The Butler weekly times. (Butler, Mo.) 1881-1918, 1895-12-26

the Gold Reserve Is Necessary.
Washington, d. c.. Dec. 20
Presid- INT Cleveland late this after
noon sent the following special mes
sage to Congress-, urging immediate
legislation tor the relief of the fuan-
cial situation.
To the Congress
In my irsr annual messagh the evils
of our present financial system were
plainly pointed out and the causes
and means of the depletion Of gov
ernment gold were explained.
1t was therein stated that after all
the efforts that had been made by
the executive branch Of the govern
ment to protect our gold reserve by
the issuance of bonds amounting to
more than S162,000,000, such re-
serve then amounted to but little
more than S79,000,000; that about
S16,000,O00 had been withdrawn
from such reserve during the month
next previous to the date of that
message, and quite large withdraw
ais for shipment in the Immediate
future were predicted. The contin.
gency then feared has reached US
and the withdrawal of gold since
the communication referred to and
others that appear inevitable, threat
en- such a depletion ip our govern.
ment gold reserve as brings us face
to face with the necessity of further
action for its protection. This condi-
ton is intensified by the prevalence
in certain quarters of sudden and
unusual apprehension ard timidity
in business circles.
We are in the midst of another
season of perplexity, caused by our
dangerous and fatuous financial op
rations. These may be expected too
recur with certainty as long as there
is no amendment in our financial
system. If in this particular instance
our predicament is at all influenced
by recent insistaace upon the posi-
ton we should occupy in our rela.
tions to certain questions concerning
our foreign policy, this furnishes a
signal and impressive warming that
even the patriotic sentiment of our
people is not an adequate substitute
for sound financial policy.
A NEW FINANCIAL SYSTEM NECESSARY.
OF course there can be no doubt
in any thoughtful mind as to tie
complete 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 recognized money Of the world.
We should not overlook the fact,
however, that aroused fear is unrea-
soning and must be t,ken into &C.
count in all efforts toavert public
loss and the sacrifice of our peoples
interests.
The real and sensible cure for our
recurring troubles can only be effect
ed by complete change in our
financial scheme. Pendng.that the
executive branch of the government
will not relax It's. ..efortsnor abandon
its determination to use every means
within its reachsto MAINTAIN before
the world America credit; nor will
there be any hesitationin exhibiting
its confidence in the resources of
our country aud the constant patri
otism OF our people.
IL view, however, of the peculiar
situation now confronting Us, I have
ventured to herein expess the earn
est hope that the Congress, in De.
fault OF the inauguration of better
system of finance, will aot take a re-
cess from it's labors be.ore itlhas by
legislative enactment G declaration,
done something, not OILY TO remind
those apprehensive am,ng our peo-
pie that the resources o this govern
ment and scrupulou; regard for
honest dealing, affords sure guarantee
OF unquestioned safety and sound
ness, but to reassure tn, world that
With these factors and th patriotism
of our citizens, the ability aud de.