Democratic Northwest. [volume] (Napoleon, Ohio) 1869-1894, 1893-10-12
PRESIDENT CLEVELAND
WANTS GOOD MONEY
he Defines Bis Position Upon Pinan-
Cial Affairs.

has sent the following reply:
EXECUTIVE MANSION,
"WAsHINGToN, ID. c., Sept. %. !
any DEAR SIR-I hardly know how
to apply to your letter Of the 10Th ms
tant. II seems to me that am quite
plainly on record concerning the finan-
clal question. My letter accepting the
nomination to the presidency, when
read In connection with the message
lately sent 10 the Congress In extraor-
dinary session appears to me TO be very
explicit. l want q currency that is
stable and safe in the hands ofour peo-
pie. will not knowingly be implicat-
ed in a condition that will justly make
me in the last degree answerable to
any laborer or farmer in the United
States for shrinkage In the purchas-
Ing power of the dollar he has receiv-
ed for full dollars worth of work, or
for good dollars worth Of the product
Of his soil. 1 not only want our cur
rency to be of such character that all
kinds OF dollars will be of equal pur-
chasing power at home, but | want 1t
to be of such character as will dem
onstrate abroad our wisdom and good
faith, thus placing 1t upon a firm
foundation and credit among the ma
tions of the earth. / want our finan-
cial conditions and the laws relating to
our currency SO safe and reassuriDg
that those who have money will spend
and invest 1t In business enterprises
instead of boarding 1t. You cannot
cure fright by calling IL foolish, and
you cannot prevent the frightened
man from boarding his money.
II want good sound and stable
money, and condition of confidence
that will keep 1t in use."
"Within the limits of what I have
written, / am a friend of silver, but l
believe its proper place In our currency
can only be fixed by readjustment Of
our currency legislation and the in
auguration of q consistent and COM
preheDsive financial scheme. I think
such thing can only be entered upor
profitsbly and hopefully after the ' a
peal of the law, which Is charged Sitl
all our financial woes. In the r .asan
state of the public mind, this sTv on =
LlOb DO DulIt uPOh hOl PhbCD MI In otnnI
a way as to relieve the stu .tionT
II am therefore oppos I'd to the fre
and unlimited coins' 70 ~ s;Iver h,
this country alone a. ID indenendentiy
and l am in fave = of tbs immediat
aDd unconditior al repeal of the pur
law" ' 'o 0''o- '- -''''
VI conf .ss am astonished by tn
opposl'" IN in the senate to such promp
actson s as would require the presen
uhH ,rtunate situation. My daily praye
Is chat the delay occasioned by sucl
opposition may not be the cause Q
| plunging the country into deeper de
preston than it has yet known, an
that the Democratic party may not b
justly held responsible for such catas
trophe. Yours very truly.
"GRovER CLEVELAND"
THE manufacturers who walt upo
the committee of ways and means {
the house of representatives, now col
sidering the reform revenue question
are q sad lot of fellows, wholly give
over to dependency, and fuller of Ian
entations than was the Prophet Jer'
miah. The difference between the al
cient seer of Israel and the manufa'
turers, however, is wide indeed. 1t
not in evidence thai jeremiah wa
blessed with bountiful supply of tn
worlds goods, nor had he fattened fl
three decades by forced contribution
from Israel's multitude. He had neith'
purple nor fine linen to wear, nor di
he fare sumptuously every day. TT
truth is the old prophet lived in plail
unostentatious manner, and all h
earthly possessions could have bee
wheeled off in q common hand barroy
How different the condition of Il
manufacturers. They,as class, live c
the top of the heap, and waste mo-
than they consume. Besides acquirir
ample fortunes, not infrequently reac
ing the millionaire mark, their dai
expenses for ordinary luxuries, such
cigars, liquors and amusements, are
excess of the daily wages paid the
most skilled employees Elegant home
surrounded by spacious ground
adorned and beautified by taste an
lavish expenditure, is the rule al
not the exception with the manufa
turer. He is the only man wi
squeals when the times 6
hard. Men In other vocations 81
tain losses, but they stand them wit
out wincing, and use, without col
planning, part of the wealth they ha
accumulated in prosperous times. B
when the manufacturer begins to 10
the squealing commences. First com
: cut in the wages of his employees. ]
will not give up a penny Of that whi
he has accumulated The conce
: must pay, and if a cut in the wages
. employees does not stop the leak thu
: he shuts down. The profits of pa
years may run up to millions, but n
one cent of that shall return to t
business. Labor must stand the To-
and failing to agree to do so, the loc
i out follows, and labor must suffer u
:, til such time as profits will follow !
0 sumption of work. In all pursuits the
0 must be periods when they are &C
r Quoted with loss. In ordina
b vocations the rule is that
g who has invested the capi'
8 and who has received the major part
the profits must stand the loss. Usu
ly these periods are brief, and I
better times soon, not only make 60
5 the loss, but add to the former accun
i lations. The exception to this rule
r found in the large manufacturing
9. terests. They are never known to G.
h up Labor must pay the loss or suf
d still more. We suggest to the we
e and means committee to inquire il
Il the past profits made by the manuf
turara xuha apY,eay- hafore tha comu