Phoenix weekly herald., 1897-11-25

dCIBS all the time. Ge snEseStS bba she agricultural colleges, endowed b II Cougrsee. gre graduating men who TT ? fitted to properly pefform the duties 0
 agents of the department in foreigl . countries.
 POLITICIANS and people generally wh t are following the movements Of Con . grsss closely are discussing with muci - interest the probable length of the com ing session Of Congress-. The hope i! expressed then that the session msy
 oot exceed six months, but the opinion IS slsolgenersl that it will depend sn tireIy upon circumstances. F no fnsn-
 cigl legieletioa is ettsmp mpted, It will be comparative easy to complete the busi- nsas of the session by the first of June,
 possibly as early as thu fist of Msy, as
 DO time will have to be lost in organiz
 ing and selecting the House committees,
 as is usual at She beginning of the long session; but if fnaUoisl legislation of importance is to be put through the
 House Bod to be attempted in the
 Senate, every body mey ss well make up
 shsir minds to an extended siege, with probable failure in the end. Knowing | the situation in the Senate, many Rs-
 poblicgns favor letting financial legisls-
 tion sloue until 1t is certain that some-
 tning can be eccom plighsd. They
 argue Shat the agitation thst would
 necessarily accompany an attempt to legisIate on the sutj=ct would hurt business and could do 10 good.
 ATTORNEY GENERAL MoKENNA figures out total saving of 25.OOO,O0O to the people of the United Ststee by reason of 5he frm menner in which President Nick snIey insisted upon maintaining she rights of the people in all his deal- figs with the bidders for the puFchass Of the Union Pacific Railroad The f1nsn- cieFs knew shat they would have to pay mora for the roed in order to get the sanction of the administration So the sale than they had offsred in their negotiations wish the Cleveland admins istratIon. Their first offer was about SI2,OO0,OO0in in excess of the one they made to the last administration, and to that they were forced by President Mc- Kinley's .frmness to add $13.000,OO0 more in order to reach the total amount of the roads indebtedness to the gov ernment, wAich WAS the limit set by the President. When the future historian sums up the notable accomp mplishments of the Mckinley administration this Union Pacific business will occupy conepicu- ons place. It Is in fact great achieve mens-perhsps one OF the greatest in our civil history, and is an object les son that might bs studied with profit by those state, municipel and country authorities who are constantly allowing the professional finspciers to get the advantage Of the people they represent.
 THOSE who expected Secretary Gsge to make sensational financial recom- mendations in his annual report to Con gFess were disappointed with the con- ssrvstive policy outlined in tbe state menb prepared by him and made public eftsr it was read to the Cabinet He starts out by saying that while the present satisfactory condition Of things financially may continue for sn indefin- ite period, he. deems it the part of wis dom to suggest some reform in our financial system. He recon mmends either tbsS steps be taken to largely in cFease the gold reserve. or to de- crease the sm0uDe Of currency in circulation, for which gold may bs demsndsd and expresses S prsference for the.lstteF; and that the bonded in dsbtedpess of the country be refunded by the Issuing for the entire amount of 211@ per cent. bonds, payable in gold, which would save She country a very large amount of money in the shape of she higher interest that is now being paid. and would, Secretary Gsge thinks, greatly strengthen the credit of the nation. Several amendments to the National banking laws are recommend. ed, with the idea Of largely inorea aeing the amount of National Bank currency Among them being the estsb- lishment of National banks with capital of s25OOo in place of less than g GOO inhabitants, the reduc- tion of taxation on their clrcu lstiug
 notes to one baH of one per cent. per anuum, the privilege to issue notes to
 the par value of the bonds deposited
 with the government, end others more or less technical in nature. Thss Mr. Gsge hasn'6 b=en bissen by the faen- cipI mad dno, is shown by tba FoiIoWip1