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The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-12-18


which our obligation TO the sovsreignty Of
Spain will be superseded by higher obligations
w when we eaL hardly hesitate 10 recognize
and discharge.
peferrlng the choice Of ways and methods
until the time Tor action arrives. We should
make them depend upon the precise conditions
then existing, and they should not be deter
mined upon without giving careful heed 10
every consideration Involving our honor ana
interest, or The International duty We owe 10
Spain. Cnil We face the contingencies hug-
gested or the situation Is by other incidents
impcratlyely changed, we should continue ia
the line ~ conduct heretofore pursued, thus IN
all circumstance exhibiting our obedience to
the requirements Of public law and our regard
for the duty cnlOined upon Us by the position
We occupy la the family OF nations
contemplation OF emergencies that may
arise should plainly lead us To avoid their
creation. either through "a careless disregard ot
present duty or even an undue stimulaticn aad
ill-iimed expression OF feeling. But nave
deemed IT not amiss 10 remind the congress
that a time may arrive when correct policy
and care for our interests rs well as Q regard
for the interests OF other nations and their
citizens. joined BY considerations OF humanity
and desire 10 see a rich and fertile country In
tlnately related to US saved from
complete devastation, will constrain
our government to such action az
at the same time promise TO Cuba and It's In
habitants an opportunity to enjoy the bless
ings OF peace.
The Venezuelan boundary Qusstton.
The Venezuelan boundary question has
ceased to be a matter OF difference between
Great Britain and the United States, their re-
spcctivc governments having agreed upon the
substantial provisions OF treaty between
Great Britain and Venezuela submitting the
whole controversy TO arbitration. The pro-
visions OF the treaty are eminently just and
fair that the assent Of Venezuela thereto may
confidently be anticipated.
Negotiations for "a treaty OF general arbtra-
ton for all differences between Great britain
and the United States are far advanced ana
promise 10 reach successful contamination al
an early date.
Seal Life In Behring Sea
We have during the last year labored faith-
fully. and against unfavorable conditions. "a
secure better preservation OF seal lie IN the
Yehring sea. Both the United states ano
Great Britain have lately dispatched commits.
sloners to these waters TO study the habits ano
condition OF the seal herd and the causes o.
thAr rapid decrease. Upon the reports o
these commits sionerS, soon 70 be submitted
and with the exercise OF patience and goot
sense on the part OF all interested parties. IL u
earnestly hoped that hearty cooperation ma,
be secured for the protection against m
| threatened extinction OF seal life in the north
| ern Pacific and Behring sea-
The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-12-18

During the past year rapid progress has been
made toward the completion OF The scheme
adopted Tor the erection and armament OF
Qualifications along our sea coast. while equal
progress has been made In providing the ma
tcrial for submarine defense ia connection
with these works.
This improved situation is largely due TO the
recent generous response Of congress 10 the
recommendations OF the war department
Thus we shall soon have complete about one
NTH OF the comprehensive system. the nrst
step In which was noted In my message 70 the
congress OF December T. 1884,
The experience ana result OF the past year
demons trate that with "a continuation OF pres
ent careful methods the cost Of the remaining
work will be much less than the original esti-
mate. We should always Keep in mind that OF
all forms OF military preparation coast de-
Tense alone Is essentially pacific In It's nature.
While IL gives the sense Of security due 70 u
consciousness OF strength. II Is neither the
purpose nor the effect OF such permanent forti-
hcaton 10 involve US In complications, but
rather to guarantee us against them. they are
no temptation 10 war, but security against ~;
Thus they are thoroughly in accord with AL
the traditions OF our national diplomacy.
The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-12-18
OUR FINANCIAL SYSTEM.
weakness and Vices of Our Present
Method.


