The Monte Vista journal., 1898-12-10

other way they may ret,arn again, to
he followed by another bond issue to
redeem them,, another. interest bearing
debt to redeem u non-interest- bearing
debt
This recommendation is made in the
belief that such provisions of law would
insure to grenter degree the safety of
the present standard and better pro-
tect our currency from the dangers TO
which 1t is subjected from Il disturb
nnce In the general business conditions
of the country. In my Judgment, the
present condition of the treasury justi-
fies the immediate enactment of the
legislation recommended one year ago,
under which Il portion of the gold hold
ings should be placed In a trust fund
from which greenbacks should be re-
deemed upon presentation, but when
once redeemed should not there: fter
De paid out except for gold.
ut IL not to be Inferred that other leg
islation relating to our currency is not
obvious demand for It,
"The Importance of adequate provis-
ion which will insure to our future n
money standard related rs our money
standard now is to that of our CONNER
clal rivals, is generally recognized.
"The companion proposition that our
domestic paper currency shall be kept
safe and yet be so related TO the needs
or our industries and internal COM
merce as to he adequate and responsive
to such needs is Il proposition scarcely
less Important. The subject. in all its
parts. is commended to the wise CON
sidcration of the Congress-
The subject of. our maritime policy
receives the following notice:
"Thc annexation of Hawaii and the
changed relations of the United Statcs
to cuba. Porto Rico and the Philip
pines. resulting from the war. comppl
the prompt adoption OF II maritime
policy by frequent steamship commu-
nlcntion. encouraged by the United
States under the American nag with
the newly acquired islands. Spain
furnished TO Its colonies. at an annual
cost of about $2OOO.OOO. steamship
lines communicating with Il portion of
the worlds markets. ns well as with
trade centers of the home government.
The United States will not undertak,
TO do less. II is our duty to furnish
the people OF Hawaii with facilities
under national control for their export
and import trade. 1t will be conceded
that the present situation calls for leg
islation which shall be prompt, dura-
BILE and liberal.
"The part which American merchant,
vessels and their seamcn performed
In the war with Spain demonstrates
that this service. furnishing both pick
cts and the second line OF defense. IN
n national necessity and should be en-.
cournged in every constitutional way,
"Details and methods for the accom-
pllshment Of this purpose are dis.
cussed In the report OF the secretary
OF the treasury, to which the attcn
tion OF Congress In respectfully in.
vited."
The following miscellaneous subJects
are mcntioncd:
THE total receipts Of the patent Office
during the past year were sl.oi3..
HS.i4. The expenditures were 81, ,OSl,.
Gi3.lo. leaving II surplus OF SlI2.3l4.G5
AT the close OF the year thirty for
estry reservations. not including thos.
OF the AfognHc forest and the fish cul.
ture reserve. In Alaska. had been ere.
ated by executive proclamation under
section Of the act Of March 3, 1901.
embracing an estimated area OF l..
1l9.I5I acres.
There were on the pension rolls OF
June ~. lSsss. H03.714 names. an in.
crease Of nearly 1900 over the nun.
her on the roll on the same day Of the
preceding year. The amount appro
priatcd by the act Of December D.
lSN. for the payment OF pensions foi
the fiscal yenr lsgs. was &lIO,OOO,OOO
Eight million seventy thousand eigh,
hundred and scvcniy-two dollars ana
Ioriy'six cents was appropriated by the
net OF March II. 1888. 10 cover def.
ciencics In army pensions and repay.
mcnts In the sum OF Sl2.OaO..t3, making
n total Of Sis, ,0S2 So. 20 available for
the payment Of pensions during the fls.
cal year ls.s. The amount dIsburscd
from that sum was xl+I.i5I, ,S10.sD
leaving u balance Of S3.I3l .Olo.g9 un,
expended on June 10. lSis. which was
covered into the treasury. There were
3so names added to the rolls during III.
year by special acts passed nt the sec
ond session OF the Fifty.nrst Congress
making II total Of G,ISi pensioners by
congressional cnnctmosits since 1861.
Join with the secretary Of the navy
In recommending that the grades Of ai.
mlral and vice admiral bc temporarily
revived. to bc filed by officers who
In the war with Spain.
THE several departmental reports
Will bc laid before you. They give In
great detail the conduct Of the affairs
Of the government during the pns,
year aud discuss many questions upon
which the Congress may be called up.
on 10 act.
1T Is our purpose To muster out the
entire volunteer army ms soon MS the
Congress shall provide FOR the Increase
OF the regular establishment. This
VIII !. only nm net of Justice and Will
De much appreciated 10y the brave
men who left their homes and employ
mcnis To help the country IN It's cincr.
gcncy."
in the ycnr 1900 Will occur the cen.
icnnlal anniversary of III" founding Of
the city Of Washington FOR the prrmn.
ncni capital Of the government OF the
United States 10y authority Of mn net
Of Congress approved July III, 1890. In
May, lS,sb. the archives and general Of. |
fees OF the federal government wcrr
removed To this place. ON the l1ih OF |.
No. ycinbcr, 1880. the National Con. |
grcss met here for the first time md ns. |
sumcd exclusive control Of the federal !
district and city. This Interesting |
event assumes NIL the more Significance
when We recall the circumstances nj.
tending III" choosing of the site. the
naming OF the capital IN honor of the
father OF his country and the Interest |
taken by him IN the adoption Of plans |
for Its future development, ON u mag. |
niiiccnt scnlc.
"rhcsc original plans hive been |