The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-29
BRITISH COMMENT.
How London Newspapers View the
Presidents Message.

Presidents Message.
LONDON; Jan. Recommending editori-
ally on the message sent to Congress yes
terday by President Cleveland, the Stand
ard says: 1T is state paper of very high
quality. To us it is amazing that language
of such plainness should be necessary, To
offer to pay national obligations in silver
is to cheat the creditor of more than half
his due No self-respecting, honorable peo-
pie could contemplate the preparation of
such fraud with anything but horror and
disgust. We do not believe that the Amer
lean people ever really meant it. The pro-
posal to utilize the new bonds as the basis
of note circulation would require to be
strictly guarded to preserve it from abuse.
We hope President Cleveland's appeal will
be listened to. We want the loan in some
respects as badly the Americans them
selves. because economic brotherhood
causes to suffer almost equally with
themselves. Let Congress take stock that
our money market is gorged with capital
eager for employment and then look to
the resources of their country still unde-
veloped. The adoption of Mr.. Cleveland's
proposals would result in rebound of
business both sides of the Atlantic such
has not occurred in fifteen years.
The Daily News believes that President
Cleveland's protest will be ignored and that
more bonds will be issued on the ruinous
it says lis not an unmitigated evil. 1t is
exported in payment of value received,
and, in some. instances, to enable better in
vestments than Is possible in America.
In either case the country benefits. The
and it's refusal to allow the movement of
the precious metals to take it's natural
course in order to give artificial stimulus
to the demand for silver
The Chronicle fears that the Presidents
spirited appeal will fall on deaf ears,
pecially if the belief prevails in Congress
hat fh< i, inn tI1fac
side of the fence.
The Times says: The message is very
nett The life of the s' present CONGRESS e is
too brief for the hope of the adoption OF
President Cleveland's suggestions even if the
majority should favor them. 1t is improb-
able that the next Congress will adopt
Mr.. Clevelands lead and in any it
may be doubted whether an attempt be-
gun IN March to cope with the drain of
gold would not be too late to avert the
serious consequences anticipated, hence Mr..
terest, but if Congress had the courage
to carry 1t out there would be chance
of putting the finances on sound basis.
The outlook is not pleasant for Americans
or those having dealings with them. The
Americans are, perhaps. too ready to rely
during the civil war, of bearing heavy taxa
ton, but they cannot> escape their present
enue. Even the silver fanatics cannot sup
pose 1t possible that gold could be entirely
banished without the most serious effects
upon the national credit and international
trade"
The Westminster Gazette commenting on
United States finances says: THAT
European holders should sell the worthless
gambling counters they possess in the shape
of American railroad shares is not sur
prising; but the sale of bonds appears to us
to be ill advised. Although the United
States is in tight corner, we do not
think there is the slightest danger that the
currency will fall to the silver level The
government unquestionably will use its i'm
mense credit without restraint to keep the
country's finances on a god basis