The Portland daily press., 1897-12-07
COMMENTS ON The MESSAGE.
Views of Members of Congress and Others
Regarding Document.

Washington, December 6.-Representa.
tive Dolliver, Republican of Iowa, said
The Presidents message is clear and
conservative statement of the national
situation. 1t will meet general popular
approval.
Representative Walker, Republican of
Massachusetts, chairman of the committee
on banking and currency, said: Il fear
the message is not sufficiently specific
| and does not go far enough to relieve the
situation. 1t does not recommend that
anything shall be done regarding tinan-
cial legislation until the revenues exceed
the expenditures OF, the government,
which may be many months in the fu-
ture and is far from immediate action.
| Secondly, the recommendation that green
backs redeemed in gold be not paid out
| except for gold, if enacted into Law,
would enable one man with 81 ,000 J00 of
greenbacks, demanding gold of the trea-
sury and than depositing the gold in the
bank for greenbacks and repeating the
process 346 times, to retire the whole
$346, 600, 600 in the timo it would take him
to oscillate between the sub-treasuPy 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 country to sur
ISnQ5f ItS ClFCu1dIlUn duQ G1Gn what
agency would keep the country on q gold
basis?'
Chairman Dingley of Maine, said:
The message is a praoticsY state paper
which will be generally approved The
President presents some excellent sugges-
Uions as to the currency. What the Presi-
dent says relative to Cuba will, l have
no doubt. mest the hearty approval of
the best sentiment OF the county,
Senator Hale: 1.-The recommendations
in regard to Cuba ara in all respects
admirable and one with which | am
| much pleased. On the subject of the
| finances, the President does not press for
| immediate action, and as for myself
do not believe that such would be posi-
Bile under the circumstances"
Senator Hoar said sit struck me as
a wise, compact and carefully considered
document. The portion of it relating to
| Cuba is most excellent.
| Senator Chandler said: "I am especial
| ly pleased with the Presidents intention
to maintain policy in the interest of
international bimetallism. [ regret his
opposition to intervention in behalf of
Cuba independence.
Senator Foraker said: GAS whole
the message is an able document, bus
do not agree with the Presidents conclu-
slons on the subject of international law
as applied to Cuba.
Senator Allison said: ri do not take
the despairing view concerning cur cur
reney which the President presents The
recommendations in regard to Cuba are
humane and eonsiderats."
Senator Pettigrew, Silver Republican:
The President proposes to retire the
gIesnhacks and In doing SO he tries to
disguise the method by which it is to be
accomplished -
Senator Teller, Silver Republican, said
- DO not believe that the suggestion
Tor retiring of the green backs will meat
the approval of the people, as such a
course would inevitably result il great
contraction of the currency
Representative Richardson, Democrat
of Tennessee, said: 'sThe message is
wholly disappointing to the country. |
Nothing practical for financial improve |
ment is recommended -
Representative Cox, Democrat of Ten
nessee, the ranking Democratic member |
OF the committee on banking and curren-
cy, said: 1.-The message in regard to the |
currency, in my Judgment, is an utter
failure.'
Representative Bland, Democrat of Mis-
souri,, the recognized Free Silver Demo-
cratic leader, said 1.-The Presid nts
proposition to retire the greenbacks by
holding them in the treasury except for
gold deposits, means q contraction Of the
currency to the amount of the greenbacks
so impounded. +"
LIKE IT IN LONDON.
London. December 1.-THE Daily Mail |
commenting editorially on President Nc |
hinley's message, says: 1T is very salts
factory that President Mckinley comes out
so strong against the jingoes.' -
The Standard says: lhe Spanish |
ministry can sleep in peace.
BRYAN ON TIE MESSAGE.
Galveston. Texas, December 6-Wflliam
>. Bryan reached here today and left with