The Wichita daily eagle., 1897-12-07

1 Auiy SUGGESTIVE OF Iuc iud0cQuSGy o
the present tariff law, and while nis pol
icy in regard 10 Cuba seems moderate,
hardly think it Is mine with the sup
posed policy OF the Republican party.
:, Senator Allen Pop3-I do not care Z
enter upon criticism OF the president
utterance. but viii say that / fail 4
agree with him on his three principa
suggestions OF policy.
Senator Teller CSilver Rep.)-I do no
believe that any legislation viii be enact
ed authorizing the retention OF tn.
greenbacks in the treasury until some
body is willing to pay gold for them. This
radical advocates OF the gold standart
viii not De willing 10 accept this sugges
ton, nor will the silver men, 50 far as
am informed, favor this disposition Of
the financial question. 1t may be that ths
administration willing to go on further
10 meet the demands Of the so-called cur
rency refo-mers. but. judging from the
uate-anees OF the secretary Of the treas.
ury. he win be willing 10 make further
concessions. I do not believe that the
suggestion for the tying UP OF the green
backs will meet the approval OF the peo-
pie, as such a course would inevitably re-
suit in great contraction OF the currency.
Indeed, il looks TO me as IL the sugges-
tons OF the president would not be salts
factory to any great number OF people OF
any party. The president Is certainly
mistaken when ne says that the govern
ment Is ooliged to redeem its obligations
in gold. 1t has been the policy OF the ad-
ministration 20 50 redeem, but there is no
c7mpulsion on this point.
Senator Pettigrew (Silver Rep.GThe
president proposes TO retire the green
backs. and in doing so he tries TO dis
guise the method in which 1t is TO be ac-
conplished. 1t is plain that if the presi-
dents plan is adopted. no more green
backs can be in circulation than there
is gold in the treasury. Thus. the green
backs virtually become gold certificates
and will be Immediately retired.
Representative Dolliver (Rep., Iowa.)-
| The presidents message is clear and
conservative statement OF the national
situation. As to tire currency questions,
| the presidents omission 10 urge in detail
the most radical reforms proposed by
Secretary Gage indicates that ne will ex-
ercise good deal Of charity toward con-
gress. If that body should fail to get to-
gssher on the question
Representative Hit (Rep., Ill), chair
man OF the committee on foreign affairs
The message shows that the president
has promptly and effectively acted on
the Cuban question. He has pressed up
on the attention OF the Spanish govern
ment the injuries our business interests
were suffering. the Imprisonment OF
American citizens, the barbarous war
fare under Weyler and need of change
in the mode of government in Cuba. The
fosult has been the release OF every
imprisond American; the removal and
disgrace Of Weyler, the end OF the con-
cen ntration and starvation policy, and the
presentation OF system Of self-govern-
ment largely based on that Of Canada.
When our suggestions have thus all been
accepted and are being carried out in ap-
parent good faith. which is shown by the
opposition in Spain, ne wisely thinks
that good faith on our par, requires that
we let the measure We ourselves sug-
gested be tried, at least until we can see
whether the Cu5ans themselves will ba
satisfied. The situation is vastly differ
ent from that Of a year ago.
Representative Walker Rep., Mase.).
chairman OF the committee on banking
and currsncy-I Gear the message is not
sufficiently specific and does not go far
enough to relieve the situa ton. 1t does
not recommend that anything shall be
done until the revenues exceed the ex-
peraitures OF the government, which
may be many months in me future, and
is far from immediate action. Secondly,
the recommendation that greenbscks be
not paid out except for gold, when once
redeemed in gold. IL enacted into law.
would enable one man with 81. 900, 900 OF
greenbacks demanding gold Of the treas
ury and then depo.tting the gold in the
bank for greenbacks and repeating the
process 346 times, to rstire the whole
s345 900, 90 in the time !. would take him
to oscillate between rhe sub-treesury in
New York and mis- confederate foreign
broker. The recommendation that banks
be required TO redeem their notes in
gold. with no other provision Of law.
would c1use every bank in the oount-
Try to surrender It's circulation. and
then what agency would keep the coun-
try on gold basis?
Representative Henderson Rep..
Iowa)-I am pleased with the presidents
message because ii meets clearly and
,quarely every vital and pressing ques-
ton. On the money question. ne is
c.ear, stating our situation with marked
Intelligence, pointing out our dangers
and making certain recommendation
that would certainly, IL adopted, pre-
vent, for the present, al least. disasters
that We have experienced in the past.
On the Cuban question. his course has
been active. intelligent, patriotic and
wise
Representative Hull Rep., Iowa., |
chairman OF the committee on military
currency reform are more moderate than
I expected 1 cordially indorse the presi- !
dents position a. 20 the Hawaiian Is
lands, but cannot agree 10 his sUgge.-
tons as 70 Cuba
Representative Bland Oeu1-, MOI, the !
recognized free silver Democratic lead /
er-Tle presidents proposition 10 retire /.
the greenbacks hy holding them in the /
treasury, except Cor god deposits, means 1
a contraction u the currency % the 1
amount of the greauoacks 80 inpouniei. l
His statement os the situstion as 20 in 1
teTnsti0nal binetallism VIII not be ac- 1
csptei in earnest by anybody. There /
srs few serious International bimetal- !
lists. but among them / suppose the 1
president may be clssSai a. one. TIE 4
message On a. subjects sound apoiozetic, 4
and ike an affiiavIt for continuance.
RepTe=ent stive Cox Dem. Tenn1. the /