Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-12-21
FROM THE PRESIDENT
SDscisl Message to Congress on the
Financial Situation.
OrR PRESENT PREDICAMENT.
II Is The Logical Outcome Of Our UnVlse
Monetary System.
.cr,ox pEroRE ADJOURNMENT.
49,, Asks Legislation 10 Quiet Apprc-
tension and to Prevent s"cri"ce "'
- ,,,crests Before Law
,,.Lcrs Take Holiday.

.,-.sx,,xGTON. u. C., December ~
49,. president at 4:2o y. NJ. sent the ioi-
,...re important message to Congress on
,s, financial situation;
.r, the Congress:
.ro my last annual message the evils
,,,r prescnt financial system We're
.,.,,. ,.o,nted out. and the causes and
,os Of the depletion Of government
,, were explained. 1t was therein
..,,l that. after all the efforts that had
~ -,sae bv the executive branch OF
-,vernmcnt to protect our gold re-
- h, the issuance of bonds amount
,-. o., more than Sl62. 10000. such reserve
-, amounted TO but little more than
,-s.,aoDo. that about sl60C0.000 had been
...,bsrawn from such reserve during the
..,~th next previous 10 the date OF that
,,sssaee. and that quite large with
s-swals for shipment in the immediate
future were predicted.
.erhe contingency then feared has
.,scbed us. and the Withdrawals of
r,ld since the communication referred to-
and others that appear inevitable
,A-saten such depletion In our govern
,,.rt gold reserve as brings US face TO
s,,a with the necessity OF further action
f,r its protection. This condition is in
,s,siasa By the prevalence in certain
snsrters Of sudden and unusual appre-
tension and timidity in business circles.
FATUOUS FINANCES.
eve are in the midst OF another sea-
son u perplexity. caused by our danger
OILS and fatuous financial operations.
rhes. may be expected TO recur with
certainty as long as there is no amend
nent in our financial system. If in this
oarticular instance our predicament is
st al Influenced by a recent insistence
mon the position we should occupy
ln our relation 10 certain questions con-
,erning our foreign policy, this furnishes
4 signal and impressive warning that
even the patriotic sentiment OF our peo-
rle is not an adequate substitute for
sound financial policy.
"Of course. there can be no doubt In
srv thoughtful mind as TO the complete
soivency Of our nation: nor can there be
any Just apprehension that the American
people will be satisfied with less than
a. honest payment of our public obli-
cations in the recognized money Of the
world. We should not overlook the fact,
,owever that aroused fear is unreasoning,
and must be taken into account in all ef-
forts to avert public loss and the sacri-
ace Of our peoples interest
a cure of our recurring troubles can
.l,o fr.
,ur financial scheme. and, pending ac-
ion 10 this end. the executive branch
of the government will not relax its ef-
,orts nor abandon every means TO main
ain before the world American credit;
nor will there be any hesitation in ex-
.ibiting it's confidence in the resources of
,ur country and the constant patriotism
q our people.
ACTION BEFORE RECESS.
In view. however, Of the peculiar
situation now confronting US. l have ven
ured 10 herein express the earnest hope
hat the Congress. in default Of the
Inauguration OF better system of
anance. viii not take a recess from
i,s labors before it has by legislative
enactment or declaration done something,
not only to remind those apprenensive
among our people that the resources
% our government and scrupulous
regard for honest dealing afford sure
gsarantee Of unquestioned safety and
soundness: but TO reassure the world that
with these factors and the patriotism Of
DUP citizens the ability and determina-
ton Of our nation to meet in any cir
clmstances every obligation 1t incurs do
not admit Of question.
4 ask at the hands Of the Congress
such prompt aid as It alone has the power
10 give TO prevent, in time OF fear and
apprehension, any sacrifice Of the peoples
interests and public funds. or the i'm
24irment OF our public credit, in an ef-
'ort by Executive action 10 relieve the
hangers Of the present emergency.
lslgnsd) GROVER CLEVELAND.
Executive Mansion. December 20 1895"