The record-union., 1893-07-01
EXECUTIVE MANSION,

EXECUTIVE MANSION,
WASHINGTON, June 30, 1898.
WHEREAS, The distrust and apprehen-
sion concerning the financial situation
which had pervaded all business circles
has already caused great loss and damage
TO our people, and threatens to cripple
our merchants. stop the wheels of manu-
facture, bring distress and prIvation to
our farmers and withhold from our
workingmen the wages of labor; and
whereas, the present perilous condition
IS largely due to the financial policy
which the executive branch of the Gov
.ernment finds embodied i'll unwise laws,
which must be executed until repealed
by Congress;
Now, therefore, 1, Grover Cleveland
President of the United States, in per-
1ormance of my constitutional duty, do
by this proclamation declare that the ex-
traordinary occasion requires the con
Vening Of both houses of Congress of the
United States at the Capitol in the city of
Washington on the 7th day of August
next, at u o'clock noon, to the end that
the people may be relieved through legis-
lation from the present and impending
danger and distress.
All those entitled to act as members of
the fitty-third Congress are required to
take notice of this proclamation, and at
tend at the time ana place above stated.
Given under my hand and the seal of
the L nited States, at the city of Washing
ton, on the thirtieth day of June, in the
year of our Lord, one thousand eight
hundred and ninety-three. and of indie
pendence of the United States one hun
dred and seventeenth.
GROVER CLEVELAND.
The determination to call an extra ses-
sion the first week in August instead of
the first week in September, it is under
stood, was only definitely arrived at at
This mornings Cabinet session, after Civ
ing full weight to the numerous tele-
grams received from all parts of the
country urging this course. and the con-
sideration which caused the President to
change his mind was foreshadowed in a
remark made by one of his Cabinet off,
GERS two days ago, that if the President
received reasonable assurances that there
WAS likelihood of the prompt repeal of
the so-called sherman purchase law he
might be disposed to call Congress to-
gether earlier than he had announced. 1t
is inferred from the fact that the Presi-
dent has done so that he considers he has
obtained the assurances desired.
Most of the Cabinet have followed the
Presidents example and left the city, or
are leaving the city for brief vacations.
Those who remain say the Presidents
proclamation speaks for itself, and de-
cline to discuss the situation further.
THE CALL MEETS WITH APPROVAL.
WASHINGTON, June 30.-There seems
every reason to believe that all specula-
tions as to the time of the meeting of
Congress INDUCED in prior to l P. NJ. to-
day were guesses pure and simple. It
was almost conclusively established that
the calling of the August session was not
even determined upon until after mid
day to-day, and consequently could not
have been communicated to any person
in confidence or otherwise days in ad-
vance. The plain facts appear to be the
disturbances of values arising from un-
certainties ofthe situation are so alarming
that Mr.. Cleveland was at last compelled
TO acknowledge the unexpected contin-
gencies necessitating an earlier meeting
of Congress which he spoke of in his
celebrated interview of June 5th. The
action of the British Government in
India brought matters 20 crisis. Pre-
vious to that startling event Cleveland
manifested a firm determination to ad-
here to the plan of calling Congress in
September.
When to-day he found kilograms on
his table not only from Eastern and Mid
lle States, but also from the South, and
oven from some of the silver States urg-
ing that Congress be called together at
the earliest day possible, to end the un-
certainty, he determined to delay no
longer. Even in taking this action, the
President took steps, as far as he could,
10 prevent its being known before the
Stock Exchange closed, so as to avoid
any appearance Of exercising undue in
1lueuce on the stock market.
The effect of the announcement upou
the Senators and Representatives in the
city was very marked. The proclama-
ton, its effects, and probable result in the
action of the coming Congress, was the
leading topic Of conversation in the hotel
lobbies tonight.
The action OF the President, it is appar-
ent. meets with the commendation and
approval of most of the members and
politicians now in the city, and the opin-
ion is almost general that the Sherman
Act will be repealed. This proposition is
not refuted, probably for the reason that
the free silver men, who Will conduct the
fight against the repeal, have very few
members now in the city. The free sill
yer men, however, will oppose any at
tsmpt to repeal the sherman law with all
their strength. The fact that mines in
the West have been closed will be utilized
as weapon with which to force any
wavering member in their ranks back to
the fold.
SURPRISE IN FINANCIAL CIRCLES.
New York, June 30.-President Cleve-
lands action in calling an extra session
of Congress for August 9TH, was de-
cidedly a surprise in financial circles. At
first the report was not credited, for the
reason that ever since the crisis in silver
and the money markets there had been
almost hourly rumors about an extra
session. When finally the bankers and
stock operators We're convinced, there
was a decided feeling of relief, and the
concensus of opinion was tendency that