The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-04-17

Denver. April ia special to the
Rocky Mountain News from Washing
ton. says:
Senator Stewart has addressed the
following letter to President Cleveland,
commenting on the latter's letter to
the Chicago committee:
Washington. D. c.. April Is. 1895.
''Mr. President-Your letter of the
18th inst. addressed to Messrs. W. G.
Baker. George W. Smith and others OF
the Chicago committee. is timely. The
country looks to you. as the great
champion of the present financial con-
dition of the country. The policy for
which you have labored so long and so
perststent1y has been established, and
the money of the United States is re-
duced to the shrinking volume of gold.
You say:
What is more needed than anything
is plain and simple presentation OF
the argument in favor Of sound
money"
The truth of this proposition cannot
be denied. If there is any argument in
favor of the sound money policy which
you have adopted and forced upon the
country it should be presented at once.
You have urged upon the country. in
all your public utterances for the last
ten years. the necessity for sound
money.
What is "Sound Money"
You have excited the curiousity of the
people by your frequent use Of such
phrases as sound money and safe
currency" but you have never conde-i
scended to satisfy that curiosity by
stating what those terms meant or
what is sound money" or "safe cur
rency." You say:
If the sound money sentiment
abroad in the land is to save US from
mischief and disaster. it must be
crystalliZed and combined and made
Immediately active. 1t is dangerous to
overlook the fact that a vast number
of our people. with scant opportunity
thus far to examine the question in all
it's aspects have nevertheless. been in
geniously pressed with SpeciouS SUg-
gestions which in this time of mis-
fortune and depression find willing
listeners. prepared to give credence to
any scheme which is plausibly pre-
sented as a remedy for their unfortun-
ate condition"
You are right. I'm this time of mis-
fortune and depression" the people are
willing to listen to any remedy for
their unfortunate condition. 1t is
gratifying to know that you learned
that this is the time of misfortune anu
depression and that you know that
sound money is the remedy If you
will kindly tell the people what sound
money is they would understand the
remedy you propose and could form
their own opinions as to its probable
efficiency.
From a Letter of '93.
In your letter to Governor Morton, Of
September II. 1898. you said:
Il want good. sound. stable money
and a condition of confidence that will
keep it in use. am. therefore. opposed
to the free and unlimited coinage of sill
yer by this country alone and indie
pendently. and 1 am in favor of the
immediate and unconditional repeal
of the purchasing clause of the So
called Sherman law. confess 1 am as
tonished at the opposition in the Sen
ate to such prompt action as would re-
lieve the present unfortunate situa-
ton"
The opposition in the Senate at
which you were astonished was over
come, and the prompt action which
you declared would help the unfOrtu-
nate situation was obtained more than
eighteen months ago. and the then
present unfortunate situation tn
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 situa-
ton" rallied to your support the COM
mercial press, the boards of trade, and
the dealers in moneys apd bonds;
called business men and enabled you.
with the power and patronage of your
great office, to overcome the opposition
in the Senate, which astonished you
Look For an Explanation.
The people naturally look to you for
an explanation why the repeal of the
purchasing clause of the Sherman act
did not relieve the unfortunate Situa-
tion,'' as you predicted.
Your present plan of relief is g
plain and simple presentation of the
argument in favor of sound money.
Why do you not present the argument
and say what sound money is? Are
you unwilling to trust the people with
a plain statement of what you mean,
or are you using terms which you
yourself do not understand? If the
former, it reflects upon your good
faith. If the latter, you are advising
others to use arguments which yoI7
yourself are unable to present. You
say: Disguise it as we may, the line
of battle is drawn between the forces
of a safe currency and those OF silver
The country is looking to you, and
you alone, to explain why times are
hard under your sound currency
policy. You have DELAYED explanation
too long. The country is getting inn
patient. 1t is encouraging that you
appreciate the necessity for prompt ac-
ton. You say: IF the sound money
sentiment abroad in the land is to
save us from mischief and disaster II
must be crystallized and combined and
made Immediately active.
Gold Recommendation in Danger.
You are right. Your Sound money
gold recommendation is in danger. But
when crystallized and combined the
danger will be greatly increased, I'M
less your plain and simple presentation
Of the argument in favor of sound