The Canton times. (Canton, Miss.) 1893-1906, 1895-03-01
CANTON. MISS, FRIDAY, MARCH l. 1895.
He Saved the courtru

He Saved the Courtru
The recent gold loan negotiated BY
President Cleveland with the syndicate
Of London bankers has provoked
storm Of criticism from the free silver
cranks and the Republican psrtisans
who embrace every opportunity to
abuse the present administration. Mr..
Cleveland's action has been denounced
as colossal financial blunder, and he
has even been charged by narrow and
bitter men with personal dishonesty,
but the level headed American people
are beginning to realize that the Presi-
dent has saved the country from great
disaster and Disgrace, and in doing
this has saved the psople from the
highest capitalist down to the hum
blest laborer from losss suffering and
distress, and we have good reason to
believe from a terrible md bloody rev
olution.
Three weeks ago the United States
was on the verge Of Q financial panic,
the prospect OF which caused wide
spread alarm, because thoughtful busi-
ness men knew the moneut single
application at the treasury for gold in
exchange for legal tender notes was
refused the value Of the vast mass Of
$500, 900 900 Of currency distributed in
the channels of trade smong seventy
millions Of people and depending for
its steady value on the gold in the
treasury, would at once be deprecated
and panic would follaw the evils Of
which no one would b able to esti-
mate.
That was the situati On three weeks
ago when the crash wasexpscted every
day until President Cleveland threw
himself as bulwarl between the hon
or and credit OF the goyernment and
national bankruptcy snd disaster,
Commenting ON the situation as it was
then the New. York Times says:
What has changed itg Why is it that
the men who were fall NJ just appre-
heusion SO recently arecalm enough
to figure percentage and interest and
exchange and fifty delicste items that
enter into the probabla Rroats Of the
new loanp It is becansetddr. oieveiand
saw the facts as they then, saw them,
and without . thought ofwhether this
or that clique or faction would con-
demn him or approve, took the only
way he saw open to him to get gold
for the treasury-to get enough, and
to eet It 50 that it would stay. Do his
critics remember the feat Of Colombus
with the egg? Before it was set on end
they said, no one but fool would un-
dertake such a thing. When it was
done they said, any fool can do that.
There may have been other and better
ways to fll the gold reserve and stay
the disaster that was impending. There
NAV have been score Of tnem. His
way has this supreme merit, that a
brave, loyal man decided to take it,
and IL has done its work. Mr.. Cleve'
land nay well be Indifferent to the
criticisms OF his course. He deserves
the profound gratitude OF all honest
and sensible men.
sxA
The States is confident that within q
wear from today the wisdom and cour'
age displayed by Mr.. Cleveland in COM
ing to the rescue of the country in an
hour of extreme peril will be SO gen.
orally recognized by the people that
the men who are now making him a
target for calumny and slander will
not dare to open their lips. 1t was
fortunate indeed for the United States
that Il had in the White House q
President with the courage to do his
dutv as he understood it, regardless
of OF the attacks of his enemies
Daily States.