Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-06-27
WEDNESDAY. JUNE n, 1874


President Cleveland's outlying OF Mon
dsv on the subject Of the financial condi-
ton Of the country was timely. 10 MN
the people look for the adoption OF such
measures as will be not only oppor,une
but will strengthen his own hands anu
the hands OF those who are seeking 10
build up his administration In the coni-
dence OF the general public az well as
I'm the confidence of the particular Darti-
sans Of the President and of operators
in money. In word. ii Is not only I'M
portant that the finances Of the govern
rent should be In prosperous condi-
ton. but that tho people should believe
them to be in such condition. CONF
dence IL a plant OF slow growth" we are
told. and particularly where 1t has failed
I'm the last extremity TO become available
to a public standing in need of 1t.
Dropping for moment the financial
question we cannot but wonder whether
or not the assassination Of President
Carnot had aught to do with Mr.. Cleve-
lands little interview with the public
through the medium Of the press. "God
rclgns and the government ut Washington
lives" said Mr.. Garfield on a memorable
occasion-that Is. when Mr.. Lincoln was
assassinated.
Mr.. Cleveland did we'll thus TO remind
his countrymen that It was for them to
see to It that no harm should come to
the greatest Of republics in this, the hour
of sister republics direst extremity.
President Cleveland's statement Of the
condition of the Treasury ought TO quiet
the apprehensions of the good people
who fear that Mr.. Carlsle's supply OF
money Will he exhausted before the new
tariff bill shall have become a law and
shall have begun TO replenish the Trea-
sury.
Mr. Clevoand's remarks as to the
balance Of trade are interesting. 1t WAS
the contention OF the Democrats in the
days of the able Secretary of the Trca-
sury, Robert J. Walker, that there was
lao occasion for this country TO fear that
If the balance OF trade was allowed TO be
against ii. our financial condition would
be bad, the fact being, 30 Mr.. Walker
contended. that what was called the
balance of trade was what our country
had gained in the form of prolits-if not
always, at least sometimes.
Anyhow. Mr.. Cleveland assures his
countrymen that whilst last year up TO
June LIST the balance Of trade against us
was over SEA 100000, this year the balance
in our favor for the same period was
over SG2. 100000, representing a change in
our favor of more than $l26OOO,OOO. Surely
these are encouraging facts. "These con-
ditions taken In connection with the will
lingness of the banks TO help the Urea
sury." says Mr.. Cleveland. fought TO
satisfy the most conservative OF our
safety" The President iauds the banks
for their patriotic support OF the gov
eminent.
The President fuses a little bit of quiet
sarcasm into his interview with the news
paper men when he says, at must not be
forgotten that We are no longer purchas-
ing silver and issuing gold obligations
therefor" lie could not neglect the oppor-
tunity TO say II word against silver. He
still fears. as he did eight years ago. that
silver and gold may part company I'M
less We quit "fooling' with free coinage.
The President says that the administra-
ton will keep the quality of our money
equal TO the best $50 far as the limits
of executive power will permit" These
last words might well have been omitted
They do not indicats that Mr.. Cleveland
possesses that full confidence In our
financial condition which he commends in
other people.
In conclusion let us once more remind
the reader that II is our President, our
administration. our policy that we are
called upon to support with our best
efforts.