Show THE MESSAGE President Cleveland Addresses Congress in Special Session FINANCE MID COINAGE OF COURSE PROMINENT His Recommendations Aro Plain and PointedTinged With Wall Street Inllnonces but not Altogether Hopeless for tho Whim Metal I a = = To Ibo CJD jms of the United Htalci Too ullollOu of nn alarming and extraordinary liuilntu tltuatlou lu vollng tIe welfare mil protperlly of ull our people liii contlralned mo to mil together In extra towlon Dm In Leu jo > plct representatives creii lo the oil llii > t through the wlte and jmltlotlo exerolfo of tho lonlilntlvo 1 duty with which they olely aro charged the prcttut nil may bo mitigated and Ibo danger threatening Uiu lutuie may Iw averted Our unfortunate financial illght IDol tu l not Ibo rotult of any untoward ovonlr nor of condition relaled to our natural ttourcu nor li It tracMblo to any of thi aflllctloni which frequently chrok tho national growth and rufperlly With plenleout cropi with HII abundant abun-dant promliDof remuncritlvu produc Hull and manufactim with unuual Invitation to afo lovotlment and with talltlactory nnuranco to tunen enterprl tuildcnly llcanclal dtatruit and tour havoiprum up on orcry lde Numerous money ed lutllfitlon have nuirended bicauto i > LunUint afrtta were not Immediately available to meet thn demaudi of frightened deponltori Tho turvlvlng corporalton and individuals are con tut to keep I In hand tho money Ihoy are usually anxious to loan uud those engaged In Irgltlunto builnem iroturprlicd to find that thetccurlllet tinny oils for loam thoujjh hcretoforu Mtlifactory nro no longer accerted Valuta iufOied to lo xpd ore flit rooming I conjectural and toes and failure han Invaded uvery trauoh of LUIICCM jiriua TIII nun I tlisre there lfiln n nfll rn holly chargiablo to roll ronal IcRiilittlou touching the purchase and coiungn uf silver ly the gtneial government Hill Initiation 1 It I unbodied In n iaintte f tossed I on tine 4th day uf July I IIudl IfcDi I which wan tire culinliiulloii ul much ablution uti thu iul > uU In Ivcd arid Which tuny be considered 5 rUle alter a luug I tfilflih between r f Oo in ndvccuf of frau silver cotnafle and those InttnOIng lu 10 ruoro con tfrvatlvn Undoubtedly the monthly lurchaiiaby tbu govcrnuuct of r nun million live hundrcd thouiand ounces or sliver lorcod under t Italian w Vj roiirlrd My boil Intecitt lu tire tllvur pro ions uciialn Mimumy u IU Increase In Price riiu reillll how tin hat been entirely dlilervnl fur Immediately tallowing tire iiatniodlo and flight rise tine I rice of silver logan I to fall after tins frasue 1 of Ibo act and tin ilncu reached tho lowtit point uvcr known This dlinppolnllng result inns led to ii renewed and pvrilitent llorl In tho dliectlou of lieu illver coinage Meanwhile not only are tho evil cllmti of tho orcratloni of the rotent law l couitintly accumulating but fine result to whloh III execution mutt Inevitably lead inca becoming bill 1 > ktile to nil who glvo the Kant hud to financial tutjuott Tho low ravines I that lu aynimt fur tins four million lies liuiidred thousand thou-sand ounces ot silver bullion whlnu fine secretory ot the treasury Is I cola manilud to purihno moutuly thuu ball be Issued treasury notes rvdenui able on ileniod In cold or diver coin at tho dliuretlun of the hrculury of the trvuiury Dud that nald mba may be mhiutd U It howover declared lu tine net to bt lire t a Ublltbid bulky of thu United mulct tomoiutixlii the two melds upon a parity with each other upon the rrtMint local or such ratio aa may bo I roTlded by lair Tints l declaration to controls the ao ton of tho Kudary of tine Iromury ai 10 preeat hli txurcilng tire dltcre ton nominally votcil lu him If by such action line rily bitwtuu gull i and sliver may bo ditturbid Wunl hlly tan rtluiul by the decretory 10 py thiae trtutury nclm In golo If uemandtd woull ntoriuarlly menu li lfo tI1 theictlrorontIt sod deprecIatIon us omit Lntiini layaltu only III slier aid ouldduilro tire Ialll between the two mttalihy tiaublUtilux dliorlinlua 1011111 favor uf cold now Tin uoiu aaia Up to the Ifith day ot July 1813 11Iu nulls hud been Imuid III traY lent lit tIne oliver bullion urcbawdto the amount of moos van J147OUUOUU While all but a very small quantity sf Ibli bulli n rrmalni umoliifd and without usuiolienus In