The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-12-07

like and American paper; impressive
and convincing; and one which will
confirm the confidence the country has
in the president.
Senator Burrows-It is q clear, con-
else and comprehensive message. 1t
covers all our national concerns, ma
tional and foreign, treating them with
frankneSS and great clearneSS.
Senator Smith Oem.) while some
Of the presidents recommendations
with regard to the currency may be
we'll enough, it must be evident to him
that at the present time they are i'm
possible of enactment. His reference
to bonds is painfully suggestive of the
inadequacy of the present tariff law,
and while his policy in regard to CUBA
seems moderate 1 hardly think 1t is
in line with the supposed policy OF the
Republican party.
POPULIST OPINION.
Senator Allen Pop.)-I do not care
to enter upon a criticism of the presI-
dents utterances, but will say that 1
fail to agree with him on his three
principal suggestions Of policy. 1 do
not think it possible to secure the cur
rency legislation which he recon-
mends.
Senator Teller (Silver Republican,
don't believe that any legislation will
be enacted authorizing the retention OF
the greenbacks in the treasury until
somebody is willing to pay gold for
them. The radical advocates Of the
gold standard will not be willing to ao-
cept this suggestion nor will the Sill
yer men, so far as I am informed, favor
this disposition of the financial ques-
ton 1t may be that the administra-
ton will be willing to go further to
meet the demands of the so-called cur
rency reformers, but judging from the
utterances Of the secretary Of the
treasury, he will be willing to make
further concessions. I do not believe
that the suggestion for the tying up Of
the greenbacks will meet the approval
of the people, as such a course would
inevitably result in great contraction Of
the currency. Indeed, it looks to me
as if the suggestions of the president
would not be satisfactory to any great
number Of people of any party. The
president is certainly mistaken when
he says that the government is obliged
to retire it's obligations in gold. 1t has
been the policy of the administration
to so redeem, but there is no COM
pulSion on our part.
Senator Pettigrew (Silver Republf-
can)-The president proposes to retire
the greenbacks and in doing so he tries
W USE lAS IIISlllOu NY IL 10
to be accomplished. It is plain that
if the presidents plan is adopted no
more greenbacks can be in circulation
than there is gold in the treasury. Thus
the greenbacks virtually become gold
certificates and will be Immediately re-
tired.
IN THE HOUSE.
Representative Dolliver Rep., Io.)-
The nraSi6ant'C Oa ia a q
conservative statement of the national
situation 1t will meet general popular
approval. AS to the currency question,
the presidents omission to urge in de-
tail the most radical reforms proposed
by Secretary Gage indicates that he
will exercise a good deal Of charity
toward congress If that body should
fail to get together on the question
Representative Grosvenor Rep.,
Ohfo)-The message is an especially
able, clear and satisfactory document
all the way through. The currency dis
cusston will challenge close examina-
ton, and in the end will be found to be
wise and beneficial. The Cuban Sec
ton is frank and patriotic.
Representative Hit Rep., Ill., |
chairman of the committee on foreign
affairs)-The message shows that the |
president has promptly and effectively
acted on the Cuban question in fulfill |
ment of the sentiments he had previ- |
ously expressed on the Cuban struggle
for liberty and the just expectations
Of the country. He has pressed upon
the attention of the Spanish govern
ment the injuries our business inter
ests were suffering, the imprisonment
of American citizens, the barbarous
warfare under WeyIer and need of
change in the mode of government in
Cuba. The result has been the release
Of 1TlY-iC.0 n A
moval and disgrace of Weyler, the end
Of the concentration and starvation
policy, and the presentation of a sys-
tenn of self government largely based
on that Of Canada. When our sugges-
lions have thus all been accepted and
are being carried out in apparent good |
faith, which is shown by the opposi-
ton in Spain, he wisely thinks that
good faith on our part requires that
we let the measure we ourselves sug-
.gested be tried at least until we can |
see whether the Cubans themselves |
will be satisfied. The situa ton is vast
ly different from that of a year ago.
NOT SPECIFIC.
Representative Walker Rep., Mass,
chairman of the committee on bank |
ing and currency)-I fear the message |
is not sufficiently specific and dSes not |
go far enough to relieve the situation |
1t does not recommend that anything |
shall be done until the revenues ex- |
coed the expenditures of the govern |
ment, which may be many months in |
the future, and is far from immediate |
action. Secondly, the recommendation |
that greenbacks be not paid out except |
for gold when once redeemed in gold, |
II enacted into law, would enable enc |
man with $1,000,000 of -greenbacks de- |
handing gold of the treasury and then |
depositing the gold in the bank for |
greenbacks and repeating the process |
346 times, to retire the whole $346, OOG,- |
600 in the time it would take him to |
oscillate between the subtreasury in |
New York and his confederate foreign |
broker. The recommendation that |
banks he required to redeem their notes |
In gold with no other provision of law, |
would cause every bank in the country |
to surrender it's circulation, and then |
what agency would keep the country |
on god basis?
Representative Henderson Rep., Io) |
I am pleased with the presidents mes |
sage because it meets clearly and !
squarely every vital and pressing ques-
ton. On the money question he Is |
clear, stating our situation with mark |
ed intelligence, pointing out our dan
gers and making certain recommends
tons that would certainly, if adopted, |
prevent for the present, at least. dis |
asters that we have experienced in the |
past. On the Cuban question his course
has been active, intelligent, patriotic
and WISE
VERY MODERATE.
Representative Hull (Rep., To-, chair
man of the committee on military
affairs)-The recommendations as to
currency reform are more moderate
than 1 expected, and it may be pos
Sihle for lis to come tne-ether in soma