Rensselaer Republican, Volume 25, Number 42, Rensselaer, Jasper County, 15 June 1893 — "MORE FRIGHTENED THAN HURT." [ARTICLE]

"MORE FRIGHTENED THAN HURT."

Controller of the Currency Eckels said, Wednesday, that he had been watching New York and Chicago banks closely because a break there would be a serious thing, and that be was satisfied that tho New York banks and Chicago banks wero in strong condition. As to Philadelphia the same thing is true. .Senator Manderson, president pro tem. of the last Senate, said that he did not believe the situation to be nearly as bad as it looked, “Wo are,” he said, “more frightened than hurt; that is, there is not the foundation for as much alarm as Is felt.” Speaking of the prospects of repealing tbe Sherman law, he said: “The Sherman law canmot be repealed toy the next Congress, unless substituted by the free coinage of silver in some form. They may put more silver In the dollar, but free coinage will belhsistcd upon as a condition to the repeal of law.”