The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1893-08-19


fee those which they already have.
u does not meet the situation TO say thatap.
prehcnson In the near future Of our finances 10
groundlcss und that there is no reason for lock
OF confidence In the purposes or power Of the
government in the premises. Tho very existence
Of this apprehension and lack OF confidence,
however caused, Is q menace which ought not
for moment be disregardcd. Possibly II the
undertaking we have In hand, were the main.
tcnance Of u specific known quality OF silver at
parity with gold, our ability to do go might
be estimated and gagged, and, perhaps In view
OF our unparalleled growth and resources. might
be tavorably passed upor.
But when our avowcd cndeavor is to maintain
such parity in regard to an amount O. silver in.
creasing ut the rate OF 600 yearly, with
no fxed termination to such increase, 1t can
hardly be said that o problem Is presented
whose solution is free from doubt.
The people Of the United States orc entitled
to q sound and stable currency, and to money
recognized as such on every exchange and In
every market Of the world Their government
has no right TO injure them by financial expert.
ments opposed to the policy and practice Of
other civilized states, nor is II justified in per.
mitting an exaggerated and unreasonable re-
lance our national strength and ability to
jcopardizc the soundncss OF the peoples money.
This ma tier rises above the plane of party
politics. 1t vitality concerns every business
and calling, and enters every household in the
subject which especially should never be over
looked
At times like the present, when the evils Of
unsound finance threaten us, the speculator
may anticipate u harvest gathered from tho
misfortunes of others. tho capitalist may pro.
tect himself by boarding, or may even profit by
the nuctuatioN of values but the wage.carner--
the first to be injured by o deprecated cur
rency and the last to receive the benefit Of Ito
correction-is practically dcfcnscless. He re.
lies for work upon the ventures OF confident
and contented capital.
This failing him, his condition Is without al.
leviaton for he can neither prey on the msfor-
tunes of others nor hoard his labor One of tho
greatest statesmen our country has known,
speaking more than fifty years ngo, when n de-
rangement of the currency had caused CONNER
cial distress, said: "The very man OF oil others
who has the deepest interest in n sound our.
rency, and who suffers most by mischievous
legislation in money matters, is the man who
earns his daily bread by his day toll"
These words are as pertinent now rs on the
day they were uttered and ought to impressive.
ly remind us that failure in the discharge Of
our duty at this time must especially injuro
those OF our countrymen who labor, and who,
because OF their number and condition, are en-.
titled to the most watchful care of their govern.
ment.
1t is of the utmost Importance that such re.
lief as congress cdn afford in their existing sit
gives twice who gives quickly" is directly ap-
plicable. 1t may be true that the embarrass.
| ments from which the business OF the country
is suffering arises as much from evils appre.
hended as from those actually existing
We may hope, too, that cain counsels will
prevail, that neither the capitalists nor the
wage.earners will give way TO unrcasoning
panic and sacritce their property or their in
terests under the influence OF exaggerated
fears. Nevertheless every days delay in re.
moving one Of the plain and principal causes OF
the present state nf things enlarges the mis-.
chief already done. and increases the responst.
biltty Of the government for its existence.
Whatever else peopleha o right to expect
from congress they may certainly demand that
legislation condemned by the ordeal OF three
years disastrous experience shall be removed
from the statute books as soon as their repre-
sentatives can legitimately deal with It.
TARIFF REFORM.
1t was my purpose to summon congress in
special session early in the coming September
that we might enter promptly upon the work OF
:srin reform, which the true interests OF the
country clearly demand, which so large u rua.
jority Of the people as shown by their suffrages,
desire and expect, and to the accomplishment
OF which every effort OF the present admins.
tration is pledged.
immediate and permanent Importance. and
must in the near future engage the attention OF
congress, 1t has seemed to me that the financial
condition of the country should at once, and be-
fore all other subjects, he considered by your
| honorable body.
earnestly recommend the prompt repeal o
the provisions OF the act OF July ii, ls9), author
| izing the purchase OF silver bullion, and tina
| other legislative action may put beyond al
| doubt or mistake the intention and the ability
| OF the government to fulfll it's pecuninry obli
| cations in money universally recognized by al
| civilized countries GROVER CLEVELAND.
Executive mansion. August 2, 1893