People's Pilot, Volume 3, Number 3, Rensselaer, Jasper County, 7 July 1893 — CLEVELAND YIELDS. [ARTICLE]

CLEVELAND YIELDS.

The Preehjent I.Uten* to Oie Demand for p|„.__ _ ~ * « the Date of It* AeeembUng at An rust 7 Instead of h September-Pail Text of His Proclamation—He Peels Certain of the Repeal of the Sherman law. Washington, July I.— After carefully going over all the details at the cabinet meeting the president issued a proclamation Friday afternoon caUing an extra session of congress, beginning August 7, 1893, as follows: “Executive Mansion, Washington, D. CL, June 36, 1893.—Whereas, The distrust and apprehension concerning the financial situation which pervade all business circles have already eaused great loss and damage to our people and threaten to cripple our merchants, stop the wheels of manufacture, bring distress and privation to our farmers and withhold from our workingmen the wage of labor; and “Whereas, The present perilous condition ie largely the result of a financial policy which the executive branch of the government find* embodied in unwise laws which must be executed until repealed by congress; “Now, therefore, I, Grover Cleveland, president of the United States, in performance of a constitutional duty, do, by this proclamation, declare that an extraordinary occasion requires the convening of both houses of the congress of the United States at the capital in the city of Washington on the 7th day of August next, at 12 o’clock noon, to the end that the people may be relieved through legislation from present and Impending danger and distress. “All those entitled to act as members of the Fifty-third congress are required to take notice of this proclamation and attend at the time and place above stated. "Given under my hand and the seal of the United States at the city of Washington on the K>th day of June, in the year of our Lord, one eight hundred and ninety-three, and independence of the United States the onshundred and seventeenth. “Grover Cleveland.” The determination to call an extra session had hardly been announced ere there was a hasty departure from the white house; and shortly after 4 o’clock the president was en route to Buzzard’s Bay to join Mrs. Cleveland. Beyond fixing up certain western appointments no other business was transacted, it being the desire of the chief magistrate to give as much time as poosible to the preparation of his message to congress, besides recuperating from his Work since the inauguration. It is understood that the president will transact oqly the most urgent public business while at Buzzard’s Bay, and what official announcements are to be made will be given out at the executive mansion in Washington. The determination to call the extra session the first week in August, instead of the first week in September, it is understood was only definitely arrived at at Friday morning’s cabinet session after giving full weight to the numerous telegrams received from all parts of the country urging this course. And the consideration which caused the president to change his mind was foreshadowed in a remark made by one of his cabinet officers two days ago that if the president received reasonable assurances that there was a likelihood of a prompt repeal of the so-called Sherman purchase law he might be disposed to call congress together earlier than he had announced. It is inferred from the fact that the president has done so that he considers he, has obtained the assurrances, which he desired. Developments make it appear that the disturbances of values arising from the uncertainties of the situation grew so alarming that Mr. Cleveland at last was compelled to acknowledge that “the unexpected contingencies necessitating an earlier meeting of congress,” which he spoke of in his celebrated interview of June 5, had arrived. The action of the British government in India brought matters to a crisis. Previousto that startling event Mr. Cleveland had manifested a firm determination to adhere to his plan of calling congress in September. After the suspension of silver coinage in India the president resolutely declined to speak further about his intentions until he should be prepared to act, and each of his cabinet officers maintained a similar silence. It may be stated, however, without violating confidence, that from the day when the announcement of the action of India was made the president took steps to keep himself forewarned through the press dispatches of the slightest approach to panic in the money market, and was prepared at any moment to take the course which he has now adopted if it seemed to him that his so doing would in any way tend to allay alarm and restore public confidence. . When on Friday he found telegrams on his table not only from the eastern and middle states, but also from the south, and even from some of the silver states, urging that congress be called together at the earliest day possible, to end the uncertainty, he determined to delay no longer; but even in taking this action the president took steps, as far as he could, to prevent its being known before the stock exchanges closed so as to avoid any appearance of exercising undue influence on ths stock market. The action of the president apparently meets with the commendation and approval of most of the members and politicians now in the city, and the opinion is almost general that the Sherman act will be repealed. The proposition is not refuted, probably for the reason that the free silver men, who will conduct the fight against repeal, have few members now in the eity. The free silver men, however, will oppose any attempt to repeal the Sherman law with all their strength. The fact that the mines in the west have been closed will be used as a weapon with which to force any wavering member in their ranks back into the fold.