Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1909-04-08
SHOULD BE NO MORE fASIcs.
This Is the Opinion or senator Over.
man Of Worth Carolina.

Il = . Z 4. a !.
Washington Cor. New York Sun.
Senator Lee 8. Overman, of
North Carolina, discussing the
condition, says there
shouldn't be another panic in view
Of the eaner and more temperate
feeling that is likely to succeed
the settlement OF the great ques-
tions before the proyle. Senator
Overman says:
Business is always more OF
less disturbed by threatened leg
islation upon all those great
questions which directly effect
the financial and comercial inter
ests Of the country. Within the
next six months the tariff ques-
tion will be settled, and whether
it is revised upon just and prop.
er lines in the interest of all the
people, or in the interest OF the
corporations and trusts the agl-
tation upon this great question
for q time at least, will be over.s
"Within a year, in all probabil-
ity a new and it is to be hoped
saner, if not a perfect, monetary
system will lie adopted. Our f.
nancial system should be 80 per-
feet that ali era of prosperity
such as W. have had and such as
we are to have again soon cam
not be arrested hy the money
kings for their own unlawful pur-
poses or by unlawful mahipula-
tions and by Juggling financiers.
A money panic should never &C.
cur again in this country.
"'The flow of thegreat stream
of trade is still turl,id and cred
tits still uncertain and Hesita-
ting. Money, however, is becom-
ing easier and can be borrowed
on gilt edged security. The dis.
eased and feyerish state of t h e
money market has taken on a
healthy tone. With the settle
ment OF these great questions
which. are now agitating t h e
country confidence will lie almost
completely restored. Many ofthe
causes which produced the terri.
BILE industrial depression which
has 80 long prevailed in t i is
country will be ended.
"Wlldcat speculations and fren
zied financeering will be discour-
aged and abnormal imitation oi
values will be avoided and t III e
watering OF stocks must be stop
ped Under such conditions, and
out of it all, in the near future
an era OF prosperity, founded on
a solid and permanent basis,
such as we have never before ex.
perienced in this country is bound
to come.
Congress and the Legislatures
of the different states, while still
safeguarding the rights of the
people in all respects from unlaw
| ful manipnlations and combina-
tions by whirh they are being
continually robbed. at the same
time will be just tocorporations,
and in the interest OF the great
commercial development will be
more conservative, and will en-
act only such measures as will
aid in the building up rather
than the destroying, or encoura-
ging rather than crippling, and
uplifting rather than retarding
it's growth.
"This spirit seems to he abroad
in the land, and the people will
demand that thelaws which have
already been enacted tor their
benefit shall be enforced before
other more drastic legislation
shall be enacted. The greatest
encouragement must be given to
tthe building of more railroads
for the opening up Of new fields
for development.
'.In the South we are just en-
tering upon the threshold OF q
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