New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-12-07
WALL STREET MEN LIKE ITS TONE AND
COMMEND IT'S SUGGESTIONS

WALL STREET MEN LIKE ITS TONE AMI
COMMEND ITS SUGGESTIONS.
The Ncw-York financial community in general
EXPRESSED approval OF the Presidents Message yes
terdav Following are some Of the comments mace
A. g. HEPBURN. vice-presldent National CITY
park-The Presidents ideas on the currency ques-
ton are sound and proper. HIS idea OF reissuih8
greenbacks only for gold meets with my approval
think Congress Will do we'll TO carry out the fresi
dents ideas In full
W. W. SHERMAN. president OF the Natioha'
Bank OF Commercial am not In favor OF the re-
trement Of the greonbacks prefer to begin at the
other end; that u.s. retiring silver certificates ana
other obligations not directly payable In gold
HENRY W. CANNON president OF the chase
Natlona! Bank.-The Presidents Message II adinira-
bic He proposes simple effective remedles IN the
currency system. There is nothing complicated In
his statements. The message shows wisdom ana
displays a firm purpose. As a whole, the message
is strong
JAMES G. CANNON. vice-president of the Fourth
National Bank-Thc Presidents Message Is entitled
to approval throughout.
J. H. KERR. of Redmond. Kerr Co.-The Presi-
dents Message TO me a conservative, aoie
and reassurlng document. and should inspire con-
hdence at home and abroad. The accommodations
regarding the interchange OF greenbacks ana Roid
are especially well chosen. and II enacted by con-
gress would undoubtedly yield beneficial results
Until the plan OF Secretary Gage for currency re-
Of the Presidents recommendations VIII not he
known. II would seem in the Presidents letter
that he intends to fulhl his promise to the people
In the matter OF gold standard and currency
reform.
HENRY CLEws-The Presidents Message is
concise and to the point all the great questions
referred to. Its great merit largely consists In It's
conscrvatlveness which Is generally conceded 10y
public opinion IN be the present need OF our
Governments action. especially in connection with
international matters. President Mckinley has
thus far shown himself quite equal to all emer-
eencies and has demonstrated that he can be safe
ly trusted TO handle the Cuban question. and
should bo permitted by Congress 70 do so In his
own way without hindrance or interference The
recent action by the Spanish Government In offer
any further rneddling by Congress In behalf OF
the Cuban Insurgents. and should any ilngoism be
10 be dlscOunlennnccI by public opinion. am quite
sure. There viii cerihnly lie no pplitlcal eclat
ess enough 10 attempt Il. The Presidents refer
20 blme,allism t. made simply as matter
OF courtesy TO tho recent commission and TO party
pledges The other financial rocommendat!oTs
are sound and safe and II is to BE- hoped WI sur
rce 20 lad tho way to wise legislative acton:
WILLIAM GRANGE. Of Mathews. Bean < Co
The Presidents message IS calm. conservative
document which has met with remarkable pre-
cision tho general anticipation concerning II. lts
.rcc, will be wholesome and Immediate In It's
ou,.ting influence on tho political probiens which
havo been the most serious obstacles In the path
Ter OF IL author 81 reflected In its tone. ana not
10 least considerable of It's merits In the present
..rsitve cpudl' ion Of trade and nnaNco IS 'he an
senc. oi all startling surprises
Holm GRANT DATER-Thc Presidents Message
is such document might have been expected
from, Major ii Klnlcy. who IS a man committed 10
conditions working for peace and prosperity with
the Will and Judgment to carry out his Ideas. He
is essentially sound the financial question: and n
hts recommendations 10 Congress on that SUBJECT
are followed los that body f. VIII be long step
toward nm absolutely unassailable National hnan-
cal system.
JULES ). BACHE-I have read the Presidents
Message Tn ms much detail as the limited time
since iis publication Will permit. and express my
unqualified approval OF rs terms. with the one
exception that / think the remarks about Inter
national himeia ism might have been omitted, and
IN. Executive frankly inform Congress and the
Nation that International bimetalllsm Is pract-
wholly dead / find the remarks In regard 10 the
Kansas Pacific Road scasonable and fair. and
think that II the Government should secure the
uriuclpnl due on the debt 1t would be doing I'M
exneciedlv well under tn" circumstances, and that
All citizens should cndeavor 10 uphold the Pres-
drnt's position and not join In the clamor OF the
y. How newspaper FOR the full payment, principal
MON Pacific Reorganization Committee nj practi-
calv six and one-haf millions less than they
would have had TO pay some thirty days ago. |
believe that the committee VIII be liberal minded
enough TO endeavor to meet the Presidents visYs
I'm the matter II would certainly be mistake
FOR the Government embark In tho railroad
business and make Its railroad holdings matter
Nf.. f,1