Southwest-sentinel. [volume] (Silver City, N.M.) 1883-189?, 1893-08-15

government cannot make n4 nnt eQuiYa-
lent 20 Intrinsic value nor keep en- iniotiof
money on q parity Win superior money qI
such lack Of c5undenco at hylne IN the atollity
Of currency vulues that capital rcfutcs ie qid
% new enterprises while mllliQna arc actually
Withdrawn from the channels Of tradoond com
marce to he idle aud uuproductiYc IN ne hands
Of ownera Foreign investors equally aiiett
ties. but make haste 10 saCri0co those which
they already have. Ud0cs not meet the tituahQn
90 say that the apprehension 40 regard % thq
future Of our finances Is E~roundless and net
there Is no reason for lack Of confidence in tho
purposes or power Of the government N tho
Ronaion and lack of confidence however
caused, IS a fnenac3 which ought not for a mo-
mcnt 70 be disrcgardeds Possibly II the un-
dertahiuq We have IN hand were the main
tenanco % q specific quantity OF silver, AZ .
parity with gold our ability 20 90 20 might be
Estimated and sagged: and psThhaPd
Growth and resources might be isvorabiy
passed upon; but whom Our avoWed cnQeavor
y to maintain such parity n regard 70 an
amount Of silver increasing at the rate OF
Fifty millions o. Dollars Yearly,
with no fixed termination to such increase, y
can hardly be said that a problem "a presented
whose solution ig free from doubt. Tho
people Of the United States are entitled TO a
sound and stable currency and 20 money REQ
ornizod as such on every exchange andin every
market Of the world. Their governments has no
right to inlure them BY financial expert
NNHlNN WUNNN|M 70 NMM NWAANN NV pm
tice oh other Civilized states nor
IL to DO justified in permitting an exaggerated
and unreasonable reliance on our national
strength and ability to ieopardize the sound
ness Of the peoples money. This matter rises
above the plane OF party politics. 1t concerns
every busiacss and calling and eaters every
house hold in the land. There IS one impor
ant aspect OF the subject which especially
should never be overlooked. AZ limos like
the present. when the evils OF unsound finance
threaten US the Spectator may anticipate Q
harvest gathered from the misfortune Of
others the capitalist may protect himself by
boarding or may even find q profit In the nuct-
uations Of value, but the
Wage Farmer Il First TO BE Iujured
by q deprecated currency and the last to re-
celve the benefit Of It's correction. He IS practt-
oally defenseless. 80 relies for work upon tho
ventures Of confident and c0utented capital.
This falling him, mis- condition Is without al
deviation, for he can neither prey on the mis-
fortunes Of others nor hoard his labor. one Of
the greatest statesmen our country has known,
speaking more than 30 year, ago, when The dc
rangement OF the currency had caused com.
mercial distress said. "1he very man Of all
Others sonH who c,, bias the 9o0pSs9Ss iR ag5st
the most by misehieyous legislation IN
money mQtters ts the man who earns his
daily bead BY his daily toll
These words are as pertinent now as on the day
they were uttered aud ought 70 impressiYely
remind Us that failure in the discharge OF our
duty al this time must especially niure those OF
Our Countrymen VINO Labor,
ana VINO. because OF knelE nuunef ana OoMul-
ton, ore entitled 20 the. most watchful care Of
our government. Il is Of the utmost importance
that such relief as congress can afford in the eX-
isting situation be afforded at once. Tho maxim
"He gives twice who gives quickly is di-
rectiy applicable. IL may be true that
embarrassments from which the business Of
the country Is suffering arise as much from
evils apprehended as from those actually ex-
istipg. We may hope, too, that calm %counsels
viii prevail. and that neither capitalists nor
panic ind sacrifice their property or their in
terests under the influence OF exaggerated
fears. Nevertheless, every days delay in re-
Of tho present state Of things enlarges tho
mischief already done, and increases
the responsibility OF the government for
its existence. Whatevor else the people have
a right to expect from congress they may
certainly demand that legislation condemned
by three years disastrous experience shall be
Removed From the Statute Book
as soon ms their representatives can legiti
mately deal with 10. 1t was my purpose to
summon congress in special session early in
the coming September, that we might enter
promptly upon tho work Of tartu reform, which
the true interest OF the country clearly de-
mands, and which 20 largo a majority OF tho
people, as shown by their SURFACES, desire and
expect and to the accomplishment
present administrators Is pledged; but
while tariff reform has lost nothing of It's Inn
mediate apd permanent Importance, and must
in the near future engage the attention OF con-
gress, IL has sfemed to me that the financial
condition Of the country shOnld at once, and
before al other subjects, be considered by your
honorable body.
IeGrneEtly recommends
The Prompt Repeal
OF the provisions Of the act passed July "a,
1890, authorizing the purchase Of silver bullion
and that other legislative action may
put beyond all doubt or mistake the
Intention and ability of the government to
fulhn its p~ecuniary obligations In O money uni
yersaly recognized by all civilized countries.
GROVER CLEVELAND.