Crawford avalanche. (Grayling, Mich.) 1879-19??, 1895-12-26
ASKS NOW FOR GOLD.
PRESIDENT SENDS ANOTHER
MESSAGE TO CONGRESS.
Urges Revision of the Finances, and
Requests that No Recess BE Taken
Until Gold Reserve IL Protected
Immediate Action IL Sought.


The following message was sent TO Con-
gress by President Cleveland Friday:
To the Congress: In my last annual
message the evils of our present financial
system were plainly pointed out and the
causes and means of the depletion Of gov
eminent gold were explained. 1t 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 issuance of bonds,
Amounting to more than $162,OOO,OOO.
such reserve then amounted to but little
more than $79,000,00O, about $4,000
600 had been withdrawn from such re-
serve during the month next previous to
the date of that message, and quite large
Withdrawals for shipment in the immedi-
ate future were predicted.
The contingency then feared has reach
ed us, and the withdrawal of gold since
the communication referred to and others
that appear inevitable threaten such de-
pletion in our government gold reserve
as brings us face to face with the neces-
sity of further action for it's protection.
This condition is intensified by the pre-
yalence in certain quarters of sudden ana
unusual apprehension and timidity in busi-
ness circles.
We are in the midst of another season
of perplexity caused by our dangerous
and fatuous financial operations. These
may be expected to occur with certainty
as long as there is no amendment In our
financial system. If in this particular in
stance our predicament Ia at all influenced
by a recent insistence upon the position
we should occupy in our relation to GER
tain questions concerning our foreign pol
Icy, this furnishes signal and impressive
warning that even the patriotic senti-
ment of our people is not an adequate
substitute for a sound financial policy.
OF course there can be no doubt in any
thoughtful mind as to the complete sol.
vency 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 unreasoning and
must be taken into account in all efforts
to avert public loss and the sacrifice of
our peoples interests.
Cure for Recurring Troubles.
The real and sensible cure for our recur-
ring troubles can only be effected by
complete change in our financial scheme.
Pending that the executive branch OF the
government will not relax its efforts nor
abandon its determination to use every
means within its reach 10 maintain before
the world American credit, nor will there
be any hesitation in exhibiting its con.
fidence in the resources of our country
and the constant patriotism of our peo-
pie.
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 the Inauguration
of a better system of finance, will not
take recess from it's labors before it has,
by legislative enactment or declaration,
done something not only to remind those
apprehensive among our people that the
resources of this government and a scrup-
ulous regard for honest dealing afford
sure guarantee of unquestioned safety
and soundness, but to reassre the world
that with these factors and the patriotism
of our citizens the ability and determine
ton of our nation to meet in any circum-
stances every obligation 1t incurs do not
admit of question.
/ ask at the hands of Congress such
prompt aid as it alone has the power to
give to prevent in time of fear and ap-
prehension 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
of the present contingency.
GROVER CLEVELAND.