The evening world., 1895-04-15
BANKERS ON THE LETTER.
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country. but It Will tend to create conf
| dence abroad in our financial condition.
' president Cleveland had the interests
OF his country at heart when he wrote
| that letter"
Right to the Point.
President f. X: Wright. Of the Ma
"The letter was right to the point.
and Will have q good effect immediate,
y... Holders of our securities abroad
| will now underc tand that we are, going
| to uphold sound money here. and they
Will, therefore. seek more American Sc.
curities rather than attempt to UNLOAD
Another point: II New York City, for
| instance, were to sell bonds 10 morrow
they would undoubtedly bring more than
,ney would have done last week. This
IL he cause financial men understand that
the side OF sound money. The letter
was excellent. especially the last para
graph. which was right to the point.
G~nernlIy Approved.
Plny Ftske. Of Harvey FISK & Sons.
would express no opinion further than
to- say hat ne aPprSysid na a. genera n
John q. Moore. of Moore & schley
said he vns not an authority on the
SubltGl anu uIu Uot ~ be bi'Ni
viewed
Mir Hopkins, OF Hopkins & &C.. Ex-
change court. also refused to be inter
viewed.
j. schIn. Of Kuhn. Loeb & Co. and
President King. OF the Union Trust
Company. were out OF town when an
Evening World' reporter called.
ttternnce of IL stntesmnn.
Dumont Clarke. President of the
American Exchange Bank, sad:
The letter cannot fall 10 excite atten-
ton and admiration. and 1t shows We
have "A statesman at the head Of the
government who understands whereof
he Is Ia king, and proposes to do all he
can to help to keep. the finances OF the
country In sound condition. II can
only be his personal political enemies
who make any objection to It,"
Opposed Z" Free Coinage"
Henry W. Cannon, President OF the
Chase Bank. said:
II can prove from the letter that Mr..
Cleveland believes In maintaining gold
coinage Of silver. which in my judgment
Is "A sound position
Appeals TO Workingm-n.
John Stewart, OF the L. 8. Trust Co.
"It was most admirable letter:
| courageous. and right to the point. just
what would expect from Mr.. Cleve-
hh'l
at was prepared most carefully. es-
pecialiy in that portion where the presi-
dent sought TO make II clear to working
| them as II Is to others.
| "Workingmen are In a vast majority
IN this country, AM when the true con-
dition is understood by them sound
"The letter will be beneficial because
| Il will have an educational effect, and
for the reason also that It will create
confidence abroad In our money
ForcihIe and Timely.
President Tappen. of the Gallatin Ma
| tional Bank. SAID:
| 'iresident Cleveland's letter was forci-
..c and timely. and presented the issues
In fair manner, and - clearly that
any one can understand them. The let
ter cannot help but have good effect.
that during President Cleveland's ad-
ministration at least there will be no
| Legislation overthrowing our sound
money system. II such measure should
| be passed by Congress, II would he
vetoed by the President.
I'm addition to this. President Clcve-
! lands letter will restore confidence In
Europe In our monetary affairs."
Very Timely, Says Mr.. L-ech.
To tho Editor:
'The Presidents letter is timely and
| expressed In his usual forcible stvle.
| l fully approve OF every word no says.
| Unlimited silver coinage by this coun-
try. acting alone under present condi-
lions, would not only defeat any effort
at International bimetallism. but would
most certainly result In a silver basis
| for our currency. with all the evils at
! tending debased and huctuating cur
! rency.
! Il am glad the issue is to be drawn
/ clear and distinct. and have no doubt Of
the result II our people fully understand
! II.
THE President deserves the commen-
| datiun of all those who wish to preserve
| the intrgrtt.' of our currency for his
brave and truthful utterance on money
| subjects on this. as well AS on all other
occasions. Il. .. LEECli.'
viii lie u Good Influence.
Henry Clews gave out the followins
signed statement exclusively to The
kvenirg World this mornins,
president Cleveland's letter is excel
lent, and portrays his position as sound
on the money question,
His views are well and forciby pre-
sented. and his letter cannot fail to he
productive of good influence In check
ing the present strained efforts of tn.
silvcr extremists.
men IL come TO the East To make on
| veIts to tne,r way of thinking vii. sig
| nally fail because 1t Is directed entirely
towards National free coinage. indn
pendent Of international Arrangement
as 1t should be.
1T is well. however that their suici
dal scheme should receive all the pub
licity that the silver fanatics are tryinl
to give II.
When the next Presidential election
comes the honest population OF the coun
try will understand the meaning OF tn,
plot. and viii he prepared with verdic
that will settle all such rant once anC
forever.
I'm the mean time President Clevelanc
VIII see to II that no further harmful
silver legislation will be put on tn,
statute books.
"(SignedD HENRY CEEWS."