The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1893-10-04
CLEVELAND ON SILVER.
THE President Gives His Views Upon the
- Situation, RcitsratipE Els Opposition
TO Free Coinage, Except on
Certain Conditions.

fAtlants Constitution, September 2S. J
A letter from President Cleveland on
the financial situation.
Is was received last evening by Gov
ernor Northen and is given in full here.
The letter was reply to one written
by the governor on>the 18th instant.
The governors letter was prepared
asgr Sonsaltasion with number Of
gehtleneawho,believed that the stu
satienin Georgia was 50 serious as to
demand.sueh q letter, and when COM
plesed was submitted to several Of these
sor their consideration. 1t was sent
with the understanding that if the
president SAN ftto reply at any length
only the gRsydTould be given to the
pahlis; and sbr:that reason, and others,
. the governor declines to give his letter
tothe press.
Bnt froro one OF the gentlemen who
read It fair statement of what that
letter contained Ras obtained.
TIE GoYERNoR's LETTER.
Thegavernor's letter was to the point.
Hsgsgs. the president graphic pen
pictpre,of, the. financial and political
situation in Georgis and the South.
He began by saying that he believed it
to be his duty TO tbs Democratic party
TO give q frank, and true statement OF
the condition Of fafaiss and it is under
stoaa, thatin doing so he recited the
facts concerning the recent elections
held ia different parts of the State,
which made showing not altogether
sfattering to Democracy.
He went on to say that under pro-
found impression Of the financial and
political conditions in the State arising,
from the long continued delay in help
iul legislation by Cong.ess, he respect
fully but earnestly urged upon the
president the expedieney Of some, pub
lie stteranee from him more compre.
hepssye than his. s.recent messages to
proper policyto be pursued By Con-
= gsess upon questions affecting: the
stEiagency of the times and the needs
s.eftte people.
- AS to the condition of the Georgia
farmer, the governors letter went
zeemeRhat into detail. BE presented
The epicanre of cotton reaay for market.
nahsumeient money to- move thescrop,
stils farmers compelled to sell, and the
prices therefore, necessarily reduced.
Speeslation that would enrieh:2 the
spectators at the expense of the farm
aers twould be the natural result. He
believed that this could be obviated
andethe condition for the farmer inn,
pspged by some. statement fEousN the
peessdent setting at rest the uncertainty
concerning the. attitude Of the admins
ration on the financial situation, or
5 rather, on financial legislation
These are understood to be- the sali-
sIt points Of the governors letter: One
thing fscertain, he did not hesitate to
present the situation in this State II its
true eolors. -
THE PRESIDENTS REPLY.
The letter was one calculated to bring
reply, and yesterday that reply came.
sthesspresident's letter: +.
Hon. w. J. Northen-My> Dear,Sir
hardly know how to reply to your
letter of the 18th instant. It seems to
me thas am quite plainly on, record
concerning the6nanciafquestion. My
lettasasepting tae. nomination to the
presidency, when read in connection
with the message lately sent to the.
Congress in extraordinary session, >ap-
peargto- -mesto.b be very explicit.
waakaearrency that is stable and!
nfhesa esasads of our people. I will
noeGaeMsag!ythe implicated in con-
dlsisA thas wiz justly make me, in the.
least degree, aRsRerable to any slaborer.
OF farmer in the United Srates~for q,
shfiRkage ia the purchasing power OF
the doflar he has received for s full
dollars worth Of the prodaet Of his toll.
nptoaly want a currency to be OF
sssnch aetasacSet thatall kinds OF dol
= sIarssVzsE beof equal purchasing power
Eat hoaeef bat -Iwant-itto to be Of such .
character as will. demonstrate abroad
s our wisdom and good faith, thus plae-
ing npons firm foundation our credit
among the nations Of the earth.
Iwant.o1r financial conditions and
stheaawasrelathg to our4eaEseHcy SO
safe and resssaring. that those who
haye money win spend and invest it
ID business and new enterprises, in
aseadsof boarding it. You cannot cure
fright by calling it foolish and unrea-
sansbse,eands YOU eannetspreNens the
frightened man from holding his, mo-;
ney.
I,want good, sound and stable, money,
and ascondition Of confidence that will
Keep it in use.
Within the limits of; what I have
written 7 am -sef friend of silver, but i,
believa:iss proper place in our currency
can only be fixed by,a readjustment of
our currency legislation and the inaug-
urstion Of a consistent and eompre-
hensiys financial scheme. think such
q, thing can only be entered upon
pro6tahly-anG hopefully after the re-
peal OF the law which is charged with
all opr fiRancial woes. In the present
sEateoft the public mind, this law can
not be builteupen, nor patched in such
. way este relieve thesituation.
!. am, therefore, opposed 70 the free
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