Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1893-08-09

parity with gold, our aDinty TO 90 SO
might be estimated and gagged, and per-
haps IN view of our unparalleled growth
aud resources, might be favorably passed
upon But when our avowed endeavor is
to maintain such parity in regard to an
amount of silver increasing Mt the rate of
100000 of dollars yearly, with no fixed
termination to such increase, it can hardly
be said that a problem is presented whose
solution is free from doubt.
/, Entitled TO Sound Currency.
The people of the United States are en-
titled to sound and stable currency, AMI
to money recognized as such on every :
change and in 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 is it justified in permitting an
exaggerated and unreasonable reliance
on our national strength and ability to
jeopardize the soundness of the peoples
money.
This matter rises above the plane of
party politics 1t vitality concerns eversS
business and calling and enters everv
household in the land There is one I'M
portant aspect of the subject which
times like the present, when the evils of
unsound finance threaten us, the specn-
lator may anticipate harvest, gathered
from the mil fortune of others, the cap
italist may protect himself by boarding or
may even find profit in the fluctuation of
values
The Wage-Earner Defenseless.
But the wage-earner, the first to be in
jured by deprecated currency and the
last to receive the benefit of its correction,
is practically defenseless. He relies for
work upon the ventures of confident
and contented capital. This falling
him, his condition is without
alienation, for he can neither prey
on the misfortunes of others, nor hoard his
labor. One of the greatest statesmen our
country has known, speaking more than
so years ago when arrangement of the
currency had caused commercial distress,
said: ''The very man of all others who
has the deepest interest in a sound cur
rency and who suffers most by mischievous
legislation in money matters, is the man
who earns his daily bread by his daily
toll"
These words are as pertinent now as in
the day they were uttered, and ought to
impressively remind us that failure in
the discharge of our duty at this time
must especially injure those of our coun-
trymen who labor, and who, because of
their number and condition, are entitled
to the most watchful care of their govern
ment. as
Should Act at Once.
1t is far the most important that such
relief as congress can afford in the exist
ing situation be afforded at once. The
maxim HE gives twice who gives
quickly" is directly applicable. 1t may
be true that the embarrassments from
which the business of the country is suf>
fering arise as much from evils appre-
hended1as from those actually existing
We may hope, too that calm ceunsels will
prevail and that neither the capitalists nor
the wage earners will give way to unreas-
oning panic, and sacrifice their property or
their interests under the influence of ex-
aggerated fears. Nevertheless, every days
delay in removing one of the plain and
principal causes of the present state of
things
Enlargas the Mischief
already done and Increases the response
bility Of the government for it's existence
W
expect from congress they may certainly
demand that legislation condemned by
the ordeal of three years disastrous ex-
perience shall be removed from the statute
books as soon as their represen tatives can
legitimatsly deal with it.
Tariff Can Wait,
It was my purpose to summon congress
in special session early in the coming Sep
TENDER that we might enter promptly
upon the work of tariff reform
which the true interests of the country
clearly demand, which so largea majority
of the people as shown by their suffrages
desire and expect, and to the accom-
plishment of which every effort of
the present administration is pledged But
while tariff reform has lost nothing of its
immediate and permanent Importance;
and must in the near future engage the
attention of congress, it has seemed to me
that the financial condition of the country
should at once and before all other sub
jects, be contidered by your honorable
body.
Recommends Prompt Repeal.
l earnestly recommend the prompt re.
peal Of the provisions of the act passed
July IA, 1890, authorizing the purchase of
silver bullion, and that other legislative
action may put beyond all doubt
or mistake the intention and the
ability of the government to fulfill it's
pecuniary obligations to money universally
recognized by all civilized countries.
GROVER CLEVELAND
Executive Mansion, Aug. Z, 1893.