Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1893-08-12

are actually Withdrawn from the channels OF
trade and commerce 10 become idle ana unpro-
ductive In the hands OF timid owners. Foreign
investors, equally alert, not only decline TO
purchase American securities, but make haste
to sacrifice those which they already have.
It does not meet the situation 10 say that ap
prehension In regard to the fdture OF our
finances is groundless and that there Is no
reason for lack of confidence In the purposes
or power OF the government In the premises.
The very existence of this apprehension and
lack OF confidence however caused, Is q menace
which ought not for moment be disregarded
Possibly II the undertaking We have In hand
were the maintenance OF specific known
quantity OF silver Ut u parity with gold our
ability to do so might be estimated and gagged
and perhaps, in view OF our unparalleled growth
and resources, might be favorably passed upon.
But, when our avowed endeavor Is TO MAINTAIN
such parity In regard TO an amount OF silver IN
creasng ut the rate OF SjOOOc,VO yearly, with
no fixed termination to such increase. II con
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 rs such on every exchange and in
every market OF the world Their government
has no right TO injure them by financial expert
mcnts opposed to the policy AMI practice OF
other civilized states Nor Is II Justihcd In
permitting an exaggerated and unreasonable
reliance on our national strength and ability TO
ieopardize the soundness OF the people s money.
This matter rises above the plane OF party
politics It vitality concerns every business ana
calling and enters every household In 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 SPECTATOR
may anticipate harvest gathered from the
misfortunes OF others the capitalist may pro-
tect himself by boarding or may even fnd
profit In the fuctuation OF values: but the
wage Garner, the first TO be injured by de-
preciated currency and the last to receive the
benefit of It's correction. Is practically defense
less He relies for work upon the ventures OF
confident and contented capital This failing
him, his condition Is without alienation. for he
can neither prey upon the misfortunes OF 9th.
ers nor hoard his labor.
One OF the greatest statesmen our countay
has known, speaking more than hfty years
AGO when arrangement OF the currency had
caused commercial distress, said: "lhe very
man OF nll others who has the deepest interest
In sound currency and who suffers by mis-
chievous legislation III monetary matters Is
the man who earns his daily bread by MS
daily toll" These words are rs pertinent now
rs on the day they were uttered and ought TO
charge OF our duty ut this time must especially
iniure those OF our countrymen who labor ana
who because OF their number and condition are
entitled TO the most watchful care OF their gov
ernment
nit Is OF the utmost importance that such re-
lief as congress can afford In the exs ting situa-
ton be afforded ut once The maxim. HE
gives twice who gives quickly" Is directly ap'
plicable 1t may be true that the cmbarrass-
Gao "a pnn Ia suffering arise
us much from evils apprehended us from
those actually existing We may hope. too,
that calm counsels will prevail and that
neither the capitalists nor the wage earners
will give way TO unrcasoning panic anu sac
rifice their property or their interests unuer
the influence of exaggerated fears. Nevertne-
less, every days delay In removing one oil the
plain and principal causes OF the present state
OF things enlarges the mischief already done
and increased the responsibility OF the govern
ment for it's existence. Whatever else the
people have right TO expect from congress,
they may certainly demand that legislation
condemned by the ordeal OF three years dis
| astrous experience shall be removed from the
| statute books us soon as their representatives
can legitimately deal with IT.
II was my purpose - summon congress in
special session early in the coming September
| that We might enter promptly upon the work OF
tarlU reform. WHICH tHe IuC AhtOhVoeo ~
| the country clearly demand, which so large u
majority OF the people, as shown by their
SURFACES, desire and expect and to the accom-
plishment Of which every effort Of the present
administration is pledged. But while tarlf re-
form has lost nothing of its immediate and per-
manent importance, ana must in the near fu'
| ture engage the attention OF congress. 1t has
seemed TO me that the financial condition OF
| the country should nj once and before all other
subjects be considered by your honorable BODY.
| l earnestly recommend the prompt repeal OF
| the provisions OF the net passed July u. 1881.
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 fulfill its pecuniary obliga-
| tions In money universally recognized oy all
| civilized countries. GROVER CLEVELAND,
Executive Mansion August1, 1897
| nIEEEREhNEC OE OpINiON