Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-09-18
IMPEDING TRADE

Henry Clews' letter Tor the current
week points out thu increasing improve
msnt in The financial world. but calls
particular attention to tAe harm that is
being done by ths inexcusable delay 81
the senate 10 passing the repeal bill
Mr. Clews says:
During the ps1-t week. there has been
continuation ~ ths improvement in Wall
street interests. and a marked recovery ia
fhe tona and amount of business az large Ia
al parts ~ M eountry. The restoration OF
Ne tanks a. sDiaethln9 approaching nor
nal condit'0a has contributed much tow
sris tbs Improvement: iuasfnuch a. Il has
Removed rha Inonsy blockade. restored con
E.iercs ia rre,ifs. renewed discounting and
PREPARED thn say ~ a general return 81 eaes
ana Ioe rafes ia money. The astion "a The
horse of rerresenisiis go on silver his made
a st,il uior~ important coutritusioa to~ards
e.. re.8efry ~ cssufdence; for BE- has given
str,.n1 s.-srsnc. ~ tie remedy Of the evil
fr8n ahisb al tae srsngemenis--moue-
ttrt. 6naucai and conneroial--hays pri-
tnesilg ari@a.
.-Cnfartanateiy. the recovery = ot.strncted
~ M nes.ils - delay q The sunase Ia con
trsnInr ibs srtisn of the house GA silver ~
peal Fer lhs ofdinary purpu=s@ 81 trade
rls -iroa1 ASSURANCE coming from the
hfu-e ani tbo probability q the scnats ulfi
ioa'e,g giving . iike uia.ofit5 nssy - nc-
c..rscd ~ a s13leient z1srantes 81 mosler.
ste A.isinea<s fsr trasle nbl CATIONS do not
t,llsiig esiena over 3 periasl longer than
frs eseas - aionfhs BIT with The larger
orcranens 81 capissl IL ia dlferent 40.
"ssu nlliays ffr Asrse projects have 80 -
provided ieT. thoee el.o arr 20 advances the
eafiisi nsed ~ - a.snrel sbat notising vii
iHtefler- 90 preseAs the de- payment -
t3e.f t.ans ard ehea aeaft eS So a. 70 tEs
flnt II ,nonry - which iiquisiation may 81
ultimately ntada. Ne cspiiais refases 70
isnd anfIl that radleal aosfht = removed. II
thns cop1es 81 pars thai ~ tectha Il delay
- rr@,bsteiy rerss~fed m ~ the senaia are
isft't4d oron ~ larger operations of
baance ard droa ne~ undertakings ~ In.
dusfr1 rs coiuplete paralysis - has existed
81 ary uue siacs the depre-~ion 49, "a
Eauslly - = so'diaa In ressraiat tas dlsfsN
sflse - ioreiga capital ~ sseh enpiuynent
- Ms coantrf. previding oar money Il
sxeunt j. nafa SATISFACTORY.
.'tnotl.er ser'sr1s eFeet "a he Obstructive
sltifslie II tie ninefify q he @nase = that
\ - 1ottinz il ssspen@s other measures IN
atioa tha eeeairY = urr.nts Interested.
1hs act,on ~ ecnxte~s % To- lsrxe prostes.-
ese feeeeucy ~ spveusle. apon tis iu,f-u.i.
M .zrf aeslatiea. sod apen neaelrss
ner,vea-y ~ rroside better elasticity ia
ear crrrncy @Fs,tea. = Delayed ~ m tctri.
nsert - fossness Interests universally.
Waiie ihe ~snntry snsists ul,on being dnalig
exeiruiei fsssua re dangers cannrctesi VIII
q sseprefiete.i s.ivss enrrescy Yet - does act
svefiars ne is< t1sf. uhea skat @onros ~
ssrreEry surpir = ees - Il = necessry
tass -sfre etber nieass e .1rssinlnr ne sei-
aaoe 90 sa-s cIrc.si4rtg fursitasa nuef -
sapp - tsr. In stsw ~ err isse exrDeriencr
81 81 eifer,s - eirrsaes fa1sinf ths pen-
- 49, aot 9ili ~ .hat enh prleelsc'n snail
- postponed eay ioaerr thsn . rraiiF nea-
ss-arr. u tfsi wiin 80 esrsssre. h.,~trsr.
beftre Sc silter rfssths. = ilepueesi q
rseid - arf 81 fst n ~ Asa.ss - ths 81.
- rl1erifs fae eirsne 81 sfe<rins ieel~iA-
h.ri a. silver rssfcss-ss ana ~ thrss.ae 30
stcie eizrrsnzg 4neetls.a infe ptnf,.isn.
"ftst eaat toa1fe-s tsF chocee a. a. IN
&c sircaa-ts8e.s tcss aot 80 etpeaf. "a