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Grover Cleveland Presidential $1 Coin — 24th President, 1893-1897
Stephen Grover Cleveland (March 18, 1837 – June 24, 1908) was the 22nd and 24th President of the United States. Cleveland is the only president to serve two non-consecutive terms (1885–1889 and 1893–1897) and therefore is the only individual to be counted twice in the numbering of the presidents. He was the winner of the popular vote for president three times—in 1884, 1888, and 1892—and was the only Democrat elected to the presidency in the era of Republican political domination that lasted from 1861 to 1913.
Cleveland was the leader of the pro-business Bourbon Democrats who opposed high tariffs, Free Silver, inflation, imperialism and subsidies to business, farmers or veterans. His battles for political reform and fiscal conservatism made him an icon for American conservatives of the era. Cleveland won praise for his honesty, independence, integrity, and commitment to the principles of classical liberalism. Cleveland relentlessly fought political corruption, patronage, and bossism. Indeed, as a reformer his prestige was so strong that the reform wing of the Republican Party, called "Mugwumps", largely bolted the GOP ticket and swung to his support in 1884.
After losing the presidency to Benjamin Harrison in 1888, he was returned to office in 1892. As the 24th President, Cleveland faced an economic depression. He dealt directly with the financial crisis rather than with business failures, farm mortgage foreclosures and unemployment. He obtained repeal of the mildly inflationary Sherman Silver Purchase Act and, with the aid of Wall Street, maintained the Treasury Department's gold reserve.
Disaster hit the nation as his second term began when the Panic of 1893 produced a severe national depression that Cleveland was unable to reverse. It ruined his Democratic party, opening the way for a Republican landslide in 1894, and for the agrarian and silverite seizure of his Democratic party in 1896. The result was a political realignment that ended the Third Party System and launched the Fourth Party System and the Progressive Era.
Cleveland took strong positions and was heavily criticized. His intervention in the Pullman Strike of 1894 to keep the railroads moving angered labor unions nationwide and angered the party in Illinois; his support of the gold standard and opposition to Free Silver alienated the agrarian wing of the Democratic Party.[5] Furthermore, critics complained that he had little imagination and seemed overwhelmed by the nation's economic disasters—depressions and strikes—in his second term. Even so, his reputation for honesty and good character survived the troubles of his second term. Biographer Allan Nevins wrote: "in Grover Cleveland the greatness lies in typical rather than unusual qualities. He had no endowments that thousands of men do not have. He possessed honesty, courage, firmness, independence, and common sense. But he possessed them to a degree other men do not."
When railroad strikers in Chicago violated an injunction, Cleveland sent federal troops to enforce it. His blunt treatment of the railroad strikers stirred the pride of many Americans, as did the vigorous way he forced Great Britain to accept arbitration of a disputed boundary in Venezuela. But overall, his policies during the depression were unpopular, and in 1896, his party instead nominated William Jennings Bryan. After leaving the White House the second time, Cleveland lived in retirement in Princeton, New Jersey, and died in 1908.
Coinage Legislation under President Glover Cleveland (second term)
Act of March 3, 1893 — Sundry civil appropriation law (authorizing coinage of 40,000 souvenir quarter-dollars for the Board of Lady Managers World's Columbian Exposition)
Act of November 1, 1893 — An act to repeal a part of an act approved July 14, 1890, entitled "An Act directing the purchase of silver bullion and the issue of Treasury notes thereon, and for other purposes"
United States Mint Directors appointed by Grover Cleveland (second term)
• Robert E. Preston of Washington, D.C. — 1893 — 1898