The Caucasian. (Clinton, N.C.) 188?-1913, 1893-08-17
PRESIDENTS NEMAGE.
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throssx- s.n.r~s latsTnAssoa.s 90 es-va-
tasaa ssasA asgrswuaea9. IL j. u'sxaaas shat ehT
t-Gstsz3 Stzses ~lgi az - IA = r.o.sg4ou 10
gain a hearing IA favor af saek as az
Eaagvnent - long a. VT are wtlltns to
result siugi. handel
W. a~nna. nsk. F,ss a.1-y.
The knu~lesise ia ba.ls~ss esrvi~.
sfneug our own p~opls that osr Eus~ru-
navns cAnnot make it, Eat equivalent To
iutTtnslc value nor Keep infrrIog tausasy ur
a panty with superior MONEY by It's own
independent efforts has resulted in such =
hssk Il confidence Al home ia the STABILITY
Of currency vxiass that capital REFUSE. it,
aid 20 nevs enterprises. h4ls millions are
actually withdrawn from the channels u
trade and commsrc~ "a become Idle and
unproIuct4Se 10 tic hands of umid own
er~ Forssgn investors. equally alert. not
only decline a. purchase American s~vur-
itivs. hut make haste TO sacrifice thg>s
which they already have.
/; does meet the situation To >ay that ar,-
prvheu,ion Ia regard 10 the futurr Of our
finances is sruuutlrss and that there is no
ftsS4ff TOT EsNA % Ai1lEts2FAtE &iA tue HHE
Poses ar power oG the government in the
premises The very existence of this sp
pr~heu>ion and lack ot confidence. how
ever caused. - a menace which ought not
for a moment to be disregarded Possibly
If the undertaking We have in hand were
the maintenance OF specific known
quantity Of silver at "A parity with gold our
ability 10 do % might be estimated aud
paralleled growth Aud resources. migh he
favorably passed upon But when our
aynwed endeavor Is to maintain such
parity in regard To An amount of silver Ia
creasing AT the rate of SO da. 90 yearly
with no fixed termination TO such increase
1t can hardly ise said that problem Is
presented whose solution Is free from
doubt
A stable Currency Demanded.
The pc pie OF the United States are en-
titled 10 sound and stable currency and
TO money recognized a. such on every ex.
change and in every market of the world.
Their government has no right to injure
them by financial experiments opposed 70
the policy and practice OF other civilized
states, nor is Il justified in permitting an
exaggerated and unreasonable reliance on
Z
pard the souudness of the peoples money
! Thi. matter rises above the plane OF
party politics 1t vitality concerns every
business. and calling and enters every
| household OF the land There il one i'm
portant aspect of the subject which es
pecially should never be overlooked. Al
times like the present. when the evils oi
unsound finance threaten us, the specula
| 4, har har a.
from the Misfortune of others. the capital
list may protect himself by boarding ol
may even find profit in the fuctuation OF
values; but the wage earner-the first tt
be jlred by a deprecated currency ant
the last 10 receive the benefit Of its correc
tion-is practically defenseless. He relic'
for work upon the ventures OF conilden
and contented capital.
This failing him, his condition is with
out alienation, for he can neither prey OF
the mi%fortnnes of others nor hoard his
labor. One of the greatest tatesmen GU
country has ever known, speaking NOR
than fits years ago. when IA dernngemen
of the currency had caused commercial
distress, said:
The very man of all OF hers who has tn
deepest interest In a sound currency an,
who suffers most by miscellaneous legisla
tior in money matters is the man VIII
earns his daily bread by his daily toll. "
Prompt Relief Required.
These words are a. pertinent now as Of
the day they were uttered, and ought t.
IimpresSively remind US that failure in tn
discharge of our duty at this time mus
especially injure those of our countryme
who labor, and who, because of their nun
Der and condition. are entitled to the mos
watcnful care of their government.
1t ia of the utmost Importance that sue
relief as congress can afford III the existin
situation be afforded at once. The maxiI
he gives twice who gives quickly"
directly applicable. 1t may be true tina
the elnbarraSsments from which the bus
ness of the country is suffering arise d
much from evils apprehended as froI
those actually existing. We may hop
too, that calm couusels will prevail, an
that neither the capitalists nor the waa
earners VIII give way to unreasouing pam
and sacrifice their property or their int
J est. under the influence OF eXaggerate
feais. Nevertheless, every days delay
, removing one of the plain and princip'
: causes Of the present state Of things el
, lalges the mischief already done and il
, cree,>es the responsibility of the COVER
3 nent for its existence. Whatever else II
people have a right to expect from CO.
> gress, they may certainly demand tn;
legislation condemned by the ordeal
) three Years disastrous experience shall
I removed from the statute books rs soon
their representatives can legit!mateiy de
with il.
Work Of Tariff RETURN.
1t was my purpose to summon congre
in special session early in the coming Sc
TENDER that We might enter prompt
t upon the work of tariff reform, which q
: true interests of the country clearly d
s mand, which so large majority of Z
t people, as shown by their suffrages, desi
: and eh pect, and TO |, accomplishment
9 which every tffolI OF the present admin
tratirn l. u edged. But while tariff
: form ha~ lost nothing Of its lhIniedir
S and pcrmr.ii,nt importance. aud must
@ the near inturt engage the attention
4. congress. II has seemed TO me that (
financIrl condition ui the country ~nou
at once and before all other subjects
e considered by o,.r honorable body.
n earnestly recommend the prompt
peal of the provisions OF the act pass
July "A, 1899, authorizing the purchase
silver bullion, and that other legislati
action may put beyond all doubt or III
d take the intention and the ability of I
r government TO fulfill its pecuniary OF
: Cations in money universally recognlz
by all civilized countries.
e GROVER CLEVELAND
, Executive Mansion. Aug. Z. 1898.