Show 7 COMES OUT 0 on n t filp h he question of the sil hv western amil press to atie A Feb 27 the follows following I 1 ng is ithee afi gNY ply addi addressed cise adby by cleveland to the silver coinage advocates esin jn co con gresse to ayn at and otters ot jers nem s bers of the forty ei eighth congress s the letter lefter chichi nave had iho honor to receive from abu invites rod indeed obliges uie tie to give to some grave public necessities although nit boush in anad ad 1 vance of the moment when they u become objects object 1 of 0 f my 1 official care and d partial responsibility alib i lt y your solicitude that my judge judgment ent a hall haye have been carefully aud deliberately formed for medis is entirely just and I 1 accept the suggestion in n t the q same friendly 1 spin spirit it in abich been made it 0 fully justified fled by atheni the nature lure the financial crisis which under the acton act of congress ap 8 february 28 1678 ie is now close ati at band hand 1 by compliance 1 the require re in mente baits of that lawwill law all fill the theT vaults of t the federal treasury have be beeland been and are arb 1 t erpel full of or silver arel now worth less than 8 85 per cent OP of the gold dollar prescribed althe unit I 1 of value in section 14 of the act apt of february with are receivable for iton nil all public duea dues being thus 1 also alt constantly increasing in quan quantity lit t y t M a 65 5 7 it has followed ed 0 necessity that the flow of gold into the treasury has beeg steadily diminished Sil veiland silver certificates havo bavo displaced and are now 4 displacing gold and th e of gald nth e federal feder 21 now available lor the payment of the gold obligation 0 the united states and farr the redemption of the united states note notes call e n backs if not already encroached c ad upon is is perilously near encroachment these are fire facts thic id ahey y do not admit of a of leione call for no argument been fore ore warned ta t us reports of every secretary of tv treasury from 1878 till bow they are plainly affirmed in tho December report of the present secretary bf the treasury to the Speake mf th bousu housu of representatives they appear in the official documents docu doc timen mentA tak of abl this congress and in of th e new york clearing house of which ury is a mer member hber ans through which the tho bulk bullof of the receipts and payments Rayment 3 of alo th e federal and caun try pass I 1 aib I 1 being facts V our present con our bange and arid av bould seem to be paa n I 1 hrpa you colie concur bt ith me and wll with the great maff majority rity of our frilow callens in in deem deeming rig I 1 it t most eRt rable at the present juncture to maintain and continue in use tise tile the mass of gold co coin 1 in ag all well as the mass of bf silver already coined thie is possible by the suspension of the purchase of silver I 1 am not aware that b by any other method it is coq possible sible if t Is of bf prevent the two rifet metals als parti parting fig barn to prevent the increasing d displacement ispay P nt osgold d by increasing the coinage of silver 11 to prevent the dis use of gold in the custom houses of the united states in tho dail daily benei 11 1 1 tiP ness of people to prevent the M R t 0 expulsion of gold b by such financial crises as these events mould certainly precipitate were it now to follow long a period perio d of corn mercial depression would involve tho the people of every city and ana eveia every state in the union causing prolonged and di disastrous trouble the revival of business epter enterprise prise and prosperity so ardently desired and apparently so near would be bobele hopelessly post boned gold would be wi withdrawn r rawn to its hoarding places and an unprecedented contraction in the act actual ua I 1 volume of our currency would speed speedily take place the saddest 0 of f all in in every works workshop bop mill factory store and on every railroad ana and farm the tile wages of labor already depressed would suffer a still further depression by the scaling down or tho the pur purchasing chaa power of every so called dollar I 1 paid aid into the hand of toil frem these th ese impending calamities it is surely tho the most patriotic and grateful duty of the representatives of the people to deliver them 1 I am gentlemen with sincere respect your fellow citizen CLEVELAND ALBANY F february 1885 |