The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1895-12-26
ASKS PROMPT ACTION
PRESIDENTS LATEST MESSAGE ON
THE FINANCIAL QUESTION.

PRESIDENTS LATEST MESSAGE ON
THE FINANCIAL QUESTION.
Congress Requested Not to Adjourn IN
til Something Has Been Done to Re-
lieve the Present Fear and Apprehen-
sion
WASHINGTON, Dec. 20.-The presi.
dents message to congress on the finan-
eial question, read in the senate just
before adjournment, is as follows:
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 government
gold were explained. It was therein
stated that after FL the efforts that
had been made by the executive branch
of the government to protect our gold
reserve by the issuance of bonds
| amounting to more than $l62, 900, 900.
such reserve amounted to but little
more than $79, 200, 900, that about $16,-
600, 900 had been withdrawn from the
reserve during the month previous to
the date OF the message, and quite large
Withdrawals for shipment in the imme-
date future were predicted. The con-
tingency then feared has reached us,
and the withdrawal of gold since the
communication referred to and others
that appear inevitable threaten such q
depletion in our government gold re-.
serve as brings us face to face with the
necessity OF further action for its pro-
lection. This condition is intensified
by the presence in certain quarters of
sudden and unusual apprehension and
timldlty III business circles. We are in
the midst OF another season of perplex-
ity, caused by our dangerous and fatu-
GUS financial operations. These may be
expected
To Recur With Certainty
as long as there is no amendment in
our financial system. If in this partic-
ular instance our predicament is at all
! Influenced by recent insistance upon
the position we should occupy in our
| relation to certain questions concerning
our foreign policy, this furnishes a
signal and impressive warning that
even the patriotic sentiment of our peo-
| pie is not an adequate substitute for a
sound financial policy.
Of course there an be no doubt in
any thoughtful mind as to the COM
plete solvency of our nation or can
there be any just apprehension that the
| American people will be satisfied with
less than an 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 pubic loss and the sacrifice of
our peoples interests.
| The real and sensible cure for our re-
curing troubles can only be effected by
a complete change in our financial
scheme. Pending that the executive
branch Of the government will not relax
it's efforts nor abandon it's determine.
ton to use every means within its
reach to maintain before the world
American credit, nor will there be any
hesitation in exhibiting its confidence
in the resources of our country and the
constant patriotism of our people.
Retoanmends Prompt Action.
In view, however, of the peculiar sit.
uation now confronting US, have ven
tured to herein express the earnest
hope that the congress, in default of the
Inauguration of better system Of
finance, will not take recess from its
labors before it has by legislative en-,
actment or declaration done something
not only to remind those apprehensive
among our people that the resources oil
this government and scrupulous re-
gard for honest dealing, afford a sure
guarantee of unquestioned safety anc
soundness, but to reassure the worlG
that with these factors and the patriot
ism of our citizens the ability and de.
termination Of our nation to meet in
any circumstances every obligation i,
incurs do not admit of question.
I ask at the hands of congress such
! prompt aid as it alone has the power tt
give, to prevent, in a time of fear and
| apprehension, any sacrifice of the PEG
| pies interests and the public funds, OF
| the impairment Of our public credit in
| an effort by executive action to relieve
| the dangers of the present contingency
GROVER GLEVEIAND