The Philipsburg mail. [volume] (Philipsburg, Mont.) 1887-current, 1893-08-10
GROWERS MKSSAGE
Urges Unconditional Repeal
of the Sherman Law.
SELLS HIS COUNTRY TO GOLD BUGS
The Buzzard Bay Fisherman Violates
the Pledges of His Party -
Traitor in the Highest Office
Within the Gift OF the Amer
lean People = Treachery.

WASHINGTON, d. c., August s, 1S93-
Following is the full text of President
Cleveland's message to the extra session,
read before congress to-day.
To THE CONGRESS OF THE UNITED STATES
The existence of an alarming and ex-
traordinary business situation, involving
the welfare and prosperity of all our
people, has contrained me to call to-
gether in extra session the peoples
representatives IN congress, to the end
that through the wise and patriotic exer-
else Of the legislative duty with which
they are solely charged, the present evils
may be mitigated and dangers threaten
ing. for the future may be avoided. Our
unfortunate financial plight is not the
result Of unJoward events, nor Of con
ditions related to our natural resources;
nor is it traceable to any Of the afaictlons
which frequently check our national
growth and prosperity. With plenteous
crops, with abundant promise Of re-
hunerative production and manufac-
lures, with unusual invitation to safe
Investment and with satisfactory assur
ance to business enterprise, suddenly
financial distrust and fear have sprung
up on every side. Numerous money in
stitutions have SUSPENDED because abun-
dant assets were not Immediately avail
able to meet the demands frightened de-
positors. Surviving corporations and
individuals are content to keep in hand
money that they are usually anxious to
loan; and those engaged in legitimate
business are surprised to find that the
securities they offer for loans, though
heretofore satisfactory, are no longer ac-
cepted. Values supposed TO be fixed are
fast becoming conjectural, and loss and
failure have invaded every branch Of
business. ] believe these things are
principally chargeable to congressional
legislation touching the
PURCHASE AND COINAGE OF SILVER
by the general government. This legis-
lation is embodied in the statute passed
the 18th of July, 1880, which was the
elimination of much agitation on the
subject involved and which may be con
4sidered a truce, after a long struggle.
between the advocates of free silver coin
age and those intending to be more con-
'servative. Undoubtedly the monthly
purchases by the government Of 4,50O,-
600 ounces of silver, forced under that
statute, we're regarded by those inter-
ested in silver production as certain
guarantee of it's increase in price. The
result, however, has been entirely diffe-
rent, for, Immediately following the spas
modic and slight rise, the price
of silver began to fall after the
passage of the act and has since
reached the lowest point ever known
This disappointing result has led to a
renewed and persistent effort in the
direction of free silver coinage. Mean
while, not only are the evil effects Of the
operation Of the present law constantly
accumulating, but the result, to which
It's execution must inevitably lead, is be-
coming palpable to all who give the
least heed to financial subjects. This
law provides that in payment for four
million five hundred thousand ounces of
silver bullion, which the secretary Of the
treasury is commanded to purchase
monthly, there shall be issued treasury
notes, redeemable on demand IN gold or
silver coin, at the discretion of the secre-
tary of the treasury, and that said notes
may be re-issued. 1t is, however, de-
clared in the act to be "the established
policy Of the United States to maintain
the two metals upon parity with each
other upon tne present legai raylo, or
;n saGn [a1,o y my pe proY,dgu pyiaw
the secretary of the treasury as to pre-
vent his exercising the discretion nom
many ln vestea M ID MN. Il py suGn actlon u
- pari.y pe1Ween golu anu sl.ver my g.,
~ ulsluapeu, manllesliy Ine leiusal y
as demanded, would necessarily result
~ tneir ulscleaiI ana oePreciaoloh q
e9a payap.e Oily - sarYer' ah h
mouiu ,u1seLp me pallcE neIW9en ne
IVY neGats ~ w esgaolisni1g ulsc1t!n
inatlon l n LaVGr aoo Of fold: Up 70 16e @ lotn
aay u uiy, loyo, .nesg noIes mau peen
hasa tSsueu = ayhler,o -. stlyef pnllon Pul,
e117nno ehasSm W. 1ny Wh aoun' u o more .nam
oh4 ,pooe me a'l puI d very slnail
"a - ynts lG.,'alns
anu wltiont uss luiness - !le treasury
y n1 ~ nne Ie; ise lof Th;1 rts pMase
t.atea p9vn atu - Eglu s+t4
The LIST day OF May, 1882, and the 10Th