Pine Bluff daily graphic., 1895-04-16
LARGEST DAILY CITY CIRCULATION
c1ETELAND AND CURRENCY

CLEFELAND AND CURRENCY.
 President Cleveland has replied to the invitation of the Chicago busi- ness men asking him to be their guest and deliver an address on sound money in that city. The Pres ident's letter is a strong presenta- tion of the money question and bears date of the 18th inst.
 President Cleveland first calls at tention to the necessity for crystal izing the sound money sentiment of the country 10 ocombat the "speeious suggestions, which in this time of misfortune and depression, find will ing listeners, prepared to give ere dence to any scheme which is plaus- ibly presented as a remedy for their unfortunate condition
 In this sentence he exposes the chief source of the cheap money sen timent in this country. Periods of depression afford the amplest opporr tunties for infationists, repudiation- ists and fiat money people to do their unboly work, but as soon as the necessity for their existence is over they pass away to join the other cheap money schemes of history.
 The President calls the attention of the workingman to the fact that in a period of imitation that he would be the greatest suffer, and he re minds the farmer that the better prices the latter would obtain for his products would be more than offset by the increased cost of everything he would have to buy.
 After calling upon the American people to reason together, the Pres ntsays:
 If our people were isolated from all others, and if the question of our currency could be treated without regard to our relations to other countries, it's character would be a matter of comparatively little inn portance. If the American people were only concerned in the mainte- nance of their precious life among themselves they might return to the old days of barter and in this primi- tive manner require from each other the materials to supply the wants of their existence. But if American civilization were satisfied with this it would abjectly fail in it's high and noble mission.
 In these restless days the farmer is tempted by the assurance that, though our currency may be debased, redundant and uncertain, such sit uation will improve the price of his products. Let us remind him that he must buy as well as sell, that his dreams of plenty are shaded by the certainty that if the price of the things he has to sell is nom:nally en- hanced, the cost of things he must buy will not remain stationary that the better prices which cheap money proclaims are unsubstantial and elusive, and that, if they were real and palpable, he must necessarily be left far behind in the race for their enjoyment.
 It ought not be difficult to con vince the wage -earner that if there were benefits arising from a degen- erated currency, they would reach him least of all and last of all. In an unhealthy stimulation of prices an increased cost of the needs of his home must long be his portion, while he is at the same time vexed with vanishing visions of increased wages and an easier lot. The pages of history and experiences are full of this lesson. An insidious attemptis made to create prejudice against the advocates of a safe and sound currency by the insinuation, more or less directly made, that they belong to financial and business classes ana re, therefore, not only out of sym