Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1885-02-28
CLEVELAND'S REPLY.
The President Elect Answers the
Address of the Democrats on
the Silver Question.
He Advocates the Present Suspension
Of the Purchase and Coinage
Of Silver.

ALBAEY, N. Y. Feb. 2T.-Follow.
ing Is the reply addressed by Presl-
dent-elect Cleveland to the silver
coinage advocates in congress:
To tho Hon. A. ] warner and other mem.
beers OF the Forty. Ella nth Congress;
Gentlemen: Theletter which have
had the honor 10 receive from you in
vites, and indeed obliges me, to give
expression to some grave public ne.
cessities, although in advance Of the
moment when they would become
objects OF my official career and par
! tial responsibility. Your sollcitude
that my judgment shall have been
carefully and deliberately formed is
entirely Just, and accept the
| suggestion In the same friendly
spirit in which It has been made. II
is also fully justified by the peture OF
the financial CRISIS which under the
operation OF the act Of congress OF
February 2S, 1873, isnow close at hand.
BY compliance with the requirements
of that law all the vaults OF the fed
eral treasury have been and are hesped
full of silver coins, which are
now worth less than So per cent. Of
the gold dollar prescribed as a
"unit OF value" in section IA
of the act OF February 10, 1873, and
which with the silver certificates rep
resenting such coin are receiv-
able for all public dues. Being
thus receivable while also con-
stantly increasing in quantity
at the rate of $4,000 600 year, 1t
has followed of necessity that the low
OF gold into the treasury has been
"A. a. Al t,ta
certificates have displaced and are now
10 displaCing gold and the sum oil
gold In the treasury now available fol
the payment OF the gold obligations oil
3 the United States and for the REDEEM p
| ton OF United States notes, cal ed
| green bAcks,n Ii not al
ready encroAched upon, IL
probably near such encTOacnment
These facts, while they do not admit
e OF difference of opinion, call for NJ
i argument. They have been fore
Z warned to us in the official reports Of
: every secretary of the treas
: ury from 1878 until now
n They are plainly affirmed In the las
Q December report of the present secre
q tary to the speaker of the preeen
d house OF representatives. They appea
It in the official documents OF this con
is gress and In the record
OF the New York clearing house
It OF which the treasury is a membe
g and through which the bulk OF the re
ceipts and payments OF the fedora
n government and of the country pass
/, These being facts, our present cond
ton, our danger, and our dut
r to avert that danger would seem plaiI
II / hope you concur with me and wit
the great majority OF our fellow-clti
g zens In deeming it most deslTabl
T. at the present juncture to maiI
8, tain and continue in use the mas
IL OF our gold coin as well rs Ga
mAss of silver already coined. This 4
st possible by the present suspension q
4. the purchase and coinage Of silver.
n nm not aware that by an
W other metl cd II is possibl
I'd IL Is of momentous important
p. TO prevent the two metals partin
g. company, 10 prevent the inereAsin
IA displacement OF gold by the increaeiu
4, coinage OF silver, to prevent IL
A. disuse OF gold In the custom
I'd houses OF the United States In Il
RI. daily business OF the people toprevel
re the ultimate expulsion OF gold by 81
se yer. III a financial crisis auch as the
mt events would certainly prec
ed plate were now TO folio
upon 80 long q period OF commerce
TX depression, II would involve the pc
py pie Of every city and every state In Il
tie Union in prolonged and disastroi
W. trouble. The revival OF business e
at terprise and the prosperity 30 ardent
.te desired and apparently
he near, would be hOpelessly pos
lily poned. Gold would be withdraw
to It's boarding place and an unpreC
To- dented contraction in the actual VI
ay ume OF currency would speedily tai
ce- place. Baddest Of all, In every wor
ic. shop, mill. factory, store, and on eve
th railroad and farm, the wages OF labC
already depressed, would suffer st
nd further depression by scaling down
es- the purchasing power otevery SOL call
dollar paid into the haI
OF toll. From these impen
ing calamitles It Ia surely h
most patriotic and grateful duty OF d
81 representatives OF the people to d
liver them. L am, gentlemen, wi
sincere respect, your fellnw-eltizen,
at GRovEB CLRvELA Nd.
70 ALBANY. n Y Feb % 1895