Goldsboro weekly argus. [volume] (Goldsboro, N.C.) 1885-1909, 1893-10-05
PRESIDEN CLEVELAND TALKS.
Gives His Views on the Financial Ques
tion.

Gives His Views on the Financial Ques-
ton.
ATLANTA, Ga, Sept. 27.-The
Constitution tomorrow will print
letter from President Cleveland to
Governor Northen, in which the
President states his position on the
financial question at some length.
The letter is in reply to one written
by Governor Northen on the fifteenth
instant. Governor Northen refuses to
give his letter out for publication,
but it is known that it presented a
graphic condition of the political
situation in Georgia and the South
and urged upon tie President the
expediency of public utterance
from him more comprehensive than
his recent message as to the proper
policy to be pursued by Congress
upon questions affecting the string
ency Of the times and the needs of
the people. 1t is understood that in
his letter Governor Northen pointed
out inroads being made in Demo-
cratic ranks by the Populists by rea-
son of the neglect or delay on the
part of the Democratic majority in
Congress to meet legislation on the
line of the party platform and
pledges. He dwelt especially upon
the financial condition and political
unrest of the farmers of the South
who consti tute SO great a proportion
Of the Democracy.
The Presidents reply to that letter
was received this evening and is as
follows:
EXECUTIVE MANsI N,
WASHINGTON, Sept. %, 1898
Hon, ". u. Northeaa,
MY DEAR SIR;-I hardly know
how to reply to your letter of the
18th inst. 1t seems to me that ]
am quite plainly on record con-
cerning the financial question. My
letter accepting the nomination to
the Presidency, when read ia con-
nection with the Message lately
sent to the Congress in extraordi-
nary session, appears to me to be
very explicit. | want g currency
that is stable and safe in the hands
of our people. l will not know
ingly be implicated in condition
that will justly make me in The
least degree answerable to any
laborer or farmer in the United
States for a shrinkage in the pur'
chasing power of the dollar he ha'
received for a full dollars worth O
work, or for a good dollars worth
of the product Of his toll. | no
only want our currency to be o
such a character that all kinds O
dollars will be Of equal purchasing
power at home, but / want it to b.
of such character as will demon
strate abroad our wisdom and goot
faith, thus placing it upon fru
foundation aud credit among tn
nations of the earth. / want on
financial conditions and the law
relating to our currency so safe ant
reassuring that those who hav
money will spend and invest it il
business and new enterprise instea,
OF boarding it. You cannot cur
fright by calling it foolish and un
reasonable and you cannot preven
the frightened man from hoardin
his money. l want good, SCUM
and stable money, and a conditio
Of confidence that will keep it i
use. Within the limits of what
have written, l am a friend Of sil
yer, but I believe its proper g'lsc
, in our currency can only be fxe
by a resadjuatment of our currenc
legislation and the Inauguration {
| consistent and comprehensly
financial scheme. [ think such
thing can only be entered npo
protitably and hopefully after tt
re peal of the law which is charge
with our financial woes. In tt
present state of public mind, til
. law cannot be built upon, n,
!. patched in such way as to r
! lieve the situation. [ am thereto
9 opposed to the f ee and unlimite
. coinage of silver by this COUNT
}. alone and Independently; and | a
:. in favor of the immediate and u
! conditional repeal of the purcha
= ing clause of the so-called Sherm,
law.
Il I confess [ am astonished by Il
opposition in the Senate to su'
prompt action az would relieve Il
J. present unfortunate situation. n
}. daily prayer is that the delay occ
:. stoned by such opposition may n
be the cause of plunging the cou
d try into deeper depression than
has yet known, and that the Dem
}. cratic party may not be just
= he'd responsible for such cata
! trophe.