Arizona weekly citizen., 1895-02-02
TELEGRApHIc.

WAsHINGToN, Jan. 29-The largest attendance of senators since the session
 began heard the presidents message
 read. On motion of Sherman it was
 referred to the finance committee.
 In the house when the message was
 concluded there was round of applause
 from the democratic side. Springer
 introduced an administration bill to
 carry into effect the presidents reoom-
 mendations.
 The bill and message were referred to
 the commi tee on banking and currency. LONDON, Jan. 2S-A heavy snow
 storm prevailed during the night
 throughout England, and severe cold
 prevails. In Lincolnshire several per
 sons have been frozen to death.
 PARIS, Jan. 2S-The newspapers are
 less hostile in their uttersnces regard
 Ing the Ribot ministry. Goblet intends
 to ask the government for precise declar-
 atlons regarding its general policy. and
 announces the secession of his followers
 from Ribot's supporters, on the ground
 that they have not been consulted dur
 ing the ministerial crisis.
 COLON, Columbia, Jsn. 2S-It is re- ported that serious trobles have occur I red in the in the interior, and troops have been sent to Cacau.
 | BROOKLYN, N. Y. Jan 28-The 7th
 and 71st regiments, and the lst battery
 have been relieved from duty, and re- turned to New York.
 PARIS, Jan. 28 President Faure'e message was read in the chamber today.
 The chamber passed an amnesty bill
 vote o. 511 to [.
 HENNEssY, O. T., Jan. 28-A blizzard struck Hennessy tod ay and the tbsrmo- meter is two degrees below zero. Sui
 ferinR prevails among the settlers of the Cherokee outlet.
 SING SING, N. r., Jan. 28-Dsvid
 Hampton was electrocuted at 11l5 today for the crime of murder and
 robbery of Mrs. Anita Kerns, of New York, on December 29, 1892.
 SACRAMENTO, Cal, J,n. 28-The
 senate met this morning, amidst confu- sion and was obliged to stand mp while the clerk counted them. Tbere being DO quorum, Senator Ford, in the chair, | declared the senate adjourned until | tomorrow morning.
 WASHINGTON, Jan. 28-The president this afternoon will protsbly send a | A special message to congress, calling to the necessity of immediate Legislation | for the protection of the treasury from further depletion of it's gold reserve. The message will stste that temporary expedients cannot result in permanent good, and that the business of the country demands decisive action that wlll leave DO doubt of the intention of the United States to maintain the integ r;ty of its national finances.
 It is understood that the message will sek that the secretary of the tres- sury be empowered to issue gold bonds to an amount not exceeding $50, ,0OO, coo for the purpose of recuperatiDg the gold reserve; strengthen finances, and re- plenishing the treasury, ID case the present monthly deficiency of revenue continues.
 The following is @ synopeis.
 Senate and house of Representatives {:
 In my annual message I recommend to
 congress the condition of finances, in
 connection with which I endorsed 8
 plan, which seemed to furnIeh protection
 against impending danger. This plan
 was not approved by congress, and
 meantime the situation is 20 changed
 and appears 80 threatening that I deem
 it my duty to ask that prompt and effective action be taken to restore con- fidence and financial seundness: avert business disaster and universal distress among the people. It is hardly disput- ed that a predicsment confronts us to. day, and DO one should fail to see bis patriotic duty to relieve the situation.
 Then he says that party lines should be thrown aside. "The real trouble is lack of confidence in continuing ability, or disposition, of the government to pay its obligations in gold. The only way left open for the government to procure gold is by the issue and sale of bonde, which must be paid in gold and then can be reissued. He calls at teution to the previous bond issues, amounting to s1O0,OOO. The gold re- serve has reached condition of diminu- ton requiring speedy reinforcement. | A proper solution of the question requires the recognition of gold, as we'll | as silver, as the basis of credit necessary for sn honorable discharge of out obli- gstions, payable in gold and badge of solvency. He further says that treasury notes maturing in 1904 and bonds should be paid in gold. "While I am not un- friendly to silver and while l desire to see it recognized to such an extent as s consistent with the financial safety and preservation of national credit, I am not willing to see gold entirely ban shed from our currency and finances" He thinks the secretary of the treasury ought to be authorized to issue bonds to maintain the gold reserve, and for the redemption of legal tender notes and treasury potes, issued under the sw of July IA go, bonds to be payable ID gold 50 years from date; treasury notes should be retired when redeemed. Bonds deposited by national banks as security for circulation.
 He then goes on to state the denomi- astions; also also all duties on imports should be paid in gold, and all other dues of the government paid in any form of monay.
 Concluding be says he desires frankly to confess his reluctance towards the issuance of more bonds, but is anxious