This reference to the conditions and pros
poets OF our revenues naturally suggests an
allusion to the weakness and Vices OF our nnan-
cial method. They have been frequently
previous communications and the ineyitapie
danger OF their continued liberation pointeo
out Without now repeating tnese ae.aiis :
ing the necessity OF the prompt reform OF
system opposed to every rule os sound finance
and shown by experience 10 be fraught Win
the gravest peril and perplexity.
withdra walls Of Gold obligations.
Because we may be enjoying temporary re-
lief from It's depressing influence THIS shouio
not hull us into false security, nor lead US 10
forget the suddenness OF past visitations. am
more convinced than ever that we can have
no assured financial peace and safety until tha
government currency obligations upon WHICH
gold may be demanded from the treasury are
withdrawn from circulation and cancelled.
This might be done, as has been heretofore
recommended, by their exchange Tor long
terra bonds bearing low rate OF interest OF
by their redemption with the proceeds OF sucb
bonds.
This plan of issuing bonds for the purpose o!
redemption certainly appears to be the most
effective and direct path TO the needed REFORM
In default OF this, however, IL would be step
in the right direction 4 currency oongauons
should be cancelled instead Of rcissued. Thie
operation would be o slow remedy, but II would
improve present conditions.
National Bank Notes.
National banks should redeem their own
notes They should be allowed to issue circu-
lation to the par value OF bonds deposited -
security for redemption. and the tax on thef1
circulation should be reduced to one-fourth OF
one per cent.
the United States notes and treasury notes to-
sued under the new law OF 1890, am OF the
opinion we have placed too much stress upoq
the danger OF contracting the currency ana
have calculated too little upon the gold thae
would be added to our circule tion II invited "a
us by better and safer financial methods. II u
not so much contraction Of our currency that
SHOULD be avoided as its unequal distribution
The entire case may be presented by the
| statement that the day OF sensible and sound
| financial methods will not dawn upon us until
| our government abandons the banking busi-
| ness and the accumulation Of funds. and con.
| fines its monetary operations to the receipt Of
| the money contributed by the people Tor IL
support and the expenditure Of such money
| for the peoples benefit .Our business interests
| and all good citizens long for rest from fever
| ish agitation, and the inauguration by the
| government OF reformed financial policy
which will encourage enterprise and make
| certain the rewards OF labor and industry.
The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-12-18
MONOPOLY.


Trusts and Other Aggregsttous OF CspitaA
Another topic In which our people rightfuily
take q deep interest may be here brfeny cons
sidered. refer to the existence OF trusts ana
other huge aggregations OF capital. the objece
OF which Is to secure the monopoly OF some
particular branch OF trade. industry or COM
merce, and TO stife wholesome competition.
When these are defended II Is usually on tho
also reduce prices, and thus may beneht the
public II must be remembered. however, THAI
"A reduction OF prices to the people Is not one OF
the real objects OF these panizations, nor -
their tendency necessarily In that direction.
II IL occurs in particular case IL Is only be-
cause IL nccords with the purposes or Interests
OF those managing the scheme
Though congress has, ATTEMPTED TO deal v.vn
that purpose thus far have proved Ineffective.
not because OF any lack OF disposition or at
tempt to enforce them, but simply because tho
laws themselves, as interpreted by the courts.
do not reach the dificulty ~ the insnmciencles
OF existing laws can be rtmodied by sfurtner
legislation, 1t should be done.
An Appeal for Economy.
In concluding this communication. It's lass
words shall be an appeal to the congress foI
the most rigid economy In the expenditure y
the money IL holds In trust for the psTpio.
The way TO perpexlnR extravaganza u ohsys
but a return to frugality In diff1cult. When,
however, IL Is considered tant those VINO penr
| the burdens OF taxation have guaranty -
| honest care save In the fidelity OF their pup
lie servants, The duty OF all possible rc'rch'"-
| when our differences are forgotten, ana ous
| contests OF political opinion are no longer ~
| mcmbered, nothing In the rctrospcc. =. ~
| public service will be as fortun3te snu evuitS
performed and the memory Of s-sonttans de-
votion 10 the interests Of eur conhding lelloW
countrvmen. GDovyn CL1vYfAA
Executive Msnsisa. psssaS~ Y ~ =
The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-12-18

time since sisvch :, 1894 \ most re15cao
and sweeping extension Was made by exeeu-
tive order, issued the 9Th day of May. 1900.
And II fourth-class postnasterships are NOS
included In the statement 10 may be said that
practically all positions coatenplased BY tho
civil service Law are now classified.
The annual report VI the cofnmissl toner's Will
be duly transmitted, ana commend The I'M
portant matter they have In charge 10 the
careful consideration OF congress-
Inter-ststs Commerce.
The Interstate commerce commission has,
duYing the last year. supplied abandnnt evil
dence OF It's usefulness nnd the importuncs OF
the work committed TO its charge. Public
transportation Is universal necessity. and
the question u just and reasonable charges
therefor has become Of vital importance, NOS
only 10 shippers and carriers but also 10 tho
vast multitude Of producers and consumers.
In view OF the judicial Interpretation which
some provisions OF this statute hf We received
and the defects disclosed by the efforts made
for its enforcement, its revision and amend
ment appear 10 be essential. 10 tho end that -
may more effectually reach the evils designed
TO be corrected. l hope the recommendations
OF the comml ssion upon this subject will DO
promptly and favorably considered by the con-
The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-12-18
INTERIOR DEPARTMENT.
Enormous disbursements.

