The morning times., 1895-12-04
S3:s2
CLARK'S
734-736 Seventh st. N. w.

lIsh a double standard and a concurrent
circulation OF botn metals In our coinage
are certainly reckoning irum a cloudy
standpoint. Our present standard oi vaiue
is the StaDda rd OF the civilized world ana
permits the only bimetallisn Now possi-
BILE, or at least that is within the indc-
pendent reach of any single nation. how
ever powerful that nation may be. While
value OF gold as u standard is steadied by
almost universal commercial and business
use, 1t does not despisc silver nor seek It's
banIsbment- Wherever this standard Is
maintained there is at Its side. III Tree and
unquestioned circulation volume OF ST.
yer currency sometimes equaiinS aud suine-
times even exceeding IT IN amount, both
maintained ut u parity, Notwithstanding
depreciation or 1luctuauon III the Intrinsic
value OF silver.
There is a vast difference between a
standard OF value and a currency for
monetary use. The standard must ncces-
sarily be fixed and certain. The currency
may be in divers forms and OF various
kinds. No silver-staDdard country has a
gold currency in circulation: but an en-
lighteDed and wise system OF finance Sc
cures the benefits of both gold ana silver
as currency and circulating medium by
keeping the standard stable and all other
currency at par with it. Such a system
and such u standard also give free scope
for the use and expansion or safe and
conservative credit, so lDdespensaoie 10
broad and growing commercial iransa c.
tioDs and SO Well suhs III uted Tor the
actual use OF money IT fixed end stable
standard is maintained suCH as tne MA gnl'
tude and safety of our commercial transa g
tions and business require, the use OF
money itself is conveniently minimized.
Every dollar of fixed and stable VA iuc iIas
through the agency OF confident credit an
astonishing capacity OF multiplying itself
in financial work. Every unstable and
fluctuating dollar fails a 5 Il bass OF credit.
and in its use begets gambling speculation
and uDdermines the foundations OF honest
enterprise.
A SERIOUS MENACE.
Ihave ventured TO express myself on this
subject with earnestness and plainness OF
speech because | cannot rid myself OF the
belief thar there lurss in the proposition Tor
the free coinage OF silver. SO strongly ap-
proved and enthusia sncaliy advocated
by a multitude OF my couutryIuen, serious
menace to our prosperity and an insidious
temptation or our people 10 wander from the
allegiance they owe to public and private
integrity.
II is because do not distrust the good
faith and sincerity of those who press this
scheme that / have imperfectly, but with
zeal, submitted my thoughts upon this mo
mentous subject. l cannot refrain IRON,
begging them to re-eNamine their views
and famiiiar 7 eX perience, ana 10 weigh again
and again the consequences OF such leEis'
lation as their efforts have invited Even
the continued agitation of the subject adds
greatly to the difficulties OF 4 dangerous
financial situation already forced upon U.S.
In e2nSinsion sSpe;Sa,hy ypls ens5tas the The
are charged with the responsibility of In
auguratiDg measures for safety and pros
perity OF our common country, TO promptly
and effectively consider the Ills of our
critical financial plight. / have suggested Il
remedy which my judgment approves. /
desire, however, Ia assure The Congress that
j am prepared TO cooperate with them in
perfecJing any other measure promising
thorough and practical relief, and that
will gladly labor with them In every
patriotic endeavor to further the interests
and guard the welfare of our countrymen
whom in our respective places of Cuty we
have undertaken to serve.
GROVER CLEVELAND.
Executive Mansion,
December z, 1895.