The Pioche weekly record. [volume] (Pioche, Nev.) 1877-1900, 1895-12-12

ciai nostrums. nor that they win yiesd
70 the false allurement OF Cheap
money. when they realize that it mus
result in the weakening Of that imam
ciai integrity and rectitude which thus
far in our history has been 20 devoted
ly cherished as one OF the traits OF
true Americanism
UNJUST TO CREDITORS
Our country's Indebtedness. whether
owing by the Government or existing
between individuals. has been con.
standard. To decree by act OF Con-
gress that these debts shall be payable
In less valuable dollars than those with
In the contemplation ana intention OF
crate to transfer by the nat Of law
and without compensation an amount
of property and volume Of rights ana
interests almost incalculable.
Those who advocate o blind en0
headiong plunge IN free coinage In the
name OF bimetalism. ana protesting the
belief. contrary to all experience. that
we could thus establish double stan
dard and q concurrent circulation OF
both metals In our coinage. are certain
Our present standard Of values e the
standard OF the civilized world and per-
mits the only bimetalism now possible.
or at least that Is within the indepen-
dent reach Of any single nation. how.
S Ss % HHMss the 'na value ma'e x gold
as standard II eteadied by
almost universal commercial ana
business use. Il does not deepise silver
nor seek its banishment. Wherever this
side in free unqueetioned circulation q
volume of silver currency sometimes
eQualing and sometimes even exceeding
It In amount, both maintained at
parity. notwithstanding depreciation
or fiuctuation In the intrinsic value Of
silver.
There is q vast difference between .
standard Of value and q currency for
monetary use. The standard must
n necessarily be h1ed ana certain t The The
of various kinds. No silver standard
country has a gold currency in circu-
lation. but an enlightened and wise
system OF finance secures the benefits
ana circulating medium by Keeping the
standard stable and all other currency
at par with It, Such . system and
such q standard also give free scope
for the use and expansion of safe and
conservative credit 80 indispensable to
broad and growing commercial trans
actions and 30 well substituted for the
actual use OF money.
If hxed and stable standard 10
maintained such as the magnitude and
and business require. the use of money
itself is conveniently minimized. Every
dollar OF fixed and stable value has.
through the agent OF confident credit,
an astonishing capacity Of multiplying
and fiuctuating dollar fails as q basis
" credit and In its use begets gambling
speculation and undermines the foun-
dalton OF honest enterprise.
/! have ventured TO express myself ON
plainness Of speech because I cannot
rid myself OF the belief that there turks
In the proposition for the free coinage
OF silver 80 strongly approved and so
enthusiastically advocated by multi
tude OF my countrymen. q serious men,
ace to our prosperity and an insidious
Of our people to wander
from the allegiance they owe to public
ana private integrity. II IL because I
certify of those who press this scheme
that have imperfectly. but with zeal,
submitted my thoughts upon this mo-
mentous subject. l cannot refrain from
begging them to re-examine their
triotic reason and familiar experiences
and to weigh again and again the con-
of such legislation as their
EFFORTS have invited. Even the con-
finued agitation of the subject adds
greatly to the difficulties of q danger
ous financial situation already forced
upon ".
IN CONCLUSION.
In conclusion, especially entreat the
peoples representatives In the Com
Bress. who are charged with the re-
sponsibility OF enaugurating measures
for the safety and prosperity Of our
common country. to promptly ana ef-
consider the ills of our criti-
cal financial plight. have suggested
remedy which NV f1Hrront
proves. desire. however, to assure
the Congress- that am prepared to co..
operate with them In perfectinG anv
other measure promising thorough ana
practical relief. and that I will GLADLY
labor with them in every patriotic en-
deavor To further the interests and
guard the welfare Of our oountrymen.
whom IN our respective places of duty
GROVER CLEVELAND
ID. c.. Executive Mansion.
December 1 1895.