The report OF the secretary OF the Interior
presents u comprehensive and interesting ex-
hibit Of the numerous and important affairs
committed to his supervision. 1t Is impossible
refer to few OF the sub
iccts concerning which the secretary
gives full aud instructive Information.
The money appropriated on account of this
az On rtme nt and for its disbursement for the
fiscal year ended Juue 80, 1890. amounted TO
more than ol57 100 000. or greater sum than
OF the government for the two fiscal years
ended June 30, 1851.
The Public Domain.
Our public lands, originally amounting TO
$4,000 acres. have been 90 reduced that only
about CO.., 00OO 00 acres still remain In govern
ment control, cxclrling Alaska. The bal
ance, being by far tAs most valuable portion,
has been given away TO settlera, TO new states
and 70 railroads, o. cola ~ oempArativsly
nominal bun
The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-12-18
CIvIL-sERvIcE REFORM.


The progress made In civil-service reform
furnishes = cause for the utmost congratuia-
tion. II has survived the doubts OF It's friends
a. we'll ms the rnncor OF its enemies, and has
gained q permanent place among the agencies
prove, economic and elevate the public serv~
Ice.
There are now In the competitive ciasslned
halS q these have been included from dime 70
The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-12-18
DEPARTMENT orr AGRICULTURE.
Worthy of Constant Care and Encourage
ment.

The department OF agriculture Is so inti-
mately related TO the welfare OF our people and
the prosperity Of our nation that ~
and encouragement OF the government
From a small beginning 1t has grown to be
the center Of agricultural intelligence and tho
source OF aid and encouragement TO agricul-
tural efforts. Large sums OF money are an
nually appropriated for the maintenance OF
this department, and 1t must be confessed that
the legislation relating to IT has always been
directed la the interest OF practical farming or
properly guarded against waste and sxtrava-
gance. SO far. however. as public money has
been appropriated fairly aud sensibly TO help
those who actually Till the soil, no expenditure
has been more profitably made or more gencr-
ally approved by the people.
Exports OF Farm Products.
The secretary reports that the value OF our
exports OF farm products during the last fiscal
year amounted to $50 0O0, 900. an increase OF
Sl7 100 700 over those OF the year immediately
This statement Is not the less welcome be-
cause OF the fact that, withstapding such In
I crease. the proportion OF exported agricultural
| products to our total exports OF all descrip-
| lions fell OF during the year. The benefits Of
| an Increase in agricultural products being as
| sured, the decrease In its proportion TO our
consider that 1t Is owing 10 the fact that such
| total exports for the year increased more than
| &75. 10000
Graiuitous Distribution OF Seeds.
In my opinion the gratuitous distribution Of
| SEEDS by the department, AS at present con-
Quoted, ought to be discontinued No one car
| re Il the statement OF the secretary on this
subject and doubt the extravaganza AND ques
| tionable results OF this practice. The pro
fessed friends OF the farmer, and certainly thu
farmers themselves are naturally expected y
be willing To rid q department devoted TO TN
promotion Of farming interests OF featur'
| which tends so much to Its discredit
The Weather Bureau.
The weather bureau. now attached TO the de
partment OF agriculture. has continued TO ex
tend it's sphere OF usefulness, and by an unin
terrupted Improvement In the accuracy OF IL
forecasts has greatly Increased its eiicienc
~ an aid and protection to all whose occupa
tions are related TO weather conditions.
The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-12-18
ANNUAL MESSAGE
n, the President OF tho United
States to Congress.
A calm, Dispassionaie and Conser's"''
p.iiyerance ON the Cuban CUES
tion-Generai Governmental
Affairs Discussed.

