The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-01-27
BANKER CLEws' VIEWS.
The Financial Outlook as Seen from
Wall street.

wall street.
New York, Jan. 25.-The most discour-
aging aspect of the present situation lies
in the trifing and Indifferent attitude
of congress. under conditions which are
seriously unsettling the whole business
of the country. To financial distrust we
are now having added an equally serious
distrust of the men to whom the people
have committed their all, only as it seems
to be used as instrumentalities for per-
sonal partisan ambitions. The present
curse of this country is too much politics.
Our statesmen are openly vieing with each
other to distinguish themselves by rash
legislation for the purpose of becoming
a presidential possibility with the unre-
tecting masses. The senator who the other
Monroe doctrine evidently thought he
was making an effective appeal to the
gallery" He will soon discover that
he has not reckoned with the sober Sec
ond thought of the people at large, which
above all demands peace, and not foreign
war, and last of all war with Great Bril-
lam the pest customer for our products,
ana the country that, more than all other
combined lends us capital to develop our
enterprises. The party that hereafter
most distinguishes itself in the promotion
of peaceful relations with a country thus
benehcially allied with u.s. will make the
most successful appeal at the next ma
uonai election. A war sentiment cannot
possibly be made a popular flame in this
country on the slim preteXt growing out
of the British Guiana and Venezuela boun-
dairy dispute. 1t will take stronger vio-
lation of the Monroe doctrine than ex-
lists in that case. Jingoism can only be
worked simultaneously for politicaf
fame when it is based upon a justfiabie
international grievance. 1t will be time
enough to resort to war talk when diplo-
macy has exhausted itself, and not be-
fore.
The prostitution of great national oues-
tons to infiaming popular passion, to ac-
cumulting ornaments, to uttering threats,
ana to stirring up bad blood among bel
Ilgerent classes VINO are always craving
for eXcitement-this is a species of enter
tainment for which the American Deople
nave no choronic relish, though they may
be momentarily beguiled into it, The
statesmen who feed their constituents on
this sort of pabulum will be resented as
insulting the public intelligence and com
mon sense, and as miSconceiVing the spirft
and dignity of American citizenship The
men who thus degrade the halls of con-
SresS by pahdering to the petty minority
or uneducated citizens, are not those from
whom our voters are likely to make choice
Tor the future service of the nation For
every position of trust they have to be-
stow. our ciuizenS are more than ever re-
solved to have honest men and honorable
statesmen; for mere politicians, or those
who are first politicians and second states
men, they have no further use and will
have none of them. The Way in which
this same class of men are now trifine
with the highest national interests merely
TO serve their own party advancement is
little short of infamy They are al This
moment arresting the business of the
country and holding its finances i'm CON
fusion, ana employers and EMPLOYEES are
alike suffering. Last November's decis
ion at the polls should have convinced
poltlclans that bad times recoil upon
members of congress who have heen IN
strumental in injuring the business of the
country through fractional and unwise
legislation. iS
The people do not want an autocra+ic
HreSluent; nor a free trade President GIn-
I'll TINS becomes a creditor nation like Eng
Iand); nor a President head and Shoulders
above the average intelligence of the coun-
tryi nor PRESIDENT who is genius like
our WebSterS, ClayS and Calhouns. for
such men are too apt to run beyond the
control Of the legislative body. A good
President should ordinarily be Influenced
by the majority action of the Iawmaking
power. The United States government has
three heads-legislatiVe, executive and in
dicial. They are separate and distinct
functions of power, and harmony and co
operation for the good of the country
should generally prevail among them
serious clash between these three heads
Of the government is invariably attended
with disastrous consequences to the VEL
fare of the nation. The best President that
the country can have is good level-head-
ed all-around man. This requires above
all else horse sense backing together with
sufficient genuine patriotism and sincere
people, for the people and with the people
man who ILLS that niche is the man To
nominate every time for the good of the
country This country will always thrive
best under the guidance of a wise con-
servatiVe executive. The question now is
Who IS the man who approaches the near
est to that ideal standard?