Rock Island Argus., 1894-11-24
DOCTOR CARNEGIE.
Makes Some Oiagnostic and
Prognostic Remarks.
THE PATIENTfEING OUR UNCLE SAM

Not . Good Time to Apply Heroic Treat
ment, the Iron BARON Thinks-Which,
Being Interpreted, Means That ..Let
Alone" Is Good Policy Regarding the
Finances and should Have Been Adopted
as to the Tariff.
PITTsEURG, Nov. 24-Andrew Carnegie,
the steel king, who has been in the city for
ten days inspecting his great plants, return
ed to New York last.night Before leaving
he talked at considerable length on the
| business outlook. In the course of the in
tervicw he said: 'This is not, in my
opinion, the time when any valuable fore
cast can be made. 1t is reported that we
! are to have sensational presidential mes
sage, looking to n 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
business must suffer. You know that II
you wish to rebuild your house and live in
it, no matter how much you are going to
improve it land all changes are not i'm
provements, by any means), you cannot
enjoy undisturbcd rcpose; neither can
nation.
Carnegie's Hopes Were Blasted.
This is one objection to tinkering Mt
shcrt intervals with any policy, tariff or
currency. 1t is bad enough with the tar
if, but 1t is highly dangerous when the
money and currency of a nation are tam
percd with. These are the blood of the
whole system-industrial, agricultural,
commercial, financial. The richest man
down to the bootblack on the corner is
vitality affected by change in money 1
| did my best to impress upon the powers
that be, after the July panic of 1893, that
the nation as a patient was not in posi-
ton to undergo a surgical operation, and
1 lad hopes that President Cleveland's s
usual good sense would lead him to post
pofss his tariff changes until the general
health of the patient was good at least
This advice was not followed.
Does Not Look for Speedy Recovery.
| .The patient had great shock-the
0upatest shock that the United States has
ovcr had, the civil war excepted-and it 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. l do not believe
any decided improvement can be made in
the system; it has worked splendidly and
one feature which is to agitators an OBJ
lection is really one of its decided ad-
vantages--it tends to keep wild specula-
/ tion within bonds, as it 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.
Wait Until the Turn of the Year.
| President Cleveland has been as sound
upon money as President Harrison was,
and can scarcely believe that he medi-
tates message that must temporarily de-
range the business of the country, and
this any new policy must do General
Grants words are today full of wisdom
Let us have peace The action of con-
gress is also an important factor If the
country is to be excited by threatened
changes il 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
but 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