St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-11-24
NOT CARNEGIE'S idea.
A Reform Of the Currency
Wouldn't Suit the Steel
King.
HE CRITICISES GROVER
Eefore Retiring to His Castle
in the Scottish High
lands. q
E CRITICISES GROVER
ON TIME FOR IMPROVEMENT,
According to His Opinion--It
Would Disturb Capt.
taliStS.

PITTSBURG. Nov. 23.-Andrew Carne-
gle, the steel king, who has been in thu
city for ten days inspecting his great
plants, returned to New York tonight.
Before leaving he talked at considera.
bic length on the business outlook. In
the course of the interview he said:
"This is not. in my opinion. the time
when any valuable forecast can be
made. 1t is reported we are to have
sensational presidential message, look
ing to change in our currency system.
No matter whether the scheme would
be better than that which we have, still
/ the waters would be troubled and busi-
ness suffer. You know that if you wish
to rebuild your house and live in it. no
matter how much you are going to im-
prove it (and all changes are not i'm
provements byiany menslyou cannot en-
joy ,undisturbed repose, neither can
nation.
This Is one objection to tinkering at
short intervals with any policy, tariff or
currency. 1t is bad enough with the
tariff, but it is highly dangerous when
the money aud currency of nation are
tampered with. These are the blood OF
the whole system-lndustriai. agricult-
ural, commercial, financial. The rich
est man down to the bootback on the
corner is vitally affected by change ia
money. | did my best to impress upon
the powers that be, after the July panic
! of 1888, that the nation as patient was
not in position to undergo a surgical
operation, and l had hopes that Pres-
dent Clsveland's usual good sense would
lead him to postpone the tariff changes
until the general health Of the patient
was good at least. This advice was not
followed.
'"The patient had a great shock, the
greatest shock that the United States
has ever had. the civil war excepted;
and 1T is. in my opinion. mistaken to
look for speedy recovery. No matter
what improvements can be made in our
financial system, this is
No Time for Change,
~ do not believe any decided i'm
provement can be made in the system;
it is working splendidly, and one feat
ure, which is to agitat rs an objection,
10 lColAs VuC VI ltS UOClucu dUVdIldScS.
1t tends to keep wild speculation with
in bounds, as 1t does not expand to suit
speculative balloOnish gentlemen who
cannot get money for the asking. only
because they have nothing upon which
prudent bankers wish to take the risk
of lending.
president Cleveland has been as
sound upon money as President Harri-
son was. and l can scarcely believe that
ne meditates message that must tenn
pOrarily derange the business of the
country, and this any new policy must
do. Gen. Grants words are today full
of wisdom: Let US have peace
''The action Of congress is also an i'm
portant factor. If the country is to be
excited by threatened changes in the
tariff, no matter if these changes would
be ultimately beneficial, which, of
course. do not believe they would be,
still they would disturb the confidence,
not only of the people at home, bat of
the capitalists abroad. both of which
are essential elements, to the return of
prosperity; therefore. you see, gentle
men, we must wait until the turn of the
year before any reasonable opinion can
be formed"