The star. (Reynoldsville, Pa.) 1892-1946, 1893-08-16

have in hand were the maintenance Of .
| specific known quantity Of silver at parity
! with gold, our ability TO do so might be
estimated and gauged, and perhaps IN view
Of our unparalleled growtbland resou' ces,
| might be fsvorably passed upon. But when
our avowed endeavor is to maintain such
parity IN regard TO an amount Of silver in
creasing:at the rate Of . O. 000, 900 yearly. with
| no fixed termination to such increase, IL can
hardly be said that problem is presented
whose solution is free from doubt
vne people of the United States are entitl'
ed to a sound and stable currency and To
money recognized as such on every exchange
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
IL justified In permitting an exaggerated and
unreasonable reliance on our national
strength and ability TO jeopardize the
! soundness Of tn peoples money.
This matter rises above the plane Of party
politics. IL vitally concerns every business
and calling and enters every household OF
the land There is one important aspect OF
the subject which especially should never
be overlooked At times like the present,
when the evils OF unsound finance threaten
Us, the speculator may anticipate harvest
gathered from the misfortune OF others. the
capitalist may protect himself by boarding
or may even find profit n the fiuctuation
OF values: but the wage .earner-the frat TO
be injured by adepreciated currency and the
last to receive the benefit of its correction
is practically defe1seless.
He relies for wor upon the ventures OF
confident and contepted capital This fail.
ing him his condition Is without alleviation
for he can neither prey on the m,sfortunes
Of others nor h )ard his labor. One OF the
greatest statesmen our country has known
speaking more than 80 years ago when Q
arrangement Of the currency. had caused
commercial distress. said. The very man
OF all Others who has the deepest interest in
sonnd currency and who suffers most by
mischievous legislation in mnny matters ~
the man who earns his daily bread by his
daily toll. ~
The words are rs pertinent now as on the
day they were uttered. and ought TO i'm
pressively remind us that a failure in dis
charge OF our duty at this time must
especially Injure our countrymen who laboi
and who, because Of their number and
condition. are entitled othe most watchful
care of their Government.
IL is OF utmost importance that such reliei
as Congress can afford in the existing situs
IRON be afforded at once. The maxim, He
gives twice who gives quickly is directly
applicable II may be true that the
embarrassment from which business of the
country is suffering arises as much from
evils apnrehended as from those actually ex-
isting. We NAV hope too, that calm counsel
will will prevail and that neither the capi-
talist nor the wage earners will give way TO
unreasoning panic and sacrifice their prop.
erty or their interests under the influence Of
exaggerated fears. Nevertheless every days
delay in removing one of the plain and
principal causes OF the present state OF
things enlarge4 the mischief already done
and increases the responsibility of the gov
ern nent for its existence.
Whatever else the people have right to
expect from Congress they may certainly
demand that legislation condemned by the
ordeal Of three years disastrous experience
shall be removed from the statute books as
toon rs their representatives can legitimate
ly deal with it, II was my purpose to sum-
mon Congress In special session early in the
coming Septe ber that we might enter
promptly upon the work of tariff reform.
which the true interests of the conntry
clearly demand, which so large majority
OF the people as shown by their sutirages
desire and expect, and to the accomplish
ment of which every effort of the pre-.
sent Administration is pledged.
But while tariff reform has lost nothing
OF its immediate and permanent importance
and must in the near future engage the
attention OF Congress, IL has seemed to me
that the financial condition of the country
should at once and before all other subjects,
be considered bv your honorable body.
earnestly recommend the prompt re.
peal OF the provisions Of the act assed July
Ia, 1890 authorizing the purchase of silver
bullion and that other legislative action
may put beyond all doubt or mistake the
ment to fulfill its pecuniary obligations in
money universally recognized by all civiliz.
ed countries. GROVER CLEVELAND