Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1885-03-01
Cleveland Opposed to the
Coinage Of Silver.
he TIMES IT BEST TO CONTINUE
The USE or GOLD COIN.
A Horrible Murder Of a Woman IN
Union County, Ky.
HENDRICKS HOLDS An INFORMAL RfcEP'
TON IN WASHINGTON.
prssidsut-Eleet Cleveland Starts for Wash
ingtoa Next Tuesday.


ALBANY, Feb. 2s.-The following Is the
reply addressed BY Cleveland to the no
| silver coinage advocates in Congress:
To Hon. J. A. Warner and Other Mem
| hers of the Forty-eighth Congress-Gen-
| tlemeu: A letter which l have mad me
| honor to receive from you involves .
| indeed obiiges me TO give expression 10
| acme grave public necessities, although ID
advance OF the moment when they
be objects of my oficial care and partial
responsibility. Your solicitude mat my
iudemen, shall have been carefully and
deliberately formed is entirely just, and l
accept the suggestion in the same friendis
spirit in which il has been made. III
also fully justified BY the nature OF the
financial crisis, which, under the opera
zion OF the Act Of Congress of February
%, 1878, is now close at hand. By CON-
pliance with the requirements OF that law
all the vaults OF the Federal Treasury
have been and are heaped full OF silver
coins, which are now worth less
than IS per cen Of the gold
dollar prescribed as the unit Of value. 10
section IA of the Act Of Feb. IL, 1878. and
which, with silver certificates representing
such coin, are receivable for all pubic
dues, being thus receivable while the CON
stantly increasing quantity at the rate Oh
SIS, O00, 900 a year, it has followed, OF neoes-
sity, that the how Of gold into the Treas
ury has steadily diminished, silver and
silver certificates have displaced and are
now displacing gold, and the sum OF gold,
in the Federal Treasury now available for
payment of the gold obligations Of the
United States and for redemption OF United
States notes called greenbacks, if not al
ready encroached upon, Is seriously near
such encroachment. These are facts,
which. if they do not admit of q difference
Of opinion, call for no argument. They
have been forewarned to Us in the official
reports Of every Secretary Of the Treasury
from 1878 till now. They are plainly at
firmed in the last December report OF the
present Secretary Of the Treasury TO the
Speaker OF the present House of Represen-
tatives. They appear in the official
documents Of this Congress, and in
the records of the New York Clearing
house, Of which the Treasury is 9
member. and through which q bulk OF
the receipts and payments Of the Govern
ment and the country pass. These being
facts. our present condition, our danger
and our duty to avert that danger would
seem TO be plain. / hope you concur with
me and with the great majority of our fel.
low citizens in deeming it most desirable
at the present ~juncture to maintain and
continue in use the mass of gold coin az
well as the mass Of silver already coined.
This Is possible BY the present suspension
nf thu nnpehaaa and aOtnana ~ ottuar II
am not aware that by any other method II
is possible. 1t was Of momentous impor.
lance to prevent the W metals parting
company, to prevent increasing the dis
placement Of gold by increasing the coin
age OF silver, TO prevent the disuse Of gold
in the Custom-houses Of the United States
and in daily business Of the people, and
to prevent the ultimate expulsion OF gold
By silver. Such . financial crisis as thest
events would p~rscipitate, we're it now
to follow upon so long a period of CONNER
cal depression, would involve the people
OF every city and every State in the Union
in 9 prolonged and disastrous trouble
The revival OF business enterprise and
prosperity SO srdently desired and appar
rently so near, would be hopelessly post
poned. Gold would be withdrawn to iii
boarding places and ar unprecedented con.
traction in the actual value Of our cur
rency would speedily take place. The sad
dest OF all, in every workshop, mill, factory
and store, and on every railroad and farm
the wages Of labor, already depressed
would suffer a still further depression by
the scaling down Of the purchasing power
OF every so-called dollar paid into tn,
hands OF toll from these impending calam
ities. II Is surely the most patriotic anc
grateful duty Of the representatives Of ths
people to deliver them. / am, gentlemen
Win sincere respect, your fellow citizen,
GROVER CLEVELAND.