The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1885-03-05
DECIDEDLY DEMOCRATIC
AL THESE POLITICAL ITEMS
Cleveland ON Silver Cornngc.

ALBANY, Fcb. 1.-THE following L.
the reply addressed by PresidenteIoct
Cleveland to the silver coinage advocate
In congress;
To the Hon. A. j. Warner and other mcm-
hers OF the fnrty-e ghth congress;
G.NrLt MEN; The letter which have
had the honor IN receive from YOU IN ]
yites, and indeed obiigrs me, To
give expression "a some very
grave public necessities, although
In advance OF tho moment when they
would become objects of my Official care
and partial responsibility. Your solicit
tude that NV Judgment shall have been
carefully and deliberately formed Is en-
tirely just, aud accept the suggestion
In tn same friendly spirit Ia which
Il has been made. II is also fully lusti-
fed by the nature OF the Imam
cisi crises, which, under. the opera
Of eapn February S the IS act ISIS OF S is SoS
close at hand. BY compliance with the
requirements OF that law all the vaults
OF the federal treasury have
been and are heaped full OF
silver coin, which are now worth
less tnan So per cent. OF the
gold dollar prescribed as the
aunit OF value" ia section II of the
act OF FEBRUARY II 1873, and which
with silver certificates representing
such coin are receivable for all public
dues. Being thus receivable, while also
constantly Increasing IN quantity at the
rate OF S4s,0U0,UOO year, II has followed,
OF necessity, that the dow
Of gold into the treasury
has been steadily diminished. silver
and silver certificates have displaced
and are now displaclng gold, and the
sum of gold in the treasury
now available tor the payment OF
gold obligition of the United States,
Tor the redemption of United Stases
notes, called "greeubackS," If not Al
ready encroached upon, is probably
near such eucroachment These
facts, while they do not admit
Of difference of opinion, call Tor
no argument. They have been fore
warned 10 US IN the oiliciaI reports OF
every secretary of the treasury from
1873 until now. They are plainly
affirmed in the last December report of
the present secretary TO the speaker
of the present house of repre-
sentatives. They appear in the otli-
cial documents OF this congress,
and in the records OF the New York
clearing house, of which the treasury is
amem6er and through which the bulk
of the receipts aud payments of the
federal government and the
country pass. These being the
facts of our present condition Of
danger, our duty to avert that danger
would seem plain. hope you
will concur with me and with the great
msjo.iiy OF our fellow citizens
in deeming it most desirable, at the
present juncture, to maintain and con-
tinue to use the mass of our
gold coin, as well as the
mass of silver already coined. THIS
is possible by the present suspension
of the purchase and coinage Of sill
that nv
any other method it is possible.
1t is of momentous Importance
TO prevent the two metals parting COM
pany; to prevent the increasing dis
placement OF gold by increasing tho
coinage of silver; to prevent the
disuse of gold in the custom house Of
the United States in the daily business
of the people, to prevent the ultimate
expulsion of gold 10y silver, which
q financial crisis, as these events would
certainly precipitate, were now to
follow upon SO long pc
Rod OF commercial depression,
would involve the people OF every
city and every state in the Union in pro-
loDged and disastrous trouble, and the
revival of business, enterprise and pros
perity so ardently desired and
appsre ltly 80 near would be
hopelessly postponed. Gold would be
Withdrawn 10 its boarding place and
actual volume of our currency
would speedily take place. The saddest
of all, in every, workshop, mill,
factory, store, and on every railroad
and farm the wages of labor, already
depressed, would suffer still further
depression by the scaling down
of the purchasing power of every
so-called dollar paid into the
hand of toll. From these impending
calamities it is surely a most patriotic
and grateful duty of the representative
of the people to deliver them.
am, gentlemen, with sincere respect,
your fello w-citiZen,
ISignedl GROVER CLEVELAND.
ALBANY, Feb. "a, 1885.