The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-12-08

founded. In other words, the deficiency IN
All of which demonstrates the absolute
necessity for revenue Legislation that Will
bring increased receipts. II seems 10 me 10
properly framed would come a permanent
return of confidence and that our financial
system would in the futl as 1t did prior
to 1888. take care of itself
Il do not believe IL is pI able 10 fund
the United States treasur, .es. although
a provision giving the 3 'etary of the
treasury authority temporarily 10 hold
these notes in the treasury-as they are
placed there in redemption or received from
taxes-would probably be wise The he PreSIo s 81
which can be devoted TO current expenses.
The proceeds are borrowed money. The
bare statement of that fact shows the
necessity for increased revenue; and with
revenue equal to expenditures, any surplus
in the treasury can be used in payment OF
the interest-bearing debt OF the United
States.
Il do not know what the facts are touch
ing Cuba, except as l gather them from
but guerrilla warfare In the island on the
part of Cubans and that there is no gov
ernment in fact to recognize. From a hasty
reading of the message i cannot but see
that ii would be wisdom for Congress TO
await executive action and recommendation
as to Cuba.
Mr.. Cousins. member of the foreign af-
fairs committee: 1T is evident that the
President occupies the same position that
he has formerly. To be plain, he does not
right to interfere. and. to be equally plain.
he feels in a greater degree than he has
formerly expressed. the sympathy of the
American people for Cuba. He seems TO
think il might be possible for a condition
of affairs to exist in Cuba at some time,
no one knows when. that would justify
interfering on higher grounds than those
involved in the ordinary rights OF nations.
What can be added to the situation already
existing to make it sufficiently serious TO
justify the interference which the Presi-
dent has In mind?'
Mr. Taft member of the committee on
ment of the Cuban question as a whole may
be considered formal notice to Spain
that the present conditions cannot be pro-
longed indefinitely. Indeed. it lays a basis
fer an intervention even before he goes out
Of office or il gives him an opportunity 10
throw the question on TO the shoulders or
the succeeding administration. Probably
he will pursue the latter course. In regard
to the tariff the President is no doubt cor
rect in speaking of the deficit for the last
fiscal year, but the most appalling deficit
is in the first five months OF the current
year-nearly $40. 900. The people want
the deficit wiped out and believe IL is the
duty of the present Congress TO pass the
Dngley bill, or a modification OF IL. 10 in
crease the revenue 1t would certainly be
bad policy for the Republicans as party
to oppose an effort to increase the revenue
along the lines of the Dingley Dill There
is nothing TO prevent President=elect Nc
if the Dingley bill be passed. to frame a
tariff on Republican lines.
HARDLY SATISFACTORY.
Mr. Dolliver, member of the ways and
means committee: 1.-The Presidents treat
ment of the Cuban question is hardly salts
factory, either to those who desire to see
Cuban independence recognized or the class
who desire the United States TO keep clear
of foreign disputes. Mediation by the
United States would be in the direction of
a settlement honorable to all parties, but
the Presidents hint of what likely to
happen in case mediation be refused is a
little too mysterious for practical purposes.
The Presidents views on revenue and the
tariff seem to be taken from an assortment
Of previous opinions once current, at least
in the White House and Treasury Depart
ment.
Mr.. McMillin member of the ways and
means committee, said: Il agree with the
President in seeing no immediate necessity
or excuse for the Increase OF tarin duties
The surplus on hand, outside the gold re-
serve, with strict economy, probably will
meet all deficiencies in revenue for more
than half of Mr.. McKinley's administra-
tion, and possibly for the full four years
To increase the tax on the necessaries of
life in order either 70 squander or perma-
nently hoard this surplus Is wholly mex
cuSable. i have not beiieved heretofore
nor do L now, that the Presidents recom-
mendations for retiring greenbacks and
putting in their place either short or long
term bonds bearing either a high or low
rate of interest, Is remedy Tor our Ills.
ms would eltner permanently W teIl-
porarily reduce the currency, and that Is
no remedy for hard times.
Mr. DalZell member of the ways and
means committee The message Is q very
fair one in its treatment OF routine matters
in the departments. 1t gives us no addi-
tionaI light on Cuba. The President as
sumes from his information-which is no
doubt reliable-that the insurgents have no
claim to possess a government or a capi-
tai. If this be true, they are not entitled
to recognition as belligerents, and IL follows
that they certainly could not be recognized
ment of the tariff the President is a little
unfair in judggling with figures he un-
dertakes to compare the operations or the
Wilson bill one year with the same bill an
other year, instead of with another Dill.
He thinks the Wilson bill Is now or a higher
character than it was when he refused to
sign il. He seems to fear that the country
may have too much revenue and become
extravagant: fear in which the people
will not join him.
Representative Walker, chairman Of the
committee on banking and currency: THE
best message President Cleveland has ever
written. What he says about the weakness
and the viciOuSneSs of our fnanclal meth
eds is stating it mildly. and ought to prompt
the commercial organizers ana bankers OF
the country to come to theSassistance OF
the banking and currency committee with
a bill carefully prepared that would remedy
the evils admitted 10 exist by every
thoughtful financier."
Representative Lacey: President Cleve-
land is evidently anxious to pass the Cuban
no real solution of the question embraced
| in his message except that Spain had bet
| ter sell Cuba before the property IL all de-
stroyed."
AT M'KINLEY'S HOME.