The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1895-04-20
CLEVELAND ON FINANCE.
he Urges the Agitation OF tho Adoption
OF a Stable Currency.

OF a Stable Currency.
WASHINGTON, April IS. - President
Cleveland has declined the invitation
OF Chicago business men 10 visit that
city and 10 speak In the interests of
sound money. In his letter of declina-
ton he says:
hope the event will mark tho beginning Of
an earnest and aggressive effort 10 dissemi-
/ nate among the people safe and prudent imam
cial ideas. Nothing more important can en-
gage the attention OF patriotic citizens, be-
cause nothing Is so vital 20 the welfare OF our
/ feilow-counlrymen and TO the strength. pros
perity and honor OF our nation
Tho situation we are confronting demands
/ that those who appreciate the importance OF
this subject and those who ought 10 be the
nrst 70 see impending danger should no longer
remain Indifferent or overconhdent
IF the sound money sentiment abroad In the
land Is 10 save us from misc hief aud disaster 10
/ must DO crystalllzed and combined and made
immediately active IL Is dangerous 10 overlook
| the fact that vast number OF our people. with
scant opportunity thus far TO examine the
question In all It's aspects have nevertheless
been ingeniousiy pressed with specious sug-
gestlons which in this time OF misfortune and
depression ind willing listeners. prepared 10
give credcnee 10 any scheme which is piausioly
prescntcd as q remedy for their unfortunate
"tvhat IS now needed more than anything
/ else is q plain and simple presentation OF the
! argument In favor OF sound money In other
words IL Is tlmo for the American people 10
reason together as members OF great
nation which can promise them con-
| tinuance Of protection ard safety only 20
long as It's Insolvency Is unsuspc led its honor
unsullied and the soundncss OF its money un-
! Quegtioued These things IN exchanged
| for the illusions OF a debasod currency and
| groundless hope OF advantages TO DO gained by
4 .ra OF ma
mercial standing among the nations OF tho
/ world.
"If our people were isolated from all others
and n the question OF our currency could DO
treated without regard 10 our relations
/ % other countries its character would be
a matter OF comparatively little importance.
/ II the American people we're only
| concerned In tho maintenance OF their
! life among themselves they might return
/ 10 the old days OF barter aud In this primitive
manner acquire from each other the ma
terlals 70 supply the wants OF their existence
| hut II American civilization were satisfied
with this IL would abiectly fail In It's high and
noble mission.
In these restless days the farmer is tempted
! by the assurance that. though our currency may
be debased. redundant and uncertain. such
situation will improve the price OF his products,
| Let us remind him that he must buy as we'll as
/ sell. that his dreams OF plenty are shaded by
the uncertainty that II tho price OF the things
| he has 70 sell IS nominally enhanced. the cost
| OF the things he must buy will not remain
stationary: that the best prices. which chenp
money proclaims, arc substantial and
| elusive, and that even II they were right and
| palpable he must necessarily be left FAR be-
hind In the race for their enjoyment.
III ought not 10 be dinicult TO convince tho
wage-carncr that II there were benefits arising
| from a degenerated currency they would roach
/ him least OF al, and last OF all In an un-
/ healthy stimulation OF prices an increased cost
| OF All the needs OF his homo must long be his
portion. whilo he IS at the same time vcxed
! with vanishing visions OF Increased wages ana
| an easier lot The pages OF history ana OK
perience are fun OF this lesson
! IAN insidious attempt Is made TO create
prejudice against the advocates OF safe and
sound currency by the insinuation, more or
less directly made That they belong 10 hmm
cial and business classes and are therefore
not only out OF sympathy with the common
people OF tho land, bat for selfish and wicked
purposes arc willing 10 sacrifice the intercnts
OF those outside their circle
IL believe that capital and wealth, through
| com binntion and other means, sometimes gain
an undue advantage; and II must be conceded
| that the maint0inance Of "a sound currency may,
/ IN u sense, be invested ia greater OF less im-
portance 20 individuals according 20 their con-
dltion and circumstances IL IS however only
q difference in degree. since Il Is utterly im-
] possible that any one IA our broad land, rich
| or poor. whatever may be his occupation, and
| whether dwelling IN center VI finance aud
commerce or IN remote corner OF our domain,
4 can be really b9nentod by financial scheme
not alike beneficial 10 all our people, or that
any one should DO excluded from common
ana universal Interest in tho safe character
ana stable value ofthocurrensy OF tho oountry
In or relation 70 this question we are oil la
\ business, for we all buy and sell, so We all have
10 DO with financial operations. for wo al
earn money ana spend IL We cnanot escape
/ our interdcpendencc. Merchants and deal
| ers are in every nolghborhood and each has
/ fits shops and manufactures Wherever the
/ wants OF man exist business ana finance in
some degree are found. related In ono dircc-
| ton 10 those whose wants they supply and
I IA another To the more extensive bust
ness and finance TO which they arc tributary.
a fuctuaton IN prices az the seaboard is
| known the same day or hour IA the remotest
| hamlet The discredit or depreciation In imam
J cial centers OF any form OK money In the hands
/ Of the people Is signal Of immediate loss
| everywhere.
'lf reckless discomfort and wild experiment
should sweep our ourrcncy from It's safe sup
port the most dofenselesS OF al who su1cr la
that time OF distress aud natioaal discredit
| VIII be the poor AS they reckon the loSs In
| thoir Scanty support, and the laroror and
wOrllingmnn as he sees tho money he has re-
| ceiycd for his toll shrink and shrivci IN his
hand when he tenders Il for the necosssTies 70
supply his humble home Disguiue IL
as We may, the line OF battle Is drawn
between the forces OF safe currency and those
OF silver monouctallism. j will not believe
that II our people are afforded an intcld-
gent opportunity for sober second thought
they will sanction schemes that, however
cloakcd. mean disaster ana confusion, nor that
they Will consent, by undermining the founda-
tion OF u safe currency. 70 ondangor the bcncni-
cent character and purposes OF their govern
mcnt Yours very truly.
GROVER CLEVELAND"