The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-12-07

states notes-a NEUTRALITY-SUSPICIOUS. debt.
surely u should not pay Thorn out again except
on demand and for gold. II they are put out in
any otner way, they may return again. to DO
foilowed oy another bond issue to redeem them
another intorest-bearing debt to redeem n nom
nterestoearing debt. In my view II ia Of the
utmost Importance that the Government
should DO relieved from tho burden Of
providing all the gold required for exchanges
ana export This responsibility 10 alone borno
by tho Government without any Of the usual
and necessary banking powers to help itself.
Tho banks do not feel tho strain of gold redemp-
ton. Iho whole strain rests upon tho Govern
ment' and the size of tho gold reserve in tho
treasury has come to be. with or without
reason, the signal OF danger or of security. This
ought to 10 stopped.
II We are to have an era OF prosperity in the
country, with sufficient receipts for the eI-
penses OF the Government, we may feel no i'm
mediate embarrassment from our present cur
rency; but the danger still exists, and will DO
ever present, menacinR us 30 long ss the exist
ing system continues. And, besides, IL is in
time OF adequate revenues and business tram
GUILTY. that tho Government should prepare for
tho worst. We cannot avoid. without serious
consequences. tho wise consideration and prompt
solution Of this question.
%sEoRETARY CAGES PLAN.
Tho Secretary Of the Treasury has outlined q
plan in great detail for tho purpose Of removing
tho threatened recurrence Of q depleted gold re-
serve, and save us from future embarrassment
on that account To this plan 1 invite your
careful consideration.
Iconcur with tho Secretary OF the Treasury In
his recommendation that national banks DO
allowed to Issue notes to the face value OF the
bonds which they have deposited for circulation,
and that tho tax on circulating notes secured by
deposit OF such bonds be reduced to one-holf OF
1 per cent. per annum. also join him in recon-
mending that authority DO given for the estab-
iishment OF national banks with a minimum
capital OF $4,000. This will enable the smaller
villages and agricultural regions OF the country
to be supplied with currency to meet their needs.
recommend that the issue OF nationalbank
notes DO restricted to tho denomination or $40
and upward. II the suggestions 1 have herein
made snail nave the approval OF Congress, then
1 would recommend that national banks DO
required to redeem their notes In gold.
THE CUBAN PROBLEM.
tn. mo,t ,mnortant nrob,cn Nth vh,oh th,,
eovsrnment AZ NOW called mon % d.., nor,aIn.
inc IN n. forcirn r~sI.tions conc.rns a., drtv
torv.rd sn,in ,rd IN. cnh,n ,n.rrr.o.ion
prohIsm. ard conducive nor. La. n oon,n,on
-,th a.. 49, .r,.t,n. - .sne.a,tsa 81
coy.nrnrt 40 ror,on, t,,,., =, ~. go m.
storv =, Crh, for 49, 80. H.. 49,
on. - rnr.... rrowIns sI.as,a. ~
90. t,-..s -. ..i-..st ~ it,
"a ..Ie.ont,,I. =, s.ssa;.ss .s...c ~
49, wat..s oaossi W
"a .r,sr. 90 ~, n.1ne.ua,. ..n.n.at ~ hs
,oIIowoa ~ r.n.M.d n.woIt r. onsnysS
S.-tas -. 49, s.s."z.s LNu.I
n.rtoI no.s.,.,ons ~ sn.,n a. az yyo.t.rn 60
t,n.ntha. ~. .ons;.,on :, c,,. - ~ =.
ST. .o-s.s Gu. ~. asn.~s a.ao.r~ 80
49, go. ~ ''
III ..sasss
-. -, Sn.,s,. 80 - ~. -, ~. a..
noIIt,o., rio,.s,.nJo. "a anb.s.s..m.a ~
49,. CSH""SNH" - 80" VI
- g." 80
49,. 1000 - Iaeo ro"on. "m
sss,.ssaass 80. .esoS A. 49, go
sa".-,. - 60.
S,th snain ,nIa.., a. tha s,,.ot;on. - inasasna
49,. ~ .a,n,.,.,.n -. .h~sn.h .n...N.
80. 80 49, ,..as al. $500
LIT" 49, ~ ..n.n =. az .n.S
m. raroI,.ton n,h,ah 80 T., loco $500
,rt.n 80. dewitt. ~. -. ~
a.. n.nI,.u,.. c..--.S.s -.s
press It. Then. as now, the Government of the
United States specified its grave concern and
offered its aid to put an end to bloodshed in
Cuba. The overtures made by Gen. Grant were
refused, and tho war dragged on. entailing
great loss OF life and treasure and Increased
injury to American interests, besides throwing
enhanced burdens OF neutrality upon this Gov.
ernmcnt. In 1878 peace was brought about by
tho truce Of Zanjon, obtained BY negotiations
Ne 49, H' ~ n.eo."'N'
between the Spanish commander, Martinez de
Ths nrssort irsrrrectior broSo on. ,n r.,r,-
I 1opr e a.. = I, .h,a II ~
airy, 1898. IL Is not my purpose at this time to
recall its remarkable increase or to characterize
its tenacious rcsist,nce against tho onormou.
,e na.to o' e".neI 'no oiho
FORCES masseo against IL oy SPAIN Inc revolt
and the efforts to subdue IL carried destruction
m ey.rv ouarter ~ the t.,and dsv.,,niro v,d.
~ u"- w
proportlons' anu del!inR the eHorts Oh spain TOT
its suppression. The civilized code of war has
becn disrepnrdod no less an nv tho Snon,arda
%'n nv T Is, 0o :.
than oy the cuoans. Inc existing conditions
cannot but fill this Government and the Ameri-
can neonIs With The oray.st onnreh.nsion
m ~ Deop.o - w ppno
There Is no desire on the part or our people to
profit by the misfortunes of Spain. We have
onIv tho des;re IN ses the crbons nro.noror,
VI, ~ ou'"o
and contented. enjoying that measure or self
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