Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1885-12-09
CLgVRLAND'S MESSAGE.
1T IL A VERY PLAIN AND UNAS.
SUNlNG DOCUMENT.

the Costinued Coinage Of Silver, tst
ID "S.lid" % the Mormon Qnestlsa
Death Of Z Two.Hundred million.
aire.
Special to the woop RIVER rnrsl
OMAHA, December 9, 1885.
The Presidents message was sent
to Congress yesterday, but too late for
your use.
Inasmuch as YOU are most inter.
csted in the silver question, l send you
the Presidents views on this subject
first. His Excellency takes positive
grounds against the continued COIN
age Of silver, and emphatically recon
mends the repeal Of the Bland law.
In order to defend and strengthen
his position. the President states that
up to the present time, notwithstand.
ing the most strenuous Efforts Of the
bi.metallists, only about 0,OOO, 900
of silver coin is in circulation, of the
$2l5,0O0,O 900 coined-leaving 1885,.
100000 still in tho United States
Treasury or in the hands of the
Government officials, necessitating
enormous expense in constructing aud
maintaining strong aud large vaults
for its secure keeping and prolonged
deposit. Against the latter amount
o: silver coin there are only about
$93, 100000 Of outstanding silver Ger
ti6cates.
Every month about 100000 Of
the gold coin in the United States
Treasury and sub. treasures has to DO
paid out in exchange for two million
silver dollars, according to law, which
are regularly added to the idle mass
Of silver already accumulated. If this
is continued long enough it will result
in substituting silver for all
The gold that the Government owns.
1t will not do to rely upon the customs
receipts of the government to make
good this decline Of gold because the
silver 1hus coined can easily be made
a leYal.tender for all debts and dues
Public and private boarding of gole
has already begun, and ~hen the time
comes when gold shall disappear from
circulation then there will be marked
T and plainly apparent difference be
tween the real value OF silver an,
gold dollars and the two coins viii
part company. Gold will still
remain the standard of value and
necessarily, our dealings with fol
I eign countries will compel US to pro
cure it, no matter at what premium
over silver; the banks which will hav
, received gold for deposits from thel
customers will pay them in deprecis
ted silver bought with such gold
, thus realizing a handsome profit, tn
). laboring men and women, who al
f most defenselcss of all, will find thu
: the dollar received in wages fer the
hard toll has sadly shrunk in pu
J, chasing power.
Mr.. Cleveland quotes Daniel Wei
r ster ut some length to sustain b
t views, aud claims thst II the coinae
5 Of silver be continued we may reason
. ably expect gold and its equivalent
abandon the field of circulation
silver alone. This must, of cours
produce = severe contraction OF o.
n circulating medium, instead Of addiu
: to it.
u He refers to the proceedings at Il
- recent monetary conference Of Il
powers OF the Latin Union and dra,
the CO Inclusion ,herefrom that it Il
IS vital parts Of the silver coinage act
main in operation u"rep called in IL
,. country, we will f"d ourselves wit
out single powerful ally or fricr
and be compelled to battle in the fie
with silver in the illogical and losi'