Democratic Sentinel, Volume 19, Number 16, Rensselaer, Jasper County, 26 April 1895 — CLEVELAND ANSWERED. [ARTICLE]

CLEVELAND ANSWERED.

Chairman Harvey of the Bimetafflc League Replies to the President. W. H. Harvey, chairman of the executive committee of the Bimetallic League,*has prepared a reply to the President's letter Jo the Chicago committee of business men. It says in part: “In reply to yonr letter addressed to the committee of business men of this city, we wish to say that the committee that waited on you, and the persons who attached their names to the invitation did not represent the majority of business men and citizens in this city who take a deep interest in the welfare of the republic. They represented that class that owns money and securities payable in fixed incomes. We respectfully submit that your letter does not present the true merits of the controversy. You call the attention of the farmers wage earners to the fact that tile while enabling them to sell their products and labor at higher prices, will also cause them to pay equally more/fOr what they may purchase, but you-neglect.to say that ******* not a Pphs a -hle to debts. " ith prices cqmiqg down regularly and steadily since the demonetization bf silver, our merchants, manufacturers and people generally have been, doing business on a falling Inarkct, so tlyit. the tervening between their purchase of their merchandise or raw material and placing it months after,on <the market, removing the margin they, would, have -had otherwise. This shrinkage in values added to the ordinary risk and expense in business, has led to thg volume of debt to the money lending period—until it has increased all told, public and private, to about forty billions of dollars, or about two-thirds the total value’of all the property in'the United States. Money, and those debts* payable in money have been steadily! increasing in exchangeable valuo: with the property of the people. Taxes! . have increased as expressed in dollars and have doubled and quadrupled as measured in the ; pro surrender with which to pay it since 1873. We hgve constantly pointed the people to the ever-increasing exchangeable Valdd of the creditors’ dollar, and tb the rdason why it ihcfeased, biit the Influetfces of those Creditors have dbmiridt&r ydiir administration and you'insist bn SifOh currency as they have established as a sound'currency. We respectfully submit that it was the intention of the founders of this Government that it whs safer that all people should do the thinking for it than that any one;class should do it for them. We but express your own opinion as President of the people when we say that all people should have an opportu- . nity to investigate and. intelligently pass upon thi? question.” tj