The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1897-12-09
LET CUBA ALONE.
The Presidents Message as
Read In Congress.
GIVE SPAIN MORE TIME.
Redeemed Greenbaoks Should Not Be
paid Out Again Except For Gold.
ANNEXATION OF HAWAII FAVORED.

National Banks should he Required TO
Redeem Their Notes In Cold The
Tariff Deficit Referred TO and the
President Says That Economy In APP
propriations should he Observed He
Thinks That Any Recognition Of the
Insurrectionsry Government In Cuba
Would he Unwarranted at Present.
Reciprocity Negotiations Progressing.
International Arbitration Treaty Urged.
VIII Uphold and Extend tho Civil
Service system-The Pacific Railroads.
Other Matters.
WASHINGTON, Dec. THE presi-
dents messaget to congress is as follows: I:
To the Senate and House Of Representatives:
1t gives me pleasure TO extend greeting
to the Fifty fifth congress assembled in
regular session at the seat of government,
with many of whose senators and repre-
sentatives l have been associated in the
legislative service. Their meeting OCCURS
under felicitous conditions, justifying
sincere congratulation and calling for our
grateful acknowledgements to beDellcent
Providence which has SO signally blessed
and prospered us as q nation. Peace and
and good will with all the nations of the
earth continue unbroken. A matter of
| genuine satisfaction is the growing feeling
| OF fraternal regard and uniacation of all
| sections of our country, the incomplete
ness of which has too long delayed the
realization of the highest blessings of the
| Union. The spirit of patriotism is uni
| versal and is ever increasing in fervor.
oh
| gross us are lifted far above either parts
| anship prejudice or former sectional diff
| ferences. They effect every part of our
| common country alike and permit of no
| division on ancient lines. Questions OF
| foreign policy, of revenue, the soundness
| of the currency, the inviolability of ma
| tional obligations, the improvement OF
| the public service, appeal to the individ
| ual conscience of every earnest citizen to
| whatever party he belongs or in what
| ever section of the country he may re-
side.
The extra session of this congress which
closed during July last enacted important
| legislation, and while it's effect has not
| yet been realized, what 1t has already ao
| complished assures us of its timeliness
and wisdom. To test its permanent valu,
further time will be required and the peo
| pie, satisfied with its operations and re
suits thus far, are in no mind to withhold
| from 1t a fair trial
Views on the Currency.
Tariff legislation having been settled b,
the extra session of congress the question
next pressing for consideration is that o
the currency.
The work of putting our finances upol
sound basis, difficult as 1t may seem
will appear easier when we recall tn
financial operations Of the government
| cin ha Of N
that year we had outstanding deman,
liabilities in the sum of $72S, ,S6S, ,447. Al
On the LIST of January, 1879, these liabili
ties had been reduced to $i43, $3.50, 495. SO
OF our interest bearing obligations, tn
figures are even more striking. On Jul,
/, 1866, the principal of the interest bear
ing debt of the government was 81, ,332,
331, POS. On the 1st day of July, 1898
this sum had been reduced to 1855 1887, 100
or an aggregate reduction of 81 ,747, ,29i,
10S. The interest. bearing debt of tn
United States on the lst day Of Decem
ment money now outstanding (DeCembe
ID consists of $I46, ,6Sl ,0l6 of United State
notes, $107, ,703, ,2S0 of treasury notes is
sued by authority of the law of 1890
1884 963, ,504 of silver certificates and $61,
2S0, 761 of standard silver dollars.
With the great resources of the govern
ment and with the honorable example o
the past before us, we ought not to hest
tate to enter upon currency revision
which will make our demand obligations
less onerous to the government and re
lieve our financial laws from ambiguit,
and doubt.
The brief review of what was accom-
plished from the close of the war to lS9
makes unreasonable and groundless an,
distrust either of our financial ability o
soundness; while the situation from 1880
to 1897 must admonish congress of tn
immediate necessity of SO legislating a
to make the return of the conditions thel
prevailing impossible.
Many Plans Proposed.
There are many plans proposed as
remedy for the evil. Before we can fin
the true remedy we must appreciate tn
real evil. 1t Is not that our currency @
every kind is not good, for every dollar @
1t is good, good because the government
pledge is out to keep it so, and that pledg
will not be broken. However, the guar
anty of our purpose to keep the pledg
will be best shown by advancing towar
its fulfllment.
The evil of the present system is foun
in the great cost to the government @
maintaining the parity of our differen
forms of money-that is, keeping all O
them at par with gold. We surely canno
be longer needless of the burden this i'm
, poses upon the people, even under fairl
, prosperous conditions while the past fou
years have demonstrated that IL is no
| only an extensive charge uDon the govern