Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1893-09-28
GROWERS POSITION
The President Writes a Letter
on Finances.
HIS VIEWS ON SILVER REITERATED


Opposed to Free Coinage without an In
ternationaI Aeree.nent-As Rt
the Delay in the senate, and Appre-
hensive That 1t VIII Result Di>astrousIy
Bay State Democracy Believes There
Is Luck IN a Namc-Peuusy lyania Re
publican League.
ATLANTA. Sept. 2S-TAe Constitution
prints letter from President Cleveland
to Governor Northen in which the presi-
dent states his position on the financial
question at some length. The letter Is in
reply TO one written by Governor Northen
on the 18th inst. The governor refuses TO
give his letter out for publication. but II
Is known that il presented a graphic con-
dition Of the political situation in Georgia
and the south, and urged upon the presi-
dent the expedIency of public utterance
from him more comprehensive than his
recent message as TO the proper policy TO
be pursued 10y congress upon questions al
fectin2 the stringency Of the times and the
needs of the people
saws He Has Been Very Explicit.
The presidents reply Is dated Sept. %
and j. follows:
''MY DEAR SIR: I hardly know how 10
reply to your letter OF the 18th inst. 1t
seems 10 me that | am quite plainly on
record concerning the financial question.
My letter accepting the nomination to she
presidency when read in connection with
the message lately sent 10 the congress in
extraordinary session appears 10 me TO be
very explicit. ! want currency that IS
stable and safe in the hands OF our people.
Will not knowingly be implicated in a
condition that viii justly make me in
the least degree answrrable 10 any labOrer
or farmer in the Cuiled States for n
shrinkage in the purchasing power OF the
dollar he has received for full dollars
worth of work or for a good dollars
worth Of the product OF his toll.
Wants Credit with other Nations.
= do not only want our currency to be
of such character that all kinds of dol,
lars will be OF equal purchasing power at
home, but | want it TO be OF such a char
acter a. viii demonstrate abroad our wis
dom and goot faith, thus placing upon a
finn foundation our credit among the ma
tiOns OF the earth. l want our financial
conditions and the laws relating to oul
who have money will spend and invest il
in business and new enterprises, instead OF
boarding it. You cannot cure fright by
calling II foolish and unreasonable, and
you cannot prevent the frightened ma
from boarding his money.
His Position silver.
i want good, sound, and stable money
and condition Of confidence that " IL
keep ii in use. Within the limits Of what
l have written am friend of silver, but
i believe its proper place in our currency
can only be fixed by read justment of oul
currency legislation and the inauguration
of a consistent and comprehensive finan
cial scheme. ! think suCh thing can onl1
be entered upon protitably and hopefully
after the repeal OF the law, which i
charged with all our financial woes. II
the present state of the public mind thi
law cannot be built upon nor patched il
such way H. to relieve the situation.
Opposed to Unlimited Coinage
81 am, therefore, opposed TO the free ant
unlimited coinage of silver by this countr,
alone and Independently, and / am il
favor of the immediate and unconditional
repeal of the purchasing clause of the 80
called Sherman law. | confess / am as
tonished at the opposition in the senat
to such prompt action as would reIiev
the present unfortunate situation. NJ
daily prayer Is that the delay occasicnet
by such opposition may not be the caus
of plunging the country into deeper de
preston than it has yet known, and tina
the Democratic party may not be justl
held responsible for such a castrophe
Yours very truly, GROVER CLEVELAND"