The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1893-12-14

ouslv embarrassed, but a generous treat.
ment has been extended to it by the
government of Nicaragua. The United
States are especially interested in the
successful achievement of the vast un-
dertaking this company has in charge
and that it should be accomplished
under distinctively American auspices
and Its enjoyment assured not only to
the vessels of this country as a channel
of commercial communication between
our Atlantic and Pacific seaboards, but
to the ships of the world, In the inter
est of civilization, is a proposition
which, in my judgment, does not admit
of question.
RELATIONS WITH HAWAII.
1t Is hardly necessary for me to state
that the questions arising from our re-
latlons with Hawaii have caused serious
embarrassment. Just prior to the in
stallation of the present administration
the existing government of Hawaii had
been suddenly overthrown, and a treaty
of annexation had been negotiated be-
tween the provisional government for
the Islands and the United States and
submitted TO the senate for ratification
This treaty withdrew for examination
and dispatched Hon. James II. Blount of
d
missioner to make an impartial investi-
cation of the circumstances attending
the change of government and of all
conditions bearing upon the subject of
the treaty. After thorough and ex-
haustive examination Mr.. Blount sub
mitted to me his report showing beyond
all question that the constitutional gov
eminent of Hawaii had been subverted
with the active aid of our representa-
tive to that government and through
the intimidation caused by the presence
fan armed naval force of the United
States which was landed for that pur-
| pose at the instance of our minister.
fUpon 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
representing us and to restore, as far as
practicable, the state existing at the
time of our forcible Intervention. With
view of accomplishing this result with
iu the constitutional limits of executive
power, and recognizing all our obliga-
lions and responsibilities growing out
of any changed conditions brought
about by our unjustifiable interference,
our present minister at Honolulu has
received appropriate instructions to
mpllshments of any definite results
have not been received from him. Ad-
ditional advlces are soon expected.
When received they will be promptly
sent to congress together with all other
Information at hand, accompanied by a
special executive message fully detail
ing the acts necessary to a complete
understanding of the case and present
ing history of all the material events
leading up to the present situation.
PROGRESS OF ARBITRATION.
On April 1s, 1890, the international
American conference at Washington by
resolution expressed the wish that all
contreTe-sies between the reps bllcc of
America and the nations of Europe
might be settled by arbitration and re
commended that the government of
each nation represented In that confer
encc should communicate this wish to
all friendly powers. A favorable re.
spouse has been received from Great
Britain in the shape of a resolution
adopted by parliament July last, cor
daily sympathyzing with the purpose
In view aud expressing the hope that
Her Majesty's government will lend
ready cooperation 10 the government
of the United States upon the basis of
the concurrent resolution above quoted |
1t affords me signal pleasure to lay
this parliamentary resolution before the 1
congress and to express my gratiaca-
ton that the sentiment of two and kim |
dred nations Is thus authoritatively
manifested in favor of the rational and
peaceful settlement of international
quarrels by honorable resort to arbi-
tration.
THE BUSINESS SITUATION.
The recent repeal of the provision of
the law requiring the purchase of silver
bullion by the government as feature
of our monetary scheme and making a
change In the complexion of our cur
rency affairs, l do not doubt will be most
salutary and far-reaching.
In the nature of things, however, 1t
is impossible to know at this time pre-
cisely what conditions will be brought
about by the change, or what, If any,
supplementary legislation may in the
light OF such conditions, appear to be
essential or expedient Ofcourse, after
the recent financial perturbation time
is necessary for the re establishment of
business confidence. When, however
through restored confidence the money
which has been frightened into hiding
places Is returned to trade and enter
prise, survey of the situation will
probably disclose a safe path leading to
a permanently sound currency abund- |
antly sufficient to meet every require |
ment OF our increasing population and |
business. In the pursuit of this object /
we should fesolutely turn away from
alluring and temporary expedients, de- /
termined TO DO content with nothing |
less than lasting and comprehensive /
financial plan. In these circumstances
am convinced that reasonable DELAY
N dealing with the subject, instead Of
being injurious, will increase the prob
ability of wise action.
THE BRUSSELS CONFERENCE.
The monetary conference which as
sembled at Brussels, upon our invita-
ton, was adjourned to the both day of
November in the present year. The
considerations just stated and the fact
that definite proposition from the
United States seemed to be expected on
the reassembling of the conference, led
me to express willingness to have the
meeting still further postponed. 1t seems ,
TO me that 1t would be wise to give gen
eral authority to the president to invite
other nations to such conference at :
any time when there should be a fair +
prospect of accomplishing an interna- /
tional agreement on the subject of coin 1
age. t
ISSUES DE GOVERNMENT BONDS. a
desire also to earnestly suggest the
wisdom of amending the existing stat u
ntes In regard to the issuance of gov n