The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1893-08-18

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THE GovER>xrSr's DILEMMA
At this sta-c sold and silver must part com
rany ard tae soscramcrt must establish .
policy 20 maintain the two metals on a parity
with each ether. Given over 10 the exclusive
use ~ sCrrenCy greatly appreciated accord
Inc 70 the standard 81 the commercial world.
Ne eoclt no longer claim q place among ma
lions ~ the nr,t class nor could CAR govern.
Hent claim performance Of its obligations. so
far a scsh an obligation has b~cn imposed
upon Il. 20 provide for the use OF the people the
lest and safest money.
CAN NOT WORK SINGLE HANDED
IT, A. many 81 its friends claim silver ought
70 occupy a iarecr place IA our currency and
the currency q the world through general in
terraiioual cooperation and agreement. II 10
| obvious tAa. the Crtted States viii rot he N .
position 70 gain 4 hearing IN favor % such an
ARRANGEMENT - LONE are willing 10 con-
iiaue our attempt TO accomplish the result SIN
gle-handei
THE EFFEcT IN BUSINESS CIRCLES.
| The knowledge in business circles among our
| own people that our government can no; make
! it, Hat equivalent TO intrinsic value. nor keep
| Inferior moncy on parity with superior money
I ~ ~ own independent efforts has resulted In
such a Lack OF confidence at home. In the sta
4 billy Of currency values that capital refuses
it, aid 10 new enterprises. while millions
| a~tually Withdrawn from he channels Of trade
4
| tive In the hands OF timid owners Foreign in
yestors equally alert. not only decline 10 pur-
| chase American securities. but make haste to
| sacrifice those which they already have.
MENACE NOT TO BE DrsREG AIDED
II dos not meet the situation 10 say that ar-
| prehension u regard 10 the future o. our
| finances l. groundless and that there i
reason for iaek OF confidence in the purposes Of
| power o. the government in the premises. The
very existence OF this apprehension and lack
OF confidence. however caused is
menace which ought not for a moment
10 he disregrrdei Possibly IL the under
| taxing We have in hand We're the maintenance
| u . specific known quantity OF silver az q
parity with gold our ability 20 do - mi hi -
estimated and garge~i. and perhaps in view OF
| OR unparalleled growth and resources mi-hi
| te fAv0rahly PASSED upon. But when our
aEcwei en1eay0rs 20 maintain such parity IN
regard 70 an amount % silver Increasing az tie
rate ~ siossafco yearly with no fixed terniua-
lion - such increase. IL can hardly - -aiJ that
o rrrilrm = presented whose solution IS free
from doltt.
ENTTILkD 10 SOUND AND STABLE CURRENCY.
The people OF the United States are entitled
% 4 sound aud stable currracy and 20 money
recognized as such on every exchange and in
every market ~ the world Their government
has NJ r.zht 70 injrre them by financial expert
m-rts opposed 70 the policy aad practice Of
other civilized state nor j. Il justined IN per-
hitting an exaggerated and unreasonable r.
lia-ce in our national strength and ability to
1 .eppariize the soundness Of the peoples
money.
ABOVE THE FLAME or PARTY POLITICS
This matter rises above the plane Of party
politics II vitality concerns every business
and calling, and enters every house hold in rhs
| land There j. one important aspect OF the
subject which especially should never he over.
looked At times like the present. when the
evils y Cn~ound finance threaten Us the
SPECTATOR may anticipate q harvest gath
cred from the misfortune OF others.
the capitalist may protect himself by boarding
OF may even find rrott in the firctuaiion Of
values: tut the wage earner-ihe dr~f to be in
!ured hT deprecated currency and the last to
receive the teneff OF its CORE tion-is practi-
caily defenseless- He relies for work upon tbs
ventures OF confident and conteatei capital
This failing him his condition Is without al
deviation for he neither prey or the mis-
| fortunes OF others nor hoard his labor
PERTINENT WORDS
One % the greatest statesmen our country
has known. speaking more than fifty years
| ago when a ceranrernent OF the currency had
carsed commercial distress. said: The very
man Of all others who has the deepest interest
in a sound currency and who suffers most by
mischievous legislation in money matters is
the man who earns his daily tread ~
his daily toll These words are PERTINENT
now a. on the day they were utter
ed and olghi to impressively remind Us that
failure in the discharge OF our duty at this time
must especially isjure those 81 our eounirymen
who labor. and who. because Of their nurnher
and condition. are entitled to the most watch
full care Of their government
THE DUTY OF CONGRESS
II is Of the Utmost importance that such re-
lief a. congress can afford In the existing stu
alton te Afforded az once The maxim. He
gives twice who gives quickly" Is directly ap-
plIcanle II may Re true that the cmtarra~s-
meats from which the business u the country
i suffering arose as much from evils
app-ehendei from those actually existing
We may hope. too. that calm counseis will pre-
vail. and that neither the capitalists nor the
wace-earn-rs will give way 20 unreasoriry
panic. ami sacrifice their property or their in
tcre>ts under the influence Of exaggerated
fears.
DELAY ENHANCES THE DANCER
Nevertheless. every days delay in removing
one % the plain and principal causes =, the
present state 81 things eniarges the mischief
already lone and Increases the responsibility
d. the government Tor rs existence. whit
ever else the people have right 10 expect
from congress. they may certainly lie
nand that legislation condemned nv
the or.leal OF three years disastrous
experience shall bc removed from the statute
books soon a. their representatives can
ierit,maialy deal with therr.-
TARIFF REFORM TEMPORARILY SIDE TRACKED.
IL vas mv purpose to Summon congress in
snecial session early in the coming sep
,cmber that we might enter pron.pt-
iT upon the work OF tariff reform
which the true interests of the country
clearly demand. which large a majority ~
the people shown ny their susfrares desire
and expect. and TO the accomplishment, ~
which every effort Of the present admins; ra-
tion Is pledged. Hut while tariff reform has
lost nothing % It's Immediate and permanent
importance. and must in the rear future engage
the attention OF congress IL has seemed 10 me
that the financial condition ~ the country
should at once and before all other SUBJECTS
be-conssiered ~ your honcrable body.
REPEAL or THE SHERMAN ACT
earnestly recommend the prompt repeal Of
the provisions ~ the act passed July ~ i.go.
authorizing the purchase % silver bullion.
and that other legislative action may
put beycnd all doubt or mistake
the intention and the ability ~ the
government 20 al its pecuniary obligations in
money universally recognized by all cisaIized
countries.
fSirnedi GROVER CLEVELAND
Executive Mansion. Aug Z isa
Tie message was listened to with i'm
tense interest hy the members ~ fha