The herald., 1895-12-21

contingency then feared has reached us.
and the withdrawal of gold since the COM
munication referred to and others that APP
pear inevitable threaten such depletion in
our government gold reserve as bring US
face to face with the necessity for further
action for it's protection. This condition is
intensified by the prevalence in certain
quarters of sudden and unusual apprehen-
sion and timidity in business circles.
We are in the midst of another season
OF perplexIty caused by our dangerous
and fatuous financial operations. These
might be expected TO recur with certainty
as ,ong as there is no amendment in our
financial system. If in this particular in
stance our predcament - at al in1u-
enced by recent insistance upon position
we should occupy in our relation to certain
questions concerning oar foreign policy.
this furnishes signal and impressive warn
ing that even the patriotic sentiment of
our people is not an adequate substitute
for a sound financial policy. OF
course there can be no doubt in any
thoughtful mind as to the complete SOL
vency OF our nation. nor can there be any
just apprehension that American people
will be satisfied with less than an honest
payment of our public obligations in the
recognized money of the world.
We should not overlook the fact, how
ever. that aroused fear is unreasonlng and
must be taken in account in AL efforts to
avert public loss and sacrifice our peoples
interest. The real and sensible cure for
our recurring troubles can only be effected
by complete change in our financial
scheme. Pending that. the executive
branch of the government will not relax
its efforts nor abandon its determination
TO Use every means within its reach to
maintain before the world the American
credit; nor will there be any hesitation in
exhibiting its confidence in the resources
,atu tr;<x
of our people.
In view. however. of the peculiar situa-
ton now confronting us | have ventured
to herein express my earnest hope that
congress, in default of the Inauguration of
q better sy stem of finance, will not take a
recess from its labors before it has, by leg
islative enactment or declaration, done
something not only TO remind those appre-
hensive among our people that the re-
sources of this government and its scrupu-
lous regard for honest dealing afford sire
guarantee of unquestioned safety and
soundness, but to reassure the world that
with these factors and the patriotism of
our citizens the ability and determination
OF our nation to meet in any circumstances
every obligation it iEcurs does not admit
of question. I ask at the. hands of oon-
gress such prompt aid as it alone has
power to give, to prevent. in time of fear
and apprehension, any sacrifice of the
peoples interests and public funds for the
impairment of our public credit in it's
effort, by executive action. to relieve the
dangers of the present contingency.
GROVER CLEVELAND.
Executive Mansion, December 20, 1895.
The reading was followed with close at
tention. but the senators. absorbed with
the stirring events of the debate, were
ready to ADJOURN without immediate con-
sideration of the message, and the senate
adjourned till tomorrow on motion of Sem
ator Cockrell.
The house resolution for the holiday re-
ess was amended in the senate so as to
provide for adjournment from tomorrow
until January 9Th. This proceeding was
accompanied by an explanation from the
Democratic side of the chamber that it
would be impossible for them o complete
their committee arrangements even if the
senate did remain in session until Tuesday
next.
|, The senate in executive session made
the following confirmatons: Postmaster
John r. Matthews, Los Angeles, Cal. Also
Frank A. Bran'gan Of Ohio to be- chief OF
tho bureau of accounts in the department
of state of the United States.