The Dakota chief. (Gann Valley, Buffalo County, S.D.) 18??-1913, 1895-02-21

the 'demnition bow-wows" or that it ia
anywhere near that place. Though of a
naturally optimistic nature, Mr.. EckeIs
is sufficiently conservative to refrain from
expressing any opinion under which he
has not a good solid ground for founda-
ton.
lie is in daily communication with the
national bankers. and it seems as if every
one of them felt called upon to give his
opinion as to the condition Of affairs in
his particular section of the country. all
of which is very agreeable to the Comp
troller. His correspondents are the ablest
men of the country. They have carved
their own way in the world, and have
achieved Il prominent niche. They do
not give their opinions for the purpose of
publication or to achieve any Interior end.
They merely write them as bits of Cos
sip. thinking they will interest the Comp
trOller. These national bankers. receiv-
ing their information from business men
Of their respective communities, who
come to them for loans. probably probe
more clearly into the very heart of the
trouble and condition of the general public
than any other class of men. 1t is their
knowledge, given with the honest purpose
of supplying the Comptroller with accu-
rate information of national affairs. which
forms the basis of Comptroller Eckels'
opinion.
Tho chief trouble which the present con
ditiOn of affairs is causing the country is
the spread of fear in Europe that our ma
tional credit is in Il shaky condition.. The
report has gone abroad that we are not
30 ,D,,n4n,, ..,1I ,,
securities. held in such enormous quanti-
ties by foreign investors. will be paid for
in silver or some deprecated currency.
This naturally creates apprehension and
d~istrust. The Presidents message has
had a wonderfully r~eviving effect on
Europe, according to private information
received at the Treasury Department.
And many men and corporations of great
wealth seeking investment. and who Il
month or so ago were doing their best to
realize on their American securities, are
now perfectly willing to hold them. There
are plenty left. however. who fear that
this Congress is not TO be trusted, and
that some legislation dangerous to the
stability of our national credit will be in
auguratcd ere the final adjournment. This
feeling possesses. in Il slight measure. il
few American bankers. They are, how
ever, of the timid class, and though their
feelings may be extended to their Gus
toners, the damage will not be so very
great.
President Cleveland appreciates this
feeling, both here and abroad: at Il recent
Cabinet meeting he expressed himself as
being strongly opposed to an extra ses-
sion; so strongly. in fact, as to warrant
him in informing his associates that there
would be none, unless some unforeseen
emergency should arise. The President
does not believe that the prospect of Sc
curing party advantages alone would war.
rant him intlicting an extra session of
Congress upon the people. The situation
must take on Il much darker hue. 1t is
his belief. based on communications from
people in all parts of the country, that
what the country wants is Il rest from
Congress. He further believes that the
recovery of business will be more rapid
if members of Congress are ut home, in.
stead of at the national capital in session.
He shares Secretary Carlisle's belief that
the revenues will soon be sufficiently large
to meet the Government expenditures,
and when that is proved to the general
satisfaction confidence will strengthen and
the need for further issues of bonds dis
appear. Such is the situation to-day.
Employees of both houses of Congress
are spending a good deal of time on their
knees, praying that an extra session will
not be called. No particular love of coun-
try actuates them in their desire. 1t is
purely personal with them, though they
may possibly think that their own per-
sonal benefit will indirectly add to the
benefit of the country. The fact is that
an extra session means the cessation of
their present jobs. If there is no extra
session their terms of employment will
continue until Congress meets in regular
session next December. That means the
loss or gain of just about nine months
salary to them. Should the Eifty-fourth
Congress convene in session Immediately
after the close of this Congress, new oti-
GERS would doubtless be elected by the
Senate, which it is expected will reorgan-
ize. inasmuch as the Democrats are no
longer in the majority, and the employees
now enjoying soft positions at
tive prices will have 10 seek other en-
plOyment. And the soaking of other EN-
ployment to a man who Las enjoyed a few
years in the service of the United States
Senate is about as disagreeable a job as
ever confronted a politician.
The day after the last election Logan
Carlisle, Chief Clerk Of the Treasury, re-