The Kimball graphic. (Kimball, Brule County, Dakota [S.D.]) 1883-1905, 1897-12-11

n gold reserve for their redemption.
We have 100000 900 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 gold.
The gvernment is obliged to keep
equal with gold all it's outstanding cur
rency and coin obligations, while its
receipts are not required to be paid in
gold. They are paid in every kind of
money but gold, and the only means
by which the government can with
certainty get gold is by borrowing. 1t
can get it in no other way when it
most needs it. The government, with
out any fixed gold revenue, is pledged
to maintain gold redemption, which it
has steadily and faithfully done, and
which, under the authority now given
it. will continue to do.
Fay Out Greenbacks for Gold.
1 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. II the holder of the United
States note prefers the gold and gets
1T from the government lie should not
receive bac. from the government a
United States note without paying
gold in exchange for it. The reason
for this is made all the more apparent
when the government issues an inter-
est bearing debt to provide gold for
the redemption of United States notes
"a non-interest bearing debt. Surely
it should not pay them out again ex-
cept on demand and for gold. If they
are put out in any other way they may
return again to be followed by another
bond issue to redeem them-another
interest bearing debt to redeem a nom
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 q W us from future embarrass-
ment on that account. To this plan /
invite your careful consideration.
L INC 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. / join him in
recommending that authority be given
for the establishment of national
banks with a minimum capital of $685.
900. This will enable the smaller viii
lagos and agricultural regions of the
country to be supplied with currency
to meet their needs.
National Bank Notes.
I recommend that the issue of ma
tional bank notes be restricted to the
denomination of $40 and upwards. If
the suggestions l have herein made
shall have the approval of congress,
then I 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
eign relations concerns it's duty toward
Spain and the Cuban instruction.
Problems and conditions more or less
~ Will tAoSC lO" CAlollllH
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 and warfare
and of Intellectual settlement to be fol
1N,,-oJ 1,,y ,o,,rJ ,,ro1@ Iro, No ~,
during period since the e%nfranchise-
ment Of the continental possessions of
Spain in the western continent has the
Spain toward Cuba not caused concern
to the United States.
Present Insurrection.
The present Instruction broke out
in February, 1895. 1t is not my pur-
pose at this time to recall its remark
able increase or to characterize it's ten
acious resistance against the enormous
forces massed against it by Spain.
The revolt and the efforts to subduc
it carried destruction to every quarter
of the island developing wide proper
tons and defying the efforts of Spain
for it's suppression. The civilized
code of war has been disregarded no
less SO by Spaniards than by the Gu
bans. The existing conditions cannot
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 and
contented, enjoying that measure of
self control which is the inalienable
right of man, protected in their right
to reap the benefit of the exhaustless
treasures of their country.
The offer made by my predecessor
in April, 1896, tenderingthe friendly Of
fees of this government failed. Any
mediation on our part was not accept
ed. In brief the answer read: "There
is no etfectual way to pacify Cuba I'M
less it begins with the actual submits
sion of the rebels to the mother coun-
try" Then only could Spain act in the
promised direction of her own action
and after her own plans.
A Cruel Policy.
The cruel policy of concentration
was initiated February 16, 1896. The
productive districts controlled by the
Spanish armies were depopulated. The
agricultural inhabitants were herded
in and about the garrison to die, their
lands laid waste and their dwellings
destroyed. This policy the late cabi-
net of Spain justified as Il necessary
measure of war and as n 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 Not Be Prolonged.
In the absence of a declaration of
the measures that this government
proposes to take in carrying out it's
priffer of good Offices it suggests that
Spain being free to conduct military
operations and grant the reforms,
while the United States for it's part
shall enforce it's neutral obligations
and cut off the assistance which it is
asserted the insurgents receive from
this country. The supposition of an
indefinite prolongation of the war is
denied. 1t is asserted that the west
ern provinces are already well nigh
reclaimed; that the planting of cane