The Red Cloud chief., 1896-01-17
CLEVELAND is INDIGNANT
Replies to Attacks Made on Him by the
senate.

Replies to Attacks Made on Him by tn,
WASHINGTON, Jan. 1.-THE dcbate
on the ElSins resolution in the senate
last Friday when the administration
was accused by several Senators Of
having entered into an agreement
with u syndicate to float the expected
issue Of bonds. is the subject of u letter
written by President Cleveland to en-
ntor Gallery, of Louisiana. The
knowledge that such II letter had been
addressed to MIR. Caifcry was obtained
last night, and the letter was made
public by the latter. II is in the hand.
writing OF the President n covers
six pages of closely written note
paper. IL is In full rs follows:
Executive Mansion, Washington, u.
c., Jan. !, ls9G. My Dear SENATOR
have read to-day in the congressional
Record the debate in the Senate on
Friday, concerning the financial situa.
ton aud bond issues.
Ii am amazed ut the intolerance that
leads even excited p~artisanship tn
adopt, rs u basis Of attack, the un.
founded accusations aud assertions OF
u maliciouSly mcndacious and scnsn-
tional newspaper
No bankcr or ~tinnncicr, nor any
other human being, has been invited
10 visit Washington for the purpose OF
arranging in any way or II for
the disposition of bonds To meet the
present or future needs of the gold
reserve.
No arrangement of any kind has
been made for the disposition of such
bonds to any syndicate or through the
agency of any syndicate.
No assurance of such n disposal of
bonds has been, directly or Indirectly,
given To any person. In point OF fact,
n decided leaning towards IA popular
loan and advertising for bids has
been plainly exhibited on the part of
the administration ut all times when
the subject was under discussion.
Those charged with the RESPONSE
bility of maintaining our gold reserve,
SO far us legislation renders IL posi-
BILE. have a~nNiouSly conferred with
cach other and IA occasion permitted
with those having knowledge of iinan-
cial affairs and present monetary
conditions as to the best and most
favorable means of selling bonds for
gold.
The unusual Importance of q sue
ccssful result II the attempt is again
made, ought to be apparent to every
American citizen who bestows upon
the subject n moments patriotic
Thought.
The secretary of the treasury from
the first moment that the necessity of
another sale of bonds seemed to be APP
preaching, desired To offer them IL is.
sued to the people by public advcr-
tiscmcnt if they could thus be success
fully disposed of. After full consider
alton he came to the conclusion, to
which ! fully agree. that the amount
of gold in the reserve, being now SO
900, 900 more than IL was in February
last, when u sale of bonds was made
to n syndicate, and other conditions
differing from those then existing,
Justify us in offering the bonds now
about to he issued for sale by popular
subscription.
This is the entire matter and all
those particulars could have been cas-
lily obtained by any member of the
Senate BY simple inquiry.
II MIR. Morgan or anyone else. reas-
oning from his W standpoint,
brought himself to the belief that tho
government would mt length be con
strained to again sell bonds to n syn
ulchte, l suppose nc Wouiu hasc per
feet right, il he chose, to tako
such steps as seemed to him prudent,
to put himself in condition to nego.
tiate.
expect an issue of bonds will be
u advertised for sale tomorrow and that
bids will be invited not only for those
now allowed by law, but for such
other and different bonds as congress-
may authorize during the tendency of
the advertisement.
Not having had IN opportunity to
confer with you in person since the
present session Of Congress began and
noticing your participation in the de-
bate Of last Friday, ! have thought it
not amiss To put you In possession of
the facts and information herein con
tanned. Yours very truly,
GROVER EyEIA