Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1895-12-10
PRESIDENT CI.EVELAND:S
MESSAGE.

The President did the country
4 real service in writing so able
Il review Of the financial question.
We hope that every citizen will
read it. From his standpoint as
an honest gold monometalist-
and there is no doubt that he is
honest in his vicws-his position
is un-;lss;ei|able.
Hc proves conclusiVcly and
cogcntly several points that have
heretofore been rather misty in
the minds Of most people.
1st. That the passage Of the
Sherman law. OF rather that part
Of it called the purity clause, by
virtue by which Ill coin obliga-
tions were made payable in gold,
was really the law that establish
cd gold recommendation in this
country. The Republican party
passed that. IT., meaning was
also construed by Secretary Eos
ter under Harrison S tdministra-
ton, Cleveland s administration
has simply followed the policy
inau"uratcl by his predecessor.
BY virtue of this policy the treas
ury has been drained of nearly
0o.Vo.o 600. Of sold by specula.
tor, and as 4 consequence bonds
have been issued to furnish the
:soiu. Had Harrison been re-
elected the result would have
been exactly the same. Under
tili.; policy Cleveland could not
haze done otherwise than he has.
That much is; certain.
Ind. The amount Of revenue
and tariff law has nothing to do
With The gold depletion Of the
Treasury or export Of it. He
completely demojishes the Re
publican contention that i'll
creased revenue will stop the
gold drain. Why, he shows that
in FEBRUARY last whom the gold re-
serve Was down to :5O.O0H. 900
and third issue Of bonds were
made there WAS over 800, 100000
OF other surplus money in the
treasury. For rs we all know
tariff duties arc payable in
treasury notes and silver certili-
Gates. and as rule are paid with
these: no gold comes in from that
source however largo the re.
ccipts. AS he truly says, it is
gold and no other kinds Of money
that the treasury is in need of.
Bird. On the single gold stand
ard. rs the rarity clause put
us. the 4rctilbaclzs and coin
treasury notes must go. There
is no avoidance Of that. We can.
not be on the single gold stand.
ard with $500. coo, 900 Of paper
outstanding. rcdeemable on
presentation. and receivable for
revenues without inevitable IA
tiona} Bankruptcy. Under the
present policy the government
must get all it's gold for bonds,
and continue to issue bonds as
long as they can be sold, and
then make al assignment. It
Gocsn t make one iottl difference
what party is in power, nor how
much revenue comes in, as long
as it can be paid in silver certi1i
Gates. yreenbacl1s and coin notes
II We shall remain on the single
gold standard i'll government
paper money must 60.
We are thankful to Mr.. Cleve
land that he has placed this mat
ter SO clearly before the country
Hitherto most people have beer
fooled by this Republican hide
and seek money scheme-so cal
led bi-metullism. but really golc
mono-m etallism. But Cleveland
plays 10 hide and seek game, bu
lays the thing bare with child
like simplicity. He wants colo
alone to be and remain our mon
ey standard. He shows us thai
we can have no other kind O:
government money. Our cur
rency for business cannot under
the gold monometallic standard
be supplied by government lega
tender notes.
What then shall we have? Oh
viously private bank scrip. The
people will hardly accept that
but there is no alternative. T.
is that or. nothing.