The representative. [volume] (St. Paul, Minn.) 1893-1901, 1893-08-16
THE MESSAGE.
1t Breaks down the Price of
Wheat and Stock.

Ine American people out OF the
depths of wretchedness in which
they are now wallowing. The bank
ers of course, were unanimous in
it's praise: 'grand-wise-splendid!'
The rats thought it was the best
thing for the granary; and the farm
er wept. But the associate press
money market report, of the same
day, says:
The presidents message was given
a distinctly unfavOrable cOnStruc-
tiOn on the speculative exchanges,
the theory being that it was vague
in expression and had in it no Sug-
gestiOn of comfort On the Board
OF Trade operators made the mess
age anaeXcuSe for an attack on every
thing traded in. A general decline
in securities, grain and produce fol-
lowed. '-1>''>
And the same report says:
CHICAGO, Aug. S.-[Special. II
Wheat has ruled extremly Slow and
narrow and prices have been very
weak, September having sold off
fully &c from yesterdays close. The
continued uncertainties in the f.
nancial situation and money string
ency which is being increased by the
steady absorption by the banks, the
possible delay of congress in dealing
with the question, and the break in
stocks in Wall street, were weak
factors from the start. There were
some ugly rumors put afloat by the
wreckers which may have had some
influence in causing the early weak
ness, but they were soon diScredited.
The weakness of the last hour was
attributed to the break in stocks,
said to be due to the fact that the
president did not recommend the
sale of bonds to maintain the stock
of gold. 1t is said that the banks
here to-day refused to buy Eastern
exchange, but will take it for cOllec-
tiOn and charge the cost, which they
say will be about per cent.
What is the presidents message?
Simply postponemento of the tariff
question and declaration that/all
our financial troubles were ode to
the Sherman act, of 1890, add that
congress must unconditionally and
at once repeal it. Now Mr.. Cleve-
land knows as we'll as any one that
the present financial collapse ex-
tends over the whole world; and is
just as bad in countries where there
is no Sherman act; where silver is
demonetized and where they have
the single gold standard as it is in
these United States. What does he
mean? He is either incompetent to
grasp the situation in his pudgy
brain; or he is dishonest, and is act
ing as the agent of Wall street to
ruin the American people. How
in the name of Goodwill putting
the American people on gold basis
give us prosperity, when it has al
ready wrecked Australia and India;
and is honey-combing every nation iu
Europe with anarchism? And what
does the President suggest as to the
future of silver or the supply Of cur
rency to the people? Not syllable.
What does he mean? He says
"there is prejudice against the
Sherman law of 189O;-it may not
be to blame;-it may not be the
cause of the trOuble;-but we must
yield to the howls of the money
power and repeal it,
"And what then, Mr.. President?"
II don't knOou"
Suppose the populists were to say:
"There is great prejudice against
Grover Cleveland. Thousands be-
lieve that his making war on the
Mckinley bill, in the last campaign,
excited distrust, smashed manufac-
lures and produced this panic. This
may be true or it may not be. But
the belief exists; and every "howl"
should be respected. Therefore, to
restore confidence, impeach Cleye-
land and drive him out of the white
housen'
What would sensible people say?
That the. men who used such an
argument were asses. A country
has to be governed by intelligent
reasons. Yielding to a concocted,
purchased howl is not governing.
1t is suicide.
The people asked for bread and
Grover has given them brick-bat.
They begged for relief, he answered:
-"Single gold-standard." The debt
ors cried out ''We are perishingP'
Grover rep1ied:-Make money scare
er!'
In the meantime ominous sounds
are heard that prefigure doom.
Read:
CHICAGO, Aug. 8.-A remarkable
declaration was made by Mayor Car
ter Harrison. In an address of well
come to. the annual convention OF
the military surgeons Qt the national
guard Of the United States, he said:
aThere are 200, 600 people IN 1hicag0
to-day unemployed and almost desa
titute for money. II congress does
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