Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1893-06-09

:.
/ 1t is n conspiracy. L know of NV
own knowledge that sncl is not the
case. can positively say that in
the present condition of financial
affairs there is not a bank or bank.
er today in New York that is par.
ficnlaily anxious to exchange gold
Tor United States bonds. The time
mas passed for j, to he an object for
item to do so Gwen If it ever WAS,
which / doubD; neither have the
banks at any time been guided hy
sell interest in the matter ,lu.i,in
the PAST six mouths. A few aga
clous bank officials and other px-
prrlcncrd liuauci'u men have st;r-
I ec"fea ut various times Il bout Is.
sue and have expressed IL wiling
! ness 10 lake bonds Ill exchange Tor
/ gold. rs they IurcSnw what would
happen il such 81 policy were not
adopted, but now what was pXnect.
ed has really happened, uS the pres
cnt lamentahlr state of affairs rs
evidence oi. it only goes to show
the sincerity which backed their
proposal, it only having Tor it's in.
ccn;ivr n lau,lable de,irc to avert
the storm.
fr WOULD HAVE PREVENTED a CRASH
"5ai bond issue been made
sixty days ago, when the banks
were willing 10 part with their gold
in exchange Tor honds on a 3 uer
"a Ia, ~
GOO, the financial crash which has
since occurred aud is BOW spread
lag I'LL over the uatiOU would not
have had an existence. 1t is trilr
tile bank" were extremely anxious
To do all IN their power TO prevent
such IL Sorli state 81 thugs as ROW
exist, as they were naturally inter.
eSted IN preventing the failure Of
their correspondents, which lie
probation i'll securities and with.
drawal Of credit necessarily causes.
"hey therefore favored the best
aud only rcmcdv Ia r.ret the threat.
cnrd widespread financial disturb
ance. nor unlike the usual practice
on ilie part OF business r;en to set
tie IA case before reaching the courts
as against thr usual lawyers i,,dm
nrnt 10 effect IL settlement through
the courts after u elimination and
recrlmination fight.
TRIED TO MAKE AN AMIcADLr SETTLE
MENr.
Banking and business nIcn of
New York tried To settle the linan
clal troubles Of the country before
they reached the present crisis
Their suggestions. however. were.
not accepted, while the lawyers
method WAS, so that the business
affairs ut the country have now got
To 20 through Il legal process Wall
street spectators hnv" r"vrr want
ed an Issue Of bonds To provide for
the recent disturb, Il condition OF
the finances OF the country. because
had one been rindc II would have
entirely upset their interest i'm the
stock narket Wall street oncr;..
tors thrive most during periods of
d'StruSt. when fluctuations are widr
and frequent. which do not occur
when full confidence exists. Goa
Srrvativc banking institutions and
merchants. however. are always tiri
parties Interested in preserving the
reverse state OF things. and thry
have heen the principal advocates
OF the h1nd issue from the first
The class cannot lie called "A lot Of
wall street spectators. which il,
the term used in Washington in
political circles as applicable to
everybody in New York city.
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grave
AN AMBITIOUS BOY.
Little Boy-"Papa, may 1 study