The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-04-09
LIGHT ON FINANCIAL PROBLEM
Our Old Tanker is rerpi-xed I'M, 10 IA.
static Over u Letter from Ssroyer <Iexeinra


Our Old Tanker is Perpi-xed, In, 10 r.
static Over Letter from Grover Cleveland,
NEW HAVEN. Ap'il u You probably remem.
| Dor that my lat letter cams to an abrupt end
because i got very tired lust after relating
some arguments made by \ wild and woody
silver man which, to his disordered mind.
| showed that oie god dollar bong always
worth another gold dollar did not prove that
gold hal II fixed value. After my opponent
| han stated In various ways that II was a uni.
W. "a! truth that ono thing. vt the same time
anu place was always worth another thing
precisely like I'LL confess was very much
| perrlexc1. saw no way to evade the a,eu-
| inebt AMI also saw that If conceded its
cotrec'neS many OF my previous ioeis wei.
badly undermined
ltoid the silver man that | hal never before
| Thought 81 the matter in that light. "Ah" said
ne. y"" have ncvrr really thought ~ It at all,
but have lin lIy accepted what YOU have been
told" This unklnd rctort vexed me, and then
| asked If he did not concctle that the minority
| OF those who ought t, know most about this
matter. - wit. the bankers. thought gold had
| liked value. because one gold dollar was
always worth another I'D dollag.
Weli' says he. suppose that Is true
Does that provo their belief correct? Com.
pared with the whole period Of human exist.
cnce. is but as yesterday since the belief that
the earth stands still md the sun moves every
day from east to west WAS universal. No
one doubted. because it looked 40 on avery
clear day. But about p75 vcnrs 400 , man
stood up and said; The world movps and tha
sun stands stil Whernuron tho hiuh dpni.
tares Of the Ia nd thought him dishono.t. and
| they said: Stop TINT tulse and wicked taIL
II you do not we will tic YOU IN Ia n most .nd
roast YOU
This gentle insinunton convinced Go,,,oo
that his opinions needed rcviston befora fnr.
ther publication. But tho earth kent IN
motion. and, after p long time. avery In.
| telligent per son learned that the he,ef which
had not been questioned Tor thousands O,
years had always been false. But IL ia inst "a
specifically true and delusIve as the kindred
notion that gold does not change in yulue
when tho demand for it is increased or dimin
| ished No no my venerable brother, wa
should not believe things simply because the
multitude believes them"
"Yes."IreplIed, the belief OF the m u,t,,,ds,
should not DO regarded But when colossal
intellect like Grover Cleveland tells us gold
mas hSeu Nh!ue. is IL not the part OF wisdom
70 accept the dictum OF so great mind'"
Thereupon this irreverent silver man looked
disousted md arc,.;mod. "Ob ot,r, On
,, anu exclaimed: oh' stun! Cleve-
land IS utterly and profoundly ignorant OF
twentv ve,rs hava ,no n" oo,s.a nv. "oous
." "en.iu 800 nave oeeh constantly ana
that would cast additional li1ht on tho monsx
question. About yeur AGO had the cnrios .
ity to write Grover Cleveland a I letter. In i'll
stated that I favored stnble currency, and
had read his financial utterances with rr rt
ascertain precisely what the conclusive dem NJ
onstrstion was which proved that gold had a
fixed value also said that from the positive
manner in which his convictions had been
II he chose. and therefore begged him to do So
'' o.M Is ' ts', .e.'e a,,,u, .,o ,o.. -
~, 'e',o" 'n'@en' yours Vi '"e AWn inst
traenbla evidence that Son sra ona -, .h
select number Of patriotic. self. sscriaons Cit s
liens who have sincere interest in the vel.
fare and preservation Of our institutions. and
tase be not ,, betrayed by those too n%merous
stitute an Irresistible tsmptst!on 70 make
eptSss ana e sPos 81 place
sn aGprssSiatiys na6iis sought I'M. r. oSt ssd
Of good and have 20
tSSScu dhu nppulcu W lilo ui6kulLuu0 buu
solemnity Of the trust imposed upon me- A.
we'll as by tho Imminent danger that, II my
Pile were even momentarily relaxed. serious
and irreparIble evils to ny countrymen you'd
from investigating the minor features OF the
rortentious problems which l have provi-
dentialIy been permitted to guide ~ proper
These circumstances In conjunction with the
normal trend OF my Intellectual processes:
have evolved broad generalities instead OF
technical details
But l have a confidential friend who 10 q
complete master OF all the subsidiary Incl:
dents reAattng to finance. he ts at the head OK
one Of, our leading financial institutions. and
fully shares with me constant anxiety and Rp-
prehension lest some Unconstitutional en-
croachmept on vested rights be made which,
would debaso and initiate the currency. and