Arizona weekly citizen., 1893-08-19

III permitting an exaggerated and un-
reasonable reliance on our national
strength and ability to jeopordize the
soundness of the peoples money. This
matter rises above the plane of party
politics. 1t vitality concerns every busi-
ness and calling, and is of interest to
every household in the land.
Here is one important aspect ot the
subject which especially should never
be overlooked. At a time like the
present, when evils of unsound finance
threaten US, the speculator may anti
cipate harvest gathered from the
niisfortunes of others.
THE WAGE GARNER DEFENsELEss.
The capitalist may protect himself by
boarding, or may even find profit in the
fluctuations of value; but the wage
Garner, first to be injured by deprecated
currency, and last to receive the benefit
of its correction, is practically defense
less. He relies for work upon the
ventures of confident capital. This fail
ing him, his condition is without allevia-
ton, for he can neither prey on the
misfortunes of others nor hoard his
labor.
One of the greatest statesmen our
country has known, speaking more
than fifty years ago, when the deraDge-
ment OF the currency had caused COM
mercial distress, said: ST he very man Of
all others who has the deepest interest
n sound currency, and who suffers by
the mischievous legislation in monetary
matters, is the man who earns his daily
bread by mis- toll" These words are as
pertinent now as on the day they were
uttered, end ought 10 impressively re-
mind US that failure in the discharge
of our duty st this time must especially
inspire those of our countrymen who
labor, and who, because of their number
and condition, are entitled to the most
watchful care of their government. 1t IS.
of the utmost Importance such relief as
congress can afford In the existing situa-
ton be Afforded at once.
RELIEF NEEDED SPEEDILY.
The maxim, "He gives twice who gives
quickly" is directly applicable. 1t may
be true the embarrassments from which
the business of the country is suffering
arise as much from evils apprehended
as from those actually existing. We
may hope. too, that calm counsels will
prevail and that neither capitalists nor
wage -earners will give way to unreason-
ing panic and sacrifice their property or
their interests under the influence OF
exaggerated fears. Nevertheless, every
days delay in removing one OF ss.e plain
and principal causes of the present state
of things enlarges the mischief already
done, and increases the responsibility
of the government for its existence.
Whatever else the people have right
TO expect from congress-, they may
certainly demand that legislation
condemned by the ordeal of three years
disastrous experience shall be removed
from the statute books as soon as their
representatives can legitimately deal
with it.
TARIFF REFORM SECONDARY To FINANCIAL
LEGISLATION.
1t was my purpose to summon
congress in special session early 10 the
coming September, that we might
enter promptly upon the work of tariff
reforms, which the true interests of the
country clearly demand, and which 50
large a majority of the people, as shown
by their suffrages, desire and expect,
and to the accomplishment OF which
every effort or the present administration
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 con-
gress, it has seemed to me that the
financial condition of the country
should at once, and before all other
subjects, be considered by your honor
able body. 1t is earnestly recommended
that the prompt repeal of the provisions
OF the act passed July II, 1890, authoriz-
ing the purchase of silver bullion, be
made, and that other legislative action .
may put beyond all doubt or mistake
the intention and ability of the govern
ment to fulfil its pecUnIary obligations
in money universally recognized by
all civilized countries.
GROVER CLEVELAND.
Executive Mansion. Aug. 7, 1898.