The Green Forest tribune., 1893-10-05
GROWERS FINANCIAL POLICY.
THE PRESIDENT CLEARLY DEFINES HIM
SELF TO GOV. NoRTHEN OF GEORGIA.
He Says He Wants Currency that is Stable ir
the Hands of Our People-Urges Repeal.

he Says he wants Currency that is Stable IN
the Hands of Our People-Urges Repeal.
ATLANTA, GA. Sept. 2S.-The Consti-
tuition to-day printed a letter from
President Cleveland to Gov. Northen,
in which the President states his po-
sition on the financial question at some
length. The letter is in reply to one
written by Gov. Northen on the 10Th
instant. The Governor refuses to give
his letter out for publication, but it is
known that it presented graphic con-
dition Of the financial situation in Geor-
gia, and urged on the President the ex-
pediency Of a public utterance from
him more comprehensive than his re-
cent message as to the proper policy to
be pursued by Congress upon questions
affecting the stringency Of the times
and the needs of the people.
lis understood that in his letter
Gov. Northen pointed out inroads be-
ing made in the Democratic ranks by
the Populists by reason of the neglect
or delay on the part of the Democratic
majority of 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 proportion of the De-
mocracy.
The Presidents reply to that letter is
as follows:
Executive Mansion, Washington, Sept. %.
Hon. w. j Northen; 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
concerning the financial question. My letter
accepting the nomination to the presidency
when read in connection with my recent mes
sage to congress in extraordinary session ap-
pears to me to be very explicit.
want currency that is stable and safe in
the hands of our people. viii not knowingly
be implicated in a condition that will justly
make me in the least degree answerabie to any
laborer or farmer in the United States for q
shrinkage in the purchasing power Of the dollar
he has received for full dollars worth of work
or for full dollars worth of the production Of
his toll. 1 not only want currency to be Of
such ch aracter that all kinds of dollars will
be of equal purchasing power at home, but
want it to be of such character as will demon
strate abroad our wisdom and good faith thus
placing upon firm foundation and credit Amer
lea with the nations of the earth.
want Onr fin ancial conditions and laws at-
ing to our currency safe and reassuring, that
those who have money will spend and invest it
in business and new enterprises, instead Of
boarding it. You can not cure fright by call
ing it foolish and unreasonable, and you can not
prevent the frightened man from boarding his
money want good, sound and stable money,
and condition Of confidence that will keep it in
use.
Within the limits of what have written, I
am friend of silver but believe it's proper
place in our currency can only be fixed by a re-
adjustment of our currency legislation and the
inauguration Of a consistent and comprehensive
financial scheme. think such a scheme can
only be entered upon profitably and hopefully
after the repeal of the law which is charged
with all our financial woes. In the present state
of public mind this law can not be built upon or
patched in such way as to relieve the situation.
1 am, therefore, opposed to the free and unlim-
tied coinage of silver by this country alone and
independently, and am in favor of the immed-
late and unconditional repeal Of the purchasing
clause of the so-caled Sherman law.
1 confess 1 am astonished by the opposition in
the Senate to such prompt action as would re-
lieve the present unfortunate situation
My daily prayer is that the delay occasoned
by such opposition may not be the cause of
plunging the country into a deeper depression
than it has yet known and that the Democratic
party may not be justly held responsible for
such catastrophe. Yours, very truly,
GROVER CLEVELAND. -