Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1885-03-05
CLEARLY DEFINED.

Mr.. Cleveland, In Replying to the siivsr
Coinage Advocates, Defines His Position
On the Question, Favoring q Suspention OF
the Coinage of Standard Dollars.
ALBANY, N. Y, February 23.-The fol.
lowing is the reply of President-elect
| Cleveland to the silver coinage advocates
| in Congress:
ALBANY, n. Y, February "a, 1855.
| To Hon. H. j. Farmer and others members OF
the Forty Eighth Congress:
GESTLEMEN-The letter which I have had
indeed, obliges me to give expression to
| some grave public necessities, although IN
advance of the moment when they would
and partial responsibility. Your solicit
tude that my |ndgnent shall have :, ent been
ly just; and accept the suggestion in the
same friendly spirit in which 1t has been
made 1t is also fully 1ustihed by the n, nature VI,
GRAFTON of the act of Congress OF February
18th, ISIS, is now close at hand. By COM
ali the vaults of the Federal Treasury have
been, and are heaped full of silver coins.
Which b.1 v are Der cen of he Gold doilar
scribed as the cunt of value in sec ion IA
of the act OF February tn, 1873; and wh1ch,
coin are re eivabIe for all ruoIic dues. Be-
in thus re eivab e, while also constantly in, IN,
h n we'd as the of aee os Eat
the How OF gold nto the Treasury
has been steadily diminished. Silver. and
now dsplacing gold; and the sum of gold in
the f. deral Treasury now available for the
payment of the gold obligations of the United
states and for the redemption of the United
States notes, called "Greenbacks," If not al
ready encroached upon, is perilously near
as they do not admit of difference OF
opinion, call for no argument.
They have been forwarned to us in
the official of Secretary of the
Treasury from 1873 till now. They are plain
ly affirmed in the last December report of the
Secretary of the Treasury to the Speaker OF
the present House of Representatives. They
appear in the official documents OF this Con-
gress and in the records of thu New York
member, and through which thu. bulk OF the
receipts and payments of the Federal Gov
eminent and or the country pass.
These being the facts of our present G ondi-
ton, our danger and our duty to avert that
danger would seem to be plain. hope that
jorty of our fellow citizens in deeniing it
most desirable, at the present juncture, to
maintain and continue in use the mass of
our gold CON- we'll as the mass of silver
already coined. THIS is possible by pres
ent suspension of the purchase and coinage
of silver. 1 am not aware that by any other
method it is possible.
1t is of IN ,mentous impol tan to prevent
the two metals from partas company; 10
prevent me increasing displac tment o. gold
b. III. lncreasin" coinage OF silver: to pre-
houses hons 30. OF the INT Stats and in the ia "
business of the people, to prevent the ul-
ae q t eet EVEN Ss ssV would eer
tainiy pre- eipta;e, were it now to fol
low upon so long period o. commercial
depression would involve the people of ev-
cry city and every State in the Union in pro-
longed and disastrous trouble. The revival
of business enterprise and prosperity. so
ardently desired, and apparently near,
would lie hopelessiy postponed.
Gold would be withdrawn to
Its boarding places, and an
Unprecedented contraction in the actual
volume of our currency would speedily take
place, and, saddest of all. in every work
shop, mill, factory, store, and on every rail
road and farm, the wages of laborers,
already depressed, would suffer still further
depression by a scaling down OF the pur
chasing power of every So called dollar paid
into the hand of toll. From these impending
calaInities it is surely most patriotic and
grateful duty of the representatives of the
people to deliver them.
l am, gentlemen, with sincere respect,
your fellow citizen,
GROVER CLEVELAND.