Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1893-12-08
THE PRESIDENTS MESSAGE,
Annual Statement of Our Affairs.
The Wilson Tariff Bill Fully Endorsed.

Mr.. Cleveland Would Restore the HN-
yaiIan ACCOMMODATIONS, the Post Of
flee Department, the Indians, Etc.
The message opens with the usual re-
view of our relations with foreign countries.
These are amicable and satisfactory with
no serious exception. An impartial atti-
tude has been maintained in regard to the
rebellion now in progress in Brazil, and
there has seemed to be no occasion to rec
ognize the insurgents, who consist of the
officers. men and vessels of the navy, so
far as active operations are concerned.
1t is believed that, under the recent
amendment to the Geary law, Chinese la
borers in this country, who refused to com
ply with the law last spring, will avail
themselves of the renewed privilege thus
afforded of acquiring legal right to remain
here, and the necessity for enforced depor-
tation will thereby be avoided to great
extent.
The Nicaragua canal company has be-
come financially embarrassed, and has been
compelled to suspend work, but the Presi-
dent earnestly hopes that this great enter
prise may be completed eventually under
American auspices.
In response to urgent protests made by
our government the Turkish government
has made, or promised to make, reparation
for the work of a mob in that country in
attacking and partly destroying Anatolia
college, established at Marsovan by citizens
of the United States, and also for attacks
on our missionaries, who are doing legiu-
mate work in Turkey.
With regard to the Hawaiian question
the message says:
Hawaii.
1t is hardly necessary for me TO state
that the questions arising from our rela-
tions with Hawaii have caused serious en-
barrassment. Just prior to the installation
of the present administration the existing
government of Hawaii had been suddenly
overthrown and treaty of annexation had
been negotiated between the provisional
government of the islands and the United
States, and submitted to the Senate for
ratification. This treaty | withdrew for
examination, and despatched James II.
Blount of Georgia to Honolulu, as a spe-
Cial commissioner, to make an impartial
investigation of the circumstances attend
ing the change of government, and of all
the conditions bearing upon the subject of
Jle treaty. AFTER q luOIOuSu anu tAIlduS-
tive examination, Mr.. Blount submitted to
me his report, showing beyond all question
that the constitutional government of
Hawaii had been subverted with the active
aid of our representative to that govern
ment, and through the intimidation caused
by the presence of an armed naval force of
the United States, which was landed for
that purpose at the instance of our min
lister. Upon the facts developed it seemed
to me that the only honorable course for
our government to pursue was to undo the
wrong that had been done by those repre-
senting us and to restore as far as practical
BILE the status existing at the time of our
forcibe intervention.
With a vie = of accomplishing this result
within the constitutional limits of executive
power, and recognizing all our obligations
and responsibility growing out of any
changed conditions brought about by our
unjustitiable interference, our present min
lister at Honolulu has received appropriate
instructions to that end. Thus far no in
formation of the accomplishment of any
definite results has been received from him.
Additional advices are soon expected.
When received they will be promptly sent
to Congress, together with all information
at hand, accompanied by special eXecu-
tive message fully detailing all the facts
necessary to a complete understanding of
the case, and presenting history OF all
the material events leading up TO the pres
ent situation
Arbitration.
Great Britain has responded favorably
to the resolution of Congress, declaring
that all differences between nations ought
to be settled by arbitration.
Financial Matters.
The amount of gold exported during the
last fiscal year was larger than in any pre-
vious year in the history Of the govern
ment, amounting to Sos, $50, S44, and eX-
ceeding the amount exported during the
preceding year by SOS, 49, ,j17. The sum
paid from the treasury for sugar bounty
was $3.50, l30SS, an increase over the
preceding year of 81, O33, O53.O9.
1t is estimated upon the basis of present
revenue laws that the receipts of the gov.
eminent for the year ending June 30, 1894,
will be S430, 12l, $685. and its eXpendi-
lures $45S, 12l, 365.3s resulting in a de-
ficiency of S2S, 100000.
The purchases of silver under the law of
July IA, 1890, during the last fiscal year,
aggregated "a, COS, 1872 80 fine ounces, which
cost S45, 531 .37453. The total amount of
silver purchased from the time that law
became operative until the repeal of its
purchasing clause, on the first day of No
vember, 1898, was 16S, 674, 500. as fine
ounces, which cost S155, 800, 940.s4.
1t is estimated that on the first day of
July, 1893, the metallic stock of money in
the United States, consisting of coin and
bullion, amounted to 81 ,213, $50, 100, of
which S597, 697, GS5 was gold and S6l5,-
SCI Asa was silver.
One hundred and nineteen national banks
were organized during the year ending
October 81, 1898 with a capital of SILL
100000. Forty-siX went into voluntary
liquidation and 1jS suspended. SiXty-five
of the suspended banks were insolvent, So
resumed business, and seven remain in the
hands of bank examiners, with prospects
of speedy resumption. The total number
of national banks in existence on the 3lst
day of October, 1898, was 1896, having an
aggregate capital of $685., sos, 120. The
net increase in the circulation of these
banks during the year was S3G,3Sd,972.
The Silver Question.
The repeal of the silver purchase law
has made an entire change in the complex
ion of our currency affairs, and / do not
doubt that the ultimate result of this action
will be most salutary and far reaching. In
the nature of things, however, it is impos-