The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1896-10-10

eminent therefore issued a paper cur
rency with all the fanatical faith in
fiat finances that the leaders OF the
cheap money mania develop In this
campaign. And that the confederate
government then honored among its
most able economists the very leaders
OF present tumultuous movement for
silver monometallism. George Graham
Vest was then a standard authority in
confederate finance and so was that
learned and successful fnancier. Ish-
am @. Harris OF Tennessee, and also
those patterns OF confederate wisdom
and sagacity. Pugh and Morgan OF
Alabama. The consummate skill in
raising revenues and creating currency
values In the southern confederacy at
tests their qualities and abilities "a
good citizens to whom a patriotic poll
tical econmy Is an inspiration. The
fact that very many OF the leaders OF
the confederacy l6 to 1 doctrine were
present, dominant and triumphant at
the Chicago convention and were also
among the prime architects OF the
wonderfully expansive and successful
monetary system of the confederacy Is
cause for congratulation. Instinct
taught those practical men in the days
OF their confederate fame that honest
money OF unfiuctuating purchasing
power was the creature of law. But
experience subsequently, gave them n
lesson which illustrated the folly OF
being governed In affairs OF finance by
either instinct, emotion or oratory.
Then they found that the laws of the
confederacy conferred no value upon
either silver or paper, but that the
gold bullion OF the United States which
the confederacy appropriated to Its
own use and mnted at New Orleans
and at Dahlonega into agles and double
eagles. continue, though In law coun-
terfelts, Of as much purchasing power
as those OF the same weight and fine
ness coined by the United States on
yesterday. And yet we are told that
the coin values are the mere creations
OF law"
Before beginning his address Secre-
tary Morton announced that an lnvi-
tation had been sent to President
Cleveland requesting his presence at
the meeting. Mr.. Morton then read the
presidents letter regrottlng his inabil-
ity to he present and was as follows
Gray Gable. Buzzard's Bay. Edwin II.
Smith. Esq, chairmnn-My Dear Sir:
l am much interested In the work
which the American Honest Money
league has undertaken and | Will be
glad TO do anything ] consistently can
TO aid Its efforts. ! regret. therefore.
that | must decline your invitation to
address the league on some date pre-
vious to the approaching election. Even
II the pressure OF official duty did not
prevent. I should hardly deem It con-
slstent with strict proprlety TO mingle
actively In the pending campaign.
While II II impossible that any OF my
fellow citizens should have the least
doubt as to my sentiments on the vital
question which at this time absorbs
so largely the attention OF our people,
the work of advancing sound financial
ideas and the labor OF enforcing the
lessons OF public and private honesty
and morality. l fell must be provoked
without such participation on my part
as you suggest. Wishing for the league
the utmost success In It's patriotic en-
deavors, ] am. very sincerely,
"Grover Cleveland"