Rensselaer Republican, Volume 25, Number 52, Rensselaer, Jasper County, 24 August 1893 — SENATOR SHERMAN’S VIEWS. [ARTICLE]

SENATOR SHERMAN’S VIEWS.

He Believe* That the Financial Stringency la Being Slowly Believed. Mr. 8. J. Ritchie, of Akron, 0.. has received the following letter from Senator Sherman: Senate Chamber. Washington. Aug. 13. S. J. Ritchie: “My Dear Sir:—Yours of the 14th is received, and has been read with much pleasure. I believe that Congress is addressing itself to provide a cure of our present financial difficulties, but this cannot be hastened in a body composed of 450 senators and members. In the meantime, events are relieving us slowly, but surely. The incoming of gold, the large increase in our paper money and confidence in our ability to maintain the bimetallic standard of silver and gold' at a Rarity with each other, are helping to reeve our financial situation. Ido not intend to be in a hurry in expressing my opinions on the best mode of relief, for I think it is better to move slowly. It is a great mistake to suppose that Congress is Indifferent to the wants of our people. There is an honest difference of opinion among the people with respect to the best remedy, and there is a growing feeling that all that is needed is an increase of currency of the national banks and the suspension of further purchases of silver bullion. The latter I do not regard as important, except to dissipate the fears of the capitalist. Very truly yours. “John Sherman.”