Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1893-08-17
cas- son wonx srxcrr.HAsprp.

the currency of tine world through general in.
terna.ional cooperation and agreement, It fs
obvious that the United States viii not be In
position to gain hearing In favor of such An
arrangement SO long as we art willing to con-
tinue our attempt to accomplish the result sim
gle-handed
THE EFFECT IN BUSINESS CIRCLES
The knowledge in business circles among our
own people that our government can not make
its hat equivalent to int-,nsic value nor keen
inferior money on q par. with superior money
by Its own Independent efforts. has resulted in
such lack OF confidence at home In the sta
oiHty OF currency values that capital refuses
lts ala 70 new enterprises. while millions are
actually Withdrawn from the channels Of trade
anu commerce to become idle and unproduc-
tive In the hands of timid owners. Foreign in.
VestorS. equally alert not only decline to pur.
chase American securities. but make haste to
sacrifice those which they already have.
MENACE NOT TO BE DIsREGARDED.
1t does not meet the situation to say that APP
prenensfon in regard to the future of our
finances is groUndless and that there is no
reason for lack OF confidence In the purposes Of
power OF the government in the premises. The
very existence of this apprehension and lack
Ct confidence, however caused, is
menace which ought not for moment
to be disregarded Possibly IL the under
taking we have in hand were the maintenance
OF specific known quantity OF silver at .
parity with gold. our ability to do so might DO
estimated and gagged. and perhaps. in view OF
our unparalleled growth and resources might
be fdvorably passed upon But when our
avowed endeavors to maintain such parity in
regard to an amount of silver increasing at the
rate Of so. 600 900 yearly, with fixed termina-
ton to such increase. it can hardly be said that
problem is presented whose solution is free
from doubt.
The people OF the United States are entitled
to 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 expert.
ments opposed to the policy and practice Of
other civilized states nor is il justified in per-
uniting an exaggerated and unreasonable re-
lance in our national strength and ability to
jeopardize the soundneSS of the peoples
money.
ABOVE THE PLANE OF PARTY POLITICS.
This matter rises above the plane Of party
pohtfcS. 1t Tttally concerns every business
and calling. and enters every household in the
land. There is one important aspect of the
subject which especially should never be over
looked. At times like the present. when the
evils OF unsound finance threaten US, the
Spectator may anticipate a harvest gath
cred from the misfortune of others,
the capitalist may protect himself by boarding
or may even find profit in the fluctuation of
values; but the wage-earner-the first to be in
jured By deprecated currency and the last to
cally dcfenseless. He relies for work upon the
ventures of confident and contented capital.
This failing him, his condition is without al
deviation for he can neither prey on the mis-
fortunes Of others nor hoard his labor.
PERTINENT WORDS.
One of the greatest statesmen our country
has known. speaking more than fifty years
ago when a arrangement of the currency had
caused commercial distress, said THE very
man OF all others who has the deepest interest
in 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 utter
ed and ought to tmpressively remind us that
failure in the discharge of duty at this time
must especially injure those of our countrymen
who labor. and who, because OF their number
and condition. are entitled to the most watch
full care of their government.
THE DUTY OF CONGRESS.
1t is OF the utmost importance that such re-
lief as congress can afford in the existing situ-
gives twice who gives quickly" Is directly ap-
plicable. 1t may be true that the embarrass-
ments from which the business of the country
is suffering arose as much from evils
apprehended as from those actually existing.
We may hope. too that calm counsels will pre-
vail, and that neither the capitalists nor the
wage-earners will give way to unreasoning
panic. and sacrifice their property or their in
terests under the influence of exaggerated
fears.
DELAY ENHANCES THE DANGER
Nevertheless. every days delay in removing
one of the plain and principal causes of tho
present state of things enlarges the mischief
already done and increases the responsibility
of the government for its existence. What
ever else the people have right to expect
from congress. they may certainly de-
mand that legislation condemned by
nrdP nf fhraa 6fSaS
experience shall be removed from the statute
books as soon as their representatives can
legitimately deal with them.
TARIFF REFORM TEMPORARILY slDE-rHACKED.
1. was my purpose to summon congress In
special session early in the coming Sep
TENDER that we might enter prompt
ly upon the work OF tariff reform.
which the true interests of the country
clearly demand. which SO large a majority Of
the people as shown by their suffrages desire
which every effort of the present administra-
ton 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. 1t has seemed to me
that the financial condition of the country
should at once and before all other subjects,
be considered by your honorable body.
REPEAL OF THE SHERMAN ACT.
Earnestly recommend the prompt repeal O.
the provisions OF the act passed July ii, 1890,
authorizing the purchase of silver bullion,
and that other legislative action may
put beyond all doubt or mistake
the intention and the ability Of the
government to fill it's pecuniary obligations in
money universally recognized by all civalized
countries.
tSignedl GROVER CLEVELAND.
Executive Mansion, Aug. :, 1898
The message was listened to with in
tense interest by the members of the
house, and at the conclusion of it's
reading was greeted with general APP
plause not confined to any section Of
the chamber.
The Michigan election case pending
between Richardson and Belknap was
then taken up.
SENATE.
The senate met at noon, and after
the morning routine took a recess UNI
til 1915 to await the arrival of the
presidents message.
Rev. Mr.. Milburn, the new chaplain
of the senate, made the opening prayer.
The journal of yesterday was read
by the new secretary CT the senate, Mr..
Cox.
The credentials of Mr.. George C.
Perkins, under the appointment of the
governor of California, in place of the
late Senator Stanford, were presented
and read, and the oath Of Office was adj
ministered to the new senator.
TELEGRAPHIC BREVITIES.
Reteenchment and salary cutting Is going on