The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-08-09

OF power of the government In the premises.
lhe very existence OF this apprehension ana
menace which ought not for a moment
10 be dlsregnrded. Possibly II the un-
oertaklng we have ir hand we're the
maintenance OF q specific known quantity Of
silver az parity with gold, our ability TO do
80 might be estimat ed and gauged and perhans
IN view OF our unparalleled growth
and resources, might be favor
ably passed upon. But when our avowed
endeavor is to maintain such parity In regard
to an amount OF silver increasing at the rate
OF nity millions Of dollars yearly, with no
h&ed termination to such Increase tt can
hardly be said that problem is presented
whose solution Is free from doubt.
The people OF the United States are enti-
tied to sound and stable currency ana to
money recognized as such on every exchange
ana In every market Of the world. Their
government has no right to iniure them by
financial experiments opposed to the policy
ana practice of other civilized states, nor
ls IT justified in permitting an exaggerated
and unreasonable reliance on our national
strength and ability to leopardiZe the sound
ness Of the peoples money
ABOVE POLITICS.
This matter rises above the plane OF party
politics. II vitally concerns every business
and calling and enters every household ia the
land. There is one important aspect of the
subject which especially should never be
overlooked. At times like the present when
the evils OF unsound finance threaten us, the
speculator may anticipate harvest gathered
from the misfortune OF others, the capitalist
may protect himself by boarding or may
even Ind profit in the fluctuation OF val
ues; but the wage-earner, the first TO be
injured by deprecated currency and the
last TO receive the benefit OF its correction Is
practically defenseless. He relies for work
upon the ventures OF confident and contented
capital. This failing him, his condition
Is WIthout aIleYiauon' Tor ne can
others nor hoard his labor. One
Of the greatest statesmen our country
has known. speaking more than nifty years
ago when d derangementof the currency had
caused commercial distress, said: 1.-The very
man OF all others who has the deepest inter
est in sound currency aud who suffers most
by mtschievous legislation in money matters,
IS the man who earns his daily bread by his
daily toll"
These words are as pertinent now as on the
day they were uttered, and ought to impress
siyoly remind us that failure In the dis
charge OF our duty ut this time must espe-
cially inlure those of our cOuntrymen who Ia
Dor and who, because Of their number and
condition, are entitled TO the most wntchfHl
care of their government.
THERE SHOULD BE NO DELAY.
II is OF the utmost importance that such
relief as congress can afford in the existing
situation be afforded at once. The maxim,
He gives twice who gives quickly is di-
rectly applicable. 1t may be true TINT the
emhurrassments from which the business
OF the country Is suffering arise as much from
evils apprehended rs from those actually ex-
isting. We may hope too, that calm counsels
Will prevail and that neither the capitalists
nor the wage -carner5 will give way TO un-
reasoning panic and sacrifice their property
or their interests under the influence of exag-
gerated fears. Nevertheless, every day s delay
In removing one OF the plain and principal
causes OF the present state Of things enlarges
the mischief already done and increases
the responsibility OF the government for
its existence Whatever else the people
have a right to expect from congress
they may certainly demand that Legislation
condemned by the ordeal Of three years disas
| trous experience shall be removed from the
! books as soon as their representatives can
! legitimately deal with it.
! 1t was my purpose TO summon congress ir
! special session early In the coming Septem
| Der that we might enter promptly upon tho
! work of tariff reform which the true interests
| Of the country clearly demand
| which so large a majority OF the
! people as shown by their sufrages desire and
expect, and to the accomplishment of which
every effort of the present administration is
pledged. But while tarin reform has lost moth
ing of It's immediate and permanent irnpor
tance, and must In the near future, engage the
attention Of congress, IL has seemed to me that
the financial condition of the country should
at once, and before all other subjects, be con
sldCred by your honorable body,
/ earnestly recommend tho prompt repeal
Of the provisions Of the act passed July IA
1890 authorizing the purchase OF silver bullion
and that other Legislative action may put be-
yOnd all douOt or mistake the intention and
the ability OF the government 30 fuinl its
pecuntary obligations in money universally
recognized by all civilized countries.
GROVER CLEVELAND.
Executive Mansion, Aug. z, 1898