Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1895-12-03

.tsitam would also uflhs ou "
nonon.o f tho entire system OF credit
s'Al rben based on standard when
vhou,,ired and adopted By tho World
tie.,'ness, Il many ume. more poleu
Of oussf,i than the entire volume OF
sd and IL safely capable Of almost
slifenly,,,d, sxpansion to meet the grown
ilteh ". mi enterprise. In self-inyi cd
q uaI through darkness and uncer-
dfueE" humiliation would DO in.
plnNi, L,. tho onsclouAnoss that We hau
tieisgu -s,g,,pany with all the enlightened
rif,eu ,,.,..se.siye nations of the world,
fni I,e desperately and hopelossiy
iai a. meet the stress OF modern
al ,,n, and competition viii adebased
U1'n.rsuitahle currency, uud IN n-sucia,
tnl sltn the fow weak anu laggAlu
tsl bich have silver alone as thoir
,ardnd Of value
4uB wAnSINos or HISTORY
mbi,,ory warns us against rash ex-
er,. which threaten violent
-, in our monetary standard
M DEGRADATION OF our currency.
~ - H. filt Of lessons, teaching not
ny ~ economic dangers but the m.
guy lmmorality that follows IN tho
uaa-, '5rh cxpefimouts. will not be-
ii.l.tta. tho American people can ho
..ssJei after sober elaboration 10
1910 their natlon's prestige aud
.5si anding by encouraging financial
t,nrs, nor that they VIII yield TO me
Hsiiprofuont OF cheap money, when
h,e .si,,e mat II must result IN tho
Ming " that financial integrity ana
.'i,ode which thus far In our history
.tcsn 40 doyo,cdly cherished as onoof
..strtIt. Of true Amorlcnnism'
", r1untry's indebtedness, whether
~. by the government or existing DO.
iss individuals. has been contracted
~ ,eiefeuep TO our present standards
80 ar act u Congress that these debts
s.nbs payablo in less valuable dollars
IN tboio within tho contemplate ON and
.,sstion Of tho parties whom contracted,
,-o1d operalo TO tfansfer by the fiat OF
y. ana without compensation an
srouni Of property and volume OF
~. and interests almost incalculnblo.
80 vino advocate n blind gnd head
r.. piuure IN FREQ coinage In tho namo
'fbmeialllsm, aud protesting tho belief
,,stfsfv To all experience that wo could
~. s.iablish double standard aud
'-rsnfraut circulation OF both metals In
,,,eolpage,arO cOrtaiuly reckoning nom
sloudv standpOinLOur prcsentstnndard
a vaiuo II the standard OF the civilized
,,,.d and permits the only bimeialliam
- Bossiblo, or az least that IL within
n lndependcnt roach Of any single ma
t5p. however, powerful that naion may
Ia while the value Of gold ~ stand
mi l. slsadled by almost universal COM
mefeial aud business use, II docs not des-
M silver nor seek its Punishment.
Wherever this standard IL maintained
llre is at IT, side In froc aud unquea.
uafsd circulation volume OF silver
eiffency sometimes equalling aud some
un8s even exceeding u ia amount, both
nalnaiuod NJ parity Notwithstanding
AGGREGATION or huciuation la the In
tfIaslc valuation OF silver. There IL q
rt difference between n standard Of
viIuo aud currency for monetary use.
Ihe standard must necessarily be tNod
M certain. Tho currency may be- In
diverse forms aud Of various kinds. No
herstandard country has gold cur
nacy 10 circulation, but an enlightened
tsl wlso sys en- OF finance secures the
bbed,s OF both gold and silver ~ cur.
uury aud circulating medium by keep
sgthe standard stable aud all other cur
i5ndy at par with II. Such a system aud
sch a standard also give irco scope Tor
htuso and oNpnuAion OF safe aud con.
svatiye credit 30 indispensable to
lftad aud growing commercial
ntlsaciiOns and 20 well subAti-
lisd for the actual uso OF money,
ladxed aud stable standard IL main
huel such as the magnitude and safety
e our commercial transactions require,
las use OF money Itself In conveniently
alnImifCd. Every dollar Of fixed aud
Eib'e value has through tho agency OF
ctldeni credit an astonishing capacity
4 multiplying Itself In financial work.
Na.HH fHmaFuN.IA aud nHWFnwFNsaa.
iilsas a basis Of credit, and In Its use
lggz gambling speculation aud undor-
nnes the foundations Of honest enter
Risa.
have yonlurod to express myself on
hsauhlecl with chrnesI ness and plain.
les Of speech because cannot rid my.
,di Of the belief that ther0 Turks In
he proposition for the FREQ coinage OF
silver NJ strongly approved aud so on
ll'iAsilcally advocated by n multitude
q my counlfymon, serious monaco TO
on property aud an insldiouH tcmpta.
ion 10 our people TO wander from tho
hl'gance they owe 10 public and private
Integrity. II IN because / do not dis
uusl the good faith and sincerity OF those
Nho press this monaco that l have i'm.
perfectly, but with zoal. submitted my
Aoushls upon this mumentous subject.
cannot refrain from begging them to
is'sxamino their Views aud beliefs In tho
Ashl Of patriotic reason and familiar cx-
lfnence, aud TO weigh again aud again
Ne conscqusnoos Of such legislation n
PER efforts hayo invited. Even the con-
ullei agitation OF the subject adds
really 70 the difficulties OF dangerous
lalnelal situation alroidy forced upon
o.
10 conclusion, especially ontroat tho
FpploA representatives Ia tho Congress
Nlo are charged with tho responsibility
u lhaugunting measures for tho safety
~ Prosperity OF our common country,
hWomplly and effectively consider lilo
y. Of our critical financial plight.
ave suggested n remedy which my Iudg-
l.hl approves. l desire, however, 10
.'lfe tho Congress that am prepared
cooperate with thom IN periociing any
veg measure promising thorough aud
Ea'heAl relief, aud that l will gladly
~ with Thorn In every patriotic on
1,Alor 70 further tho interests aud guard
". welfare N our counlrymon, whom In
Irrespective places OF duty We hayo
1llefiakon 10 HurVo.
"a, ValgneD GROVER CLEVELAND,
,nAnshlNGtoN, ID. G., Executive Man
h'ui Dec .. ls15.
=s
EnOunWfW l.