The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-09-28
GROVER ON THE CURRENCY.
The President Replies TO a Letter
From Gov. NOTthen.

The President Unfaltering in His
Stand for a Currency That is Safe
and Stable-Silver's Place in the
Currency Must be Fixed by a Re-
adjustment of Financial Legisla-
tion-He is Firm for Repeal of the
Sherman Law and Opposed to Free
Coinage Under Present Conditions.
Atlanta, Ga, Sept 27.-The Constitu-
ton tomorrow will print letter from
President Cleveland to Gov. Northen, in
which the President states his position
on the financial question at some length.
The letter is in reply to one written by
Gov. Northen on the 18th instant. The
governor Jefuses to give his letter out for
publication, but it is known that it pre-
sented a graphic condition of the political
situation in Georgia and the south, and
urged upon the President the expediency
of public utterance from him
more comprehensive than his re-
cent message as to the proper
policy to be pu rsued by congress
upon questions affecting the stringency
of the times and the needs of the people.
1t is understood that in his letter
Gov. Northen pointed out the in
roads being made in the democratic
ranks by the populists by reason of the
neglect or delay on the part of
the democratic majority in congress to
meet legislation on the line of the party
platform and pledges. He dwelt especial
ly upon the financial condition and politi-
cal interests of the farmers of the south,
who constitute so great proportion of
the democracy.
THE PRESIDENTS REPLY.
The Presidents reply to that letter was
received this evening as follows:
Executive Mansion, Washington, Sept.
81, 1s9S-Hon. w. j. Northern: Ny Dear
Sir-I hardly know how to reply to your let
ter of the 18th. inst. 1t seems to me that
am quite plainly on record concerning the
hnan ;lal question, My letter accepting the
nomination to the presidency, when read in
connection with the message lately sent to
the congress in extraordinary session, appears
to me to be very explicit.
l want a currency that is stable and safe In
the hands of our people. l will not knowingly
be implicated in condition that will Justly
make me in the least degree answerable to
any lahOrer or farmer in the United States
for shrlnkage in the purchasing power of
the dollar he has received for full dollars
worth Of work, or for good dollars worth of
L
currency to be of such a character that all
kinds of dollars will be of equal purchasing
power at home, but want it to be of such
character as will demonstrate broader wis
dom and good faith thus pla ling upon firm
foundation our credit among the nations Of
the elrth
/ want our financial condition and the laws
relating to or curr ency so o and reassur-
ing hat those who have honey will spend
ana invest it in business and new enterpris
instead Of boarding it. You cannot CT r.
fright by calling it foolish and ulreasona lie.
and you cannot prevent the frightened m IN
from boarding his money. l want good
sound and st 10 money, and a condition Of
confidence that will keep It in use.
Within the limits of what have written, 1
am friend of silver, but l believe it's proper
place in our currency can only be fixed by
readjustment Of our currency legislation and
the Inauguration of a consistent and compre-
hensive financial scheme. l think CHI a
thing can only be entered upon profltaby and
hopefully. after the repeal of the law. which
is charged with all our financial woes. In
this law cannot be BUTT upon,
nor patched in su a way as to relieve the
situation. 1 am, therefore, opposed to the
free and unlimited coinage of silver by this
country alone and indie Dendenty, and am in
favor of the immediate and unconditional re
peal of the purchasing clause of the so-called
Sherman law.
1 confess that I am astolished by the oppo-
stion In the senate to such prompt action as
would relieve the present unfortunate stu
alton. My daily PRAYER is that the delay oc-
casiOned by such opposition may not be the
cause of plunging the country into deeper de-
press than il has yet known, and that the
DemOci attic party may not be justly held re-
sponsible for such catastrophe. Yours
very trulV GROVER CTEVFTAND