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8 Feb 1895 Jahr - Special Message to Congress. Concerns over the U.S. financial condition prompts a third Treasury bond sale to try to restore the U.S. gold reserves and validate the credit of the government. In this sale, Cleveland is forced to turn to J.P. Morgan, who buys bonds in exchange for $62 million of European gold. This saved the gold reserves, but disappointed opponents of the gold standard

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8 Feb 1895 Jahr
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~ 130 years ago
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