The daily morning journal and courier., 1895-12-04

Our present standard of value is the standard of the civilized world and per mits the only bimetallism now possible, or, at least, that is within the indepena- ent reach of any single nation. however powerful that nation may be. While the value of gold as a standard IS steadied by almost universal commer- cial and business use, 1t does not des- pise silver nor seek its banishment. Wherever this standard is maintained there is at its side, in free and unques- toned circulation, a volume of silver currency sometimes equalling and sometimes even exceeding it in amount, both maintained at a parity, notwith- standing depreciation or fiuctuation in the intrinsic value of silver
 There is a vast difference between a standard of value and currency for monetary use. The standard must ne- cessarlly be fixed and certain. The currency may be in divers forms and of various kinds, No silver-standard country has gold currency in circula- tion but an enlightened and wise sys- tenn of finance secures the benefits of both gold and silver as currency and circulating medium by keeping the standard stable and all other currency at par with it. Such a system and such a standard also give free scope for the use and expansion of safe and con- servative credit, so indispensable to broad and growing commercial tram sections, and so we'll substituted for the actual use of money. If a fixed and stable standard is maintained such as the magnitude and safety of our commercial transactions and business require, the use of money itself is con- veniently minimized. Every dollar of fixed and stable value has, through the agency of confident credit, an astop- ishing capacity of multiplying itself in financial work. Every unstable and fluctuating dollar fails as a basis of credit and in it's use begets gambling speculation and undermines the foun- dation of honest enterprise. have ventured to express myself on this sub- ject with earnestness and plainness of speech because cannot rid myself of | the belief that there turks in the propo- sition for the coinage of silver, so strongly approved and so enthusiastic cally advocated by multitude of my countrymen, a serious menace to our prosperity and an insidious temptation of our people to wander from the alle- glance they owe to public and private | integrity. It is because do not dis | trust the good faith and sincerity of those who press this scheme that I have innperfectly but with zeal submit- l ted my thoughts upon this momentous subject. I cannot refrain from begging them to re-examine their views and be- )Hefs in the light of patriotic reason and familiar experience, and to weigh again and again the consequences Of such legislation as their efforts have invited. Even the continued agitation of the subject adds greatly to the diffi- culties of a dangerous financial situa- ton already forced upon us.
 PROMPT ACTION ADVISED.
 In conclusion I especially entreat the peoples representatives in the con- gress, who are charged with the re- sponsibility of inaugurating measures for the safety and prosperity of our common country, to promptly and ef- fectively consider the ills of our criti- cal financial plight. I have suggested | a remedy which my judgment ap- proves. I desire, however, to assure the congress that ann prepared to CO., operate with them in perfecting any other measure promising thorough and 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 countrymen whom In our respective places of duty we have undertaken to serve.
 GROVER CLEVELAND. | Executive Mansion, Dec. 2, 1895.