The pioneer press. (Miller, Hand County, S.D.) 1893-190?, 1897-12-16

ton Of Hawaii Strongly Urged.
force Autonomy In Cuba--Annex-
alton of Hawaii strongyly Urged.
Washington, Dec. 7-President McKin-
ley yesterday sent his annual message TO
congress, He congratulated it upon as
sembling under felicitous conditions.
Peace and good will with all the nations
or the earth continue unbroken he says
ana we should feel genuine satisfaction
at the growing spirit of fraternal regard
ana uniiication in all sections OF our
country and the lifting of great public
questions above party prejudice.
Beginning with the subject of the finan-
ces, the president says that while the full
erect of the legislation of the extra SEES
SION has not yet been realized. what it
mas already accomplished assures US of
It's Thickness and wisdom. To test it's
permanent value further, time will be re-
quired and the people satisfied with it's
operation and results thus far. are in no
mind to withhold from IL a fair trial
The next question pressing for considera-
ton is that of the currency. With the
great resources of the government and
with the honorable example of the past
before US, we ought not to hesitate to en-
ter upon currency revision which will
make our demand obligation less onerous
TO the government and relieve our finan-
cial laws from ambiguity and doubt. The
eNll or the present system is found in the
great cost to the government of maintain
ing at q parity with gold our different
forms of money, and the experience of
the past four years have demonstrated
that this is not only an expense charged
upon the government but dangerous
menace TO the national credit. 1t is man
itest that we must devise some plan to
protect the government against bond is
sues FOR repeated redemptions. We have
nine hundred millions of currency which
the government by solemn enactment has
undertaken TO keep at par and nobody is
Obliged to redeem in gold but the govern
ment which must borrow the gold. The
law which requires the payment out of
the treasury of redeemed United States
notes demands
Constant Rsplcnishment
of the gold reserve. especially in times
of panic and insufficient revenue. During
the preceding administration S262, 3l5 400
~ per cent bonds were issued and sold
to sustain the gold reserves, and pay the
expenses of the government in excess of
revenue. While il is true that a greater
part Of this is used to supply efficient
revenues. a considerable portion was re-
CURED to maintain the gold reserve. If
no further legislation is to be had, 10 cor
rect this and the policy of selling bonds
is to be continued then congress should
give the secretary of the treasury au-
thority to sell bonds at long or short pc
RODS, bearing a less rate of Interest than
is now authorized by law. The resident
says: Il earnestly recommend as soon IS
the receipts Of the government are quite
sufficient to pay all The expenses of the
government that when any United states
notes are presented for REDEMPTION in
gold and are redeemed in gold. such otes
shall be kept set apart and only PAID out
in exchange for gold. This Is an obvious
duty if the holder of the United States
note prefers the gold and gets it from the
government. he should not receive back
from the government United States
note without paying gold in exchange
for it, That amounts, TO the presi-
dents mind to giving an Understanding
debt. a government bond. for q non-inter-
est bearing debt, a United States note.
The government should be relieved frCm
the burden OF providing all ne sold re-
quired for exchanges and exports. This
ought to be stopped. With an era of
prosperity and sufficient receipts we may
feel no immediate embarrassment, but
the danger will be ever present.
The president invites careful considera-
ton for the detailed plan of the secre,
tary of the treasury to protect the gold
reserve. He concurs with him in the rec
ommendation that national banks be al.
lowed to issue notes TO the face value or
their bonds deposited; that the Circrlat-
ing tax be reduced to one-haf Of one per
cent and that national nanKs nay be
esta blished with capital OF S2oooo: he
also recommends that the issue or ma
tional banks be restricted to the denomi-
nation of $40 and upwards. and that they
be REQUIRED 10 r"deor' their nSt"s IN gold
Regarding Foreign Affairs.
Turning to foreign affairs, the presi-
dent devotes much space in his message
to a consideration Of the Cuban question,
which he says is the most important
problem with which our government is
now called upon to deal in its foreign
relations Summarizing the history of
former outbreaks, the president comes
down to the present instruction speak
nacious existence against enormous
forces massed by Spain, the widespread
destruction of property. and the disre-
gard of the civilized code of war on both
sides. He says these conditions give rise
to gravest apprehensions. There is no
desire on our part TO profit by SPANS
misfortunes, and we have only the desire
to see the Cubans enjoying that measure
of self-control which is the inalienable
right of man. OF the concentration
policy OF weyleF he says: ut has utterly
failed as war measure. 1t is not civil
lied warfare---it is determination"
Against this abuse Of the rights OF war
the president says he had felt con-
the firm and honest protest Of this gov
eminent. He outlines his instructions to
Minister WoodfCrd. which were, In sub
stance, to impress upon the Spanish gov.
eminent the sincere wish of the United
States to lend IT'S aid toward the ending
of the war by reaching peaceful and
last result Just and honorable to Spain
and to the Cuban people. 1t was also
asked whether Spain. OF her own volition,
should not make proposals for settlement,
and it was said that he could not con-
template an indefinite period for the ac-
complishmert OF this result.
Tho Spanish reply to Mr. Woodford
was in the presidents opinion, in the d.
rection Of a better understanding. 1t adj
mitted our friendly purposes and deep in
terest and declared tina the new govern
ment was bound TO a change Of policy
that should satisfy the United States and
pncify Cuba within q reasonable time To
this end political reforms will be put into
effect and military operations conducted
on humane lines. 1t was suggested that
Spain be left free TO conduct military
operations and grant political reforms,
while the United States, for its part,
should enforce neutral obligations and
cut off the assistance which the insur-
gents, il was asserted, received from this
country. Early and complete pacitication
is hoDed for.