The Globe-republican. [volume] (Dodge City, Kan.) 1889-1910, 1895-12-26
FINANCIAL REFORM.
THE PRESIDENT AGAIN AP-
PEAlS TO CONGRESS.
Sends q Special Message Urging Legisia-
ton That VIII Protect the Treasury
Against Heavy Gold Shipments -
Prompt Action Necessary.


Prompt Action Necessary.
WASHINGTON. Dec. 20.-At 4:i0
o'clock yesterday afternoon the presi-
dent sent the following message to con-
gress and it was read at once in the
senate, which was the only branch in
session at the time:
To the Congress: In my last an
nual message the evils of our present
financial system were plainly pointed
out and the causes and means of the
depletion of government gold were
explained.
It was therein stated that after all
the efforts that had been made by the
executive branch of the Government
to protect our gold reserve by the is
suance of bonds amounting to more
than Si6e, 600, 900, such reserve then
amounted to but little more than $79,-
600, 900, that about SIG, 600, 900 had been
Withdrawn from such reserve during
the month next previous to the date of
that message, and quite large With
drawals for shipment in the immedi-
ate future were predicted. The con-
tingencv then feared has reached us,
and the withdrawal of gold since the
communication referred to and others
that appear inevita BILE, threaten such
adepletion in our government gold re-
serve as brings US face to face with
the necessity of further action for pro-
lection. The condition is intensified
by the prevalence in certain quarters
of sudden and unusual apprehension
and timldity in business circles
ANOTHER WARNING TO CONGRESS.
We are in the midst of another sea-
Son of perplexity, caused by our dan
gerous and fatuous financial opera
tons These may be expected to
recur with certainty as long as there
is no amendment in our financial sys-
TEN. If in this particular instance our
predicament is at all Influenced by re-
cent insistence upon the position we
should occupy in our relations to GER
tain questions concerning our foreign
policy, this furnishes signal and inn
pressive warning that even the patri-
otto sentiment of our people is not an
adequate substitute for a sound tinan-
cial policy.
OF course there can be no doubt in
any thoughtful mind as to the COM
plete solvency of our nation, nor can
there be any just apprehension that
the American people will be satisfied
with less than an honest payment of
our public obligations in the recog-
nized money of the world. We should
not overlook the fact, however, that
aroused fear is unreasoning and must
be taken into account in all efforts to
our peoples interests.
The real and sensible cure for our
recurring troubles can only be effected
by complete change In our financial
scheme. Pending that the executive
branch of the government will not re-
lax its efforts nor abandon its de-
termination to use every means within
its reach to maintain before the world
American credit; nor will there be
any hesitation in exhibiting its conf
dence in the resources of our country
and the constant patriotism Of our
people.
PROMPT ACTION PLEADED FOR.
In view, however, of the peculiar
situation now confronting US, have
ventured to herein express the earnest
hope that the Congress, IN default of
the Inauguration of a better system of
finance will not take q recess from
its labors before it has by legisla-
tive enactment or declaration,
done something, not only to
remind those apprehensive among
our people that the re-
sources of this government aud q
scrupulous regard for honest dealing,
affords sure guarantee of un1uestioned
safety and soundness, but to reassure
the world that with these factors and
the patriotism of our citizens, the
ability and determination of our ma.
ton to meet in any circumstances
every obligation it incurs do not admit
of question.
ask at the hands of the Congress
such prompt aid as it alone has the
power to give to prevent, in time of
fear and apprehension, any sacrifice of
the peoples interest and the public
funds or impairment of our public
credit in an effort by the executive &C
ton to relieve the dangers of the pres
ent contingency.