WARRINGTON, Dec. 7-Following is
a synopsis of the presidents annual
message TO congress;
The Late Elections.
M THE CONGRESS OF THE UNITED STATES
A. renressntatiyes OF the people In the legis-
a. a. ~ branch Of their government you nave AS
iaa,r,led an a time when the strength ana ex-
se.iIence Of our free institutions and the Illness
- nur citizens TO enjoy popular rule have been
a,otn M AIDE manifest. political contest IN
ass1ying momentous consequences fraught with
,,syerlsh appre tension and creating aggressive
ress so intense rs to approach bitterness aud
ssession has been waged throughout our land
80 determined by the decree OF free ana IN
srnendcnt suffrage, without disturbance OF our
tra5,1uilllty or the least Sign OF Weakness In
Sur national structure.
oh.aience to Constitutional Requirement
In obedience To constitutional require
,nent herein submit To the congress certain
trfo,mation concerning national Affairs, win
~ suggestion Of such legislation as IN my
judgement Is necessary ana expedient. TO Sc
srrr brevity and avoid tiresome narration,
ehlll omit many details concerning matters
within federal control which though by no
means unimportant. are more prontably dis
sn,sed In departmental reports.
The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-12-18
THE WAR DEPARTMENT.


The report Of the secretary OF war exhibits
satisfactory conditions In the several branches
OF the public service intrusted To his cnarRe:
The limit OF our military force, as hxed Nv
Inv. il constar tly and readily maintained. Inc
present discipline and morale OF our army are
excellent and marked progress and eiiiclency
arc apparent throughout its entire organiza-
tion. .-..,.....s ,,,,h
new magaziue arms and wise policy demands
that Ali available public and private resources
should be so employed as TO provide. within q
reasonable time, sufficient number TO supply
the state militia with these modern weapons
and provide an ample reserve for any emer-
gency.
The Organised militia
The organized militia numbers ll2sI9 men.
The appropriations for It's support by tue sew
eral states approximate s2.soO0oO annuaily,
and 500 900 is Contributed by the general gov.
eminent. investigation shows these TROOPS
n be usually we'll drilled and inspired Win
much military interest, but In many INSTANCES
thew are 50 deficient in proper arms and cquip,,
ment that sudden call TO active duty wC Ss,d
and them insdcQuatcly prepared ior Ee =,
service Therefore recommend that p!omp'
measures be taken 70 remedy this conuitop
and that every encouragement BE- given 70 sp.a
deserving body u unpaid end ve'snssss o's''
The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-12-18

Government Penitent,aries.

The attorney general presents detailed and
interesting statement OF the important work
done under his supervision during the last
fiscal year. Tho ownership and management
by the government Of penitentiaries for the
confinement OF the convicted In United states
courts OF violations OF federal laws, which Tor
many years has been "A subject or executive
Recommendation. has al last, TO slight ex-
tent, been realized by the utilization OF
the abandoned military prison AT Fort
Jeavenworth as a United states peniientary.
This is certainly q movement in the right
direction; but IL ought TO be at once supple
mented by the rebuilding or extensive enlarge
ment OF this Impoverished prison. and the con-
structiOn OF al least one more, TO be located IN
the southern states.
The New salary system.
II is most gratifying to note the salts factory
results that have followed the inauguration u
the new system provided for by the act OF
MAY 2s. 1885, under which certain federal ON
clals are compensated by salaries instead OF
fees. The new plan was put in operation on
the FIRST day Of July. 1926. and already the
great economy it enforces. its prevention OF
abuses and us tendency TO better enforce
ment of the laws are strlkinRly apparent De
tailed evidence Of the usefulness Of this long
delayed but now happily accomplished re-
form W III be found clearly set forth IN the at
torney generals report.
The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-12-18
Our Coast Defenses.

zen soldiers, upon whose assistance ~ must
largely rely Ina lime OF trouble
The Providence news. (Providence [R.I.]) 1891-1906, 1896-02-26
THAT BURKE TRANSFER AGAIN

"What was Burke required TO do on
that Transient" asked alr. Mccarthy.
"He Wasn q regurie O. do anything. I"
wa, he ausscs. Mr. Ear ham modified
this stste rent by esying that D. r.. Con-
mel made the arp icat lon for the transfer
to put his place I'm proYer shpe. hen
this was done he eas to notify the board
go that some OF the members or the DO
Continued ON Page 4.
The Providence news. (Providence [R.I.]) 1891-1906, 1896-02-26
WHY II WAS Acrrn ON.

"Did anv one Ak the boa -d 90 act n
it on Noyemt or 1Y2'
~ es. 81.
"Mho yps it2n
"a me be- the c1rd."
"Do YOU fememier whether any out ide
party reque ed sctio =
f'f zen r. cmtr-- tina my
one outs de the to rd aske. IT,
Did ny one else have sn thing TO 90
With tie p bli at on ~ not c-sG'
That "a my business and ! attend 20
Z" DO her members OF the uoard assist
you3n
when there ia large number Of ap-
dO.r
hi. ended Mr.. Nironis examination
and Mr. Mccarthy recalled sIi,ense Com.
mi sioner Charles Edward Paine.
II wish TO cali your attention." said
The Providence news. (Providence [R.I.]) 1891-1906, 1896-02-26
WHAT JOSEPH SAYS.

