The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1897-12-15
THL PRESIDENTS MESSAGE.
A Synopsis of This Important
State Paper.
Currency Reform Recomme n ID lions
and the Affairs of Cuba Given Great
est AtttentiOn-Hawai Annex
alton and other Questions.

and tho Affairs of Cuba Given Great
est Atttention-Hawai Annex.
alton and other Questions.
Washington. Dec. 6.-President McKin-
sex to-day sent his annual annual, message to
Peace and good win with ali the nations
q fee 81 ssS
and notification in all sections Of our coun-
try and the lifting of great public questions
above party prejudice.
The Currency Problem.
Beginning with the subject of the
finances ma the president says that while the ne
OF IL
has already accomplished assures us Of its
timeliness and wisdom. To test its per-
and the people, satisfied with it's opera ton
and results thus far. are In no mind to
withhold from 1t fair trial. The next next
OF the currency. With the great re-
sources Of the government and with the
oas n eaampss Hesitate IT to pa ene
currency revision which will make our
demand obligation less onerous to the
from ambiguity and doubt The evil of the
present system is found In the great cost
to the government Of maintaining at par
and the experience Of the past four yeaIr ears
has demonstrated that this IS not only
s an charge the h
credit. 1t Is manifest that we must devise
some plan to. protect the government
fns we SenS SaSs 6pes II
which the government by solemn enact,
ment has undertaken to keep at par and
the government which must borrow the
gold. The law which requires the pay;
ment o9t OF the treasury OF r eonetant
replenishment Of the gold reserve, especial
iy in time of panic and insufficient revenue.
t2sS. SIS. 400 AZ per cent. bonds were issued
and sold to sustain the gold reserve and
pay the expenses Of the government men me IN ex
deficient revenues. a considerable portion
was required to maintain the go,d reserve;
correct this and the policy OF selling ponds
Ii to be continued, then congress SHOULD
give tire seSretaary OF the m aSorf nerioSs
bearing less rate OF interest tnan Is now
authorized by law.
should Demand Gold In Exchange.
The president says: II earnestly recon-
s ape quite aS ehe to w
when any United states notes are present;
IN n go gold de such notes S shall be kept and
set apart and only paid out in exchange
for gold. This is an obvious duty II the
the gold and gets it from the government
be should not receive back from the gov
sEnment United States note without i pay Pay,
amounts, to the presidents mind. to CIV
Ing an interest-bearing debt, a govern
a United States note. The government
should be relieved from the burden Of pro-
viding all the gold required for exchanges
With an era of prosperity and SUFFICIENT
receipts we may feel no immediate en-
barrassment. but the danger will be ever
The president invites careful considera-
lion for the detailed plan Of the secretary
serve He concurs with him in the rec
pmmendation that national banks be al.
lowed to issue notes to the face value OF
Ing tax be reduced to one-half Of one per
cent? and that national banks .ss may ma 5e
bank notes be restricted to the denomina-
lion Of ten dollars and upwards. and that
they be required to redeem their notes in
The Cuban situation.
Turning to foreign affairs the president
devotes much , space IN his message to
he says Is the most important problem
with which our government is now called
iSing s the history Of the former Outbreaks,
he president comes down to the present
instruction, speaking of its remarkable
enormous forces massed by Spain, the
widespread destruction ,1'.. Of property and the
both sides. He says these conditions
rive rise to the gravest apprehensions.
There Is no desire on our part to profit by
sesire to see the Cubans enjoying that
alienabie 1ghs 81 nam 81 the eeneen-
utterly failed as a war measure. It is
not civilized warfare-it is determination"
Against this abuse OF the rights Of war
honest protest Of this government: He
ford. which We're in substance to impress
wish Of the United states to lend its aid
and lasting result just ana
honorable to Spain and to the Cuban peo-
pie. 1t was also asked ke5,,X whether dt Spain on
posals for settlement, and 1t was said that
we could not contemplate an indefinite pc
Rod for the Accomplishment OF this re-
The Spanish Reply.
The Spanish reply to Mr.. Woodford was.
in the presidents opinion. in the direction
Friendly r. 'e purposes and deep interest and and
declared that the new government was
bound to change OF policy that SHOULD
within a reasonable time. To this md
political reforms will be put into effect
and military operations conducted on hui
be left free to conduct military operations
and grant political reforms while the
Neutral obligations and cut off the assist
ance which the insurgents, 1t was asserted,
received from this country, Early and
complete pacifcation is hoped for
The president declares that the Spanish
disposition to charge us with failure to
meet international duties ties is baseless. and
made at the cost of millions and by the
employment of the administrative machn-
He also says that the fact that no mill
tary expedition or armed vessel has left
our shores has been automatically rep
resanfed with Spain. Promising that
thronehout all the horror and danger to
our own peace the United States has 4. meyer yer
"a re Cuba. the president points out that
Of untried measures there remains only: