The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1898-12-09

1 he provisions made for strengthening
the resources Ut the treasury i'll COnncc-
ton Win the war has given increased
C ,niidnnce in the purpose and power Of
t..c government to maintain The present
Sluliuurd ana mas established more lrmly
than ever the national creuiC at home AMI
i,rr~. ~ marked evidence of this is
nc inflow of gold to the treas
gold h~oldinsson Nov. !, 1898,
o.!UU, us compared with Slo},-
a.. | 1887, and II net Increase
S:U1,1 5 100 on Nov. !, 1877,
10 on Nov. l, 1898.
concentration, For Currency.
iion OF iJccelnDer, 1897, as follows:
hat WnCn any of the Unltud States
notes are presumed TO" redemption and
are redeemed i'll gold, slch notes shall be
Lcl.L and set ~ art and only E..lu ont II
exchangefor gold. Thisi is an obviou,dm,
If lhe hOlter of the United States EO>u
prefers the gold and gets it from tho so>
eminent, he should not receive Lack froC'
the government u United Sta cs notA
without laying gold in exchange for It.
The reason for this is made all The mora
APP aren't when the government issues an
interest bearing debt to provide gold 1o'
the redemption of United States no es-
IL bearing debt. Surely it
should not pay them out again except ON
III al1u y SoIN. L UlSN NlS u
out in any other way they may return
again, to be followed by another bond is
sue to redeem Them, an interest-bcaring
debt to redeem a nOn-interest- Dearing
debt. ...
This recommendation was made in the
belief that such provisions of the NV
would insure to u greater degree of safety
to the standard and protect our cur
rency from the dangers to which it IS sub
jected from ~ dis. urDance in the general
bu mess conditions of the country.
In my Judgment tho present condition
of the trea sury ann ly j%ustifies the immc-
date cnac, mcnt Of the legislation recon-
ton of the gold holdings should be placed
in Il trust fund from which greenbLckS
should be redeemed upon presentation,
hut when once redeemed should not there
after be paid out, except + n gold.
1t is not to be Inferred that other legis-
lation relating to our currency is not re-
quired. On the contrary, there is an OBJ
vious demand for it. he Importance Of
adequate provision which will Insure to
our future Il money standard related a'
our money standard now is to that of our
commercial rivals is generally Iccogni cd.
The companion proposition that our 90
nestle paper currency shall be kept safe
and yet te so relll ed 20 the needs of our
industries and internal III as 10 10
~aCequaica and responsive to such needs is
Il proposition scarcely less important. \ he
subject, in all its parts, is commended TO
the wise consideration of the congress.
More Warship% Advised.
The following recommendations of the
secretary of The navy relative to the III
crease Of the navy have my earnest APP
prevail:
/. Three sea- goirg shcathcd ard COZ.
pered buttleshirs OF ubOut l3,hO tons II iul
displacement. carrying the heaviest arlnor
and most powerful ordnance for vessels of
their class and to have the highest practi-
cable speed and great radius of action.
Estimated cost exclusive OF arnlOr and
armament, $3,LUO. 900 each.
2. Three she.tthed and coppcrcd al.
lnorcu cruisers of lou l2,COO tons trial
displacement, carrying the heaviest arnor
n most powerful ordnance for vessels OF
their class and to have the highest racti'
calle speed and great radius of action.
Estimated cost; exclusive of armOr and
armament, $3,CCO,WO each.
g.. Three Shealhed and corpercd p"O-
tected cruisers Of bou 5000 tons trial dis.
placement, to v the highest practicable
81 crd M great radius of action and to
carry the most powerful ordnance suitable
for vessels of their class. EStir attd cot
exclusive of arlnOr n armament, 81, LOO,
OO each.
4. Six sheathed and corpe?ed cruisers
of about a.5l0 tons trial displacement, "a
have the highest sreed compatible with
good cruising qualities, great radius OF
action and 10 carry the most powerful
ordnance suited to vessels of their class.
Estimated cost, exclusive of armanlent,
$1,141. 800 each.
::oin with the secretary of the navy in
recommending that the grades Of admiral
and vice admiral I've temporarily revived,
to bs filed by officers who have specially
DISTINGUISHED themselves in the War viii
Spain.
More S"Idiers Are Required.
Under the act of congress approved
April Ii. 1SDS, authorizing Tho president
in his discretion, uIon u declaration Of
wal by congress-, or a declaration ly con
gross that war exists, l directed the III
crease of the regular army 10 the maxi
mum of 62 NN, authorized in said act.
4 here are now in the regular army 81,
862 officers and men. In said act 1t wa
provided thai sat the end Of airy wal in
which the United States may become In
vOlved the AMY sh Ill be reduced 10 Il
peace basis by the transfer in the sam,
arm of the service or absorption by no
motion or honorable discharge under
such regulation as the SECRETARY of Wal
may estab;i II OF s"!ernumerary commits
stoned officers and the honorable dis
/ charge or lransfe. of Supernumerafy en-
liste men, and nothing contained in thi
act Shall Q consl rued as authorizing tn
permanent increase Of the command o
5 enlisted force of the regular army heyon'
thar now provided ly the law in fore
pc,pr to the p.tsss~e of this act, except ~
TO the increase of % majors provided 10
In section l hereof.
Yhe imrorrance oil LEGISLATION for tn
pcrmanent incrc.s,.. of the army is. there