Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1893-08-16

American securities. but make has % 49,
I nee those which thoy already have
IL does not meet the situation TO say that Az
prehensson In The near future OF our nnance-s 1,
eroundless aud that there IS no reason for iacl
/ OF confidence in the purposes or r.o,xer =, -.
| government In the premises. The very existence
/ or this apprehension aud lack OF conndcnro
Y however caused. Is menace which ought no,
Ior a moment be disregarded. Possibly n the
I undertaking We have in hand. were the main.
] tcnance OF specific known quality OF silver a,
I a parity With gold our ability 20 do so mich,
o estimated aud gaured, and perhaps I'm view
OF our Unparalleled growth and resources nigh,
De iavouioly passed upon.
But when our avowcd cndcavor Is 10 maintain
such parity Boz regard 20 an amount OF silver in
creasins AT the rate OF si0.OOJ.Oll yearly vim
no nNcd termination to such increase. il can
hardly be said that a problem a pre.ept,d
whose solution IL free from doubt
The people % the United States are entitled
10 sound ana stable currency, and TO money
recognized as such on every exchange and Il,
every market Of tho world Their government
has no right 10 injurc them by financial experi.
meats opposed % the policy and practice OF
other civilized states, nor Is 70 justified In per
uniting an exaggerated aud unreasonable re-
lance on our national strength una ability 10
leup4rdizc the souudncss OF the peoples money
This matter rises above the plane OF n,rtv
politics. 10 vitality concerns every business
and calling and enters every household In tho
land. There Is ono important aspect OF the
subject which especially should never be over
looked
Al times like the present when m, evils ~
uusound finance threaten us. the speculator
may anticipate "a harvest gathered from thu
r2!siortuneS OF others tho capitalist may rro.
tcei himself hy boarding, or may even profit by
the huctuatiouu values. but the wage Garner
the urst 90 De injured by deprecated cur
rency ana The last 90 receive the benefit OF its
corrections practically dcfcuscless. He re-
"es Tor work upon the ventures OF confident
and contcutcd capital.
This failing him, his condition Is without Al
deviation FOR he can neither prey on the ruisfor-
tunes OF others nor hoard his labor one OF tho
greatest statesmen our country has known
speaking more than fifty years ago when a de-
raugemcnt 81 the currency had caused CONNER
cial distress, said. Tho very man OF all others
who has the deepest interest go "A sound cur
rency. and who suffers most by mischievous
legislation In money matters L. the man who
earns his daily bread by his day toll"
These words are as pertinent now as on the
Gay thcy were uttered. and ought 20 impre ssive-
~ remind us that a failure I'm the discharge OF
our duty AZ this time must especially iniure
those OF our countrymen who labor and who.
because OF their number and condition. are en-
titled 10 the most watchful care OF thcIrg govern
menL
II is OF the utmost Importance that such re-
Lief as congress can afford In their existing sit
uatiou be Afforded at once. The maxim. "He
gives twice who gives quickly, is directly APP
-
mems from which the business OF tho country
Is suffering arises much from evils appre-
hended as from those actually existing
We may hope, too, that calm counsels win
prevail, that neither the capitalists nor tho
wage earners will give way 10 uureasoning
panic aud sacrifice their property or their in
terests under tue influence Of exaggerated
fears. Nevertheless, every days delay In re-
moving one Of The plain and principal causes OF
the present state 81 things eularges the mis-
chiei already done, and increases the responsi-
oility Of the government for its existence
Whatever else people have q right TO expect
from congress they may certainly demand that
legislation condemned by the ordeal OF three
years disastrous experience snail be removed
from The statute books as soon as their repre-
sentativcs can legitimately deal with IT,
TARIFF REFoRM
II was my purpose 10 summon congress in
special session early IN tho coming September
that we might enter promptly upon the worI, OF
tariff reform, which the true interests Of the
country clearly demand. which so large a ma
lority Of the people as shown by their SURFACES
desire and expect and 10 the accomplishment
OF which every effort OF the present admins
tratiou is pledged.
But while tariff reform has lost nothing OF its
immediate and permanent Importance and
must 10 the near future engage the attention Of
congress, 10 has seemed 10 me that the financial
condition 90 the country should at once and be-
tcre all other subjects, he considered by your
honorable body.
] earnestly recommend the prompt rcucal OF
The provisions OF the act OF July 49, 1881. author
izlnS The purchase 81 silver bullion. and that
other legislative action may put beyond all
doubt or mistake the intention and tie ability
oi the government % fulfill i''s pecuniarv obli.
cations 10 money universally recognized by all
c.Ni+h'd countries GROVER CLEVELAND
Executive mansion. Aurugt I-IE