People's Pilot, Volume 2, Number 51, Rensselaer, Jasper County, 9 June 1893 — THE PRESIDENT TALKS. [ARTICLE]

THE PRESIDENT TALKS.

He TVIII Call Congress to Meet in Special Session Next September—lmportant Declarations on the Financial Question. Washington, June 6.— The president said Monday evening in reply to a direct question that he intended to call an extra session of congress not earlier than the Ist nor later than the 15th of September, unless unexpected contingencies should necessitate an earlier meeting. The president further said: “While there has been no mystery or secrecy In regard to my intention in this matter I think it not amiss that our people should be informed authoritatively that the time is at hand when their representatives in congress will be called upon to deal with a financial oondition which is the only menace <to the country’s welfare and prosperity. It fe well for the people to take up the subject for themselves, and arrive at their conclusions as to the merits of a financial policy which obliges up to purchase idle silver bullion with gold taken from our reserve. “One does not need the eye of a financier to see that this gold thus substracted from the government’s stock is eagerly seized by other nations for the purpose of strengthening their credit at our expense. It does not need the art of statesmanship to detect the danger that awaits upon the continuance of this operation Already the timidity of capital is painfully apparent, and none of us can fail to-see that fear and apprehension in monetary circles will ultimately bring suffering to every humble home in our land. « . “I think that between now and the meeting of congress much depends upon the action of thofle engaged in financial operations and business enterprises. Our vast national resources and credit are abundantly sufficient to justify them in the utmost faith and confidence. If instead of being frightened they are conservative, and if instead of gloomily anticipating immediate disaster they contribute their share of hope and steadiness, they will perform a patriotic duty and at the same time protect their own interest. The things just now needed are coolness ana calmness in financial circles and study'and reflection among our people.”