Pike County press. (Milford, Pa.) 1895-1925, 1895-12-27
FINANCIAL MESSAGE
cLEVELANo's SECOND LETTER TO
CONGRESS.

He Asl,s For Speedy Legislation on the
Finance Question Means or Relief For
the Depleted Treasury Reserve aud De-
creased Government Revenue.
WAsHINerov, Dec President Cleve-
land has sent the following message to
congress:
ITO the Congress:
I'm my last annual message the evils
Of our present financial system were plain
ly pointed out, and the causes and means
of the depletion OF government gold were
explained.
1T was therein stated that aftor all tho
efforts that had been made by the oxecu-
tive branch Of the government Co protect
our gold reserve by the Issuance OF bonds
amounting to more thnn slG2, COO 600
such reserve then amounted to but little
moro than $40, 600, 600; that about Sl6,-
000 600 had been Withdrawn from such
reserve during tho month next previous
TO the date Of that message and that
quito large Withdrawals for shipment in
The immediate future we're predicted.
"The contingency then feared has reach
ed us, ana the Withdrawals Of gold since
the communication referred to and others
lllAl hlINhl tAlA NttA'li o.latl q NlA
pletion in our government gold reserve as
brings ms face to face with the necessity
Of further action for its protection This
condition is intcnsiiedsby the prevalence
in certain quarters of sudden and unusual
apprehension and timidity in business
circles
1--WE are IN the midst Of another senson
Of perplexity, caused by our dangerous
and fatuous financial operations. These
may be expected to rocur with certainty
rs long as there is no amendment in our
financial system.
"If in this particular instance our pro
dicament is at all influenced by recent
insistence upon the position we should oo-
cupy in our relation TO certain questions
concerning our foreign policy, this fur
nishes a signal and impressive warning
that even the patriotic sentiment of our
people Is not an adequate substitute for a
sound financial policy.
No Doubt of Our solvency.
"Of course there can be no doubt in
any thoughtful mind as to the complete
solvenoy Of our nation, nor can there be
any just apprehension that the American
people will DO 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 unrensuning and must
be taken into account in all efforts TO
avert public loss and the sacrihcepf our
peoples interests.
"The real and sensible cure for our re-
curing troubles can only be effected by a
complete change in our financial scheme.
Pending that the executive branch of our
government will not relax its efforts nor
,I,, &c 60, avr.av-
means within its reach to maintain before
the world American credit, nor will there
be any hesitation In exhibiting It's conf
deuoe i'm the resources of our country and
the constant patriotism of our people.
In view, however, Of the peculiar sit
uation now confronting us, ! have vontur-
ed TO herein express the earnest hope that
the congress- i'm default of the innugura-
| tlon Of a better system Of finance. viii not
| take recess from its leburs before IL has
| by legislative enactment or declaration
| done something not only to remind those
| apprehcnslve among our people that The
resources Of this government and q scru
! puious regard fur honest dealing afford O
! sure guarantee Of unqurslionod safety and
s9pnl4tnT,s ill PiRF biq ftau t4Bb 5tss e. Of
our citizcns tho ability and dctcrmina
tlon Of our nation 10 meet i'm any cIrcum
stances every obligation it incuf5 do not
admit OF question.
" / ask at the hands OF the congros.
such prompt aid as it alone has tho power
to give, 60 prevent, i'm time Of fear and
apprehension, nny sacrifice of he peoples
interests and the public funds or the i'm
pairmont of our public credit imam effort
by executive action to relieve the dangers
of the present emergency.
"GEOyER CLEVELAND. A"