The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1895-04-20
Open Letters Addressed to the
Champion Of Gold.
SOUND MONEY IS LIKE WHAT ?
Senator stewart Anxious to Learn
More From the President on
That Matter.

Washington, April Ex-senator Stew
art has addressed letter to President
Cleveland commenting on the latters
letter to the Chicago committee; Sen
ator Stewart says in part:
Your letter addressed to the Chicago
committee is timely. The country looks
to you as the great champion of the pres
ent financial condition of the country The
policy for which you have labored so long
and so persistently has been established
and the money of the United States Is
reduced to the shrinking volume of gold.
You say: what is now more needed
than anything is a plain and simple pre-
sentation of an argument in FAVOR or
sound money" The truth of this PROPOSE
ton can not be denied. If there is any ar
gument in favor of the sound policy which
you have adopted and forced upon the
country Il should be presented. You nave
urged upon the country in all your public
ntterances for the last ten years the ne
cessity for sound money.
You say: "In this time of depression and
misfortune the people are willing to listen
10 any remedy for their unfortunate con-
dition." 1t is gratifying to know that
you have learned that this Is time OF de-
preston and misfortune, and that you
believe that "sound money" is the rem
edy. If you will kindly tell the people
what sound money Is, they would under
form their own opinions as to its proba-
BILE efficiency.
In your letter to Governor Norton of
September H. 1893, you said: II want
good, sound, stable money and condi-
ton of confidence that will keep 1t in use.
1 am therefore opposed to the free and
unlimited coinage of silver by this coun-
try alone and Independently, and am
In favor of the immediate and uncondi-
tional repeal of the purchasing clause of
the so-called Sherman law. l confess
am astonished at the opposition in the
senate to such prompt action as would re-
lieve the present unfortunate situation"
The opposition in the senate, at which
you were astonshed, was overcome, and
the prompt action which you declared
would help the unfortunate situation was
obtained more than eighteen months ago,
and the then present unfortunate situa-
ton, to which you alluded, has continued
and is now this time of misfortune and
depression" Your confident prediction
that the repeal of the Sherman act would
relieve the unfortunate situation" raj
lied to your support the commercial press,
the boards of trade and the dealers in
moneys and bonds, and enabled you, with
the power and patronage of your great
office, to overcome the opposition in the
senate which astonished you.
The people naturally look to you for an
explanation why the repeal of the pur-
chasing clause of the Sherman act did
not relieve the unfortunate situation"
Why do you not present the argument
and say what Sound money" is?
Whatever may happen you are entitled
to the gratitude of the American people
for your bold and open advocacy of the
combination of gold monometallism
against the doctrine of our secretary of
the treasury of the coinage of both gold
and silver upon terms of exact equality.
Your recent sale of $62, 900, 900 of bonds to
the Rothschilds syndicate for 50, 0O0, 900 less
than market value to obtain gold to main
tain gold monometallism is some evidence
of your familiarity with the forces of
safe currency" but your assertion that
the opposing forces are those of silver
monometallism shows that you do not
understand the position of the bimetal-
lists, or knowingly misrepresent their po-
sition.
IT HAS NEVER OCCURRED.
Did 1t ever occur to you that jefferson
and Jackson might be right and that you
might be wrong? Did you ever consider
the possibility of the radical change that
Mr.. Sherman and your associates in CO
operation in what you term as the forces
of safe currency have made? You have
disregarded not only the teaching of the
fathers of the republic, but you have re-
versed the usages and customs of the civ
ilized world, which existed for thousands
of years previous to 1873. You have des-
troyed one-half of the worlds metallic
money and enhanced the value of the
other half fully 100 per cent.
You now call upon the democrats OF
Illinois to present plain and simple ar
gument" which will satisfy the people
that financial policy which makes them
miserable is Sound money and safe cur
rency." If you know such an argument,
why do you not produce it?
You are doing what no other president
has had the courage to do since the crime
of 1873 None of your predecessors since
that deplorable event have dared to adj
wise a combination of gold monometal-
lists against the constitutional rights of
the American people to have coined at the
minis both gold and silver, and thereby
enjoy a sufficient supply of money for
ultimate payments of the business of the
country. to sustain enterprise and furnish
employment to labor