Connecticut western news., 1895-01-31

of S10 ana upwaru issued in their sE==S>. Silver certificates of the denomination of
 s10 and upward should be replaced by cer-
 tificates of denominations under sl0.
 Only Duties to Re Paid In Gold. "As a constant means for the mainte-
 nance of a reasonable supp ly of gold in the
 treasury our duties on imports should be
 paid in gold, allowing all other dues to the
 government to be paid in any other form
 of money.
 II believe all the provisions have sug- gested should Eo embodied in our laws if
 we ore to enjoy a complete reinstatement
 of sound financial condition. They need
 not interfere with any currency scheme providing for the increase of the circulat-
 ing medium through the agency of na-
 tional or state banks, since they can easily
 be adjusted to such a scheme Objection has been made to the issuance of interest bearing obligations for the purpose of re- tiring the noninterest bearing legal tender
 notes. In point of fact however. these
 notes have burdened us with a large load of interest and 1t Is still accommodating. The aggregate interest on the original issue
 of bonds the proceeds of which In gold con-
 stituted the reserve for the payment of these ynptes, amounted to so, 32o, 25o on
 Jan. I, fse5. and the annual charge for in-
 terest on these bonds and khose issued for
 tho same purpose during t1e last year will
 be sa. l45. 900. dating from Jan l, 1895. While the cancellation of these notes
 would not relieve us from the obligations
 already Incurred on their account these figures are given hy way of suggesting
 that their existence has not been ire from interest charges and that the longer they | are outstanding. judging from the ex-
 perience of the last year, the more expen-
 sive they will become
 "In conclusion I desire to frankly con- fess my reluctance to issuing more bonds in present circumstances and with no bet
 ter results than have lately followed that | courseL
 II cannot however, refrain from add ing to an assurance of my anxiety to co- operate with the present congress in any reasonable measure of relief an expression of my determination to leave nothing un-
 done which furnishes hope for improv- ing the situation or checking a suspicion of our disinclination or disability to meet
 with the strictest honor every national obligation. GROVER CLEVELAND"
 On Friday. Jan. 25, the bill pledS- ing the faith of the United States to the
 construction of the Nicaragua canal passed tho senate by the decisive vote of 31 yeas to 21 nays
 On Saturday, Jan. 26, resolution on I the Hawaiian question introduced by
 MT. Vest indorsing the course of the ad-
 ministration and advising noninterferenoe | was adopted-24 to g.
 On Monday, Jan. go, the house com
 mittee on banking and currency spent the day in debating the new administration bill. went through it by sections, adopted
 three important amendments and adjourn | ed. leaving two amendments to be acted upon
 A special order was invoked to bring up the bill to repeal the one tenth of a cent differential duty imposed by the new tariff
 law on sugars imported by bounty paying countries, and it was passed without | amendment in the house.