The Dakota chief. (Gann Valley, Buffalo County, S.D.) 18??-1913, 1895-12-12

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plan must be adopted for their disposition
promising better results than those real
ired on previous sales. An agreement was
ciers and bankers whereby it was stipu-
lated that bonSs described In the resuinp-
Ign of isns' p3Safi he IL s'in thirty years
rate OF 4 per cent: per ennun and amount
ms 10 about So oo, co Should be sx-
smonntirx 10 alt q little more tiSan se5 ToSosstoSoSS. 900.
TsAas gold was TO be delivered in SUCH in
an nments as would complete its delivery
| thescontract, ard at least one-half OF the
| anlo~irt was 20 he furnished from abroad.
It wAs also agreed by those supplying this
gold that during :ae continuance OF the
a aassh p COX w~i nlSisss me s'VsrA"sn
rr rss S Soald au tisS pso 'thesr ! !nas: 4 bo sOa,
ing nsI i&assrosst a the rat: ps J per- cent; per
suted At par for the 4 per cent; bonds ds.
acr.oed in the agreement. On the day this
contract was MAIDS its erms were CONF
tive m"s' messag 90 INV in wshsss Il Il vas Mated. that
more than SIC. 0O. 0o3 would Ds' saved tc
the soyeramsn. II gold nUnds tSssTns s >
substituted for those mentioneA In the
contract.
Inc congress, having ueCISH00 t0 Grant
the necessary authority to secure this
saving. the contract. unmodihed, vas car-
s sisS 0qs; T; IS ,I5Hss7i i3 a on s9 shs s ss'e ass
Of July. f15s5. The psrfornance Of this
contract not only rsstofed the reserve,
but checked for a time the withdrawal
stored confidence and such peace and
quiet in business circles as were Of h
greatest possible value in every interest
that affects our people
I have never had the slightest misStv-
Ing concerning the wisdom or prcpriety
of this arranEereat. and am quite WIZ
sponsiciiity Tor its promotion. l believe II:
avertc0 p disaster the lmminence OF
which was fortunately not at the tir7e
Though the contract mentioned stayed for
good results could n5t'be permanent.
G~reenbschs Mast Go.
l am convinced the only thorough antr
practical remedy for our trouble Is found
IN the retirement ard cancellation Of our
~greenbacks. and the outstanding treas
ury notes issued by the government in
yms 1too OF silver purchases under the
believe this could be quite readily &C
somPlishea BY the exchange Of these notes
.sr l on1s'a a. ssasss sGnes & Se, small a. zen zen
rate OF interest. They should be long term
bonds thus increasing their d~esrabnity
30 dAio lea pdyHleII C0ulU
be we'll postponed 10 a period far removed
from present financial burdens and per-
plcxities, when. with increased prosperity
and resources. they could be more easily
met.
To insure the cancellation of these notes
and also provide a way by which gold may
be added to our currency in lieu OF them q
feature In the plans should be authority
given to tho secretary OF the treasury to
dispose of the bonds abroad for gold II
necessary to complete the contemplated
redemption and cancellation, permitting
him to use the proceeds of such bonds to
take up and cancel any Of the notes that
may be In the treasury or that may be
received by the government on any ac-
count. ne Increase OF our bonded debt
involved In this plan would be amply COM
pensated by renewed activity. and enter
prise in all business circies. The restored
confidence at home. the rsinstated faith
in our monetary strength abroad and the
stimulation of every interest ard indus
try would follow the cancellation Of the
gold demand obligations now affecting us.
Appeals to Congress.
In conclusion I especially entreat the
peoples representatives in the congress
who are charged with the responsibility
or inaugurating measures for the safety
and prosperity of cur common country
TO promptly and effectually consider the
Ills of our critical financial plight. I have
suggested a remedy which my judgment
approves. I desire, however, to assure
the congress that I am prepared to CO.
operate with them in perfecting any other
measure promising thorough and practi-
cal relief, and that l viii gladly labor
with them In every patriotic endoavo- TO-
further the interests and guard the wei
fare Of our countrymen whom in our re-
pectfve places OF duty We have undertaken
to serve. GROVER CLEVEIAND"