Joseph says: Don't be short of st. Paul.
The January statement Of ret earnings will
be out today, and the tears on st. Paul will
wish they had not INDUCED the courage of
their convictions The market may be tenn
porarily professional, but the spring rise Is
coming in stocks Of grain. iron and cottor.
Get aboard, little children you will find
oase and comfort on tho bull train. Bull
Reading. General As and Sugar. but don t
buy ". =. L. preferred"
The Providence news. (Providence [R.I.]) 1891-1906, 1896-02-26
FINANCIAL NEWS
Peculiar Conflict Of Inside Ipforma-
ti0n on Sugar.
The Reaction for Which the Traders Have
Been Working Came Yesterday.


NEW YORK. Feb. 26.-Aside from Tobacco.
Manhattan, Western Union and Leather, de-
clines were not large. The reaction was ex-
pe"ted by traders who helped IL along when
IL was found that London was seller. and
that support was not given in Leather and
A. NJ. Il. Cammack brokers sold noar the
close. 1t can hardly be said, however, that
sentiment has radically changed. Conserva-
tive brokers thought last night that prices
might be quoted lower. but that the supply
OF stocks was still small and rallies would bo
in order.
Arrangements have been made to move
several stocks not lately active, and this un-
dertakipg Is not likely TO be abandoned i'm
medjatoly.
The higher rate for money had some iniu-
ence in the last hour. The growing ease Of
timo money is evidence. however. that call
rates are not likely to have more than tom
porary advances. The strength in Exchange
was used as a factor but can hardly bs con-
sidered serious with the gold reserve up to
$l23, O0,0t0. a sum, IL may DO said, materially
larger than either treasury officials or
bankers expected at this time.
There is a peculiar conflict of inside infor-
nation Ia regard to Sugar. From one source
comes line of talk TO tho effect that Sugar
not quite as cheap as usual. taking its i'm
mediate condition as tho basis. There is no
intention of paying on extra dividend this
spring, and srecuIatively the people who
know most about the property are rather dis
posed TO realize. The other line OF ipforma-
tion is that one wing OF insiders il long of
Sugar. and is putting the price mp partly on
the merits Of the property and partly on n
Washington short interest.
IL was admitted last night that the ad-
journed meeting OF Leather directors might
result in some dividend on the preferred
stock. bu: it was regarded as improbable
Edward Sweet 81 Co. say: '1he reaction
for which the traders have been working
came yesterday. but the general conditions
favor higher prices. The only unfavorable
feature is the failure Of the tariff bill in the
| Senate, but this has not affected London.
prices fr~n there being about q higher"
The Withdrawals OF gold from the Washing
| ton treasury yesterday amounted to Si0S, 400.
The official plan Of the oregon short Line
| reorganization is not out yet but Boston
| telegraphs that 1t contempiates the creation
| Of a per cent. bond, lst and 2d incomers and
| common stock. The old 6's are left undis.
| turbed.
j. 5. Bache & eo.sayE nCencerning the
| various rumors about b. e. o., we took specia!
| means to find out what truth there IL, IL any.
| in the current report of receivership. Expert
| Stephen Little denies that any such action is
temporarily probable. His invc:tlgations
have not yet progressed far enough.
| The coal agents will hold their meeting to-
| morrow to regulate the output and prices for
March.
The Providence news. (Providence [R.I.]) 1891-1906, 1896-02-26
ToDAY's STOCK BOARD.

WALL STREET, 10:l5 m.-The stock mar
ket opened firm and higher on moderate
trading. The speculation was favorably in
Huenced by higher quotations in London, and
some light purchases for foreign account in
the market improvements wore moro i'm
portapt in the Industrial shares. Sugar and
Tobacco rising 5-S. and Central Electric n
per cent.
The Providence news. (Providence [R.I.]) 1891-1906, 1896-02-26
Mining Stock.

The following are the closing bid prices
Of the listed stocks on the Colorado Min
ing Stock Exchange, Denver, Feb. ?5, as
reported by l.. &. Davis d Company, 24i
Washington street, Boston.