New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-12-21
THE STRONG FINANCIAL POSITION.

THE S1HONG FINANtI1L T'''''''''
Everybody ought to understand why some sill
yer conspiratOrs, regardless or the iheri's Vi
any pending foreign question. are disposed 10
threaten the peace Of the country whenever the!
have opporlunty. II does not please them to
have any measure Of improvement coihe "S
result of their defeat. They do not want lor
eign investors strongly attracted toward Aiheri-
can securities because such investments "ouiu
bring more gold hthcr and make II harder
hereafter 10 disturb the credit OF the Govern
ment.
Under these circumstances 1t Is not in the
present Senate. but in the House, that delip-
crate and fair representation Of American Opin-
ion must be expected. But before the dellD-
erotc judgement of tina. body can be invoked.
il IS timely to consider the extraordinary imam
clal strength which the last few months HIVE
developed The man who lmagnes 'ha'
small shipment Of gold. borrowed here 10 re-
leve special emergencies abroad. can cause
any apprehension or trouble AT a TINE WHEN
the banks and the country have more so'o
than they require. must he strangely piiiiu ~
The merchandise excess OF exports owe: imports.
which for the last three months has Dcen greater
than the official valuation of all goods imported.
Nearly this state Of facts continues i'll Dec'h-
her Last wear merchandise exports III ms
month were $92.5OO.0OO, and this year nave
been slightly larger. while the imports last year
were So 200 600. and ut New Work alone nave
this year decreased about 10 per cent IL LOOKS
as if another merchandise balance IN FAVOR vi
the country amounting 10 S3G'oVo,op OF more
would be realized this month. and added I'D i"e
apparent balance OF S1j6O0O.00O in the last
three months Liberal allowance may ne hiaoe
for undervalua,ions and there would yet remain
q very heavy sum TO be paid by foreigners when
ever this country needs il.
The attemDt to scare a people who hoid 80
strong a financial position should HOT hive
success even for a single day There is no pros
pect which a sober man need consider that the
Government will be rushing into the market
next week to borrow money, but II II shouid ny
anv chance il could readily borrow great man!
millions on easier terms than were nlaoe Wien
the last loan was offered TO the pubic Inc ioo'
of the matter is that the Nation has de'lo'u' u!
a Surprisingly large majority. in FAVOR ol So."u
finance. public honor and protection OF lhu"s
fries The very men in Europe who realize Inc
,aroest nroft from the laundering tariff en-
acted by free-traders are perfectly aware mat
thie Nation will be UNNECESSARILY stronger an"
more prosperous with n different policy 'he,e
are such men who could be named VINO hear''!
reoced at the success Of Democracy IN No'eh'-
Der. 1892, and in the very same month loon care
TO withdraw their money from American sec"i'-
ties The sam. men doubtless deeply regret the
decision last November as respects 'heir o"" III
forests hut are shrewd enough 10 get snare OF
A,,or;oop nrosnerity by lodging their money III
American securities. and some nave gone '"'
Their and decided to transplant manufacturing
establishments to this country since the elec'oh
Of November Under such circumstances Aineii.
cans can view the future with more scum
and reasonable confidence than they nave nee"
able TO feel for the last four years.