Omaha daily bee., 1895-12-04
MAINLY ON MONEY
President Clevelands Annual Message Dee
voted Chiefly to the Currency.
FOREIGN AFFAIRS LIGHTLY TOUCHED UPON
Relations of the United States with the
World Perfunctorily Presented.
NO SUGGESTION OF ACTION OFFERED
Facts Concerning Venezuela, Cuba and
Armenia Very Briefly Recited.
DETAIL STORY OF THE BOND SALES
Full History of the Treasury Difficulty and
Attempts to Remedy 1t.
BLAMES SILVER AND THE TREASURY NOTES
One Starts the Scare and the Other Serves
to Drain Out the Gold.
BLAMEs SILVER AND THE TREASURY NOTES
One Starts the Scare and the Other Serves
to Drain Out the Gold.
HIS PLAN FOR CORRECTING THE EVIL
Would Retire United States and Si1.
vcr Notes when Once Redcemc0
and Increase the Power of
Hanks to Issue Currency.


President Cleveland's message, printed in
full herewith, is mainly devoted to consld-
Grafton of the money question. Very briefly
1t reviews the foreign relations Of the United
States, touching lightly on the details and
making no recommendations beyond mere
suggestion that the people ought not to COM
picate the feeling of friendship between the
United States and Spain by hasty expression
of sympathy with Cuba amounting to viola
ton of the neutrality law, and to propose that
congress take some steps to secure better
understanding of the Bering sea and Cana
dian fisheries questions. He says that an
answer to the note of last July concerning
Venezuela is expected soon from Great
Britain.
On the money question he goes at great
length into details of the treasury situation,
pointing out the difficulties that have arisen
during his term, the constant drain on tho
gold reserve and the efforts made to maintain
it, He defends the sale of bonds, and par
tcularly the operations of the bond syndi-
cate, saying he is willing to accept his full
share of responsibility for the plan. For
remedy he proposes that the law requiring
the United States treasury notes to be kept
in circulation be so modified as to allow
the retirement of the notes when redeemed
at the treasury, and the retirement also OF
the silver notes, so as to prevent a con-
slant menace to the gold reserve. To re-
plenish the currency for circulation, he sug-
gests that the banks be given greater
power by the removal Of restrictions now
placed upon them, and that they be allowed
to issue Their notes to be used in business
under such safeguards Of legislation as shall
be necessary to protect the people. The
stock of silver now in the possession of the
government would be worked up into dol
lars and fractional currency and slowly put
into circulation.
To the Congress of the United States: The
present assenblage of the legislative branch
Of our government occurs at a time when tho
interests Of our people and the needs OF the
country give especial prominence to the con-
dition Of our foreign relations and the exi-
gencies of our national finances. The reports
of the government department officers fully
and plainly exhibit what has been accom-
plished within the scope of their respective
duties and present such recommendations for
the betterment of our country's condition as
patriotic and intelligent labor and observa-
tion suggest / therefore deem my executive
duty adequately performed at this time by
presenting to congress the important phases
of our situation related to our intercourse
with foreign nations. and a statement of the
financial problems which confront us, omit
ting. except they are related to these
topics, any reference to departmental opera.
tons.
l earnestly invite, however, not only the
careful consideration, but the severely crit
ical scrutiny of the congress and my fellow
countrymen to the reports concerning these
examined they will furnish proof OF
assiduous and palnstakipg care for the public
welfare. ! press the recommendations they
contain upon the respectful attention of those
charged with the duty Of legislation. because
believe their adoption would promote the
peoples good
CONCESSIONS FROM ARGENTINE.
BY amendatory tariff legislation in January
last the Argentine Republic, recognizing tho
value of the large market opened TO the fres
importation of Its wools under our last tariff
act, has admitted certain products of the
United States TO entry at reduced duties. Il
Is pleasing to note that the efforts we have
made to enlarge the exchanges of trade on O
sound basis OF mutual benefit are in this
instance appreciated by the country from
which our woolen factories draw their need
ful supply OF raw material
The missions boundary dispute between
Ine Argentine Republic and Brazil. referred
10 the president Of the United States as ar
oitIaoI during the term OF my predecessor,
and which was submitted to me for deter
resulted In an award In favor Of
Brazil upon the historical and documentary
evidence presented, thus ending long pro-
racted controversy and again demonstrating
Ihe wisdom and desrabIlity Of settling in
ternational boundary disputes by recourse to
friendly arbitration.
Negotiations are progressing for revival
u the United States and Chil,sn Claims
whose work MAS abruptly ter
minated last year by tho expiration OF the
stipulated tine within which awards could
De made Tho resumption Of specie pay
nents by Chill is step Of great interest
md importance, beth In its direct conse-
iuences upon her own welfare and as eyinc-
ng the ascehdaEcy OF sound financial prin-
'iples In one OF the most influential Of the
South American republics
MISSIONARIES IN CHINA.
The close OF the momentous struggle be-
ween China and Japan. while relieving tho
diplomatic agents OF this government from
he delicate duty they undertook at the re-
uest Of both countries, OF rendering such
eryice 10 the subjects OF either belligerent
within the territorial limits Of the other as
ur neutral position permitted, developed q
ones.lc condition In the Chinese empire
which has caused much anxiety and called
or prompt and careful attention. Either az
result OF weak control by the central
government over the provincial administIa7
ions. following diminution OF traditional
governmental authority under the stress Of
n overwhelming national disaster, or az a
upon good opportunity Of the
version OF the Chinese population to all
orelgn ways and undertakings, there have
ccurred in widely separated provinces Of
,hina serious outbreaks Of the old fanstica1
pirit against foreigners. which, Il