Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1895-12-26
ANOTHER MESSAGE
President Says the
Financial Crisis is New s''
Upon us.

Washington, D. c., Dec. On.
p. m. the President sent anot,
sage to Congress and it is Nv: '
in the Senate. " ~ being
The message was as follow
70 the Congress: In NV laSt
sage the evils of our presen "st annual n.
tenn were. plainly pointed omuaaanca
causes and means of the dan Hiut and
eminent gold We're explained pif5uol Of y
in stated that after all tha ae II was hsJ
been made by the executive hho uats that
government to protect our ro Jltdaacn' Of
the issuance of bonds amonNt H reserve
t9an Si62 ,OW,0oo, such reserve thss, % a
ca TO put iittl n more than SO 0O Tu o Sn0u
such reserve during the month alaWn
GUS to the date of that messasa next m
large withdrawals for shipment ID ana
mediate future were predicted Id The
Contingency Has Reacboa,
The contingency then feared hos
us, and the withdrawal of rol las .reaS
communication referred to AMI Sd'1 a.s since
appear inevitable threaten sur rh otheN
In our government gold reserye "a )" tuepet
race to face with the necessity 20 ~ fns
action for its protection. This co y, iGu
lntensired by the prevalence i in all
quarters of sudden and unusna, N Il, ceN
sion and timidity in BUSINESS ciro aippNi
We are in the midst OF anotbar en-
perplexity, caused by our I danaos eaSa
fatnous financial opcrat tor oanSSe en
be expected to recur with ca nteSe
long as there is no amendments IN '@ 0
cial system. If in this particuIar0 i u, ll
our predicament is at all inhuencdaJdS q
recent lnsistence upon the posinon
should occupy IN our relation ia "C oa.
questions concerning our foraicv Fn
this furnishes signal and impreS sH pol
ing that even the patriotic sentimnnts v. va
people is not an adequate substitr', "
sound financial policy. >''OV N0
Nation is, of Course, Solvent
OF course, there can be no douh.
thoughtful mind as to the comppta so ~
of our nation. or can there be anr % ;m.lH
preheDsion that the American nSo5 5sI
be satisfied with less than an hondpn~t
ment of our public obligations in thn y
nized money of the world. We shoum
overlook the fact. however, that t'' on.
fear is unreasoning and must he ,e" t,t alon
account in all efforts to avert nrbNo
and the sacrifice of our peoples Interests
The real and seisible cure for ou ls, Wa
ring troubles can only be effected hv
complete change in our financial srS;,
Pending that the executive branch ' ~
government VIII not relax its efforts
abandon it's determination TO mo sr
means within its reach to maintain bot
the world American credit, nor will ~
be any hesitation in exhibiting ifs %
dence II the. resources of our country
the constant patriotism of our people
In view, however. of the peculiar sin
ton now confronting us, | have yentmN
to herein express the earnest hope hist
Congress. in default Of inauguration Al
better system of finance, will nor take
cess from it's laborS before it has ly pyN
lative enactment or declaration done son
thing. not only to remind those apmpl
sive among our people that the resource
this government and a scrupulous pr,
for honest dealing afford sure guaN1
Gf unquestioned safety and soUndne@
to reaSsure the world that with these 4
tors and the patriotism of our citizens
ability and determination of our nation
meet in any circumstances every 0blgi
it incurs do not admit of question.
! ask at the hands of the Congress
prompt aid as it alone has the power
give. to prevent, in Il time of fear and !
prehenSiOn. any sacrifice of the peOp
interests and the public funds Or the
pairment of our public credit in an ef
by executive action to relieve the dangA
of the D resent contingency.
GROVER CLEyELAyD
Executive Mansion, Dec 20, 1895
Senate AdjourNs to Tomorrow