Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1897-12-08
ceiving. This I regret very much but
positively I cannot spare the time.
Respectfully,
L. d. THOMPSON.
Point, s. c., December 3, 1897.
Mckinley To CONGRESS-.
Message Read In House and
Senate OH Monday.

Presidents Message Read In House and
Senate Oh Monday.
The annual message of President
Mckinley was read to the house and
senate on Monday. 1t is lengthy
document; but entirely devoid of SEN
sation. Indeed, all of the more impor-
taut features of it had leaked out sew.
eral days before the reading, and there
was nothing left in it to occasion sur
prise.
The first question taken up is that
of currency reform. The president
goes into an exhaustive review of the
different bond issues that had been
made, and rs remedy recommends
that as soon as the receipts of the gov
ernment are quite sufficient TO pay ex-
pensesIof the government, that when
any United States notes are presented
for redemption in gold and are re-
deemed in gold, such notes shall he
kept and set apart and only paid out
in exchange for gold. elf the holder
of the United States notes prefers the
gold and gets it from the government,
he should not receive back from the
government United States note with
out paying gold in exchange for it,"
The president is in favor of what is
known as the Gage national bank
scheme. On this subject, among other
things, he says:
,.,ifh no n
treasury in his recommendation that
national banks be allowed to issue
notes 10 the face value of the bonds
which they have deposited for circula-
ton, and that the tax on circulating
notes secured by deposit of such bonds
be reduced to one.half of one per cent.
per annum. 1 also join him in recon-
mending that authority be given for
the establishment Of national banks
with minimum capital of $25, 900.
This will enable the smaller villages
and agricultural regions of the coun-
try to be supplied with currency to
meet their needs. recommend that
the issue of national bank notes be
restricted to the denomination of $40
and upwards. If the suggestions l
have herein made shall have the ap-
proval of congress, then l would rec
ommend that national banks be re-
quired to redeem their notes in gold"
Next, there is lengthy discussion
of the war in Cuba as the result of
which be concludes
II regard the recognition of the bel.
ligerency Of Cuban insurgents as now
unwise and, therefore, inadmissible.
Should that step hereafter be deemed
wise, as a matter of right and duty,
the executive will take it," Of the
concentration policy of Weyler, he
says: at has utterly failed as war
measure. 1t is not civilized warfare
| it is exterminating." He says forcibly
annexation cannot be thought of as
that would be criminal aggression.
The relations between the United
States and Hawaii are dealt with at
length, and the president expresses
himself as emphatically in favor of
the annexation of the Hawaiian is
lands, giving the inhabitants full rights
of American citizenship.
The president says of the inter-na-
tional monetary commission that, not
withstanding dilligent efforts, the en-
VOWS have failed 80 far to secure an
agreement. Qualification is expressed
/ at the action of France in this matter,
in joining in our efforts, and it is said
that the negotiations are still pending.
Meanwhile, the ENJOYS have not made
their final report, believing that the
doubts raised in certain quarters res
pecting the feasibility OF maintaining
parity between gold and silver may yet
be removed.
In concluding his message, the pres
ilent promises to uphold the civil SER
vice laws, and makes the usual rec
ommendation as to reduction of ex-
DenSes etc