The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-12-04

SlucratlOn OF every IHtelliBeub anu p1 :
triotic citizen. The voter who vii! read
in the spirit OF unprejudiced inquiry that
should animate every honest man, that
portion of the presidents message rela-
tive to the finances of the country, with
-out being Impressed with the absolute
idiocy of maintaining the endless green
back and treaslr note chain. should
have somebody to DO his thinking, for
he is hardly fitted 10 express at the bal
lot box the Judgment OF safe citizen.
The cause. character and cure of the
financial ague that has -been shaking the
mon tary system of the United States
never have been so we'll stated in so
few words as they arc in the following
excerpt from tho message:
THE NOTES UNPAID.
I'm other words, the government has
paid in gold more than nins tentbs OF its
United States notes, and still owes them
all. 1t mas paid In gold about one hall
It's notes ven for silver purchases with
out eAtingnishing by such payment one
dollar of these notes. Then, after all this,
VIC are reminded; TO carry on this as
founding financial scheme, the govern
ment has incurred bonded Indebtedness
of $95, 500. 600 III establishing gold re.
serve, and of Sl62, 3l5. 900 in efforts to
maintain it; that the annual interest
charges on such bonded indebtedness is
more than $1,000, 600; that confirm.
ance in our present course may result in
further bond issues, and that VIC have
suffered or are threatened with all OF this
for the sake of supplying gold for for
sign shipment or facilitating its hoard
Ing at home, situation Is eNhl blted
which certainly ought to arrest attention
and provoke immediate legislative re-
lief / a n CeI only tbOrOtIpl
and practical remedy tor our troubles is
found IN the retirement and cancellation
OF our United States notes commonly
called greenbacks, ana the outstanding
notes issued by the government in pay.
nent of silver purchases under the act OF
1890"
That the message will be as effectua
in precipitating discussion and study OF
the financial condition and policy of the
country as that of 1887 was in focusing
the light OF truth on the iniquities OF
the protective tariff, there Is little doubt.
The discussion can come none too soon,
ana ont of it we may he sure the inherent
common sense and iiborn honesty of the
American people will bring a result that
will preserve the integrity of the public
credit and protect the equities OF both
debtor and creditor in personal transact
tlons.
In the consideration of the financial
difficulties which the president has SO
forcibly brought before it, the Republican
congress has an excellent opportunity to
demonstrate the depth of the patriotic
fervor it so vociferously PROCESSES. For
the sake of the country we hope it will
rise sufficiently above partisanship to
equal the occasion; that it will treat the
suggestions OF Mr.. Cleveland as those OF q
loyal and conscientious. chief magis-
trate, and not as coming from a political
opponent. We must confess, however,
our doubts of it doing anything OF the
kind.
In his treatment of our foreign rela-
tions President Cleveland shows that his
views are IN accord with the traditional
policy of the union and sound principles
The reflection OF the spirit of the Mon
the Venezuelan boundary dispute sho VS.
that the pprehensiveness of some OF
our perferviu journalistic and political
patriots has been entirely baseless. The
president. they vii! now know, has not
informed Great Britain that she m ay
have as much or as little of South Amer
lean territory as she chooses. On the
contrary, it turns out that long before
Senator Lodge delivered his Paris and
London stump speeches, and months pre-
vious to Senator Dolph's spoutings from
the top of his Oregon cider key, the adj
ministration had informed Great Britain
that she could only have such portions of
the territory in controversy as court of
impartial arbitrators would decide that
she is entitled to. This part OF the mes
sage ~ill undoubtedly be received with
disappointment by our Republican breth-
rem.
1t il evident from mis- expressions re-
garding Cuba that the president holds
about the same views as those entertain
ed by General Grant at a similar stage of
former rebellion, when recognition was
called for by the insurgents, and that is
that thus far the insurgents have not at.
tanned a position in the conflict with
Spain which would, in accordance with
the usages OF international law. eniitle
them to recognition as bellig erents.
While he does not declare against recog-
ect is sufficient to indicate that ne is
nos favorable to it. Fur the reasons We
havo frequently adduced. the proposition
TO accord belllgerent rights to the Cubans
has little of a practical character in favor
OF it and much that is practical against
it. both from the standpoint of insurgents
and of American interests. The demand
is almost entirely based on sentimental
considerations.
The president still stands for rad j.
cal tariff reform and very forcefully util-
ICES the benefits thus far received under
the recent revenue enactment TO connrm
and sustain the views hitherto expressed
by him, out of course he discerns the
futllity of hoping for further remedial
acton on the part OF the present con-
gress.