Rensselaer Republican, Volume 28, Number 17, Rensselaer, Jasper County, 26 December 1895 — ASKS NOW FOR GOLD. [ARTICLE]

ASKS NOW FOR GOLD.

MESSAGE TO CONGRESS. % Urges Revision of the Finances, and Requests that No Recess Be Taken Until Gold Reserve Is Protected— Immediate Action Is Sought.

Text of the The following message was sent to Congress by President Cleveland Friday: To the Congress: In my last annual message the evils of our presentfinancial system were plainly pointed out and the causes and means ofuhe depletion of government gold were It Was therein stated that after all the efforts that had been made by the executive branch of the government to protect our gold reserve by the issuance of bonds-, amounting to more than $162,000,000. such reserve then amounted to but little more than $79,000,000, about $16,000,000 had been withdrawn from sueh reserve during the month next previous to the date of that message, and quite large withdrawals for shipment in the immediate future were predicted. The contingency then feared has reached us, and the withdrawal es gold since the communication referred to and others that appear inevitable threaten such a depletion in our government gold reserve as brings us face to face with the necessity of further action for its protection. This condition is intensified by thd prevalence jn certain quarters of sudden and unusual aj prehension and timidity in business circles.

W e are in the midst of another season of perplexity caused by pur dangerous ahd fatuous financial operations. These TS?T Jke expected ~to occur with certain t y as long as there is np amendnumTiii our financial system. If iiPthis particular instance bin’ predicament is at all influenced Ty a recent insistence upon the position We’should occupy in our relation to certain questions concerning mw foreign policy, this furnishes a signal and impressive ■warning that even the sentimeitt ,of our people is not an adequate substitute for a sound financial policy.' Of course there can be no doubt in any thoughtful mind .as to the edmplete solvency of our jiation, nor can there be any just apprehension that the American people will be satisfied with less than- an honest payment of our public obligations in the recognized money of the world. Wo should not overlook tlite fact,- however, that aroused fear, is ujireasoning and must be taken into account in all efforts to avert public loss and the? sacrifice of our people's interests. - ' „ Cure for Recurring Troubles. ' The real and sensible cure for our recurring troubles can only be effected by a complete change in our financial scheme. Pending that the executive branch of the government will not relax its efforts nor abandon its determination to use every means -within its reach to maintain before the world American credit, nor will,there be any hesitation in exhibiting its confidence in the resources of our country and the eonstaiit patriotism of our peo’j r lit-wieW, however, of the peculiar situatio.lT,now confronting us, I have ventured to herein express the earnest hope that the Uongiress, in default of the inauguration of a better system of finance, will not” take a recess from its labors before it has, by legislative enactment or declaration,. done something not only to remind those apprehensive among, oiir people that the resources of this government ami a serup-’ ulous regard for honest dealing jifford ik Sure guarantee of unquestioned safety and. soundness,,but to reassure the world that with these, factors and the patriotism of our citizens the ability and determination of our nation to meet in any circumstances every obligation it incurs do not admit of question., 1 I ask at the hands of Congress such prompt aid 41s.it alone has the power to give to prevent in a time of fear and apprehension any sacrifice of the people’s interests and the public funds or the impairment of our public credit in an effort by executive action to relieve’the dangers of the present contingency.

GROVER CLEVELAND.