The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-12-12
HENRY CLEWS ON THE MESSAGE
Commenting FavOrab Y on Its Finan-
cial and Other Utterances.

New York, Dec. u.-Henry Clews' week
ly financial circular contains the follow
ing on the financial portion of President
McKinley's recent annual message to
congress: THE presidents message has
woni more approval than usual. His clear
utterance for the gold standard. his pru-
dent yet progressive attitude on foreign
affairs and his advice to congress to give
the monopolistic trusts careful attention
three most important topics, treated
without a partisan touch-all show that
he is fully entitled to the confidence Of
the people. The present session of con-
gress has much important work before it.
Foreign questions will occupy much of its
time, and domestic problems will require
some serious thought. As a disturber
of business this congress, however, prom
ises to be less serious than usual. On
the contrary, it is probable that one of
its first acts will be to put the country
squarely on the gold standard and take
the first step toward securing a scientific
currency system. When this is accom-
plished, there will be renewed cause for
confidence regarding the future. The
passage Of such a bill will certainly be
favorable to all business interests. Until
easier rates for money are in sight, how
ever, buying of securities should be con-
Quoted with extra caution. The presi-
dents message is a well-written and con-
sentative document and should be salts
factory to the great mass of the Ameri-
can people. All the questions to which
he refers are presented in a full and COM
prehensive manner. The most important
of these is the one relative to the gold
standard and upon which ne declares HIM
self in words so clear and expressive as
to leave no room for misunderstanding
The president has now fulfilled his cleo
ton pledges and conformed to every rem
dition Of the policy to which he COM
nitted himself when nominated for the
position which ne has thus far so hon
orably and faithfully filled, One of his
most important implied promises in the
course of the policy which ne prescribed
for himself more expressiVely after his
election, was the prosperity of the coun-
try. This intention has been realized al
most beyond the dreams of avarice, when
we consider the frightful depression which
brought the country almost to the verge
ccding his advent to the presidential
chair
President Mckinley promised to main
tain the gold standard. He has done so
despite the most vigorous opposition;
also to adjust the tariff to the require
merts of our industries and to stop the
outflow Of gold from the treasury, bring
ing the receipts and expenditures of the
government to counterbalance each other.
AMI ne did all this despite the interven-
ton Of a war with a foreign power the
affairs of which he managed like an ex-
perienced general
OF the presidnt's treatment of trusts,
expansion and the eastern question, Mr..
Clews says: He now hands the trust
questionable great bette noire of business
and labor interests-Over to congress and
recommends the serious consideration OF
the question to that body. With regard
TO our foreign relations and dependencies
in the far east ne takes a wide and
statesmanlike view Of the whole matter.
His attitude upon all the questions now
before the people should enlist the sup
port of the entire country