Iho treasury many of Ibo ovIne clvin tolls nor ViolIns have bivn paid lu gold Till li I lliMlalud ly finn tat ment that bttweeu the lit day of May 1603 and i J i i to1I0 the foil day of July ISO I 01 Iho brutes of this mud booed Inpayment for silver union I amounted to lltllo rnor thou i4 naoOOO and that during Ibo some lurloJ I uLout f WOOOOiiO wore Iold by trvuiury In gold for the redemption of Ouch tl lIes policy I luTnnlly I kloLted ut pryIng them flutes lu rttdb JIOl LIU hug fK pared the I gull tutrvo 01 lO0O0OVU0 = ionic ago mt ailduby tbo government far tine redein tlon of other nolct for thli fund hit already been sub Jectetl to Ihu Ispirnent of new olll allor nmoiiutlnu to nbiul f 15U X000 ou account of tllvcr fur ohntet and hat nil a o Urtequeuce for DIP llrit time linen hIs creation been eucrvhchcil upon Wo Irate tunU mau dipletlon of cur cold caiy and have teni ted other mull morn api reclallvn natlont add It tu their ttoek That bIns ciportiinlty wo havu ofTrred hai not been neglected laihown by the Irlt u amount uf gull which hou boon rccentlir draw from our Ireoiur aiidex 1 > urti > d lu Illcreuo line financial itrenjrlh of foreign nations Tho ex cewef export of grid ever It Inipotli 191 j for lies I 3com rinsing June VI into alnouulo to moors than J176WOoo IMwicu the lit day of July foil imt line 13tu day uf July 16UI the gold coin mart bullion Inuurtriiiury dourcarcd more than lS2OUOOtW while during the ianu furled the sliver coin Aud bullion In Ih m trentury tncruaied moro than 1147000000 Unlew goMrnineut i buiidi ama lo bu cunilantly Inued anl 1 i toll to replenlih our exhausted gull only lu bu ixhautleil It It npjHiriint I that the I ujierallou of tIns illver purchniu law now lu forco lea U In the direction of Iho nullroMiUtllu tlon of lIver lor cold In tins govern mcnttniiur und that thIs mint to followed by the payment of all government gov-ernment obllgalloni lu depreciated I iller IC8T IAIIT OOUIANV At tide tngo gold and til Tar most fart company and the got uinrcent mutt fall In its comm llahed jollcy to mtlntaln tine two metalt on u cIty with each other Ulven over to Ihn pxcluilvu uioofr currency ureatly deireclalul accordIng accord-Ing lo thn standard of tins commercial world wu could no longer claim n 1Ineo anionIc tIne actions of tIne nut claw nor could our government chlm Ibo erloruuiiM cf lit utilisation CU far 11 inch obligation hat btenlm homed ii > nltto provldutor Ibo use uf tbuiolu f the LI and tafeit imney If ni innny i f III frlundi claim silo r ought to occupy a loigtr place III our dirroooy end the currency of tin world Ihrciuh Keueril Intnrnatlonal operation and acrteraeut It It I cbvl ut that the United rOtates will not bo lu a petition to gain a hearing III favor of inch arrangement to long uiwu nru willing lo continue our at ttnit to ncoomplUh I I the mult tingle hunUed rue knowledge I I In huilmtt circlet among our own loomIs that our irovernment cannot make lit Cat oqulvnliut to Intrlutlo vilue not ktvp lulprlor money on a parity wIlls au I orlor money by Hi own ludeicuueut II Mr I hri renulled In tucb R lack ol confidence nl home In Ia ilaiiillty of currency values that cuiltalreluiialui 1 aid to new outer f I rivet I while i million ore actually withdrawn from thn channeli ol tradn and commerce to beoomu Idlu and lie rollnblv I In the baodtof tlrald owrcn Vortljn Invoitor equally nlert not only dtclliie to puichuMi American cur Him but make haute to tacrl lice Iho wllich they already have It dues not meet the tltuitlloii in say tiiut aiirrhinilou In rtifard to till luluro or our llDincnli t urcunil I los and that theme is I no lack of conll dunce In I mire purchaui or the mower of tbo Kovornuont r mObs premltvt fun I very exlttenco of till pnIionilon and thu lack of coDlldvuce howuver I hat otunid a monaco which ought not fur is morloent to bodlirnKarded I Ton sIlly if tho uuduilakliiE wu have In t fll II hand were thu nmlnttuanto a ipetlllu known quantity ot ilhirut u pnrlly with KolJournllllly to do 10 mIght bo 1 vullmated and gauged nnu perhai lu view of our unaralleled Kriwtu and resources It might be favorably i amed upon Hut when our ovowoJ endtavor U to malic I lain tucli frailly lu regard to nn amount of illver lucreailni at the male ot fifty million dollan yearly with no fixed