The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1897-12-09
republicans the democrats ought to win
in 1898 and 1900 hands down."

republicans the democrats ought to win
in 1898 and 1900 hands down."
Representative Cox (dem.) of Tennes-
see, the ranking democratic member of
the committee on banking and currency
| The message in regard to the currency,
| IN my Judgment, is an utter failure If
the policy advocated was carried out
into law 1t could only result IN the
contraction of the currency. Under he
arguments made by the president 1t
| would be the duty of the government
| to redeem silver In gold upon the appli-
cation of the holder of silver as readily
as 1t does the United States notes. So
II every paper dollar of the government
was retired the raid could be made on
the treasury just as well with silver.
| In regard to the recommendations as to
| banking, they are of such n character
that no bank would do business under
| such law"
Mr.. Cannon, chairman of the COM
mittee ON appropriations, said II am
much gratified with that feature of the
presidents message in which he said:
| 1T is commanding duty to keep the
appropriations within the revenues of
| the government and thus avoid q de-
| hciency.' The suggestion is particularly
| timely"
Chairman Dingley of Maine said:
The message Is practical state pa
per which will be generally approved.
The president presents some excellent
| practical suggestions as to the currency
What the president says relative to
Cuba, will, / have no doubt, meet the
hearty approval of the best sentiment
of the country"
Representative Hit (rep) of Illinois,
| chairman of the committee on foreign
relations: THE message shows that
the president has promptly and effec-
| lively acted on the Cuban question in
fulfillment of the sentiments he had
previously expressed on the Cuban strug-
gle for liberty. He has pressed upon
the attention of the Spanish government
the commercial disaster to the United
States the war with Cuba has cos. !;
the imprisonment of American citizens
the barbarous warfare under Weyler
and the need of change in the mode of
government of Cuba. The result has
been the liberation of every imprisoned
American. the removal and disgrace Of
| Weyler, the end of the concentration
and starvation policy and the presentn-
ton of a system of self government
largely based on that of Canada. The
/ of year ago."
Representative Walker of Massach L
sets. chairman of the committee on
banking and currency, said: 81 fear the
message Is not sufficiently specific and
does not 20 far enough to relieve the
| situation. 1t does not recommend that
anything shall be done until revenues
exceed the expenditures of the govern
ment which may be many months in
the future, and is far from immediate
action. Secondly, the accommodation
that greenbacks be not paid out except
| for gold when once redeemed in gold,
If enacted into law. would enable one
man with S1,000000 of greenbacks de-
manding gold of the treasury and then
depositing the gold in the bank for
greenbacks and repeating the process
BAG times to retire the whole S3t6,OOO,
coo in the time 1t would take him to
vascillate between the sub-treasnry in
New York and his confederate foreign
broker. The recommendation that
banks be required to redeem their notes
in gold with no other provision of law
would cause every bank In the coun-
try to surrender it's circulation, and then
what agency would keep the country on
a gold basis?'
Mr.. Richardson (dem) of Tennessee
said "The message il wholly disap-
pointing to the country. Nothing prac-
teal for financial Improvement Is recon-
mended."
Mr.. De Almond of Missouri said:
"The message should be received with
more favor in Spain than In the United
States And the masses of our people
can not fail to find in 1t the cautious
disclosure of president to retire the
greenback, extending national banking
promote recommendation and defeat BIZ
metallism. The most notable thing
about it is the timid advance toward
the open advocacy of policies which the
American public condemns