Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1900-10-13

Famous Sound Money Argument
Made in 1895 Reiterated Text
Of Letter.
Louisville, Oct. 13.There is no long
er any uncertainty about where Grover
Cleveland stands in this campaign. The
former president OF the United States
is against Organism and against Bryan
John 8. Green, Of this city, wrote to
the former president inquiring If he has
changed his views on the financial ques-
tion as expressed in his letter to Chica-
go business men on April Is, 1895. MIR.
cleveland's reply to Mr.. Green is as
follows:
Green, Esq.-Dear Sir: have received
Your letter, inclosing copy of my let
Ter written more than five years ago to
the business men of Chicago. i had
not seen it in long time but ii seems
to me could not state the case better
at this time If / should try. have not
pressed in the least Yours truly,
GROVER CLEvELAND..
HIS LETTER TO CHICAGOANs.
Following is the text Of the letter re-
ferred to:
Executive Mansion, Washington,
April IS. 1s95.-Aessrs. William T.
Baker, George w Smith. John A.
Roche, T. w. Harvey, David Kelly and
Henry S. Robbins Gcntlemen: / am
much gratifled by the exceedingly kints
and complimentary Invitation you have
rendered me on behalf of many citizens
of Chicago to be their guest at gath
ering in the interest of sound money
and wholesome financial doctrine. Ny
attachment to this cause is so great and
4 know so wellsthe hospitality and kind
ness of the people of Chicago that my
personal inclination is strongly in favor
of accepting your hattering invitation
but my Judgment and my estimate of
the prCprieties OF my official place
soblige me to forego the enjoyment of
participating i'll the occasion you con-
template.
II hope, however the event will mark
the beginning of an earnest and aggres-
siye effort to disseminate among the
people safe and prudent financial ideas.
Nothing more Important can engage the
attention Of patriotic citizens, because
nothing is soSyital to the welfare of our
fellow countrymen and to the strength,
prosperity and honor of our nation The
situation confronting US demands that
those who appreciate the Importance of
this subject and those Who ought tot
be the first to see impending danger
should no longer remain Indifferent or
over-confident.
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 scarce
opportunity thus far 10 examine the
question in all its aspects have. never
Itheless. beer ngeniously pressed with
specious suggestions, whichgin this time
LOT misfortune and depression find will
ling listeners, prepared to give credencez
To any scheme which is plausibly pre-
scented as remedy for their unfortu-
nate condition.
What is now needed more than any
thing else is a plain and simple pres
isentation of the arguments in favor of
/ sound money. In other words. it is
time for the American people TO reason
ltogethe, as members of a great nation
which can promise them a continu-
( anee OF protection and safety only so
Hong as its. solvency is unsus pected. its
I honor unsullied and the soundness of
Tits money rnquestioned. These things.
4 are i'll exchanged. for the Illusions of a
4 debased currency and groundless hopes
lsof advantages 10 be gained by a disre-
4 gard of our financial credit and COM
nercial standing among the nations of
4 the world
IF our people. were isolated from all
others and Ii the question of our our
rency could be treated without regard
4 to our relations TO other countries, It's
4 character would be a matter of COM
paratively little Importance. II. the
4 American people We're only concerned
4 in the maintenance OF their precious
4 lift. among themselves they might re-
i turn TO the old days of barter and in
u this primitive manner acquire from
leach other the materials to supply the
wantssof their existence. But II Amer
lean civ liZation were satisfied with this
lit would abjectly fail in its high and
& noble mission.
In these restless days the farmer is
u tempted by assurance that tho our
J currency may be debased. redundant
J and uncertain such situation Will i'm
prove the price of his products. Let
a us remind him that he must pay as well
as sell: that his dreams of plenty are
shaded by the certainty that if the
l'price of the things he has to sell is
nominally enhanced the cost of the
1 things he must buy will not remain
i stationary: that the best prices which
cheap money proclaims are unsubstan-
tial and elusive and that even If they
were real and palpable he must neces-
4 sarily be left far behind in the race fol
II their enjoyment
i 1T ought not to be difficult to con-
], vince wage earners that II there were
j benefits arising from degene rated
& currency they would reach him least 81
all and last Of all. In an unhealthy
II stimulation Of prices an increased COS.
of all the needs of his home must sure
lily be his portion, while he Is at the
same time vexed with vanishing Wis
Il ions of increased wages and an easier
qIE,5.