The times. [volume] (Richmond, Va.) 1890-1903, 1895-10-18

1t is gratifying TO note the comments
Of foreign journals on the speech which
Secretary Carlisle made last Saturday
night, in Boston upon the financial con-
diton of this country. He declared in
the most outspoken manner. that Mr..
Cleveland would preserve the GOLD re-
serge during the remainder of his adj
midlstration AT whatever cost, and thus
maintain the parity of every dollar put
out by the Government with the best
dollar. He also argued with great force
10 chow that the Government should
be Wholly separated from the country's
fnSnces. and that it's notes.-the green
taken In and cancelled.
I've English newspapers have COM
mented upon this speech in terms that
show 1t TO be very gratifying to them.
Tht Popuists who believe that
Lombard and Threadneedle streets
ere populated by ogres and YAM
pges only will be highly excited on
hearing this. and they will strongly in
cone to the opinion that Mr.. Carlisle
Should be crucified. or at least shot, for
daring TO recommend any policy to this
Government tina, affords satisfaction TO
toese bloodsuckeTs. But calm think
iAg people know that England and
other parts of Europe hold an
immense quantity of American Sc
curitics. estimated at more than
two thousand million OF dollars,
ard that IL is OF the last Importance 20
us to keep these people satisfied in re-
leads that we are going to pay interest on
and principal Of these securities in dol
lars which are not as valuable TO them
as gold dollars, they will become in
fected by 4 panic. they Will send those
securities here for sale In such large
blocks that they will carry away from
US all the gold We have the Govern
ment will be unable 10 pay its notes in
gold when gold is demanded. and we
shall have a panic here which will play
the wild with the country. like those of
1873 and 1898 did. Sensible men know.
therefore. that II is a matter Of very
great Importance TO us 10 keep public
opinion III Europe satisfied respecting our
intention TO keep all our dollars as good
as gold dollars. and they know, there
fore. that Secretary Carlisle did his
country great service when he made
4 speech that increased the confidence
OF foreigners upon this point.
This country can never have the pros
pcrity and cotentment that is its due
until II resolves TO return 10 the lines
Of the Constitution by cancelng every
note that the Government has out. by
rcpealing all acts that restrain the state
banks from issuing their notes. and by
confning Itself, so far rs finance is con-
cerned, 10 coming the precious metals
and stamping upon each coin the quaint
~ OF pure metal IT contains. When
II does this. we shall again be within
the lines Of The Constitution. under
which We lived so happily and so pros
psrously from 1879 to 1861 We shall
never have that prosperity which is the
country's due until We 90 this. But we
can remove dark shadow that always
hangc over the country by providing for
the cancellation of the notes that the
Government has out. While they hang
over the Treasury. they keep the eyes
OF all financiers watching the gold re-
serve. and men needing money In their
affairs are able 10 gct IL at bank ac-
cord.ngly az the grecnbacks are or are
not dragging GOLD out OF The Treasury.
All the business of the country is there
fore, kept secsawing up and down. to its
most terrible disadvantage. accordingly
as the gold reserve ia high or low OBJ
vious. therefore. as II Is that these notes
should be taken In and cancelled. 1t is
most doubtful whether the approaching
Congress will consent to destroy ore OF
them. General Logsn's picturesque de-