Arizona weekly citizen., 1896-12-12

which, while preserving the sovereignty
 of Spain would satisfy all rational re- quirements of her Cuban objects, there snould be DO just reason why the pacific
 ation of the island might not be effected ou that basis. It would put the pros
 psrity of the island, or the fortunes oI it's inhabitants, within their own control
 without severing the neutval and sncien,
 tiss which bind them together as country"
 IL has been intimsted to Spain, and that country does not seem unwilling to adopt the suggestion, that the United States act as mediator ID bringing about tbis result. At the same time Spain demands that the insurgents lay down their arms before @ compromise will be considered and the Cubans insist on something more definite than a promise of autonomy before they will consent to do SO. h any event the president t says the United States should make DO attempt to acquire the island and should prevent any other power from acquiring 1t. If. however, the ability of Spain to demJnstrate it's sovereignty becomes manifest, the United States should not hesitate to recognize and discharge it's duties without in any way meanwhile stimulating disregard to duty or ill., timed expression of feeling. Briefly touching op the Venezuelan boundary question and the Behring Sea complica- ,ioDs the president then devotes himself to internal affairs. His message takes up in detsil the various debts of the national government. In the treasury department receipts for 1896 were s4O9.- 475, ,4cS.78; expenditures S434, ,67S ,654 AS; decrease s25, ,2O3, ,245.7O.
 The value of dutiable imports s369, . 757, ,470; value of free imports S4O9,9 = 470; total increase s47, ,754, ,7O9; value of exports $S82, ,606,9 ,93S; increase over ihe preceding year s75. 5.O6S, ,773; gold export cd Sl12, ,409, ,967; silver exported s6O,54l,- 670; gold increase S45, ,525, ,C65; silver S2S.717, 1855 a decrease of g., ,S59 ,695 of gold and an increase of sS, GOT. Total metallic money in the United States July lst 1,22S, ,326, ,035, of which S599, 597, ,964 YVES gold and S629, ,72S, ,071 silver; Nov. ]st, 1896, total money in the United States was g., ,285, ,410, ,590 and the amount in circulation exclusive of treasury hold ,ngs was s1,627 ,055. .641 or s2264 per capita on a population of 71,9O2, GOO.
 The coinage of these metals throughout the world the same year was S232, FOL- = 43S in gold and S1, 121 996, 129 in silver On October 9th, 1896, there were 3,679 national banks in operation with three billions, two hundred and sixty three millions, six hundred aud eigbty-five thousand dollars resources.
 Of the liabilities s1, 59O, ,S91. .O58. .O3 was due depositors and S2l0,000,00O was in outstanding circulating notes. Twenty eight new banks were organized and 37 surrendered their charters while for 27 others receivers were appointed. State banks to the number of 5,708 were in existence during the year.
 Immigrants arrived bringing to this Country more than S5O0.C00.
 In reviewing the war department the president does not recommend an in- creased army, as he eays the organized militia numbers 112,S79 men end costs 3,1O0,0O0 annually which should suffice.
 He believes both the regular army snG militia ehould have more money for 
 Regarding the navy tte president re- commends the expenditure of money fo. coast defences, declares hls belief in the ability of the government to build it's own vessels and equipments; is opposed to paying any further speed premiums and recommends plan for laying up ships In reserve so as to reduce the cost of 10 maintaining our vessels sflost. Eight new cruisers and two gunboats have bsen commissioned and the chef execu- tive says American ships are equal to any that float.
 The preeideat thinks federal offenders should be confined in the government prisons.
 The postoffice department, be says, is ID good condition with sdeticit of S8. .O0O,- 900 owing to reduction of postal duties and the increase without proportlonate revenue of low class mail matter.
 The total IDdian popoulatlon is IT, 235. The president believes the Indians show improvement under the govern ment management and recommends that they be looked after by 8 commis- -ion one of whom shall be an army officer.
 OlcNSiduQ nlbo tuS peu5iOD Erabbers a hard blow. He shows that last year the number of pensioners increased until the list is the ai gest ever reported numbering 970, ,67S and costing Sl3S, S,214, 761 94.
 President Cleveland demands the set .lement of the Pacific railway loans and grants and especially the foreclosure of he Union Pacific mortgage. He shows Q the agricultural department that 8 yslue of farm products exported in 1896 mounted to S570, 900. He is oppos- d to further grstuilous distribution of ! eed.
 The intertestate commerce and civil ervice laws are highly commended. | While admitting deficit of little more han S25,N ),00O the president defends | he Wilson tariff bill as having opened ID foreign markets and stimulated trade | with other countries.
 The present bill, he says, will yield ! ufficIeat revenue if given fair trial but | he deficit was to be expected in the face | ,f the business depression for the past | wo years. In this connection he de- end: the drafts made on the reserve fund | $ be says it is immeasurably better to | our surplus to the payment ! f justifisble expenses than to allow it O become sn invitation to class sppro- 'riation and extrsvsgsnt expenditures.
 The president alludes to our financial nethois as weak aud viciOus and asks | ,rcmpt reform of the system which is r ppossd.,o every rule of sound finance Ed shown by experience to be frauGht | Fith grievous peril and perplexity. He e!ers to the late conteet as beng great r menace to property than the late rar.
 He declares fnaDclal peace cannot be ecured until governmentc currency 0bli- stions upon which redemption may Ge emapded are withdrawn from circul8. ion and cancelled. lie advocates their for long term at low inter st bonds on their redemption with the roceeds of such bonds. If this IS not oue be thinks such currency cbliga- chN,i1 ha