The state herald., 1893-08-18

vorably passed upon. But when our avowed
endeavor 10 to maintain such parity In regard
TO an amount Of silver increasing at the ratio
of GO, 900, 900 yearly, with no fixed termina.
ton to such increase, II can hardly be said
that problem has been presented whose 30
luton 10 free from doubt.
"Thc people Of the United States arc en-.
titled to sound and stable currency and TO
money recognized - such on every exchange
and ia every market Of The world. Their
government has no right to injure them by
financial experiments opposed TO the policy
and practice Of other civilized states, nor 10 It
justified In permitting an exaggerated and un-
reasonable reliance on our national strength
and ability 70 jeopardize tho sounduess of the
peoples money. This matter rises above the
plain Of party politics. 1t vitality concerns
every business and calling and enters every
household 10 the land
"There Is one important aspect Of the sub
jcct which especially should not be over
looked. At times like the present, when the
evils Of unsound finance threaten us, the
Spectator may anticipate = harvest gathered
from mlsfortunes Of others, the capitalist
may protect himself BY boarding, or may even
find profit in the nuctuation Of values, but the
wage-earner-the nrst to be injured by de.
preciated currency and the last to receive the
benefit OF It, corrections practically de-
fenseless. He relies for work upon the VEN
lures Of confident and contentcd capital.
This failing him, his condition 10 without al.
deviation. for no can neither prey on the mis-.
fortunes Of othen nor hoard his labor. One
NJ tat -. hat, No.
known, speaking more than 80 years ago,
when arrangement OF tho currency had
caused commercial distress, said: The very
man Of all others who has the deepest interest
10 q sound currency and who suffers by mis-.
chievous legislation In monetary matters 10
tho man who earns his daily bread BY hi,
daily TOLL
"Thesc words are as pertinent now - on
the day they were uttered, and ought to i'm.
presslvciy remind US that failure In the dis.
charge Of OUT duty at this time must especially
injuro those who labor, and who, because Of
their number and condition, arc entitled to
the most watchful care OF the government.
vt 10 Of the utmost Importance that such
relief rs congress eau afford in the existing
situation be Afforded at once. The maxim,
He gives twice who gives quickly 10 d.
rectly applicable. 1t may DO true that the
embsrrassments from which the business Of
the country 10 suffering arise a. much from
evils apprchended rs those actually existing.
We may hope, too, that calm counsels will
prevail and that neither the capitalists MOI
the wage-earners will give way to unreasona.
Bile panic and sacrifice their property or their
interests under the influence Of exaggerated
fears.
Nevertheless, every days delay in rcmov.
Ing one Of the plain and principal causes Of
the present state Of things enlarges ths this.
chief already done and increases the responsl.
bility Of the government for Its existence,
Whatever else the people have right to ex-
pect from Congress, they may certainly de-
mand that legislation condemned by the or.
deal Of three years. disastrous experience
shall be removed from the statute books n,
soon Us their representatives can lcgltimately
deal with It, It was my purpose to summon
Congress In special session early In Septem.
Der that we might enter promptly upon the
work Of tariff reform, which the true Inter
csts Of the country clearly demand, which SO
large majority Of the people, rs shown by
their sulrages, desire and expect, and to the
accomplishment Of which every effort of the
present administration Is pledged. But while
tariff reform has lost nothing OF its immedi.
ate and permanent Importance, and must IL
the near future engage the attention of Con
gress, It has seemed to me that the financial
condition Of the country should at once Ant
before all other subjects, be considered by
your honorable body.
II seriously recommend the prompt repeal
OF the provisions Of the act passed July H.
1890, authorizing the purchase Of silvcr bull
lion, and that other legislative action MAJ
put beyond all doubt or mistake the Intention
aud the ability Of the government to fulall iu
pccuuiary obligations In money universally
recognized by all civilized countries
"GRovER CLEVELAND.
Executive Mansion, Aug. z. 1891