Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1897-12-11

tDt ROlu ICeCtNC " tiNih
We have 5000, 900, 600 of currency which
the government, by solemn enactment
has undertaken to keep at par with
gold. Nobody is obliged to redeem in
gold but the government. The banks
are not required to redeem IN goid'
The gvernment Is obliged to keep
equal with gold all it's outstanding. cur
rency and coin obligations, while lts
receipts are not required to be pald IN
gold. They are paid in every KIND OF
money but gold, and the only means
by which the government can WIN
certainty get gold is by borrowing. ~
can get it in no other way when III
most needs it. The government, with
out any fixed gold revenue is pledgeu
to maintain gold redemption, when II
has steadily and faithfully done, ana
which, under the authority now gwen
il, will continue to do.
Pay Out Greenbacks for Goid'
| 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 re-
deemed in gold. such notes shall be
kept and set apart and only paid out
in exchange for gold. This is an obvi-
Gus duty. If the holder of the United
States note prefers the gold and gets
il from the government he should not
receive back from the government a
United States note without paying
gold in exchange for it. The reason
for this is made all the more apparent
I when the government issues an inter
est bearing debt to provide gold Tor
the redemption of United States notes
IA no~n-interest bearing debt surely
it should not pay them out again ex-
cept on demand and for gold. III tney
are put out in any other way they may
return again to be followed by another
) bond issue to redeem hem-anothe
interest bearing debt to redeem a ION
interest bearing debt.
Secretary CAGES Plan.
The secretary of the treasury has
outlined n plan in great detail for the
purpose Of removing the threatened
recurrence of a depleted gold reserve
and save us from future embarrass-
ment on that account. TO this plan !
invite YOUR careful consideration.
| concur with the secretary of the
treasury in his recommendation that
national banks be allowed TO issue
notes to the face value OF the bonds
which they have deposited for circula-
ton and that the tax on circulation OF
! per cent per annum. | JON nm III
recommending that authority be gwen
for the establishment OF national
banks with a minimum capital or so
600. This will enable the smaller vii
lagos and agricultural regions OF the
country TO be supplied with currency
TO meet their needs.
National Bank Notes.
/ recommend hat the issue OF ma
tional bank notes be restricted to the
denomination of SO and upwards. If
the suggestions | have herein made
shall have the approval of congress,
then ! would recommend that national
banks be required TO redeem their
notes in gold.
Foreign Relations.
The most important problem with
which this government is now called
upon to consider pertaining to its for
eign relations concerns its duty toward
Spain and the Cuban instruction.
Problems and conditions more or less
in COMMON with those now existing
have confronted this government at
various times in the past. The story
of Cuba for many years has been one
of unrest and growing discomfort; an
effort toward "A larger enjoyment OF
liberty and self control; of organized
resistance to the mother country; OF
depression after distress n warfare
and Of Intellectual settlement TO be fol
laSlsa .hH. gneswesteifn eJ,nuheansr mas Tn
condition Of Cuba or the policy o
Spain toward Cuba not caused conceri
TO the United States.
Present Insurrection.
The present insurrection broke out
in February, 1895, 1t is not my pur
pose at this time to recall its remark
able increase or to characterize its ten.
acious resistance against the enormou.
forces massed against it by Spain.
The revolt and the efforts to subdue
it carried destruction to every quarter
of the island developing wide proper
tons and defying the efforts of Spair
for its suppression. The civilized
code of war has been disregarded nc
less so by Spaniards han by the Gu
''ip ~ CAiS'ibE NolihIlIoIlS tdlHO1
but fill this government and the Amer
lean people with the gravest apprehen
sion. There is no desire on the part
Of our people to profit by the misfor
tunes of Spain. We have only the de
sire to see the Cubans prosperous ant
contented, enjoying that measure o,
self control which is the inalienabl,
right of man, protected in their right
to reap the benefit of the exhausties.
treasures of their country.
The offer made by my predecessor
in April, 1896, rendering the friendly of
fees of this government failed. ANY
mediation on our part was not accept
+ ed. In brief the answer read: There
is no effectual way to pacify Cuba un
less it begins with the actual submis
sion of the rebels to the mother coun
5 try" Then only could Spain act in tn,
promised direction of her own actor
and after her own plans.
A Cruel Policy.
. The cruel policy of concentration
was initiated February 16, 1896. Tn,
productive districts controlled by tn,
Spanish armies were depopulated. TIL,
agricultural inhabitants were herdet
III ~ "ooul 'hS SdiIisoH W Ole, tDel
lands laid waste and their dwellings
destroyed. This policy the late cabi
net of Spain justified as n necessary
measure of war and as a means of cut
ting off supplies from the insurgents
1t has utterly failed as a war measure
1t was not civilized warfare. 1t was
determination.
War Will MOI BE Prolonged.
In the absence of q declaration OF
the measures that this government,
proposes to take in carrying out its
priffer of good Offices it suggests that
Spain being free to conduct military
operations and grant the reforms
while the United States for its part
shall enforce it's neutral obligations
and cut off the assistance which il Is
asserted the insurgents receive from
this country. The supposition of an
indefinite ~prolongation of the wal is
denied. 1t is asserted that the west
ern provinces are already well nigh