The Dalles daily chronicle. [volume] (The Dalles, Or.) 1890-1948, 1895-04-17
AN APOSTLE OF SILVER
Nevada's Senator Replies to
Cleveland's Letter.
THE sILvERITEs ARGUMENTS
Financial policy Declared to BE the
Root OF All Evil the Country
Recently Suffered.

WASHINGTON. April Ex-senator
Stewart has addressed the following let
ter to President Cleveland, commenting
on the latter's letter to the Chicago COM
mittee:
"Your letter of the 18th, addressed to
w. G. Baker, George M. Smith and
others of the Chicago committee is
timely. The country looks to you as
the champion of the present financial
condition of the country. The policy for
which you have labored SO long and per-
sistently has been established, and the
money of the United States is reduced to
the shrinking volume of gold. You say ::
What is now more needed than any
thing else is plain and simple presen-
tation of the argument in favor of sound
money The policy which you have
adopted and forced upon the country in
all your public utterances for the past
10 years is the necessity for sound
money. You have excited the curiosity
of the people by your frequent use of
such phrases as sound money and safe
currency but you have never condes-
cended to satisfy shat curiosity by stat
ing what those terms meant, or what Is
sound money or safe currency
t'The people would like definite an
swer, as they do not understand what
you mean. Your recent sale of $62 ,000,-
600 of bonds to the Rothschilds' syndi-
cate for So, ,0OO,O0 less than their market
value to obtain gold and maintain gold
monometalism is some evidence of your
: familiarity with the forces of safe cur
rency.'
'Your assertion that the opposing
forces are those of silver monometalism
shows that you do not understand the
position of the bimetalists, or that you
knowingly misrepresent the position.
Assuming, as 1 must, that it was want OF
information on your part, without the
least desire to deceive the people, you
will pardon me for informing you for
what the advocates of unrestricted coin
age of both gold and silver contend.
Why do you urge that a return to the
coinage of both metals upon terms of ex-
act equality, as established by jefferson
and Hamilton and maintained by all
patriotic statesmen of every party pre-
vious to the clandestine demonetizatior
of silver in 1873, would debase the cur
rency and destroy the credit of the gov.
ernment? Have you ever compared the
prosperity of the country under YOU
illustrious predecessors who maintained
unrestricted coinage of both metals witt
the misfortune and depression which
aflict the country under your admins
tration? Did it never occur to you tina
Jefferson and jackson might be righ
and you might be wrong2 Did you evel
consider the ultimate possibility of tht
radical change that Senator Sherma:
and your associates in cooperating will
what you term the forces of safe currency
have NADER
"You have disregarded not only tn,
teachings of the fathers of the republic
but you have reversed the usages anC
customs of the civilized world which
have existed for thousands of years pre-
Yious to 1873. You have destroyed one
half of the worlds metallic money, an,
enchanced the value of the other hal
fully 100 per cent. You have compelle
the debtor TO surrender more tha
double the amount of property to liquid
ate his debts that the money he boz
rowed would have purchased at th
time he incurred the obligation.
:'You have increased the value of gol
by refusing the use of both metals q