The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-12-07

Gratis If the recommendations therein
contained are adopted by the republicans
the democrats ought to win in 1898 and 1900
hands down
Representative Cox, dem. of Tennessee.
the ranking democratic member of the
committee on banking and currency-Tho
message in regard to the currency Is in
my judgment. an utter failure. If the pol
icy advocated was carried out into law,
il could only result in the contraction of
the currency. Under the arguments made
by the President II would be the duty OF
the government to redeem silver in gold
upon the application of the holder Of silver
as readily as IL does the United States
notes. So, if every paper dollar of the
government was retired, the raid could be
made on the treasury just as well with
silver. In regard to the recommendations
as Go banking they are Of such a charac-
ter that no bank would do business uh-
der such a law.
Mr.. Cannon, Chairman of the Appro-
priations Committee am much grau-
fled with that part of the Presidents mes
sage in which he says: 1T is a command
ing duty to keep the appropriations with
In the revenues of the government and
thus avoid a deficiency" The suggestion
is particularly timely just now.
Chairman Dingley of Maine-The mes
sage is a practical state paper which Will
be generally approved The President
presents some excellent practical sugges-
tons as to the currency. What the Pres
ident says relative TO Cuba will, | have no
doubt meet the hearty approval of the
best sentiment of the country.
Representative Hit, rep. of Illinois,
Chairman of the Foreign Affairs Commit
tee-The message shows that the Presi-
dent has promptly and effectively acted
on the Cuban question In fultinment OF
the sentiments he had previously express
ed on the Cuban struggle for liberty. He
has pressed upon the attention of the
Spanish government the injustice our bus
mess interest were suffering, the impris-
onment of American citizens, the barba-
rous warfare under Weyler and the need
of a change in the mode of government
in Cuba. The result has been the liberia
ton of every imprisoned American, the
removal and disgrace of Weyler, the end
of the concentration and starvation poll
cy, and the presentation of "A system of
self-government largely based on that of
Canda The situation is vastly different
from that of q year ago.
Representative Walker rep, of Massa D..
Chusetts, chairman OF the committee on
banking and currency said as to the finan-
cial features of the message: Il fear tho
message is not sufficiently specific and
does not go far enough to relieve the sit
uation. IL does not recommend that any
cced the expenditures of the government,
which may be many months in the future,
and is far from immediate action. Sec
ondly the recommendation that green
backs be not paid out except for gold
when once redeemed in gold. If enacted
into law, would enable one man with ST.
000O00 of greenbacks demanding gold of the
treasury and then depositing the gold
In the bank for greenbacks and repeating
the process 3i6 times to retire the whole
S34G,O000 coo in the time it would take him
to vascillate. between the subtreasury IN
New York and his foreign broker. The
recommendation that banks be required to
redeem their notes in gold with no other
provision Of law, would cause every bank
in the country to surrender its circula-
tion. and then what agency would keep
the country on a gold basis"
Mr.. Richardson OF Tennessee-The mes
sage is wholly disappointing to the coun-
try. Nothing practical for financial i'm
provement Is recommended.
Mr. De Almond of Mlssouri-The mes
sage should be received with more favor
in Spain than in the United States. And
the masses of our people cannot fail to find
in Il the cautious disclosures OF a purpose
to retire the greenbaoks. extend national
banking, promote gold monometallism and
defeat bimetaillsm. 1t Is weak in sub
stance and wrong In purpose. The most
notable thing about 1t Is the tmid advance
toward the open advocacy of policies which
the American public condemns.