The times. [volume] (Richmond, Va.) 1890-1903, 1895-02-21
MN CI.yELANp's GREAT ACT.

The criticisms of the President That
have been going on in the Senate OF 'he
United States for the past few days by
silver senators. because he soid the great
block of So, 900 Of bonds at price
somevbat below what they might have
hrouasbt If peddled out bond at time
proy. ling purchasers for them could nave
been fouIid under sny such pian az" ~lthE
ont reason. and i'm disregard of the pro-
digious advantage which the contract Sc
cures TO this Government, which Is never
mentioned at all. part of the con-
slderatlon secured by this transaction was
a verbal agreement by the great financial
houses of Rothschilds and Morgan tha'
the Treasury OF the United States shal
no protected as far as this syndicate Is
able 10 do it. during the rest of Mr.
Clevelauds administration. from raids up
on its gold fund. The best authorities III
financial matters are no longer dlScuss-
ing this as conjectural. They treat II as
an assured fact. and the New YORK
Journal of Commerce declares that the
price at which the bonds were obtained
WAS not the only consideration when
this powerful syndicate had in view.
Enropean financiers Of the Rothschlds
order recognize that Americas inahclal
troubles are not her troubles alone. Ihey
recognize that the financial stability OF
the civilized world is more or less IN
yolved. In the controversy going ON here
now In the effort to degrade our standard
of value. The Rothschilds have come
TO the aid of this Government, therefore,
IN their-own interests. as well as in ours.
Their plan, says the journal of Com
merce. is far broader than any mere
scheme 10 purchase some gold bonds at
a low rate. They intend TO exercise that
dominating power of control over the
financial exchanges of the world, which
they hold. to steady exchange in favor
of this country, and thereby TO end the
drains on our gold If this prodigous
scheme is put into effect, and we are
permitted to have one year of peace, with
no disturbance from Congress of ig-
norant politicians. there are great proba-
bilities that the country will commence
an era OF prosperity that will enable the
friends of sound money to entrench
themselves so strongly that the efforts of
the free silver fanatics to overthrow our
money system in 1896 will prove a pitfui
and abortive failure.
If Mr.. Cleveland has really secured the
powerful aid OF the Rothschilds for ef-
fecting this result. then he has performed
one of the greatest services for the
American people that any President could
possibly have rendered them. If he has
really made combinations that Will end
all drain on the gold of this country. ex-
cept for what is demanded TO settle the
balances OF trade against us, he would have
secured the result on most favorable
terms to this country by giving the whole
OF the So. 10000 of bonds for it, Instead
then, of senator's denouncing him for
making an improyidenI bargain. all Ameri-
cans should unite in sounding paeons
OF praise TO his name. for greater fnan-
cial service hath no man before rendered
70 America. and II was service too.
which but few Presidents would have been
able 10 render. II was not the Presl-
dent but the man Cleveland. who was
able TO perform this almost superhuman
feat. lie was able TO draw these power
full potentates OF finance into cooperation
with him for his country's salvation. be-
cause his record from its beginning to
this day In connection with our financial
system has been one that commanded the
unqualified confidence and approval Of all
men who have anything 10 lose or any
share In the progress and prosperity Of
the nation; and no Republican could have
equaiied him In Il.
We propose three cheers Tor Grover