The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-09-30
DAILY, SO A YEAR.
CENTS A COPY.
WEEKLY 2-TIMES-A-WEEKs 81 A YEAR
TRENHOLM ON A THIRD TERM.
CLEVELAND 4 NECESSITY If con-
GRESS DON'T ACT.

The Ex-ControIIer of the Currency
Says the People of the Country,
without Regnrd 20 Party, VIII In
sist on Nomination. II Congress
Fails 10 Amend the Financial sys-
tenn of the Country-Not a POIitI-
cal Question.
Washington, Sept 29-''If the coming
congress neglects to pass some practical
legislation for the relief Of the finances
Of the government, the people Of the coun-
try. without regard to party, viii insist
upon the denomination OF Mr.. Cleveland.
and they Will see to it that he is re-
elected"
This somewhat startling declaration was
made here yesterday by William L. Tren-
holm, formerly controller of the currency
during Mr.. Cleveland's first administers
tion, but who is now president OF the
American Surety Company OF New York.
Mr.. Trenholm is here to look after the in
terests Of the company he represents. and
the foregoing remark was brought out
while he was discussing the political and
financial situation, from a New York
standpoint. He Is regarded as exception
ally sound on the money question, and it
was because Of the ability he displayed as
controller OF the currency that he was in
vited to accept the presidency of the surety
company. His reports to congress- as
controller. are frequently quoted in the
discussions of financial questions, and It
was he who recommended in his annual
report of 1887 that some provision be made
for the retirement of the greenbacks,
while there was a great surplus of reve-
nue. in the treasury. which, in his judg-
ment. would have prevented the present
drain upon the gold reserve
When asked yesterday what the flnan-
eiers OF the country expect from congress
IN the way Of legislation on the financial
ton, Mr.. Trenholm replied that the prac-
teal people OF the country certainly have
right TO expect that their regularly au-
lhorlzed representatives will see the wis
dom OF framing such legislation as will
relieve the treasury from its present en-
barrassment, without considering the po-
ntical side Of the question. THAT has
been the great trouble said Mr.. Tren-
holm, in dealing with the question Of ma
tional finances II has been treated as a
political issue instead of being consid-
cred as a practical business proposition.
II IS not subject that may be treated
successfully by inexperienced persons,
but II requires earnest and conscientious
consideration at the hands Of a convoca-
ton OF experts"
THE business men OF the country"
continued Mr.. Trenholm, without regard
20 political affiliations, are looking anx-
iously to the coming Of congress, with the
hope and expectation that some remedy
Will be suggested and adopted that Will
at once appeal to the plain people as be-
ing thoroughly practical and beneficial to
the Whole country. II Is no time to pom
der to the free silver sentiment prevailing
IN certain localities, and advocated by
men, who, while honest In their convic-
tions, have not had the practical experi-
ence. to ft them to deal with this great
problem
If congress should refuse to give us
the relief that Is necessary, then l honest-
ly believe the people Will turn to Mr.
Cleveland and demand OF him that he
remain at the head of the government
until some measure can be formulated
that VIII improve the present financial
system. Such a demand will, in my 5udg-
ment, be made in spite of all the prece-
dents against a third term and In the
face OF all the opposition that can be
mustered from every quarter. 1t is not
question of party success, of party fall
ure, but ii Is question whether the
business interests of the entire country
shall be preserved and the credit of the
government maintained"
1t Is we'll known that Mr.. Trenholm is
Cleveland democrat. He was originally
from South Carolina, and during the
first Cleveland administration he was
appointed civil service commissioner He
was shortly afterward promoted to be
controller of the currency, and as such
he soon won his way 10 prominence in
the financial world.