Arizona republican., 1895-12-04

neutrality of this government is advised, d spite the sentimental sym Dathy and adventurous support aroused in America by stories of cruelty and natural love of liberty. Military arrests of American citizens. the rights of the American consular officers to protect property and the Allianca incident have been recognized and are explained.
 On the occurrences in Turkey, while the subject of excited concern. ipfor. nation is hard to obtain. But our consul at Sivias has been instructed to investigate. It is not the intention of this government to become intangled in the eastern question, but simply to care for those entitled to its protection. Ships have been sent to the point of actual disturbance and, on demand of our minister, orders have been issued by the sultan that Turkish soldiers shall guard and escort American refugees to the coast It is earnestly hoped that prompt and effective action of the part of the great powers will not be delayed.
 OwiAg to the growth of American in terests in foreign countries, the i'm provement of the consular service is urged. In accordance with the recon. mendation of the Secretary of State, it has been decided to fill consular posi- tions paying from 5000 to $2500 an- nually by transfer from some other position in the department of state. These promotions are to be made by examination, and include 196 places. Legislation is needed for consular in- spection.
 The president recommends that am bassadors and ministers at foreign courts be provided with officlal resi-. dences. He advocates that, while avoiding the glitter and show of foreign nations, this country should not suffer by com parison through the shabbiness and patsimony of it's diplomatic corps.
 As we turn from review of our for eign relations to contemplation ot our national financial situation, we are immediately aware that we approach a subject of domestic concern more i'm portant than any other that can engage our attention, and one at present ID such perplexing and delicate predica- ment as to require prompt and wise treatment. We may well be encour. aged to earnest effort in this direction when we recall the steps already taken towards improving our economic and financial situation, and when we appre- ciate how well the way has been pre- l pared for further progress by an aroused and intelligent popular interest in the subject.
 By command of the people, a GUS toms revenue system designed for the protection and benefit of favored classes at the expense ot the great mass of our countrymen, and which. while efficient for the purposes of revenue, curtailed our trade relations and i'm r. peded our entrance to the markets of the world, has been superseded by a tariff policy which, in principle, is based upon a denial of the right.
 The com pulsory purchase and coin age of silver by the government un checked, and regulated only by busi' ness conditions, and needless of our currency needs. which for more than fifteen years diluted our circulating medium, undermined confidence abroad in our financial ability, and at last culminaUed in distress and panic at home, has bean recently stopped by the repeal of the laws which forced this reckless scheme upon the country. The things thus accomplished notwith- standing their extreme importance and benefcent effects, fal! far short of cur ing the monetary evils from which we suffer as a result of long indulgence in ill. advised financial expedients.
 After explaining the resumption of specie payment and the creation of the reserve gold fund of $1O0,000,000, the president gives a brief monetary his- tory of the United States, quoting the that in July, 1890, congress pro vided for the purchase oi silver bullion, but decided that gold and silver must be kept at parity. The redeemed treasury notes, treated as gold obliga tions, in 1893 amounted to $l55, ,OO0, 900, with $500, .000 outstanding. This served to deplete the gold reserve in April, 1893, to $97, ,000, ,330, and the pres ident ascribes its further depletion to the high tariff laws in vogue until the passage of the Wilson bill, together with the infusion of silver into the country and the incre aslng agitation for it's free coinage. In consequence of these conditions the reserve had fallen in February, 1894. to $65. .43S, ,377, de- crease of $31, 100000 in nine months. To relieve this state of affairs, $162, 000, ,000 in bonds were Issued in three per cents, under the redemption of the act of 1895.
 President Cleveland explains the necessity for the Morgan syndicate con- tract, and declares if at it's special ses- sion in July congress had authorized the issuance of per cent bonds, $l6. 900, ,6O0 would have been saved. De spite these efforts, the gold reserve IS about in the sama condition, there be. ing but $79, ,333 ,966 on hand at present.