New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-10-06
financial.
THE MONETARY TRUST,
no BROADWAY, NEW YORK.

President Cleveland Is now approaching the posso'e
climax OF his heroic financial career Existing dveop
msnts may enhrone him In finance an no President OF
the United States was ever before enhroned These de-
veopnents have created and are creating sagnieah'
con dons on both sides OF Already they have
piled up idle money In the financial centres OF Europe IN
almost immeasurablc accumulation ana nave e'e"'''
among the Of that money o'suus' vi america"
finance which has been regarded a financial barrier
between the hem.spheres At the same Time pro-
found conviction has developed among the people OF he
United States In favor OF gold standard Inc owners
money Europe. while demanding that TINS country
shall obligate itself return the same money receives
are simply demanding that assume position in inter-
national which the people OF the ited S'a'es
have already determined In ultimate result
this barrier is without foundation j ss on
substantial and the fogs "h'ch rest "p'"
the nckle waves between continents Onder what
gigantic combination influences IL this barrier 70 oe
taken Of laws 1t has been taken out OF the
will OK the people and United States Government
enabled cxtrcate itself from Its inheritance Oh Ios
those who trying TO get god ou' VI "s
country they are the bond syndicate bankers IL
there trying to keep gold IN TINS couh
try the bond syndicate be Included among
them would sensational shrinkage OF inc so'i
reserve November blessing IN disguise
Certainly another costly issue Of adueraed bonds """'
not be advisable with Congress about TO convene Inc
coming Congress Will be many jonted and many heaueu
and without power in Of decisive action FABLE
SAYS there was n double headed snake OF Ne"oury
II had one head where ought TO be- and II mao
another head where the tail ought TO BE- Imagine 'he
troubles OF poor reptile II must have been always
fighting with itself 70 keep Itself from going In the drec
ton which end OF itself thought ought 10 60 Al
ways trying to 90 different ways at the same Vme
must have wgglcd all over the place without arr"h's
anywhere It probably changed location only when 'ne
farmer threw It the fence Mr. Cleveland VIII mo
Congress in exactly position. without the power IN
,. 10 manage iset with reference TO decisive hhanca
policy II gold should decline 70 app'e"e"
s,on point avoidance or another cosby '"
Of doubtful bonds pressure OF the people at large ana
r,sr, Cleveland may lit that disjonted body over
,hs fence and force a gold basis under our finances IL
the United Government ever does Issue aho'he
bond that will avoid bubbles and stand plump II"
gold With leading journals OF both paytes all on one
aide with boards OF trade Of all cities In solid phalahH
and with promnent politicians already In stampede FOR
gold may not Congress fund our floating
Indebtedness? later years will money be oo'a'nao
AZ snch low rates OF interest until international depres
sion has come round again Never Will the present ia'
able opportunities be duplicated until money mas aga"
hon torn away from enterprises and securities under the
torture and Of another panic Let THIS Government
now sell i,s low-rate longerm bonds In Europe anu
bring home the boarded gold Of the Older CIVILIZATION ana
this Young country forward again Win sean0
sde. the majestic leader the procession OF the ma
,ions then labor will be lifted 10 plane VI
comparative luxury. the like OF which history mas o
recorded before all the centuries she has owned inns
glorious achievement will not be brought about without
disturbance Bitter medicine will often give shuduer
to the patient, and hawks are always hylns 'er'a'n
newspaper writer's failing to realize the influence '"y
control overbear patriotism and write GOWN sue"
awkward position Of United States Treasury as Ma
,ional calamity and the market manpuators LOT oo""-
ward moves will again money and securities from
the accounts Individual traders. but these 'rouao'
will not prove vital will bring no lasting INJURY 10
the country or The Monetary Trust The investors OF the
old world have been buying bonds The SPECTATORS
~ the Old world have selling our stocks All specu-
laye Europe been Influenced by the eSpuisFe power
OF a new infatuaon. Operators under the influence oi
the gold frenzy have sold their holdings OF saoe
ties to use money in gold mining manoeu'fes until
the volume transactions In that direction mas oecoe
incredible and the mind and money of all venture
some men absorbed II the circle OF ne" ouy
es for mining has reached its limit OF extension
and this amazing speculation has eliminated dech"s
prices may cool down the fever and bring back INTO
realization the American securities are al ms
time more safe and more promising than those OF any
other portion the world In any event the expanding
courage prosperity Of the American people cannot oe
overcome nor oyerborne security market OF New
York long staggering under constant offerings VIII come
o,t triun,phan in the end October is not month for
gold exports International traffic in passengers secur-
ties metals merchandise and commodities now indicates
a distinct gold balance in favor OF the united states
during the closing months Of ls0S. In such event the
combined manpua,ive OF both hemispheres can
not keen down the prices Of sound securities The
fogs and clouds this side Of the ocean have passed
away The market movement will be slow, but none the
less
downward markets exhausted themselves They be-
lIeyed they we're conflict with The Monetary Trust
but they were actually engaged In struggle with the
largest corn crop with the largest spring
wheat crop the Northwest country has ever produced
with the return Of prosperity to the whole country ana
a short crop OF cotton On the other hand. the pubic
customers OF the Offices the brokers during the
recent and unexpected decline have lost money securities
and courage Stock Exchange therefore. Is an al
most deserted battlefield with lost and wounded
cou,hatants on both sides But the real forces which
max. markets are visible upon the floor OF the Ex-
change Gradually will confidence now common to the
whole country reach floor Gradually Will cheap
money creep into securities and Increased earnings
show themselves In improving quotations Let gold CO.
or IL, gold come conditions will CONTROL Europe Is
full OK cheap money people Of the United States nave
decided against silver; President Cleveland Is unhnchhg
for gold; the earnings Of the Pennsylvania and othe
pvoal systems move apace; October Is the ousiest
month OF all the year. general prosperity Is constructing
shsanta foundations under feet and the noise OF
machinery vibrating the autumn air above our heads
tumble these facts together and let them work
OH, their own solution The forecast OF The Monetary
1,r,is, ponts to higher for sound securities
FRANCIS ID. CARLEY, President.