New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-03-04

any lands or the exercise Of governmental jusI
diction over any territory which. after nvssJ
CATION, we have determined Of right to beiad
to Venezuela. In making these recommesAI
| tons 1 am fully alive to the responsibility u
Cured. and keenly realize all the cOnsequescsI
that may follow"
The tone Of the closing passage 81 the AsI
sage caused surprise and excitement. ConCsI
responded promptly to the Presidents recp.I
mendaton and by the 10Th bill approprgI
ing 100000 for the expenses Of the Comntu
sion had passed both houses The folovtJ
were appointed members OF the COmmissioh Il
January !. 1896: David j. Brewer AssociIl
Justice Of the Supreme Court % the CnstgI
States Richard II. Alvey. Chief Justice Of 81
Court OF Appeals OF the District u co!umba
Andrew d. White. Frederic 4 COuder III
Daniel c. Gilman. The Commission crgantsI
with Justice Brewer as chairman. and purgsy
its work diligently during the greater par d
the year.
Negotiations between the United states all
Great Britain. however. were resumed In III
spring. and resulted in the signing u an as'stI
ment on December II for the settlement n
the boundary question. The agreement pvI
yided for an arbitral tribunal 10 determine ID
boundary line between British Guiana AZ.
Venezuela, and rules were laid down 70 soysn
the arbitrators in their ascertainment OF III
facts.
BONDS BONDS. BONDS,
The war scare caused by the Presidents ma
sage on Venezuela affected the stock markell
Of London. the Continent and New-York. aNI
the difficulty Of keeping gold in the TreasurI
increased. BY January 20 the reserve hA|
fallen to S69.GJO.OOO. On that day Mr. cleve|
land sent a special message to Congress askinsI
that body to postpone its holiday recess h'I
do something to allay the apprehension anon
the people In any event he said. the Exe+
tive would use every means in his power v
maintain the country's credit.
On the 10Th two bills dealing with the tan,
and the currency were introduced. The NM
proposed temporarily TO increase the re'e|
nues" and the second TO maintain and pro-
tect the coin redemption fund" The forms
proposed an increase in the tariff duties 90 q
large number OF articles: it passed the HOax|
on the 9th by a party vote. The other OLD 20
thorized the Secretary OF the Treasury 10 rfl
cure coin for redeeming legal tenders oy uR)
sale Of 5 per cent five-year bonds. and to ps|
vide for temporary deficiencies by the issue
three-year 3 per cent certificates OF indeo'o
ness in small denominations. This was pssse
on the 18th by 10 TO 1876. ~ Republicans W
ing against it. In the Senate both bills yer
amended so as to provide for the free coinN
OF silver and then dropped
A new bond issue had been regarded as 70
evitable and on January q call was issued 'f|
bids for 500 900 OF coin 1 per cents ru'
ming thirty years. Bids to the amount OF n0H
than S6S4. 100000 were received on Februa1
). The total amount Of gold received by !"
Treasury was about S111.0oo0oC. Some Of ID
gold to pay for the bonds was withdrawn ir'0
the Treasury itself. and in February The resen'
declined as low as S4J.OO0.00 before the III
fluence of the bond sale made Itself fel, Adv
the middle OF June the final payments under 'D
bond issue were made. but the reserve VAS on'
S1u52D.1?4
There were large Withdrawals ~ gold for et
port and also for boarding because Of the psy
vaing agitation on the subject ~ silver a.. ny
soon after the middle OF july the gold III W.
Treasury was reduced to Sn.orrS Tine W.
York bankers thereupon organized mo'enI.s
to supply the Treasury from their own reserve
with enough gold 10 tide it over until the ''o'.
ment Of crops should put an END 20 'he
portation OF the yellow metal during Tue - 80
ending July - about S2nppen "as ,e 40
by the Treasury in exchange tor Iesa. 'e M
notes. The movement TO sustain the Itess~,
was participated in by banks all over me gov, co.,
try. and was entirely successful IN presensass
another bond issue and allayins the app'e"'
sions OF panic
VARIOUS WORK OF CONGRESS-
In addition to the work Of Congress ai'ee"
mentioned the following may be noted:
provision OF the tariff Law under which A reoS~
OF duty was allowed on alcohol used IN the ~
was repealed. A tax was imposed on the ma"'
facture ard sale OF filled cheese" Divorce "
prohibited in a Territory 10 any applicant hs'"s
less than a years residence therein. The p'F
erty taken from the Mormon church al "
,ra.t
The total appropriations OF the session 80 ~,
$5ij1I9 $50 Two Of the appropriation "a
were vetoed by the President-the River
Harbor bill. on the ground that II tenaea
paternalism and eNtravagance. and the "e" ",.r
Deficiency bill. through disapproval OF CO. .rl
items The veto of the latter ~as sustained ~,
the Objectionable items were dropped s,s.
River and Harhor bill. which approprated y"