Connecticut western news., 1897-12-09

the evil. Before we can find the true remedy we must appreciate the real evil. It Is not that our currency of ev- cry kind Is not good. for every dollar of 1t Is good, good because the govern ment's pledge Is out to keep 1t so, and that pledge will not be broken. How ever, the guarantee of our purpose to keep the pledge will be best shown by advancing toward its fulfillment. The evil of the present system Is found in the great cost to the government of maintaining the parity of our different forms of money-that is, keeping all of them at par with gold. We surely can- not be longer needless of the burden this imposes upon the people even un- der fairly prosperous conditions. while the past four years have demonstrated that it is not only an expensive charge upon the government, but a dangerous menace to the national credit"
 McKinIey's Recommendations.
 In concluding the monetary section of the message. the president says:
 "I earnestly recommend, as soon as the receipts of the government are quite sufficient to pay all the expenses of the government, that when any of the United States notes are presented for redemption in gold and are redeem ed in gold such notes shall be kept and set apart and only paid out in exchange for gold. This Is an obvious duty.
 ''In my view, 1t is of the utmost im- portance that the government should be relieved from the burden of provid- Ing all the gold required for exchanges and export This responsibility is alone borne by the government without any of the usual and necessary banking powers to help itself. The banks do not feel the strain of gold redemption. The whole strain rests upon the govern ment, and the size of the gold reserve In the treasury has come to be, with or without reason, the signal of danger or of security. This ought to be stopped
 "If we are to have an era of prosperi- ty in the country, with sufficient re- ceipts for the expenses of the govern ment, we may feel no immediate em- barrassment from our present curren- ey, but the danger still exists and will be ever present menacing us so long as the existing system continues. And, be- sides, it Is in time of adequate reve- nues and business tranquility that the government should prepare for the worst. We cannot avoid, without seri- ous consequences, the wise considera- ton and prompt solution of this uues- tion."
 The Cuban Question.
 The president discusses at consider able length the various phases of the Cuban question, and says in plain terms:
 'I regard the recognition of the bel ligerency of the Cuban insurgents as now unwise and therefore inadmissible. Should that step hereafter be deemed
 
 the executive will take 1t. Interven- ton upon humanitarian grounds has been frequently suggested and has not failed to receive my most anxious and earnest consideration. But should such step be now taken, when it Is apparent that a hopeful change has su- pervened In the policy of Spain toward Cuba? A new government has taken office in the mother country. It Is pledged in advance to the declaration that all the effort in the world cannot suffice to maintain peace in Cuba by the bayonet; that vague promises of reform after subjugation afford no so- lution of the insular problem: that with substitution of commanders mus, come a change of the past system ot warfare for one in harmony with a new policy, which shall no longer aim to drive the Cubans to the horrible alternative of taking to the thicket O, succumbing in misery; that reforms
 must be instituted in accordance with the needs and circumstances of the | time, and that these reforms, while de | signed to give full autonomy to the | colony and to create virtual entity and self controlled administration | shall yet conserve and affirm the sov. | ereignty of Spain by just distribution of powers and burdens. upon a basis o1 mutual interest untainted by methods of selfish expedisncy.