. silver, for silver is the money Of the
people, one of whom | am. At the same
time | favor a dollar that is good for a
hundred cents from Maine to Oregon and
from the Gulf of Mexico to Manitoba"
"What are the prospects ," we asked.
"Brightening," said Colonel Carr, "but
l do not anticipate that we will Jump
into good times as rapidly as we fell into
hard times. On the contrary | shall not
be surprised if the recovery to first class
business is slow. | think, however, |
am quite safe in asserting that the turn
has come, and that we may now expect
matters to steadily improve. 1t goes
without saying that after such extremities
we are going to have some r~elapses, and
all the factors in our make up are not 60
ing to be favorable, but as a whole the
situation is going to improve until within
the near future it will be hard to persuade
ourselves that We really suffered such
stringent times as We did
"Then, colonel, you are of the opinion
that the worst is over
Every decidedly, yes, sir. Confidence.
as you well know, is a matter of slow
growth and confidence was a biz element
involved, but there are signs of return
ing confidence, besides fortunately for
the country, we are just on the eve of
marketing a big cotton crop which will
do more than almost anything else to
wipe on al traces of the panic and let
me tell you, more than once before in
the past ten years, the much abused and
misrepresented south has furnished the
crop that has saved the country from a
panic, and it now remains for our dear
southland to wire from the ledger bal
ances all over the country, the last traces
Of the manic II Is all very wall 10 .brea