The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-06-29

the year and the volume OF business is ar
It's lowest point There is. however. a
marked recovery OF confidence. which may
oe expected 20 SHOW itself IN the prepare
ti0ns for the fan trade and already dnds
expression in a better tone in prices
This Improvement does not overlook fhe
fact that the defeat OF The silver faction
does not cure every evil in the situation.
nor Is these any inclination To exaEgerate
ITS value. There Is no disposition TO evadc
the f1ct that O. refractory Senate may he
expected 10 DO Us utmost 20 defeat every
form OF wholesome legislation. II Is eN-
pected from that body that the defeat Of
silver VIII cause g 70 oppose all efforts
20 renoFare our currency system, and
probably 10 interpose every obstacle 10
reinforcing the revenue through Fevis-
lon OF the tariff. Nor is il forgotten that
nothing has yet been accomplished to-
wards relieving the treasury Of its expos
ure 10 the draining of its reserve. The
prospects OF legislation are thus surround
ed with no little uncertainty; and Also
lutely smooth and unObstructcd sailing is
out of the question. But the difficulties
that remain are virtually subsidiary mat
tiers, as compared with the removal OF the
one danger that has threatened 10 over
Whelm every interest in the ruin OF a de-
based currency The escape from the dan
ger which has OvershadOwed all others
combined Is something that warrants a
very large recovery of confidence and a
great relief of the paralysis that has SO
completely Frustrated business; and when
of seasonable business, il seems entirely
reasonable TO expect a return 10 much
healthier business conditions than we nave
witnessed for the last three years.
One Of the first subjects 10 be under
taken, upon the TeOpening Of congress,
should be the remedy of the conditions
under which the treasury is now suffer-
ing. 1t is time that the policy of running
the finances upon temporary makeshifts
was ended. The country has become
wearied of borrowing Sl0O, 100000 a year
to redeem the greenbacks over and over
again, and no delay should be lost IN
bringing about a fiscal Encouragement
that will insure for the treasury a gold
income sufficient to take care of all need
ful redempuOns of its notes That was
the protection of the treasury previous
TO 1898, and there is no sufficient reason
why IL should not now become its shield
again.
That measure being accomplished. moth
ing will remain needful TO effecting a
complete restoration of our credit abroad .
and, with that, viii cease the cOntinu-
Gus drain upon our stock of gold, with
probably a return of much of the large
amount that we have exported since the
panic OF 1888 This and the prevention
of further coinage of silver being ac-
complished, the recons truction of our
paper money system may be safely per-
mitted TO stand over until conditions are
more favorable to a thorough, wise and
final treatment of that branch of the
money question. The great thing that now
summons the country to a revival of con-
hdenCe and activity is the fact that the
silver heresy is at last placed under con-
troll and destined to extinction. This
emancipation is not yet half estimated
at its real practical value; it is too far
reaching to be taken in on first thought.
It's fruits, however, must soon begin to
ripen in all branches Of business.