Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-01-10
CLEVELAND'SLETTER
III, President Amazed at the lnIolsr-
aDCs Of PaTtlsauihip'
NJ pEslrs CERTAIN ASSERTIONS
And Chnrac.erizss rh,m ns the ACCUSE
tons Of lieudarIous aud sensa'
tIonnl Ntw'paper.

wAgutHuTON, jan Vs-iho ueN'
On tho Elkins resolution In the senate
last Friday, when tho administration
-. accused by several senators OF
having entered into an agreement win
,he syndica,o to float the expected issue
=, bonds. IL the subject Of letter
v,,tteu By President Cleveland 10
senator Gallery. The knowledge that
,nch n letter had been addressed TO
Ar. CaGsry was obtained tonight, ana
tho letter was made public by the
latter. Itisin the handwriting OF tho
President, and covers six pages Of
closely written note paper. II Is IN
full as folIowG
EXECUTIVE MANSION, go.
Washington, Jan. b, 1915.
NV Dear slr-I have read today In
tho Congregational Record the debate
IN the Senate on Friday concerning
the financial situation and bond is,ues.
am amazed at the intolerance thaI
leads even excited partisanehlp 70
aJnrt a. n basis Of attack the unfounded
accusations aud assertions OF mallol-
nnsly mpndaciOus and sensational
nJwspaper ,.t.. ..
oth,r human being has been Invited TO
visit Washington for the purpose Of ar
ranging ia auy way or manner for the
dI.position OF nOnun to meet the pres
spi or future needs OF the gold reserve.
M arrangement Of any kind has
been made for the disposition OF such
bonds 10 any syndicate or through The
agency Of any syndicate.
No assurance OF such \ disposal OF
bonds haa been directly or Indirectly
Given to any pcrsou. In point Of ilct
a decided leaning towards populr
loan aud advertising for bids has been
uIainly xnibited on the part OF the
Standardization at all times when the
subject was under discussion.
Those charged with the responsibility
nj maiptaining our gold reserve, 50 far
ns LEGISLATION renders II possible, have
nIxiously conferred with each other,
and. as occasion permitted, with those
having knowledge OF financial nffaits
and uolitlcal monetary conditions Ms to
the beet and most favorable means OF
ceiling bonds for gold.
The unusual Importance Of = success.
fuI result, " the attempt is again made,
ought {, be spparent to every Ameri-
can citizen who bestows upon the sub.
feet a moments patriotic thought.
The secretary Of the treasury, from
the first moment that tho necessity Of
another sale OF bonds seemed TO be mp.
preaching, desired TO offer them, n H..
sued, to the people by public ADVERTISE
mont, n they could thus bo successfully
dIspoied Of. After full consideration he
came to the conclusion, TO which fully
agree, that the amount Of gold In the
reserve, being now $2O,OOO,OOO more
than II was In February last, when Il
sale Of bonds was made 10 syndicate,
and other conditions differing from
those then exciting, Justify ua In
Offering tho bonds now ab3ui TO be
Issued fot sale by popular subscription.
This Ia the entire matter, and all
those particulars could have been
easily obtained by any member OF
She Senate by simple Inquiry.
II Mr.. Morgan or any one else, rea-
Honing from his own standpoint,
brought himself 10 tho belief that the
government would at length be con.
strained to again sell bonds 10 a syn
dictate, suppose he would allow that
the representative OF the government
would have perfect right, II he chose,
TO take such steps ne seemed 10 him
prudent, TO put himself in condition to
negotiate.
oxpru, an Issue of bonds will be
advertised for sale tomorrow, and thai
bids will DO invited not only for those
now allowed by law, but for such
other and different bonds az Congresl
may authorize during the pendency oil
the advertisement.
Not having had an opportunity /,
couier with you In person since tn,
present session OF Congress began, anC
noticing your participation In the de
bate OF last Friday, have thought 4
not Amihs to put you IN possession o
the facts ond Information herein con
tAined. YOurs vety truly,
GROVER CLEVELAND.