The daily herald. [volume] (Brownsville, Tex.) 1892-1897, 1895-12-05
As TO CUBA.

auFehturesoine support ioStered III
America by stories of cruelty and
the national loss of liberty. The
rights of American consular officers
in Cuba TO protect property have
been fully recognized.
Occurrences in Turkey are spoken
of, concerning which information is
hard to obtain, but our consul at
SicSaa has been instructed to in
vestigate the reported troubles. 1t
is not the intention of this govern
ment to become enlangled in cas-
tern questions, but simply to care
for those entitled to its protection.
On the request Of our minister orders
have been issued by the sultan that
! Turkish soldiers should guard an
escort of American refugees to the
coast.
The Improvement of the consular
service is urgently recommended
Legislation is needed for consular
inspections. He also recommends
that ambassadors and ministers at
foreign courts DE provided with of
fetal residences and says that while
the glitter and should be avoided
this country should not suffer by
comparison through the shabbiness
its diplomatic corps.
FINANCIAL MATTERS
OF financial situation the message
says il is u subject of domestic con-
Germ more important than any other
thdt can engage our attention. and AT
present requires prompt treatment.
We may well be encouraged in this
direction when we recall the steps
already taken toward improving our
economic and financial condition.
The way has been well pr, pared
for further progress by an accurate
and intelligent popular interest in
these subjects.
BY command of the people Gus
tom service system designated for
the protection of a favored class at
the expense of the masses of our
country, and which, while effective
for the purpose of revenues, curtail
ell our trade relations and impeded |
our entrance 10 the markets Of the |
world, has been supported by a tariff
policy which in principles is based |
upon a denial OF such rights.
The compulsory purchase and /
coinage Of silver by the government |
which were DESTROYING confidence |
i'll orr government abroad and cul-
minated in 4 panic at home has been !
recently stopped by the repeal of
the laws which forced this condi-
ton. Notwithstanding the extreme
Importance and beneficial effect of
this, it falls short OF curing the mon
etary evils from which We suffer as
Il result of long indulgence in all
advised financial expenditures.
After explaining the result of
specie payment ana the creation Of
the gold reserve fund of SI00.020.-
300, the president gives brief mon
etary HISTORY Of the country, quoting
the fact that in July 1880 congress
provided for the purchase of silver
bullion, but decided that gold and
silver must be kept at a parity. He
hen refers 10 the depletion OF the
gold reserve in April 1893 to S97,-
100000, by redeeIninig gold obliga-
ions and attributes the further de-
'lction to high tariff laws in vogue {
Until the passage Of the Wilson bill,
ogether with the infusion Of
liver into the currency On the
agitation for It's free
.oinage. in consequence the rc- :
erve had fallen in February, 1897 to
65.458, 377. 10 relieve this state OF
fairs Sl620OO,O09 in bonds we're t. /
aed under the redemdtion act Of Q
500. lie then shows that despite :
heSe efforts the reserve has again :
allen 10 about $T100000O. Imme- !
late legislative relief is necessary :
} prevent further increse Of the
onded Indebtedness.
Lack of time and space compel us :
, omit the remainder until tomor-
1w's issue. Ed
" :! Doproft l-o,-iu., ,.s,-.,,,-o,j 10