The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-12-21

reserve then amounted 20 but lftle more
than s7so..eo: that about sie..e.sa rad
been withdrawn from such reserve during
the month next previous 10 date OF that
message, and quite large Withdrawals for
shipment ia the immediate future were
predicted The contingency then feared
has reached us. and the Withdrawals OF
gold since the communication referred 10
and others that appear inevitable threaten
such a depletion in our governments gold
reserve as brings US face TO face with the
necessity Of further action for its protec-
ton. This condition is intensified by the
prevalencs in certain quarters OF Sudden
and unusual apprehension and timidty n
business circles.
We are IN the midst OF another season
OF perplexity caused by our dangerous and
fatuous financial operations. These r.sy
be expected 20 recUr with certainty as iCng
as there is no amendment In our financial
system. II in this particular instance oLr
predlcament is al all influenced by the re-
cent tnsisteDce upon the poS.t tion We should
occupy in our relation 10 certain questions
concerning our foreign policy this fur
njshes a signal and Impressive warning
that oven the patriotic sentiment 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 10 the complete solvency Of our nation
nor can there De any just apprehension
that the American people viii be satisfied
with less than honest payment Of our pub
lie obligations in the recognized mCaay or
the world. We should not overlook the
fact however. that aroused fear IS un-
reasoning and must be taken into account
In all efforts 10 avert public loss and sac
rifce of our peoples interest.
a real and sensible cure for our re-
curing troubles can only he effected by
a complete change in our financial scheme.
Pending that, the executive branch Of the
government viii not relax its efforts OF
abandon It's determination 10 use every
means within its reach 10 maintain before
the world the American credit, nor VIII
there be any hesitation in exhibiting its
confidence in the resources Of our country
and the constant patriotism OF our peo be.
In view. however, Of the peculiar s.tua-
ton now confronting US. l have venturod
to herein express an earnest hope that con-
gress in default of the Inauguration CT
better system of finance, vii not take
recess from its labors before IL has. by
legislative enactment or declaration, done
something. not only TO remind those ap-
prehensive among our people that he te-
sources of this government and scrupJl)us
regard for honest dealing AFFORD "a sure
guarantee Of unquest:oned safety and
soundness. but 10 reassure the world that
with these factors and the patriotism of
oar citizens the ability and determination
OF our nation to meet in any circumstances
every obligation It incurs do not admit Of
question. | ask al the hands OF congress
such prompt All it alone has power 10
give 10 prevent, in time of fear and APP
prehens!on, any sacrifice OF the peoples
interests and the public funds, or the i'm
pairment of our public credit in the effort
by executive action 20 relieve the dangers
Of the present contingency.
GROVER CLEVELAND.
Executive Mansion, Washington City.
Dee. %, 1885"