The times. [volume] (Richmond, Va.) 1890-1903, 1895-08-11

TO 10 exchanged for other products OF
labor.
Temporary alarms in the minds OF pan
icky men can produce no efect upon
this new and hopeful state OF prosperlng
business. The work has been done ana wei
done. The foundations are laid broad ana
deep. and the ediiice will go on rearing
itself now In spite OF alarmists on the
one hand and wild men who love 10
avert all progress with pitiful tales OF
woes that their own thrftlessness has
brought on them, upon the other such
exports OF gold as are now made are
those natural ones incident TO the shit
Ing phases of commerce which always
take place in healthy business. They
have none of the qualities OF those which
were taking place last January ana RCD
ruary. when alarmed foreigners were
Withdrawing all the money they had
in America for fear they would be com
PEELED to accept fifty cents for every dol-
lar due them when the free silver men
came into control Of the government.
That alarm has been brought TO close
by the contract which Mr.. Cleveland
made with the syndicate, supplemented
by the confidence which roviving bust
ness stimulated by that contract has
spread out to every quarter. Such exports
Of gold as take place now are not only
natural. but they will soon come TO an
end. We shall soon be marketing the cot
ton crop I'm Liverpool. when great sums
OF gold will be accumulated there for
transfer to this country land il is al
ready reported that cotton bills Of ex-
change are being offered for sale), and
exports OF wheat will also be soon max
ing considerable returns. Unless the free
coiners are able TO make some diversion
that will again attract attention 20 them
selves. and God be praised there seems
TO be no probability OF this, the natural
exchanges of business Will go on in
natural way. and that confidence which
has started so favorably and well Will
soon be founded upon a basis which no
wild men will ever be able to shake again
for long time.
The conditions of business are. there
fore. not only hopeful. but they are re-
established and they can defy free silver
and all Of its crazy and vicious disciples.
But what q sickening reflection for an
American citizen that II should be neces-
sary FOR the President OF the United
States TO buy a syndicate Of bankers TO
protect and preserve the credit of the
United States Nevertheless just that
thing had TO be done last February, or
before this time the Government would
have been protested. the country would
worse than what ii had I'm 1893, and there
would have been desolation and ruin all
over the land where prospering enter
prises now tell the story Of hope and
progress. If the Government had had
out none Of its notes there could have
been no demand on IL for gold. and II
there had been threat that these
notes would be paid with deprecated
dollars. no demand would ever have been
made on the Government that gold should
be given for them. What are the neces-
sary lessons to be drawn from this?
A child can see that the first one Is
that the Government should put out no
notes-that # should redeem those 1T has
out. and never issue another one; and
second. that it should never under any
possible circumstances, lend itself to
scheme TO make one Of the dollars 1t Ia
sues less valuable than another. Heaven
be praised we believe both these lessons
are being learned by the American peo-
pie