21st Sept. Me so-called Sherman Act is the cause of the present depression and panic, say the New York financial papers and the Wation, and with the same unanimity the English financial writers, The Western State journals, writing for men who are fighting with their backs to the wall in defence of silver, deny the statement altogether; to them the depression and panic have been brought about by the malevolence of Eastern and European capitalists; and so much a personal question is it with them, that some of them are prepared to wade in blood up to the bridles of their horses to prevent silver being rented by the detested gold-bugs. The message of President Cleveland to the of U.S. Congress, dated Executive Mansion, Washington, the 7th of August, explains how it is that the Sherman Act, bias brought about the present condition of affairs in the States, and it is not too late to summarise it, missing, it is to be hoped, none of the salient points.
President Cleveland finds himself compelled to call Congress together in extra session by "the existence of an alarming and extraordinary business situation, involving the welfare of all." He goes on to explain as follows "Our unfortunate financial plight is not the result of untoward events, nor of conditions related to our natural resources. Nor is it traceable to any of the afflictions which frequently check national growth and prosperity. With plenteous crops, with an abundant promise of remunerative production and manufacture, with unusual invitation to
Text read from the printed page and cleaned; old type leaves the occasional error.