Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1895-12-24
TO COUNTRY'S AID.
President Sends Another Special
Message to Congress.
Asks Immediate Action on Financial
Question-Possible Makeup
Of Commission.

Question-Possible Makeup
of Commission.
Washington, Dec. 21.-In the senate
ut 1880 p. m. Friday the following spe-
cial message was received from the
president on the subject Of bonds:
ITO THE CoNoREss: In my last annual
message the evils of our present finan-
cial system were plainly pointed out aad
the causes and means Of the depletion Of
gold were explained. 1t was therein stated
that after all the efforts that had been
made by the executive branch Of the gov
ernment to protect our gold reserve by
the issuance of bonds amounting to more
than $162, 900. such reserve then amount
ed to but little more than $4,000. 600; that
about Sit, 900 had been withdrawn from
such reserve during the month next pro-
vious to the date OF that message, and that
quite large Withdrawals for shipment In
tho immediate future were predicted.
Immediate Action Necessary.
'"The contingency then feared has
reached us, and the withdrawals of gold
since the communication referred to and
others that appear inevitable threaten
such depletion in our government gold
reserve as brings us face to face with
the necessity of further action for Its pro-
lection. This condition is intensified by
the prevalence IN certain quarters Of sud-
don and unusual apprehension and timidity
IN business circles. We are in the midst OF
another season of perplexity caused by
our dangerous and fatuous financial OPP
erations. These may be expected to recur
with certainty as long as there is no
amendment In our financial system. II In
this particular instance our predicament Is
at all Influenced by q recent insistence upon
AkA Natkl To-,
lations to certain questions concerning our
foregn policy, this furnishes signal and
Impressive warning that even the patriotic
sentiment OF our people is not an adequate
substitute for sound financial policy.
Nations solvency Unquestioned.
''Of course there can be no doubt in any
thoughtful mind as to the complete SOL
rency OF our nation. nor can there be any
tust apprehension that the American peo-
pie 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, however, that
aroused fear Is unreasoning and must be
taken into account in all efforts to avert
public loss and the sacrifice Of our peoples
interests. 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
10 use every means within its reach to
maintain before the world American
credit, nor will there be any hesitation in
exhibiting its confidence in the resources
Of our country and the constant patriotism
Of our people.
Asks Congress to Act.
In view, however, of the peculiar situ-
alton now confronting us. have yentured
to herein express the earnest hope that the
IN, dnfo 49, l,,f
better system of finance, will not take q
recess from Its labors before 1t has by leg
tblattve enactment or declaration dono
something not only to remind those apDre-
henstve among our people that the re-
sources OF this government and scrupu-
lous regard for honest dealing afford sure
guarantee of unquestioned safety ami
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 1t incurs do not admit of
any question. ask at the hands Of the
congress such prompt aid as 1t alone has
the power to give to prevent in a time of
fear and apprehension any sacrifice of the
people's interest and the public funds or
e ene pa Of credit in an
dangers & the 5fssssas, sz,as.see y'eVe 'ne'
'GRoS~S ssaEvELAND.
Executive Mansion. Dec. 20. 1895"
The Cabinet Meets.
The message was the outcome of
session of the cabinet. Reports of
the serious condition of affairs in Wall
street had been coming i'll for an hour,
and after the cabinet assembled these
were sent as fast as received to the
treasury officials, who dispatched the
information to Secretary Carlisle at
the white house.
Before the session had lnsted two
hours, decision had been reached to
send to congress the message trans
mitted later. AT 1880 o'clock it was de-
cided BY the assembled officials to take
recess in order to give the president
IN opportunity to draft the message
1t was 4:40 o'clock when the cabinet
meeting adjourned. Twenty minutes
before that time Mr.. o. H. Pruden, as
sistant secretary to the president, had
started from the white house for the
capitol with copy of the message to
be delivered to the senate.
How 1t Was Rece lived.
The message is received with wide
spread establishment on oil sides. Few
can be found who care to express an
opinion for publication either upon its
merits or as to the course which con-
gress would probably pursue. Private
~, republican members of the house
severely criticised the president. 1t
was contended by number of these
gentlemen that the measure was i'll
advised and unnecessary; that
Its effect would be to add
to the gravity of the situation
and that congress is in no position at
the present time to afford the relief de-
sired. Leading republicans say that no
measure satisfactory to them can either
pass the senate or receive the presi-
dents sanction. On the other hand,
the house, they assert. will not agree
to any measure looking to the retire
ment of the greenbacks and the SUBJ
stitution therefor of gold interest
bearing bonds. Speaker Reed declined
to express an opinion respecting the
message. He thought it not unlikely
that congress might remain in session
with view to assisting the executive
as far as lay in its power, but beyond
this he declined to talk.
Seeks Heavy Damages.
Madison, Wis, Dec. 21.-The suit of
-sfvV