Cottonwood report. [volume] (Cottonwood, Idaho) 1893-1901, 1895-04-26
SILVER MEN ANSWER.
Open letters Addressed to
The President.

wv W GA liQf3 Stddl CEHtt
q letter to President CleYelant
commenting on the latter:slette
to the Chicago committee: i Sen
ator Stewart says in part;
Ii HouE letter addressed to tn,
Chicago committed is timely
The country looks to you ae the
great champion Of the present
financial condition Of the coun-
trye The policy for which you
have lahored SO long and SO per
slstently has beer established
and the money of the United
States is reduced to the shrink
ing volume Of gold. You say;
"What is now more needed than
anything is a plain and simple
presentation Of an argument in
favor of sound money" The
truth of this proposition can not
be denied. If there is any argu-
gent in favor ofithe sound policy
which you have aadopted and
forced upon the cocntry1it should
ibe presented. You have urged
b. Z
upon the country in all your
public utterances for the last
ten years the necessity for sound
money.
l@' You say: SIN this time Of de
preston and misfortune the
people are willing to listen to
any remedyifor their unfortunate
condition. It is gratifying to
know that you have learned that
this is a time Of depression and
misfortune, and that you believe.
that :'eound money"is the rem
iedy. If you will kindlytell the
people what sound money is.
they will understand remedy
yon propose sand could form
their own .opinions as to its
probable efficiency
In your letter to Governor
Norton of September II, 1898,
you said: 81 want good, sound,
staple money and a condition OF
confidence that will keep it in
use. | am therefore opposed to
free and unlimited coinage of
silver in this country alone and
independently, and / am in fa-
yor Of the immediate repeal OF
the purchasing clause of the 20
called Sherman law. | confess
/ am astonished at the opposi-
tion in the senate to such prompt
action as would relieve the pres
ent unfortunate situation"
The opposition in the senate
at which you were astoished, was
overcome, and the prompt action
which you declared would help
the unfortunate situation was
obtained eighteen months ago,
and the then present unfortuate
situation, to which you alluded,
has continued and is now This
time Of misfortune and depres-
sion" your confident prediction
that the repeal of>the Sherman
act would relieve the unfortu-
nate situation, rallied to your
support the commercial press,
the boards Of trade and the deal
ers in moneys and bonds, and
enabled you, with the power and
patronage Of your great Office, to
overcome the opposition in the
senate which astonished you.
The people naturally look to |
you for an explanation why the
the repeal Of the purchasing
clause Of the Sherman act did
not relieve the "unfortunate
Situation" !" Why do you not
present the arguement and say
what sound money" is?
Whatever may happen you are
entitled to the gratitude of the
American people 70. your bold |
and open advocacy Of the comb
nation of gold monometalism
against the doctrine of the secre-
tary of the treasury Of coinage of |
both gold and silver upon terms
of exact equality.
Your recent sale of s62, 100000 |
of bonds to the Rothchilds syn
dicate for $9,0O0,0O0 less than
market value to Obtain gold. to
maintain gold monometrlism is
some evidence of Your familiari-
ty with the 'forces of safe cur
rency,' but your assertion that
the opposing forces ale those of
silver monometalism shows that
you do not understand the po-
sition of bi-metalists, or know |
ihgly misrepresent their posi- |
ton.
Did it ever occur to you that