The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1895-12-24
MORE JINGoIsM.

w IT'LL A4GSAS ~ SS1oS
or the Retiretirement
of the Greenbacks.
WASHINGTON, Dec. %. -President
Cleveland sent the following specia
message to Congress late this after
noon:
In my last annual message the evils
Of our present financial system were
Mainly pointed out and the causes ana
means of the depletion of government
cold were explained. It was therein
stated that after all the efforts tina nad
bean made by the executive branch OF
tho government to protect our gold re-
10 nv the issuanc9 of bonds amount
mo to more than 1852, 600, 600, such re-
..pvos then amounted to but little more
tban $40. 900, 900; that about SIG, OOO,-
nm had been Withdrawn from such re-
oorve during the month next previous
n the date of that message and that
mite large Withdrawals for shipment
n the immediate future were pre-
dicted.
The contingency then feared has
reached us and the Withdrawals OF the
cold sirc3 the communication referred
10, and others that appear inevitable,
threaten such a depletion in u gov
eminent gold reserve as brings us face
10 face with the necessity Of further
action for it's protection. This condl-
ton is intensified by the prevalence In
certain quarters of sudden and unu-
sual apprehension and timidity IN bust
ness circles. We are in the midst of
another season of perplexity, caused
BY our dangerous ard fatuous fnan-
cial operations. These may be expec-
ted to recur with certainty as long as
there is no amendment in our financial
system. II, in this particular instance,
our -predicament is at all Influenced by
decent instance upon the position we
should occupy 10 relations to Ger
tain questions concerning u foreign
policy, this furnishes a signal and i'm
~pressive warning that ever the p2tri.
otto sentiment of our people is not an
adequate substitute for a sound fnan-
eial policy.
OF course there can be no doubts in
any thoughtful mind as 10 the com
pIetesovereignty Of our nation, nor can
there be any just apprehension that
the American people will be satisfied
with lees 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 acc punt in all efforts to
avert public loss and the sacrifice of
out peoples interest.
The real and sensible cure for our
recurring troubles can only be affected
By a complete change In our financial
scheme. Pending that, the executive
branch of the government willno relax
is efJrts o abandon it's determine
ton 70 3 every mean within its
reach to maintain before the world
American credit, mol will there be any
hesitation in accepting it's confidence in
the resources Of u country and the
constant patriotism Of our people.
In view, however, OF the peculiar
situation now confronting US, 1 have
ventured to herein express the earnest
hope that the Congress, in default of
the inauguration Of a better system of
h~uance, will not take recess from it's
labors before it has by legislative enact
ment or declaration done something,
not only to remind those apprehensive
among cur people that the resources of
this government and a scrupuloUs re.
gard for honest dealing affords a sure
guarantee of u~nquestioned safety and
~soundness, but to reassure the world
that, with these factors and the patriot
ism OF u citizens, the ability and de.
termination Of our nation to meet in
any circumstances every obligation it
'ncurs do not admit of question.
ask at the hands of the Congress
such prompt aid as it alone has the
power to give TO prevent, in a time of
lear and apprehension, any sacrifice of
the peoples interest and the public
lunus, or the impairment of our public
credit, n an effort by executive action
to relieve the dangers of the present
emergency.
(Sigued) GROVER CLEVELAND.
Executive Mansion.
Look at the LABEL on this paper and
see if YOU owe US ANYTHING. Ofar m