The Atlanta constitution., 1898-08-15
Northern Capital and Southern Invest
Msnts.

Mants.
We call the attention of our readers to
the Well-timed communication which we
publish elsewhere from Congressman j.
NJ. Griggs, of the second district, IN
which he addresses himself with caustic
effect to the views recently expressed by
President w. l.. Trenholm, of the North
American Trust Company, of New York
in reply to certain questions put to him
by President p d. Pollock, OF Mercer
university, in this state, with respect
to the investment of northern capital in
the south.
AS strange as It may appear from the
views which he expresses, President
Trenholm is Of southern birth; but he
seems to have completely lost the aroma
of the soil Up to the time of his ap-
pOintment to the office of comptroller OF
the currency under the first Cleveland
administration he was proud enough to
be identified with the south in senti-
ment, in politics and in interest; but
since hehclding the strange light which
radiates from the shrine Of the money
power, he has so far changed his atti-
tUde toward the south as to feel that
he can safely criticise his former breth-
Itu even 10 I'll" tAt'HC "i '''i>'''7 "
the OBJECTS OF popular NVii3'oi' nuI II
lies not WltAh the scope Oh HIS "p1l'''e'
to accomplish this result.
80 much by way oI eHplahalloh' we
gather from the correspondence "hl'n
Congressman EflG&S nFloly quote' lht0
early during the year fT1S4uehI io'-
lock, OF Mercer thINe!9ltE' "io1e -
President trenholm 10 kno" II, III Iue
-. t},n
latter's opinion, the breaking up ol I"e
solid south p0lftlc2IIy "cuid not oilHS
about larger investments or northern
capital in this section. 10 TINS question
President IrenAoIlA IN 'he course oA
time replied taat northern caP'I"i was
not rendered aFcTSe 10 SoutHGIH 'AN 90
ments because tn" people OF thiS $'ENIoh
stood s0lIdIy together IN opposition 10
negro DOMINATION, force DlI!S ana nlEh
tariffs, but solely because Of the ln1lu-
ance Of 'Pryanism' upon southern CON
ceptj0nS ti 'comm@Tc.3l integrity ana
SOUND business poilc!. Cdn II "0 pos
SlDle mat SUcA 'apRu"St DIS '-iIo % HIi'
mates u ON one "o' /" OHS 'o",
idSht I@illl'i" "tI9y meet w
h'li'@7Ii 20 '"pE .'ac l''' q y
are not neld as plAclh8 III 'd'S Se"1-"n
as they are IN any o'h@r secIolf, OF
that any lnlluence WhaJ@FeF eau Iilip"li
the native honesty or lhe Soujhefn peo-
pie. We might reply 10 the eXtraoF-
binary language OF fIeSIoehI rem III
by saying lIl@t IL III Oe'","'S one o0'
IN Ihe SCUM 10 IAuS Ioile'I "Po" h.o
own sectl0n, but we prefer 10 Ft9iy 10 IL
DY saying tAaJ hoJHIhS 'oj'lu 'e Li'''
absolutely or more Wholly raise. mere
has never been time when the souCA-
e-n people have failed TO eXhiht the Ut
most integrity IN tAelr cofhme'cIaI oea!-
ln&S with the "orio' ana IN tila TS8P'''
they Will compare 1aVor2olY not ohly
with the people OF any other secAoh OF
the country but with the people or any
other country on the globe. we resent
the outrageous language OF President
Trenholm on behalf Of the sturdy ana
upright business men OF the SouJn whose
commercial integrity mas never once
been called INTO question. lnteIIIgent
northern capitalists Know well enough
that they incur no risk whatever IN put
ting their money into southern invest
ments, despite the cry OF alarm when
political bigot5 and turn-cOats may
raise,
With respect to the south's attitude
toward the financial problem President
Trenholm goes on to say that "heh
whole communities tdik, WrIte ana vote
III favor or scaIlhS oeolS Dy Ceoaslh6
tAe currency ana IN 1aVor OF FeconStruc-
ing the courts IN order that reyoIu-
tiOnary and unconstitutional legislation
may not be set aside it Is the feeling at
the north that the persons constituting
such communities may become unset
tied in mind as to the binding force or
their individual obligations What ut
ter stuff and nonsense, President Tren-
holm seeks to bring ridicule upon the
south for upholdlng the Chicago plat
form; but he should bear in mind the
fact that a decided majority Of the white
voters of this country indorsed the Chi
cago platform at the ballot box. In up
holding 'Bryanism' in 1896 the south
did not vote in favor Of scaling debts
by debasing the currency, but She did
vote in opposition to the single gold
standard, and she will continue to de-