St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1895-12-06
rHE PRESIDENTS MESSAGE.

is a lengthy review Of the foreign
complications in al parts of the
world and also OF the financial prob
lens OF our own country. Much in
tcrcst has been aroused in the presi-
dents views on the dispute be
tween England and Venezuela
and he informs the public that
England has been notified that
the present administration adheres
to the Monroe doctrine; that the ira
ditional policy Of the United States is
firmly opposed to any forclble in
crease of the territorial possessions
OF any European power on this con
tincnt; and that the policy embodied
in the Monroe doctrine is right and
sound, and will be maintained.
He holds out no hope for Cuban
insurrectionists and wishes that
peace may soon be brought about in
that country. The financial points
Of his message have been summarized
as follows by the Boston Record;
The bond contract defended.
After increasing our interest bearing
indebtedness more than $4,000, 600 to
save our gold reserve, we are nearly
where we started in 1894.
The coinage of the seignlorage worth
consideration.
- Retire the greenbacks.
Issue long term gold bonds, small
as well as large.
Issue national bank notes equal to 90
p. c. OF bank circulation.
The government ability to get gold is
small
Panics like 1892 are likely to follow
large drafts of gold.
Increased revenues are no remedy Tor
shrinkage in gold reserve.
Silver coinage laws of 1890, 81 com
plicate the case.
Against free silver.
The history OF 1873 and 1890 is
warning.
Collapse would be sure to follow.
The presidents review of our relations
with other countries occupies the remain
der OF the message. Itsimportant points
are:
Reciprocal trade relations with Argen-
tine Republic beneficial.
Satisfactory arbitration by the presi-
dent between the Argentine Republic and
Brazil.
Revival of the United States and Gillian
claims commission probable.
The demands of the United States in
China for the punishment OF the outrages
against Americans are likely to result in
the future safety OF our citizens III China.
Our relations with Japan are cordial.
satisfactory solution OF the Waller
case in France is confidently expected ;
and Mr.. Walters confinement is allevia-
ted as much as possible.
Resolutions of the French chambers
look to a permanent treaty OF arbltra-
ton between the two countries.
American export interests injuriously
affected not only in Germany, but in adj
jacent countries by the home market
policy.
Our great insurance companies are
being driven from the European field.
FAIR dealing with other nations is our
true trade policy as a producing nation.
Retaliatory trade restrictions may at
times be needed
Attention called to the praise of our
new navy at the opening of the Kiel
canal.
The decisions of the Behring sea arbi,
traitors have not been followed by thee
pected results, British patrol in the
Behring sea insufficient to protect the
seals.
Payment of British claims because o
our seizure of sealing vessels would be
judicious and an arbitration treaty as to
these claims will be laid before the senate
Internationalrules to prevent collisions
at sea are still in allegiance.
No agreement yet on the international
boundary in Passamaquoddy bay.
The limits of British and American
governments in the Yukon region
demand a speedy determination. Eng
land has proposed a joint delimitatioi
by international commission, which ca,
be accomplished without unreasonable
delay.
Unsatisfactory markings of boundarie
in the Great Lakes at the approaches c
connecting waters. a joint committee
necessity.
American insurgents in Hawaii secure
in their rights and mercy obtained 70
some.
Efforts to punish helynchers of Italia
labOrers in Colorado. The padrone sy;
TEN an evil.
Congratulations that the Unite
States was the first to recognize Japan
advance.
Negro emigrants from Alabama i
Mexico rescued from disaster by IL
United States government, and the jul
debt to the railroads for transportir
them home.
Our efforts in the Mosquito difficult
gratefully recognized by Nicaragua.
The United States minister Will repr
sent the government at the Cars cor
nation in May.
The claims Of the sealing vessels seiz
in Russian waters remain unaduste
Modus vivendi may prevent furth
trouble.
Congress urged to relieve the Unit
States from its Samoan complications.
Alliance outrage disavowed BY Spai
Recognition OF rights of American CT
zens prosecuted.
Commercial advantages gained a
veXatious ship fires RENTED in Cuba a
Porto Rico.
Consular service needs improvement