The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1895-12-04
THE PRESIDENTS MESSAGE.
1t is Devoted Mainly to a Discussion Of
the Finances.
GREENBACKS SHOULD BE RETIRED
By the Issuance of United States Bonds at
Low Rate of Interest-Free Coinage
Of Silver Vigorously Denounced.
Venezuela and Cuba

] WASHINGTON, Dec. 4.-The presidents
message was transmitted TO congress yes
terday. 1t is a document of nearly 15OOC
words and deals mainly with questions OF
finance. The message is in substance as
follows:
Speaking of our relations with France
the president says they continue cordial
with the exception that a full explana
ton Of the treatment of John L. Waller
by tho expcditionary military authorities
of France still remains TO be given 1t il
confidently expected that some satisfactory
solution of the matter will shortly be
reached"
Regarding Great Britaiu's Behring soa
claims the president says: "Tbe under
standing by which tho United States was
TO pay, and Great Britain to receive, u
/ lump sum of 1926 600 in full settlement OF
all British claims for damages arising
from our seizure Of British sealing vesscli
unauthorized under the award of the Paris
tribunal of arbitration, was not confirmed
by the last congress, which declined to
make the necessary appropriation. l am
still of the opinion that this arrangement
was a judicious and advantageous one for
the government, and l earnestly recon.
mend that it be again considered and
sanctioned. If, however, this docs not
meot with the favor of congress, it GER
tainly will hardly dissent from arbitration
as the only other alternative A treaty of
arbitration has therefore been agreed upon,
and will be immediately lsid before the
senate, so that in one OF the modes sug.
gested final settlement may bO reached.
This governments part in the boundary
dispute between Great Britain and Vens.
zuela is touched upon as follows: Last
mix ,AA 10
bRssador at London for communicates ts
the Brltish government in which the Rbti-
tude Of the United Ststos WAS fully and
distinctly set forth. The general Sonelu-
si0ns therein reached snd formulated ars
in substance that the traditional and ss-
babliahsd policy of this govern nsnt is
Hrnly opposed to fOroihle Increase By
any European power OF it's tarritOcihl pos
sessions oH this continent; thEb this policy
is AS well founded in principle M il
strongly supported by numerous PrsSs-
dents; that NI n consequence the United
States is bound to protest against the ON
laRgsEs ont Of tho area Of British Guiana In
deros abion of the rights and against ths
Will o. Venezuela; that, considering the
disparity in strength of Great Britain and
Venezuela, the territorial dispute between
them can be- reasonably settled only by
friendly and impartial arbitration. The an
swsr Of bhs British government has not yot
been received, but it is expected shortly"
If legislation can roach the vicious
padrone system" of controlling immi-
grants the president says it should be at
tempted
Concerning Cuba, tho presidents says:
''WhateYer may be tho traditional syTa-
pathy Of our oountrymen as individuals
~ hn fa he eNr iiYs
for larger autonomy and greater freedom
deepened as such sympathy naturally
must be in behalf of our neighbors, yet
the plain duty of their government is to
observe in good faith the recognized obli-
gatiens of international relationship.
Touching upon the troubles in Turkey,
the message declares that no efforts have
been spared in the behalf Of Americans in
tho Ottoman empire, and their protection
in person and property has been earnestly
and vigorously enforced by every Means
in our power.
Reform in the consular service is re-
viewed and legislation is asked for Provid
ing for consular inspection, and the Presi
don't alsO recommends that our represent
atives at foreign courts be provided by ths
government with official residences.
The Nations Finances.
Turning from his review of our foreign
relations the president takes up the ma
Nohal hnaAcial situation. He says that
the suPplAnting of the Mckinley by the
Wilson tariff and thc repeal of she com-
PulsOry silver purchasing act, while im-
portant aRd benohcent, fall far short OF
curing the monetary evils from which we
suffer a. result Of loag indulgence in
i'll advised financial sIpedients
The president thsn enters upon lengthy
review Of the cOuntry'S recent financial
history, vita particular attention to tns
difieulty that has been experienced in
keeping the gOld reserve AbSvS the danger
mark He says that after Increasing our
interest bearing bonded indebtedness mere
thAa si63, oo9, 600 10 save our gold reserve,
We aEo nearly where We started, having
nav in such reserve s7s asa, 1865, a. against
40, asa S7T in February, 1894, when the
hrst bonds were issusd."
Tao secretary OF tho trsAsury reports
that "frsm Ian. /, 1879, to July IA, 1885, a
period Of more than eleven years, only
little over S2S, 900, 900 was withdrawn, and
that between July H. 1890, the date Of the
passage Of the law for an increased pur-
chase Of silver and Dec l. 1895, or within
less than Ave and half years, there was
withdrawn nearly s375 900, 900, making a
total Of mors than S408, 900, 900 drawn from
the treasury in gold since Jan. l, 1879, the
date hKed In 1875 for ths retirement Of the
United STATES notes"
Nearly sss7, 900 900 Of gold thus with
drawn has bsen paid out on these United
States notes, and yet every one of the
Ss46, Ooo 600 is still uncalled and ready to
service in future gold depletions. More
than sT6 900, 900 in gold has, since their
creation in 1890, been paid out from the
treasury upon tho notes given on the pur-
chase of silver hy the government, and yet
the whole, amounting to $l550Oo, 900, ex-
eept a little more than sl6,0OO,OOO, which
has bseA retired by exchanges for silver at
the request of the holders, remains out
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