St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-15
SOUND MONEY
SENTIMENT.
Mr.. Cleveland Writes an I'M
portant Letter to the Chi
eago Committee.
HE CANNOT GO TO CHICAGO
But Expresses Himself Very
Freely on the Question Of
Finance.
SALVATION IN SOUND MONEY
A Rap at Financial Mounte-
banks Who Marshal Class
Against Class.
SALVATION IN SOUND MONEY
STAND OR FALL TOGETHER.
All the People Want Money OF
Safe Character and Sta
BILE Value.

CHICAGO, April 1.-THE business
men and citizns of Chicago who in
vited President Cleveland to visit
Chicago are to be disappointed. The
invitation read:
"As business men and citizens of
Chicago, irrespective of party afhll-
ations, we respectfully invite you
and Mrs. Cleveland to a public re-
ception to be rendered you in this
city, to express our deep sense of
appreciation of your statesman-like
and courageous action in maintain
ing the financial credit ofour govern
ment, and your uncompromising at
titude in favor of a sound national
currency"
This evening Hon. Henry S. Rob
bins, who is said to be the author
of the movement, and a member of
the committee, received the follow
ing letter:
THE LETTER.
Executive Mansion, Washington,
April 1910 William T. Baker,
George w. Smith, John A. Roche,
T. w. Harvey. David Kelly and
Henry S. administrations |
am much gratified by the exceed
ingly kind and complimentary invi-
tation you have rendered me on be-
half of many citizens of Chicago to
be their guest at a gathering in
the interest of sound money and
financial doctrine. My attachment
to this cause is so great, and l know
so we'll the hospitality and kindness
of the people of Chicago, that my
personal inclination is strongly in
favor of accepting your fiattering
invitation, but my judgment and
my estimate of the proprieties of
my official place oblige me to foregO
the enjoyment of participating in
the occasion you contemplate. l
hope, however, the event will mark
the beginning of an earnest and ag-
gressive effort to disseminate among
the people safe and prudent financial
ideas. Nothing more important can
engage the attention of patriotic cit
liens, because nothing is so vital to
the welfare of our fellow country
men and to the strength, prosperity
and honor of our nation. The stu
alton demands that those who APP
preciate the Importance of this sub
ject and those who ought to be the
first to see
IMPENDING DANGER
should no longer remain Indifferent or
overconfident. If the sound money
sentiment abroad in the land is to
save us from mischief and disaster
it must be crystallized and combined
and made Immediately active. 1t is
dangerous to overlook the fact that
a vast number of our people, with
| scant opportunity thus far, to ex-
anime the question in all its aspects
have nevertheless been ingeniously
| pressed with specious suggestions
which in this time of misfortune anC
depression find willing listeners, pre-
| pared to give credence to any scheme
which is plausibly presented as q
| remedy for their unfortunate condi
| ton. What is now needed more thar
| anything else is a plain and simple
| presentation of the argument in favor
of sound money. In other words, i
| is time for the American people t
| reason together as members of a grea
nation, which can promise them &
continuance of protection and safety
only so long as it's solvency is un
suspected,
ITS HONOR UNSULLIED
and the soundness of it's money I'M
questioned. These things are all ex
changed for the illusion of a debaseC
currency and groundless hope of adj
Vantages to be gained by a disregard
of our financial credit and commercial
| standing among the nations of tn,
world. 1t our people We're isolated
from all others, and if the question
of our currency could be treated with
out regard to our relations to othe
countries, it's character would be {
matter of comparatively little i'm
portance. If the American peopI,
were only concerned in the main
tenance of their precious life amons
themselves, they might return to tn
old days of barter and in this print
/ tive manner acquire from each othe
the materials to supply the wants o
their existence. But if American
civilization were satisfied with this
1T would abjectly fall in its high am
noble mission. In these restless day
the farmer is tempted by the assur
ance that, though our currency ma,
be debased, redundant and uncertain
such a situation will improve the pric
OF his products. Let us remind hin
that he must buy as we'll as sell; tina
his
DREAMS OF PLENTY
are shaded by the certainty that if tn
prices of the things he has to sell az
nominally. enhanced, the cost of tn
things he must buy will not renal
stationary; that the best prices whic
cheap money proclaims are unsubstar
tial and elusive, and that even if the
were real and palpable he must mex
essarily be left far behind in the rae
for their enjoyment. 1t ought not I
be difficult to convince the wage-earnt
that, if there were benefits arisin