The herald., 1897-12-07
BARToLoME MAsso, PRESIDENT

| . ~~sS~ >>Ss
the Imprisonment of American citizens,
the barbarous warfare under Weyler and
need Of change in the mode Of govern
ment in Cuba The result has been the
release of every imprisoned American;
the removal and disgrace Of Weyler;
the end of the concentration and STAR
walton policy and the presentation of q
system Of self-government largely
based on that of Canada. When our
suggestions have thus all been accepted
and are being carried out in apparent
good faith. which Is shown by the oppo-
sition in Spain, he wisely thinks that
good faith on our part requires that we
let the measure we ourselves suggested
be tried at least until we can see wheth-
| er the Cubans themselves will be salts
| fled. The situation is vastly different
| from that of year ago.
Representative Walker, Republican,
of Massachusetts, chairman of the COM
mittee on banking and currency, said,
as to the financial features Of the mes
sage: II fear the message Is not suffi-
ciently specific and does not go far
enough to relieve the situation. 1t does
not recommend that anything shall be
done until the revenues exceed the ex-
pnditures of the government, 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, If enacted into law.
would enable one man with $1,000,000 of
greenbacks demanding 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, 100000 greenbacks in the time it
would take him to oscillate between the
sub-treasury in New York and his con-
federate foreign brokers. The recon-
mendation that banks be required to re-
deem their notes in gold with no other
provision of law, would cause every
bank in the country to surrender its cir
culation, and then what agency would
keep the country on a gold basis?'
Representative Henderson Repub-
lican of Iowa-I am pleased with the
presidents message because it meets.
clearly and squarely. every vital and
pressing question. On the money ques-
with marked intelligence, pointing out
our udHScISS tli0 iAiuAiA6 SSi tdiii ASNOiii-
mendations that would certainly, If
adopted prevent for the present, at least,
disasters that we have experienced in
the past On the Cuban question his
course has been active, intelligent, pa
triotic and wise.
Representative Hull, Republican, of
Iowa, chairman of the committee on
military affairs-The recommendations
as to the currency reforms are more mod
crate than expected 7 cordially indorse
the presidents position as to the Ha-
waiian islands, but cannot agree to his
suggestions as to Cuba.
Representative Bland, Democrat, of
Missouri, the recognized free silver DEM
ocratic leader, said "The presidents
proposition to retire the greenbacks by
holding them in the treasury, except for
gold deposits, means contraction Of the
currency to the amount of the green
backs so impounded. His statement of
the situation as to international bimet-
allism will not be accepted in earnest by
anybody. There are few serious inter-
national bimetallists, but among them
suppose the president may be classed
as one. The message on all subjects
sounds apologetic and like an affidavit
for continuance"
Representative Cox, Democrat, Of
Pennsylvania, the ranking Democratic
member of the banking and currency
committee-The message in regard to
the currency, in my judgment, is an utter
failure. If the policy advocated was
carried out into law, 1t would result only
in the contraction of the currency. I'm
der the arguments made by the presi-
dent, it would be the duty of the gov
ernment to redeem silver in gold on the
application of the holder of silver as
readily as 1t does the United States notes,
so If every paper dollar of the govern
ment was retired, the raid could be
made on the treasury just as well with
silver. In regard to the recommends
tions as to banking, they are of such q
character that no business bank would
do any business under such a law.
WHAT BRYAN THINKS
GALVESTON, Tex, Dec. 6.-Hon.
william ]. Bryan reached here today and
left with a party of friends for Lake
Surprise to hunt ducks. The party will
be gone three or four days. Mr.. Bryan
expressed himself as follows on the pres
ident's message:
'The message indicates an intention
upon the part Of the president to aid In
turning the issue Of paper money over to