termination lo such Increaiv It can hardly bo null that n problem U pro tinted who > lolullon li I ecu from doubt Line peoplo of tho Unltud Mule urn untltleJ to a kound Haul currency und to u money rtooKiiltid ai inch on every oxchaiiKo clInt lu I every market ul fIne world Their toverumeut hon no right to lujuro them by lluancUl tx erlwillla uppoted to thu olloy and practice of other I civilized tlate nor It fcri luttlllcd In ptrmltllin an cxogiierat sd rand ullleouahl rLllnncu inns our national ttriiigth and thu Hblllly to Jvoardlze Iho ouuducu of tho pcojo < mouey NO IVUTIO IN IT Till mailer rises above the plane of patty pollllrt It vitally concerns every liiiilnrai amid oulllUK uud enters every houiehold in tIm land There li Ion I-on Impurtaut nspiot of tIne tuljeot whIch especially iliould never ho over looke I eta limo lILu the rttunt when Ihoevlliof mound fluancu Iii render in The apeiiilutor may utitlol lees harvest lIalllroo lrom hIs mh rIILun 01 olher lIne collAlllt may lrol1 hlmtlt hy hoeIIIIK or moop evin ilod prolll III I iluu IIl1elllalloll 01 line otarhete lIul lies wKeOllll Ilitfllritto Injured by a iiuprt elated currency and tIle hut to rvctlvu tIre I benuflt of III correction 1 ractlcall I deftueeleu Ha relict for work ujwn J the vestum of confident nnj contented t capItol l Thli IHHus him hit condition Is wllhomnllorliition for hopan neither prey on tho ralitoruiui ofotbert uiir heard lite labor Due of the greatest itHMmen cur oountry had known iivakluj morn than fifty yearo ago whin tno derangement of tIne currency had oauied oommorclnl dlntrctt taldi Tho very manor all other vrliu mica the deepest lulerett lu n Bound eurruucy and who puller by rnlwhlevuui leijlilallon 1 lu muuetnry mallcrt It I fIne man who carom hli dally bread by hit dally toll Thtto word am ai lutlnent now or on UK toy tinny woo ntlerenl and lIrlt t > Impewlvely remind Ul that n allure lu Iho din hnrg uf bur i uiv nl tnlt time mint eeisciatiy In irn thuio fur countrymen si ho labor and who bicautu of their number and condition lie untllled lo tbo molt watchful irtru of tutlgoverumtnt It li ot tine utnum linnurUnco that tuch relIef at Congrew cm allord III hue txltllni illuatlon lie HfurJeJ at eons Ihninaxlmi mule gIves twice who Rim quickly It I dlnctly appll I ui ill It timy bu truu that the cmkar raiimtnti dual which tIne butluntof Ihu oiiuutry It iuIrrlng arlia ai much from eMI all robond at from thus aouiilly e < litlnr Wo may hope too that calm oouutcli will pn vail and that neither UIIIIII slur WHJO corners will KTO way to Un r M uliiK manIc and Morlflov their property or their Interettt under tIne influence I of exaggerated leafs vcrtutlev every Unyi delay In leruovli X ono of tIme plain nail trlnclpal OIU < M of tho pretoul stale ot lInIngs enlarges the mlichlef nliendy does nnd IncrtaiM the rot iwnibllll of the govornnunt for lit exliunce Whatever Ibo ptoplu haven have-n right to expect from Con liretr they may certainly demand de-mand that leg liablott oondemnoil by thu ordeal of three jean dluilrout experienceintll be nmoved rum the alatute bookl ai pool aa their re rueu < hoitvss oath legitimately deal with It TAIIIt HKtOHU UUT WAIT I It was uiy purpoto tu lummou Con grew In Ieclal rnilou early In tin coning BeUmb r that wu might uuter iMtuilly u UIMII the work of larll reform which the true Inlireit uf tIne country clearly demandi and which ao I largo n cl mijorlty of tile iwoh aa Uown by tiitlr tuirrniir desIre und expect and to Iho acoomlliu DIvot of which evory thrum d tile prctmt admlulilratlon It I lledgrd I Jlut while tariff re fiirm hat host I nolhlui of lit 1 Immediate Imme-diate end jxrmautiit Imporlancv omit mutt lu lnu near mature eucogu lIne aUenllmof Cungrow It hai teemed to il me that I tIle llnauolai condition of tIne country should oucu and beforoall olbir lutjictt bo couildcrcd by jour houoratilu body IIIIIAI XAItNCSILV ABKrO I urnully nrommiud tho proml repeal cf limo pruvliloni uf I thu not taxed I July 14 ibM aulhorlilng the urchaiu of abloom bullion nod that other Itglilatlvu action may put beyond be-yond all doubt or luKUko thn luteutloii nud ability of the novernment lofulfll Its pecuniar I obllualloui 111 the money untverially rccokulod by all clvlllztd counlrie liiuvtii CLUVIIAM lareuTivi MANSION August 7tb 1SOJ |