Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1893-08-10

yearly, with ito fixed termination to such
increase, it can hardly be said that prob
lem is presented whose solution is free
from doubt.
The people Of the United States are en-
titled to sound and stable currency and
to money recognized as such on every ex-
change and in every market Of the world.
Their government has no right to inJure
them by financial experiments opposed to
the policy and practice Of other civilized
states, nor is 1t justified in permitting an
exaggerated and unreasonable reliance on
our national strength and ability to jeop-
ardize the soundness of the peoples money
This matter ri ses above the
Plane Of Party Politics.
II vitality concerns every business and
calling and enters every household in the
land There is one important aspect of the
subject which especially should never he
overlooked.
At times like the present, when the evils
Of unsound finances threaten us, the specu-
lator may anticipate a harvest gathered
from the misfortune of others, the CAPT
talist may protect himself by boarding or
may even find profit in the fiuctuation of
values; but the wage earner--the first to
ny currency ana
the last TO receive the benefit OF its correc-
tion-is practically defenceess He relies
for work upon the ventures OF coufidc-t
and contented capital. This failing hi~,
his condition is without alienation, for he
can peither prey on the misfortunes of
others nor hoard his labor.
One Of the greatest statesmen our coun-
try has known, speaking more than 50
when derannanapf Of b,
currency had caused 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 bread by his daily
toll"
These words are AS pertinent now as on
the day they were uttered, and ought to
impressi ,ly remind us that a failure in
the discharge Of our duty at this time
must especially injure those Of our coun-
trymen who labor, and who because Of
their number and condition are entitled
TO the most
Watchful Care Of Their Governments.
1t is Of the utmost Importance that such
relief as congress can afford in the exist
ing situation be afforded at once. The
lAAiuls lie klfcs TWICE. WHO gives
quickly" is directly applicable 1t may be
true that the embarrassment from which
the business OF the country is suffering
arise As much from evils apprehended as
from those actually existing
We may hope. too. that calm counsels
will prevail and that neither the capital
lists nor the wage earners will give way to
unreas ming panic and sacrifice their prop
b.tr ip+ - IA
of exaggerated fears Nevertheless, every
days delay in removing one Of the plain
aud principal causes Of the present state u
things enlarges the mischief already done
and increase, the responsibility 81 the -ov-
eminent for its existence. Whatever els
the people have a right to expect from con
gress they may certainly demand that leg
islation condemned hy the ordeal OF three
years disastrous experience shall be re-
moved from the statute books as soon "a
their representatives can legiiimately deal
with it.
II was my purpose 20 summon congress
in special session early in the coming sep
temher, that we might enter promptly
Upon the Work of Tarin Reform
which the true interests u the country
clearly demand. which SO large a ma ority
Of the pc PIE. as shown by their sufTrHg,-e
desire and expect, and to the accomplish.
lnent of which every effort OF the present
administration is pledged But while
tariff reform has lost nothing 4 II, mi
uediaJe and permanent Importance. aud
must, in tue near future engage the ut
tentiou ~ congress, !; has seemed To me
that the financial condition II the country
should at once aud bu:1re all suit ect, he
f,tY,Ssl,-4S NV y,tt- h.,,r.tf.. My