Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-02-05
SEES PANIC IN SILVER
CLEVELAND EXPRESSES VIEWS
ON THE SUBJECT.
Regards Repeal Of the Sherman Purchase Act
as Of Paramount importance 10 National
Safely An Extra Session.

New York. Feb. 4-"'Thc repeal Of thc |
Sherman law is the great necessity of |
the hour said Prcsidcnt.clcct Cleveland !
to q press representative.
while / am naturally nversc TO being
interviewed Mr. Cleveland continued.
"my conviction ON this subject rs $50 deep
and my feelings concerning II are go
strong that am willing YOU ShOulu
quote what say Possibly this direct
and authorized expression from me viii
encourage our Republican friends iu
congress 10 stand out against repeal,
question aud should he considered from
the standpoint of the common good aud
not from that of party advantage. Con-
tiuuOncc of the silver purchasing uprra-
lions made mandatory 10y the sherman
law, Is a menace To the business and
financial interests OF the country. / am
not yet without hope that this law viii
be- repealed 10y the present congress.
Whatever influence 1 lave is being exert
ed To- that end. The date ut which the
repeal should hccumc operative is iIu-
material. save that the sooner the better
] ana not yet ready TO express au opinion
as to what should be done in cu~c
the present congress fails tu repeal the
sherman law. ] ann unwilling TO believe
slhility of party advantage VIII he per-
mit,gl TO prevent REPEAL during the term
| of this congress.
"Wlu lul ro tu Washington nest
4 month. A,r. Cleveland" the representative
/ suggested, you viii find many questions
/ of srout public Importance confronting
/ yuu
"lt Is not the largo questions that 4
! am afraid OF replied Mr. Cleveland,
"hUt the multitude Ut suull questions
! which viii Boz VudwiyhDd Zoo between
/ thnul With the assistance of ihr hest
| men in public lilc 30 viii not bee sI very
| difficult to determine the wispst course
| 10 be pursued concerning the important
| matters. The trouble Is that many mon
who could give valuable assistance per-
sst In dcyOting their energies and iu
| asking me 10 devote mine 20 matters
| which in comparison are trivial. There
! are for instance, men who eyiuCo more
interest 90 the filling OF petty offices than
In saving the country from the menace Of
the Sherman law
SIZES A PANIC AHEAD.
To his Immediate friends MIR Clcve
land has expressed himself iu even strou
ger fashion lie believes continuance uI
the silver purchases required los tht
sherman law viii drive the country int,
danger of panic. lie calls attention G,
the outward dow of gold, 90 the sale oI
American securities abroad and the pur
chase of gold with the proceeds. and Q,
the boarding of gold In this country
which indicates that fear of the parity
between the two metals will not be main
tanned aud that gold may go To- u pre-
MUM. la Mr. Clcyrnud's opinion thi'
would bc a public calamity.
The prcsideut-eloct is just now givul
more consideration TO the silver question
than 10 the composition of his cabinet
a.. ia. al
iu his power 10 secure repeal of ilt
sherman law With characteristic conc
age and vEOr, he has sought TO rOus
members of congress Ui both parties
aud particularly those of his own faith
tu a realization of their duty Ia thci
country Ia this emergency He has byu
a letter TO Speaker Crisp which IN al
: probability secure pns7nge Of repeal ID
the house nt representative Mr. Glove
land had been appealed to 10y many mem
, brs of the house and others to throw th
weight of his influence against the DO
election of the speaker. On The nthe
! | hand Speaker Crisp has, Ia am Interview
! with the prpsidcnt-elcct promised co.oI
: Grafton in the public policies OF the ncN
( | administration. Nj. Cleveland mas dt
cidcd neither 10 favor nor the election o
| MIR Crisp. nor has lac given any plcdg,
direct or indirect, IN either direction
] | Tho willingness and the ability Of th
sneaker To- carry repcnl mcasur
= through the house rs to hc the fret le-
, of Mr. Crsp's sincerity and Leadership
j III he meets the expectation of the pres
I, dent-elect la thls probably 70 VIII attel
Z ward be useless for Mr. Crisp's cuemio
10 psk Mr. Cleveland tu oppose th
ueaker's election Mr. Cleveland gof
further than ibis II the present cor
!, grcss shall fail 10 repeal the Shermo
J law he will call q spr,iul session OF Oh
, new congress soon nitpr his inauguration
, lie could hardly do otherwise, bclieNln
~ ms he does that the Sherman law mel
aces the prosperity of the country
he made such great efforts 60 induce IN
congress to effect repeal ana, tuiliu
tborp. permitted tlir whole matter
y go over for eight or ten months, he mlRi
y be- accused of Inconsistency
p should the extraordinary session
congress hc thus brought about the e.
foot will be lust so much delay In NJ
l- busincss of filling the public offices vii
's deruocrats. for Mr. Cleveland appeu
u to he determined 10 settle the SILVER que
n linn so far az II can be settled by n
ne rsneal of the Sherman law. before "a
~ ng mn seriously The public pairunng
u 4, no event Of special session
ll ,vul probably find II necr3sprY % der
ne cnnsilerption of an the most impounI
'r ,,y.rutiyc and diplomatic appointment
p Hu after the conclusion ol lhe snhio
le fclf. might cause some complaint 40
pc friction but Mr.. Cleveland d. resolg
le on Ihp point that his first duty is 10 u
l- country and the protection OF LIS INT,
u csts from harm