The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-04-15

of Great Nationv-Cheap Money
and the Wage Garner.
following is the text of President
Cleveland's reply to the Chicago com
mittee:
Executive Mansion, Washington, D.
c., April Is, 1895.
"Gentlemen-I am much gratified
by the exceedingly kind and compli-
mentary invitation you have rendered
me on behalf of many citizens of
Chicago to be their guest at a gather
ing in the interest Of sound money
and wholesome financial doctrine.
My attachment to this cause is so
great and know so we'll the hospital
ity and kindness of the people of Chi
cago, that my personal inclination is
strongly in favor of accepting your
fiattering invitation, but my judgment
and my estimate of the proprieties of
my official place oblige me to forego
occasion you contemplate.
Nothing More Important.
ct hope, however, that the event
will mark the beginning of an earnest
and aggressive effort to disseminate
among the people safe and prudent
financial ideas Nothing more i'm
portant can engage the attention of
patriotic citizens, because nothing is
so vital to the welfare of our fellow
countrymen and to the strength, pros
perity and honor of our nation.
"The situation confronting US de-
mands that those who appreciate the
Importance of this subject and those
who ought to be the first to see inn
pending danger should no longer re-
main Indifferent or over-conhdenl.
abroad in the land is to save us from
mischief and disaster. it must be
crystalized and combined and made
Immediately active. 1t is dangerous
to overlook the fact that a vast num-
Der of our people, with scant oppor-
tunitv thus far to examine the ques-
ton in all its aspects, have nevertne-
less been ingeniously pressed Win
suggestions which in this time OF Iiils-
fortune and depression hnd Wlnns
listeners. prepared to give credence TO
-, scberoe which is plausibly pre-
eanted as a remedy for their unfor-
tunate condition.
What Is Needed.
"What is now needed more than any
thing else is a plain and simple preset
tation of the argument IN 1aVor u
sound money. In other words, IL is d
ti,,,e for the American people to reason
together as members Of great ma
ton which can promise them con-
tinuance of protection and SAFETY ohly
so long as its solvency is unsupported,
lie honor unsullied an6 the soundness
of its money unquestioned. InSse
things are ill-exchanged for the lilu,
sions of a debased currency anu
groundless hope OF advantases ~ I
gained by a disregard of our nnanclaI
Credit and commercial standing among
the nations of the world. >,
"If our people were isolated from all
others. and if the question or our cur
renew could be treated without regard
TO our relations to other countries It's
character would be matter or COM
paratiyely little importance. II the
merican people were only concerned
IN the maintenance Of their precious
life among themselves, they might re-
turn to the old days of barter and in
This primitive manner acquire from
ZACH other the materials to supply the
wants of their existence. But II Amerl-
IAN civilization were satisfied with
his it would abjectedly fail in it's high
and noble mission.
The Wage Garner.
''In these restless days the farmer IS
tempted by the assurance that though
our currency may be debased, -redund-
ant and uncertain, such situation
will improve the price of his products.
Hfr no
IS we'll as sell; that his dreams of
oIenty are shaded by the certainty
hat if the price of things he has to
;ell is nominally enhanced, the cost
If the things he must buy will not re-
main stationary; that. the best prices
which cheap money proclaims are I'M
and elusive, and that even
f they were real and palpable, he
must necessarily be left far behind In
he race for their enjoyment.
1T ought not be difficult to con-
rince the wage-earner that would |
each him least of all and last of all. |
n an. unhealthy stimulation of prices, /
IN increased count of all the needs Of
lis home must belong to his portion.
While he is at the same time vexed |
With vanishing visions of increased /
wages and an easier lot. The pages
# history and experience are full of /
his lesson. An insidious attempt is
made to create a prejudice against the
.dvocates of a safe and sound currency
" the insinuation, more or less di-
ectly made, that they belong to finan-
ial and business classes and are,
therefore,, not only out of sympathy
With the common people of this land,
tut for selfish and wicked purposes are
Wiling to sacrifice the interests of
hose outside their circle.
Difference in Degree.
81 believe that capital and wealth,
through combination and other means,
ON etimes gain an undue advantage;
nd it must be conceded that the main
enance of a sound currency may, in a
ense. be invested with a greater or
ass Importance to individuals, accord
ng to their condition and circum-
tances 1t is. however. only differ
nee in degree, since it is utterly inn
ossible that anyone in our broad
and. rich or poor, whatever may be
is occupation or whether dwelling in
centre Of finance and commerce. or