The enterprise. [volume] (Wellington, Ohio) 188?-1899, 1895-12-25
A MEASURE OF RELIEF.


President Cleveland Asks Congress to Pro-
vide It for the Drainage of Gold From
the Treasury.
WASHINGTON, Dec 2L-The follow
ing special message was received yes
terday by congress from the president
on the subject of bonds:
To the Congress-In my last annual message
the evils of our present financial system were
plainly pointed out and the causes and means
Of the depletion of government gold were eA-
planned 1t was therein stated that after all the
efforts that had been made by the executive
branch of the government to protect our solu
reserve by the issuance OF bonds amounting 70
more than Sl62,OOO,OO0 such reserve tnen
amounted TO but little more than S9,OOOuOVi
that about $40 100000 had been Withdrawn from
such reserve during the month next previous 10
the date of that message, and that quite large
withdrawals for shipment In the immediate Iu-
ture were predicted. The contingency theh
feared has reached us and the wlthdraWals Vi
gold since the communication referred to, ana
Others that appear inevitable, threaten such
depletion IL our government gold reserVe as
bring us face to face with the necessity ol lur-
ther action for its protection. This condition
is intensified by the prevalence Uncertain qua'-
ters of sudden and unusual Apprehension anu
timidity In business circles
We are in the midst of another season OF per-
pleyity caused by our dangerous and tatuous
operations These may be expected to recur
with certainty as long as there is no amehu-
ment in our financial system. II IN TINS par
ticular instance our predicament Is at al IN
Auenced by n recent insStence upon the posi-
tion we should occupy in our relations 10 Ger
tain questions concerning our foreign policy,
this furnishes a signal and impressive warming
.s,et, NfVnn nj n
is not an adequate substitute for sound hnah-
cial policy.
OF course there can be no doubt in any
.houqhtful mind MS to the complete solvency Of
our nation, nor can there be any just apprehen-
sion that the American people will be satlsheu
with less than an honest payment OF our pupnc
obligations in the recognized money OF 1nc
world. We should not overlook the lact now,
ever, that aroused fear is unreasoning anu
must be taken into account in all chorus u
avert public loss and the sacrifice OF our peo-
pies interests.
The real and sensible cure for our recurrlnt
troubles can only be effcted by cohpiet'
change In our financial scheme Pending tnat
the executive branch of the government WI
not relax it's efforts nor abandon its deterhlna
tion to use every means within its reach U
maintain before the world American credit no
will there be any hesitation in exhibiting u
confidence in the resources OF our country ah
the constant patriotism of our people
In view, however, of the peculiar situate
now confronting us, have ventured to herei
express the earnest hope that the congress-
default of the inauguration of u better systei
Of finance will not take recess from It's laDoi
before it has by Legislative enactmentS OF de'
laration done something, not only to remii
those apprehensive among our people that u
resources of this government and a scrupulo'
regard for honest dealings afford sure qua
antee Of unquestioned safety and soundnes
but to reassure the world that with these IA
tors and the patriotism of our citizens tho apl
ity and determination Of our nation 70 meet
any circumstances every obligation it incurs
not admit OF question
l ask at the hands OF the congress su
prompt aid as it alone has the power to give
prevent in a time of fear and apprehension a
sacrifice OF the people interests and the pu
lie funds or the impairment of our public cree
in an effort by legislative action to relieve
dangers OF the present emergency.
GROVER CLEVELAND
EVecutivc Mansion. Dec. 20, lS0j