The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-12-21
APPEAL TO CONGRESS
PRESIDENT CLEVELAND EVIDENTLY
INA STATE OF MILD ALARM.
He Sends Another Message to Con-
gress, This Time Urging LesisIation
for Maintenance OF Public Credit.
ou si.r
ADVISES PROMPT = ACTION
BECAUSE OF THREATENED DEPLE-
TION OF THE GOLD RESERVE.
hut Suggests No Measure, Except n
Renewal Of Recommendations as
to Reform OF the Currency.
SENATORS DO NOT LIKE IT
HAwLEY SAYS THE PRESIDENT HAS
A BULL-RUN PANIC,
CuIlom Thinks 1t Is an Effort ON the
Part of Cleveland to Offset His
Venezuelan Message.
TWO CABINET MEETINGS
THE APPEAL FOLLOWS DISCUSSION
OF FINANCIAL CONDITIONS.
No Action Yet Taken by Secretary
Herbert Regarding the Movements
of the North Atlantic Squadron.
THE PROPOSED COMMISSION
WASHINGTON POST URGES THE APP
POINTMENT OF HARRISON.
1t Says the Country Will He Pleased
If the Venezuelan boundary Mat
ter Is Placed I'm HIS Hands.

WASHINGTON, Dec. 2O.-The surprise of
the day here was another message from
President Cleveland, asking Congress to
provide means for maintaining the public
credit. 1t was not prepared till late this
afternoon, but was received by the Senate
before adjournment. The House was not
In session at the time. The message fol-
lows:
''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 gov
ernment gold were explained 1t was there
in stated that, after all the efforts that
had been made by the executive branch of
the government to protect gold re-
serve by the issuance of bonds, amount
ing to more than $i62, 900 900, such reserve
then amounted to but little more than
S79000.000; that about $16,000,C00 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withdrawn from such reserve during the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 predicted. The contingency then
feared has reached us. and the withdraw
ais of gold since the communication re-
ferred to, and others that appear inevita-
BILE, threaten such depletion in our gov
ernment gold reserve as brings us face
to face with the necessity of further action
for It's protection This condition is in
tensfied by the prevalence in certain quar-
ters Of sudden and unusual apprehension
and timidity I'm business circles.
1--WE are in the midst of another season
of perplexity, caused by our dangerous
and fatuous financial operations. These
may be expected to recur with certainty as
long as there Is no amendment Of our
financial system. If in this particular in
stance our predicament Is at all infiu-
enced by q recent insisience upon the posi-
ton we should occupy in relation to GER
tain questions concerning our foreign pol
icy, this furnishes signal and impressive
warning that even the patriotic sentiment
Of our people Is not an adequate substi-
tute for 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 the honest
payment of our public obligations in the
recognized money of the world. We should
not overlook the fact, however, that
aroused fear Is unreasoning and must be
taken into account in all efforts to avert
pies interests.
"The real and sensible cure for our re-
curing troubles can only be effected by
complete change in our financial scheme.
Pending that the executive branch of the
government will not relax its efforts nor
abandon its determination to use every
means within its reach to maintain be-
fore the world our credit. nor will there
be any hesitation I'm exhibiting it's conf
dence in the resources Of our country and
the constant patriotism OF our people.
I'm view, however. of the peculiar situa-
tion now confronting us. l have ventured
to herein express the earnest hope that the
Congress, in default of the Inauguration
Of a better system of finance, will not take
a recess from its labors before it has, by
legislative enactment and declaration, done
something, not only to remind those ap-
prehensive among our people that the re-
sources of this government and a scrupu-
lous regard for honest dealing afford a
sure guarantee of unquestioned safety and
soundness, but to reassure the world that
with these factors and the patriotism of
our citizens. the liability and determinatic->
of our Nation to meet in any circumstan
every obligation ii assumes do not admit
of question. / ask at the hands of Con-
gress such prompt aid il alone has the
power to give TO prevent, In a 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.
GROVER CLEVELAND.
Executive Mansion. Dec. 20"