The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1895-12-30
REVERSE TIE POLICY.

From The New York Financial News.
IL anvtnir.. should call attention 10 inc
errors or our fiscal policy The past t"eH llys
nye years IL should be the ueNe4opi'i 40
a. .he past three or four days.
ryventv-iive years ago il would nave beeh
utterly 5rlnossf9e for thc English caplta1-
lists 10 have created such panic and coi.i-
motion I'm cur market. Had our iscA pom
,,- been Of healthy form We ought TO nave
crown stronger year 10y year lhslestd on
weaker. as has heen the case. Ohth inc
last few years there has been almost a
.ortfutl1us commercial balance OF trade IN
our favor.
Th- Iaily Financial News has been enc
OF th. few papers that has differed win
uaIfsy of contraction, which has resulted ia
year bv year our becoming more dependent
unon Europe and foreign capital. IN spite
of a steady expansion and increase u
wealth at nome
,entfact.a- our money al home. and Dor
rowing credits abroad upon which we are
compelled 10 pay heavy interests, mas rc-
suited rot only in creating an immense
floating lcbt. which IS not alone men
ace. but one that has an immense ihhu-
eull Dee bearing the prices 81 oor 6fSAt
rraiarfs lAe debt CAUSED ny inns loicF
u.f- D1w grown SD larEe that We are pr;icti-
caHy unable 10 hga.late ihe interest Oh ~.
ANA b t5ai-ses 70 increase a. '.H s'''' '''-''
race su ihe near future.
Tus question is how . reverse the imam
cl.I currents mat have swept Us ohwai
INTO th- 3 luGa OF 4uteriituohaI la1-ott u
ness Row hrc- me 50 bGiCr hsu-il.' A4it.c -
ttEt ni4. Se.euttIlc reply-to restore OAlie L
.iilSnt. Treat IL as part Ci "a hHc-h loiicf
harmon ~ itu pr"lrcslul' i-iat y 40 80, =
stfE preserving our nome markets IN Mhlch
rn son cur uufactured goods. ana al the
same time increase oar expectations, winnie
cnfureiiIu- foreigners to purchase the i1t-
ter ~ hi- Aer prices. only the fun restofa-
t.su IL SILVER 90 IFS historically honofcU
I...~itip. cau accomplish t.i.s iailer par pose
lgl merely increase Cur volume OF paper
money whether issued hy the government
or bv banks. would avail httle; Tor while
b -uul. temporarily raise prices mere az
hofn. 81 would also render tn.s market a
h-Itvr market to sell m, ann, tarf'iof'' AZ
fr...l f.r..-n goods Ii would have no ell
f,-el ta increase oar expectations
70 restore himc tail IN, even though Il
ve.re dome hy tlD United States alone.
would ac.1u piish all tile purposes desired
il would uouUie Jae prices, ia round uGU-
l.,rs. ef oar cotton. our wheat ana our sil-
Nrr. nHf t.E EH-,t 'Nt''. - anu 4,.,
while, lt was Increasing tht quantity " our
operations ~ the hfst two commodities.
i- would .tr- likely send go decrease the
ftet tuat oar creditor European customers
could geo lanEtr eaE cheap atmoue tl... 4
siiE.r fu America and Mexico 20 make
iHtp rupees ana raY out dear i'i 49,
aHa cutt0l bought iu 81. stlser-using pro-
tu-.ng nations which are our foint'rI-"I 5
i9r "" Europeans n.tfNgt7 Wv"i1 CC-'ll,. .
.t@ % tiEa " -F1"FtrL ~ ~ ~,
lt-Es tis wnrat alI cotton where Pc san
~ ihe h'st qu24-ty - t-e 10y -. i. mi
Today tl'y ctu auS silver i9r o. Ct-tts 'l-9
d. fraction FOR au oalce lu Ncw y osN and
rar a-t far SIS. $50 ln iAH toffh g."
.s far Indian wheat ard cotton ANA
naturally tuar bus Rae Indian uroau.t.
T-f.sar H.frata Ism am ounce Of silver would
B.. worth 80 ami fraction PER utnt" il
t.e lult,L States. anu with charges lh-
sarsree ANA freight added. the MAJ, fl'ii
f-- -r- rupees uf india would thoH repre-