The Superior times. [volume] (Superior, Wis.) 1870-1912, 1895-12-28
ANOTHER MESSAGE,
President Says the LOnu-Feared
Financial Crisis is Now
Upon Us.

Washington, d. c.. Dec. 2O.-At 4:40
p. n. the President sent another mes
sage to Congress and it is being read
in the Senate.
The message was as follows:
To the Congress: In my last annual mes
sage the evils OF our present financial svs-
causes and means of the depletion of gov
erument gold were explained. 1t was there
been made by the executive branch OF the
government to protect our gold reserve by
the issuance of bonds amounting TO more
than Sl62.UlD, 900, such reserve then amount
eu to but little more than SIS. 900 600; that
about $4,000 900 had been withdrawn from
such reserve during the month next preyi-
Gus 10 the date of that message and quite
| large withdrawals for shipment in the iul-
mediate future We're predicted.
Contingency Has Reached Us.
The contingency then feared has reached
US. and the withdrawal of gold since the
communication referred TO and others that
appear inevitable threaten such n depletion
in our government gold reserve as brings us
| face 10 face with the necessity of further
action for its protection. This condition is
intensified by the prevalence in certain
quarters of sudden and unusual apprehen-
sion and timidity in businesses circles.
We are III the midst of another season Of
pcrplexity. caused by our dangerous and
fatuouS financial operations. These may
be expected 10 rccur with certainty
long as there Is 10 amendment In our fnan-
Clai system. II IN TINS I3TflrNi0r instance
our pTediCamcnt is at all Influenced by g
recent insiStcnce upon the position we
should occupy In our relation to certain
questions concerning oUr foreign policy,
this furnishes q signal and impresSing warn
ing that even the patriotic sentiment of our
people Is not an adequate substitute for a
sound financial policy.
Nation is, of Course, Solvent.
or course, there can be no doubt in any
thoughtful mind as TO the complete SOlvency
of our nation, or can there he any just ap-
( n re Gin m hn ytfIJ
be satisfied with less than an honest pay
ment of our public obligations in the recUg-
niZed money OF the world. We should not
overlook the fact, however. hat aroused
fear is unrrasoning and must lie taken into
account in all efforts To avert public loss
and the sacrifice of our peoples interests
The real and sesibc cure for our reCur-
ring troubles can only be effected by a
complete change In our financial system.
! Pending that the executive branch of the
government VIII not relax its efforts nor
abandon its determination to use every
means within its reach to maintain before
the world American credit, nor viii there
be any hesitation in exhibiting Its conf
| denCe the resources of our country and
| the constant patriotism OF our people.
| In view, however, Of the peculiar situa-
! ton now confronting us, | have VenturCd
| to herein express the earnest hope that the
| Congress. in default Of inauguration of
| better system of hn2HCe. will not take re-
| cess from its labors before II has by legis-
! I8tiye enactment or declaration done some
! thing, not only to remind those apprehen-
Sivc among our people that the resource OF
! this government and sCrupuoUs regard
! for honest dealing afford sure guarantee
/ of uuqUestiOned safety and SoUndueSs. but
/ to reassure the world that with these fac
! tors and the patriotism OF our citizens the
! ability and determination of our nation TO
meet in any circumstances every obligation
! it incurs do not admit of question.
! / ask at the hands of the Congress such
prompt aid 1t alone has the power to
| give, to prevent In time CT fear and ap-
nrehenSion. any sacrifice Of the peoples
! interests and the public funds or the i'm
! pairment of our public credit in an effort
| by executive action to relieve the dangers
| GROWER CLEVELAND.
Executive Mansion, Dec. 20, 1895.