The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-11-08

and lingo crazes, and it is therefore nat
ural that ii should show this welcome eX-
emption from the spirit of political pessl-
mism. Viewed disPasslonately, am una
bic to see anything in the sIdtS
elections that can be resarueo
as casting any doubt upon the con
tinuance of the public prosperity that mas
returned and developed to such remark
able extent within the last few months
Now that business has universally reVlV-
ed the people at large value the boon TOO
highly to sacrifice IL by rash policies OF
needless sectional disagreements. w hat
they want is safe and conservative pusi-
ness legislation, and a foreign pohcy thdl
is pacific rather than belligerent Ihey
want a sound but not needlessly revoiu-
tionary revision of our monetary SYSTEM
such as will save us from the possible re-
currence of eyiA like those that have inn
periled the gold basis within the last loui
years. In 1879, 1t was the resumption oi
specie payments that produced the re-
markedly exhilarating effects upon lhe
business situation then experienced NOW
eighteen years later, we are witnessing
a great commercial revival stimulated by
the hope that measures Will De enacted
for making the maintenance of gold pay
ments secure and lasting. Efforts nave
been made to produce the impression that
the President and congress have become
Indifferent about currency legislation; but
these representations may be safely re-
garded as mere party inventions. l ven
ture not without knowledge, to aTnrIn
that both the Presidents message ana the
report of the Secretary of the Treasury
will make strong and unmistakable rep
reservations to congress in behalf OF meas
ures for effecting this reform upon broad
and practicable business-hke basis. nave
also reason to believe that Speaker Reed
instead of proving lukewarm on TINS ques-
ton as has been predicted of him, will be
found earnestly committed to making this
the leading issue of the session.
Thus, whatever congress may or may
not do. we 1may safely look forward to
its devoting earnest attention to the ques-
ton upon which business opinion has fixed
it's hope as affording more thorough and
lasting relief I'd the credit of the govern
ment and the trade of the nation than any
other that could come under its considera-
ton. Instead of--as has too often been
the case-having to anticipate the opening
Of congress with the prospect of disturb
ing legislation, we may look forward to
it with hopes for a great measure of pub
lie relief. In view of these facts, 1t is
reasonable to expect that the present
grouty temper of the market has about
reached its limit; and that instead of
deferring operations until December, as
some seem disposed, there will be those
found who, in view of the many "bulP'
conditions that have been neglected for
the past month, will regard the present
relatively low range of prices as afford
ing an opportunity of laying in stocks Tor
a general recovery of the market. IL
seems incredible that, with so many
strange elements in favor of the market
and after the dissipation of the factors
that have induced caution. the tone of
business on the stock exchange should fail
to exhibit an early revival.