The daily morning journal and courier., 1895-12-21
COMPLETE CHANGE NEEDED
PRESIDENTS IMPORTANT MESSAGE
 ON THE FINANCIAL SITUATION.

In View of tho Affairs Now Confronting inc Country He Expresses an Earnest Hope That Congress Will Not Take n Recess Until some Remedy Has Been Acted Upon-PrOmpt Aid by Congress Is Asked Washington, Dec. 20.-The president at 4:20 p. m. sent the following impor- tant message to congress on the finan- cial situation:
 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 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 issuance of bonds amounting to more than $162, 100000, such reserve then amounted to but lit tie more than $79,OOO,OO0, that about $16,- O0O000 had been withdrawn from such reserve during the month next previous to the date of that message, and that quite large withdrawals for shipment in the immediate future were predict ed
 The contingency then feared has reached us and the withdrawals of gold since the communication referred to, and others that appear inevitable, threaten such depletion in our govern ment gold reserve as brings us face to face with the necessity of further ac- tion for it's protection. This condition is intensified by the prevalence in cer- tain quarters of sudden and unusual apprehension and timidity in business circles.
 We are in the midst of another sea son of perpleXity caused by our dan gerous and fatuous financial operations. These may be expected to recur WitI certainty as long as there is no amend ment in our financial system. If in this particular instance our predicament is at all influenced by a recent insistenCe upon the position we should occupy in our relation to certain questions con- cerning our foreign policy, this furnish es a signal and impressive warning that even the patriotic sentiment of our peo- ple 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 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 arous- ed fear is unreasoning and must be taken into account in all efforts to avert public loss and the sacrifice of our peo- ple's interests.
 The real and sensible cure for our re- curing troubles can only be effected by a complete change in our financial sys- tenn. Pending that the executive branch of the government will not relax it's efforts nor abandon it's determination to use every means within it's reach to maintain before the world American credit nor will there be any hesitation in exhibiting it's confidence in the re- sources of our country and the constant patriotism of our people.
 In view, however, of the peculiar sit uation now confronting us, I have ven tured to herein express the earnest hope that the congress, in default of the in- auguration of a Nbetter system of fin ance, will not take a recess from it's la bors before it has bt legislative enact- ment or declaration done something not only to remind those apprehen6iVe among our people that the resources of this government and a scrupulOus re- gard for honest dealing afford sure guarantee of unquestiOned safety and soundness, but to reassure the world that with these factors and the patri- otism of our citizens, the ability and determination of our nation to meet in any circumstances every obligation it incurs do not admit of question.
 I 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 interests and the public funds, or the impairment of our public credit in an effort by executive action to relieve the dangers of the present emergency. (SigneO
 GROVER CLEVELAND.
 Executive Mansion, Dec. 20, 1895.
 London, Dec. 21.-The Times comment ing on President Cleveland's message to congress on the financial situation says:
 The presidents second message is al- most as remarkable in it's way as his first With an air of the utmost in nocence he takes note of panic that he himself originated in precisely the tone that would be appropriate to the discussion of calamity due to causes beyond human control.