The Providence news. (Providence [R.I.]) 1891-1906, 1895-12-04
THE MESSAGE.
Dissected and Commented Uren by
Expert Judges.
HIS VIEWS ON SOUND MONEY
Appear to Meet With General
Approval.


and interest were manifested by members
of congress In the presidents message. In
the discussion OF foreign affairs, the por-
tion devoted TO the enforcement of the
Monroe doctrine, In connection with the
boundary limo dispute and the sug-
gestions regarding Cuba attracted special
attention, but the main interest centcred
In the recommendations for the retire
mcnt OF the greenbacks and the extension
OF the national banking system. Several
OF the Democratic leaders refused TO ex-
press their opinions FOR publication.
Mr.. McCrcary Dem., KY, who was
chairman Of the foreign affairs committee
in the last congress, said: The presi-
dents message Is very comprehensive and
interesting on foreign relations His rec
concentrations are particularly strong
ana appropriate ON the Cuban question,
the Venezuelan boundary limo dispute,
the Behring sea claims, the protection OF
American residents in Turkey, China and
Japan, and proper regulations for our eA-
ports 10 European countries"
Ex-Spcnker Crisp: i heard with some
surprise and greet regret that part OF the
message relating 20 our finances. That
relief Is needed no one doubts. That it
can be found in the direction indicated in
the message do not believe.
New EDgiandcrs' Opinions.
Mr. Dinglry of Maine said the most as
tonishing OF the message is the fact that
IL entirely omits 10 inform congress
whether there Is or not necessity OF provid-
ing more revenue. This is an omission
the moro amazing in the face of the fact
-. T.. ~
fcency OF revenue amounting in the ag-
gregate Of 30,0OO00o. which deficiency
has been met by practically using $780,
100000 OF the slS2, 100000 obtained by
selling bonds ostensibiy for the proper
valuation of the greenback redemption
fund.
Dir. Boutclle of Maine said the president
had evidently found il impossible 20 rccog-
nize the true significance OF our financial
situation without acknowledging the
disastrous failure OF the Democratic adj
ministration. With our income running
millions behind our expenditures, his per-
sistence in declaring that the question is
not one of revenue savors more OF stolidity
than craftsmanship.
Senator Aldrich says the message is dis
appointing, from the fact that it suggests
no practical remedy for the unsatisfactory
conditions which now exist.
Senator Chandler says that portion of
the message relating to our foreign affairs
is'exceedingly well-written, and seems to
cover what is generally desired. The rest
of the message is frecr from the turbid
platitudes than has heretofore character
lied former messages. His remedy for
the distress into which he and his party
have brought the country is the retire.
ment of the greenbacks, thereby destroy
ing the national banking system, avoid
ance OF the free coinage of silver and the
adoption Of the single gold standard
Representative Walker (Mass.) said
The views of President Cleveland. while
theoretically correct, are wholly imprac-
ticablc with the present condition OF pub
lie opinion in the country, and instead
of facilitating the composing of . the
finances Of the country immediately,
which under the circumstances must he
done, have only n tendency tn defer their
settlement by chimerical views.
Congressman Barrett thinks that hs
voices the sentiment of the Republican
majority when he says that the retirement
of the greenbacks will have standing in
this house Other than that, the message
is largely an historical recital and contains
little that is new.
Senator Hoar, in speaking OF the mes.
s6ge, said he did not know which was the
worse, the folly of the doctrine or the
bombastio and Inflated style in which 1t
was expressed
Mr.. Mccall believes in the gradual re-
tirement of the Rreenbacks. He approves
those sections of the message which recon-
mends removal OF certain limitations
upon the national bank circulation. Mr..
Mccall was impressed with the cheerful
optimism with which the president dis
cussed the efforts abroad To shut out
American institutions and products.
Representative Moody opposes the re-
tircment OF the greenbacks until he can
sec his way clear To q bcttor substitute for
them, but holds all his views on currency
matter open 10 further argument.
Boutelle Of Maine says the greenback
policy of the president is an incidental
idea and that more revenue would settle
the whole matter.