Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1893-09-28
BY SPECIAL REQUEST
The President Tells His
Financial Policy.
A CURRENCY LEGISLATION.
Hopes the Senate Will Not Plunge the
Country Into Deeper Depression.

ATLANTA Sept. 70 The Constitution
today prints letter from President Cleve
land to Governor Northen, in reply to one
written by Governor Northen on the 18th
inst. 1t il understood that Governor
Northen pointed out inroads being made
In the Democratic ranks by the Populists
by reason OF the delay of the Democratic
majority in congress legislating on the
line Of the party platform and pledges
He dwelt especially upon the financial con-
dition and political unrest Of the farmers
of the south, who constitute 30 great por-
tion Of the Democracy.
The presidents reply, which was re-
ceived last evening, is as follows:
The Letter.
Exc uTIvE MANSION,
WAsHINGTON, ID. g., sept. u.
Tho Hon. w. J. Northern
My DEAR SIR--I hardly know how TO reply
20 your letter of the 18th inst Ii seems t. me
that am quite plainly on record concerning
the financial que ton. My letter accepting
the nomination 20 the presidency, when read
In connection with the message lately sent to
the congress in extraordinary session, appears
TO me to be very explicit.
want a currency that is stable and safe In
the hands of our people. l will not knowingly
be impli Gated in "A condition that will justly
make me In the least degree answerable TO any
laborer or farmer in the United states for q
shrinkage in the purchasing power Of the dol.
lar he has received for full dollars worth Of
work, or for a good dollars worth of the
product of his toll.
not only want our currency TO he of such q
character Glat all kinds OF dollars will be Of
equal purchasing power at home, but want
IL TO be Of such character as will demon
strate abroad our wisdom and good faith, thus
placing us up firm foundation and credit
among the nations Of the earth.
Conditional Friend OF silver.
want our financial conditions and the laws
relating to our currency safe and reassuring
50 that those who have money will spend and
invest IL in new business and enterprises, in
stead of boarding IL. You cannot cure fright
by calling it foolish and unreasonable. and
you cannot prevent the frightened man from
boarding his money. l want good sound and
stable money, and a condition OF confidence
that will keep IL in use.
Within the limits OF what I have written,
am friend of silver, but believe its proper
place In our currency can only be fixed by a
readjustment of our currency legislation and
the Inauguration OF n consistent and compre-
hensive financial scheme. i think such q
thing can only be entered upon profitably and
hopefully after the repeal of the law which
is charged with all our financial woes In the
present state of the public mind, this law can
not be built upon nor patched up In such q
way as to relieve the situation.
am, therefore, opposed to the free and un-
limited coinage of silver by this country
alone and independently, and l am In favor
Of the immediate and unconditional repeal
OF the purchasing clause of the so-called
Sherman law.
confess am astonished by the opposition
In the senate To such prompt action rs would
relieve the present unfortunate situation.
My daily prayer is that the delay occa-
stoned by such opposition may not DO tho
cause Of plunging the country into deeper de-
preston than 1t has yet known, ana that the
Democratic party may not be justly held re-
sponsible for such catastrophe
Yours very truly,
GROVER CLEVELAND.