The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1885-03-05

vaults IN NE Federal Treasury have been and
ere h<aosd lp1l - Silver colns which ere nov
worth lees than - per cent Of the Rold dollar
prescribed ~ the unit Of value IN section ~ Of
theaot Of Feb. II, 1s7s. and which. with silver
certificates representing such coin, srerecctvahlo
for all public dues~ bc1nv thus receivable. while
also constantly Increasing IN quantity 1t the rate
Of S2s.0oo.o0o per year. u has followed Of me-
ccss'ty that the flow OF gold int the Treasury
has been steadily diminishing. Silver and sill
yer certificates have displaced and are now dis
placing sold. and the sum of gold in the Fed
ersl Treasury now available for the payment
of the gold Obligation OF the United States and
for tho redemption Of United States notes called
-greenback.- II not already encroached upon.
II periIously near such enoroschment. These
are facts which, as they do not admit Of differ
ence Of opinion, call for NO argument They
have been forewsrned TO us in tho oficiAl
reports of every Secretary of tho Treasury
from 1879 till now. They are plsinly AZ
firmod In the last December report of the
present Secretary of the Treasury TO the
Speaker Of the present House Of Representa-
tives- They appear In the Official documents Of
this Congress. and In the records Of the New
York Clearing House, of which the Treasury
IL q member. and through which the bulk
OF receipts and payments Of the Federal
Government and tie country pass. These be-
ing the 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 great majority of our fellow citizens. In
deeming Il most desirable at the present
1uncture to maintain and continue In use the
mass Of our gold coin as well as the
mass OF silver already coined This
IL possible by the present suspension
OF the purchase and coinage OF silver.
am not aware that by any other method
IL Is possible. 1t is of momentous Importance
to prevent the two metals parting company.
TO prevent increasing displacement OF gold
by increasing the coinage Of silver. to pre-
vent the disuse Of gold in the custom houses
OF the United States In the daily business
OF the people, to prevent the ulu-
mate expulsion OF gold by silver. Such
financial crisis as these events would
certainly precipitate, were 1t now 70
follow upon so long period Of commercial de-
preston. would involve the people of every city
and every State in the Union In prolonged and
disastrous trouble. The revival OF businessen-
terprise and prosperity, so ardently desired and
apparently so near would be hopelessly post
poned Gold would be withdrawn to its hoard
ing places, and an unprecedented contractionin
the actual volume of our currency would speedily
take place The saddest of all, In every work.
shop, mill, factory, store, and on every railroad
and farm, the wages oflabor, already depressed.
would suffer still further depression by the seal
ing down of the purchasing power Of every So
called dollar paid into the hand of toll
From these impending calamities It is surely
the most patriotic and grateful duty OF the rep
resentatives Of the people to deliver them. I am,
gentlemen, with sincere respect, your fellow
citizen. GROVER CLEVELAND
Albany, Feb. "a.
The Michigan House has passed a
bill to renew the death penalty for murder in
the first degree. and a majority OF the Sem
ators are pledged to the measure.