Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1893-08-10
CONGRESS CONVENES
4 BLACK EYE FOR SILVER.
President Cleveland Demands an Un-
conditional Repeal of the
Sherman Law.
Especial to the Argus.]

The presidents message to congress
was read at 12:45, August Sth, and
listened to with intense interest:
Congress is called owing to an
alarming and extraordinary business
situation. Our unfortunate financial
plight is not the result of untoward
events, our condition relating to our
natural resources. With abundant
crops at remunerative prices, with
bright outlook for manufacturing, sud-
denly financial fears and distrust have
sprung up on every side attributed to
conjectural legislation touching the
purchase OF silver. The compromise
by the passage of the Sherman :
has had a contrary effect than ex-
pected and since its passage the price
has constantly declined.
The silver purchased and paid tor
in gold has not been coined and the
gold reserve laid aside by the govern
ment has not been spared and for the
first time since it's creation the reserve
has been encroached upon. Other ma
tions naturally have taken advantage
of our silver policy and drawn gold.
In two years past gold in the treasury
has decreased S132 900, 900 and silver
increased S147, 100000. Cleveland
believes our present silver law con-
tinued will result in the entire substi-
tuion of silver for gold, and says that
at this day "silver and gold must part
company" that the United States
cannot gain hearing for internation-
al cooperation and cannot attempt
to make the fight single-handed.
We must, to hold our position
among nations have a sound, stable
currency recognized by every nation
in the work "Tariff reform can wait
the financial situation is the present.
The message is quite long, the forego
ing being the substance OF the argu
ments advanced. In closing the pres
ident says:
al earnestly recommend the epromp
repeal of the provision passed Jul!
14th, 1890, authorizing the purchas
of silver bullion, and that any othe
legislative action may be put beyon'
doubt or mistake, that it is the abi
ity and intention of the governmen
to fulfill its pecuniary obligations il
money universally recognized by a
civilized countries"
The Democrats held their part
caucus on Saturday afternoon an
unanimously chose Speak Crisp tn
nominee to succeed himself. Th
other places were filled with littl
fighting.
Crisp made brief speech of accep
ahce in which he avoided committir
himself on the great question at issu
He said:
"An extraordinary condition (
affairs throughout the country hs
necessitated our meeting in extraord
nary session. In so far as the col
dition is attributable to any existir
law, we are in no wise responsib
therefor. Now, for the first time
more than thirty years, We are in fu
power. We can repeal laws and v
o can make good ones. People have e
trusted us with that power and e
pect us to exercise it for their beha
Our financial system should be I
7 vised and reformed, strict economy
public expenditures should be o
served and taxation should be equ,
lied and greatly reduced. To the
purposes are we thoroughly col
mitted. We must redeem our pledg'
4 Let us lay aside every other consid'
alton than public good and endeav
to so discharge the duties assigned
as to restore confidence, promo
prosperity and advance the genel
ut welfare OF all classes OF our peop
ne Sincerely grateful for your contider
III and esteem, pledge myself to deve
to the discharge OF the dnties of
responsible positionyou have assign