The Delta independent., 1895-12-11
GROWERS GRIEF.
Is Poured out Upon tho Ears OF his People
at the Assembling Of Congress.

President Cleveland's message to
Congress is now in print and it demons
trates conclusively that his aptogonism
to the interests OF the entire people Of
America is still as great as the girth OF
his neck but that he realizes that some
how his gold bond panacea has proven a
failure. Notwithstanding that he has
applied his treatment in allopathic doses
he atiirrls that still larger doses are
necessary and that it is very doubtful
whether they will prove ef,icacious. II
any individual employed a physician
who thus frankly acknowledged his in
ability to cope with disease and who
would not consent to change his pre-
scription they would most assuredly
change physicians, and this is what the
United States will do at the next election.
He says 1T is pleasing to note that the
efforts we have made to enlarge the ex-
changes of trade (by taking the tariff off
wool on a sound basis OF mutual benfit,
are, in this instance, appreciated by the
country Argentine Republic, from which
our Woolen factories drew their needful
supply OF raw material" 1t is unneces-
sary to speak OF the pleasure with which
Colorado wool growers will read this
splendid conclusion.
When Grover strikes the interesting
theme OF finance he says. speaking Of
his Issuance OF bonds to bolster up the
gold reserve, when added to all this we
are reminded that to carry out this
astounding financial scheme the govern
ment has incurred a bonded in de b tedness
Of 95,5Gn,oOO in establishing u gold re.
serve, and Of sl62,3l5,iOO in efforts to
maintain it. that the annual interest
charge on such bonded Indebtedness is
more than Sll 900, ,0OO; that 4 continuance
in our present course may result in
'urther bond issues. and that we have
suffered or are Threatened with all this
for the sake OF supplying gold for foreign
shipment or facilitating its boarding at
home, situation is exhibited which
certainly ought 10 arrest attention and
provoke immediate legislative relief"
1t is truly astounding that a government
should spend its substance SO foolishly.
He is SO utterly absorbed in forcing
his gold ideas that he says Il am con
vinced the only thorough and practical
remedy for our troubles is found in the
retirement and cancellation OF our
United States notes. commonly called
grecnbaclis, and the outstanding treasury
notes issued by the government in pay
ment Of silver purchases under the act
OF 1892" and then goes on to propose
further issues OF interest bearing bonds
with which TO procure gold wherowith
TO retire these notes.
He attributes all the financial ills TO
the purchase and coinage OF silver.
although both ceased prior to the panic
The greatest untruth he uttcrs in the
entire message is as follows: Our coun-
trys Indebtedness, whether owing by
government, or existing between in
dividuals, has been contracted with ref
erence to our present standard. To de
cree, by act OF congress, that these debts
shall be payable in less valuable dollars
than those within the contemplation and
~. '--N faA siVS NiCAl
would operate 10 transfer, by the fat Of
law, and without compensation, an
amount OF property and volume OF
rights and interests almost incalculable."
The facts are that the bulk of the in.
debtedness mentioned was created either
when gold was at heavy premium or.
later. during the time when silver was at
n premium or nearly at par and the
stoppage OF the Use OF silver for the
purpose of money has brought about the
panic and with it the loss OF fincalculable
Millions OF property through foreclosure
and attachments following in its train.
Hc closes with an appeal to congress
to cure the ills Of financial plight into
which his fatness has plunged the nation.
Tue MycYcpy oC MuI