The Denison review. [volume] (Denison, Iowa) 1867-current, 1898-12-06
Presidents Message,
CONTINUED From h'rd Page.)

'oosuoiito Wiououbhos
Continued From h'rd Page.)
propriate 10 the case. Marships have
been stationed at lien Tsin for more
ready observation of the disorders which
have invaded even the Chinese capital, SO
as TO be IN IL position TO act. should need
arise, while guard of marines has been
sent to Pekin 10 afford the minister the
same measure of authoritative protection
as the representatives of other nations
nave been constrained to employ.
Good Feeling Toward England.
Our relations with Great Britain have
continued on the most friendly footing.
Asserting to our request, the protection
OF Americans and their interests in Span
ish jurisdiction was assured by the diplo-
matte and consular Representatives of
Great Britain, who fulfilled their delicate
and arduous trust with tact and zeal,
e!iciting high commentator. may be
allowed to make fitting allusion to the in
stance of MIR. Ramsden, her majesty's
consul at Santiago de Cuba, whose un-
timely death, after distinguished service
and untiring effort during the siege of
that city, was sincerely lamented.
LIZ will give me special satisfaction l.
you favorable conclusion of the pending
negotiations with Great Britain in re-
spect to the Dominion of Canada. 1t is
the earnest wish of this government to re-
move all sources of discord and irritation
In relations with the neighboring domin-
ion. The trade between the two countries
Is constantly increasing and it is impor
tant to both countries that all reasonable
facilities should be grained for its develop
ment.
The government of Greece strongly
urges the Onerousness of the duty here
impose upon the currants of that
country, amounting to 100 per cent or
more Of their market value This fruit is
stated to be exclusively u Greek product,
not coming into competition with any do
nestle product. The question of recipro-
cal commercial relations with Greece, in
Guiding the restoration of currants to the
free list, is under consideration.
Now Relations With Hawaii.
Pending the consideration by the senate
OF the treaty signed by the plenipoten-
tiaries of the Unlled States and of the re-
public of Hawaii, providing for the an
nexation OF the islands,, Il joint resolution
to accomplish the same purpose by ac-
cepting the offered ces>ion and incorpor-
ating the ceded territory into the union,
was made by the congress and approved
July z, 1898, thereupon directed the
United States steamer Philadelphia to
convey Rear Admiral Miller to Honolulu
and entrusted to his hands this import
ant Legislative act to be delivered to the
president of the republic of Hawaii, with
whom the admiral and the United States
minister We're authorized to make appro-
pirate arrangements for transferring he
sovereignty of the islands to the United
States. This was simply but impressively
accomplished on Aug. IL last by the de-
livery of u certified copy OF the resolution
to President Dole, who, thereupon, yielded
up to the representative Of the govern
ment of the United States the sovereignty
and public property of the Hawaiian ISL
ands.
Pursuant to the terms of the joint reso-
luton, and in exercise of authority
thereby conferred upon me, / directed
that the civil. judicial and military
powers heretofore exercised by the offic-
ers OF the government of the republic of
HAwail should continue to be exercised
ny tn ,se OincerS until congress shall pro-
vide Il government for the incorpui ,etl
terrlsuly subject TO my power 10 remove
Sucit olilcec. and to iii vacancies The
President. officers and rrooLs CT the re-
puplic thereupon book he oath of allie
glance to the United ,-;..res. thus proviii-
ing for the uninterrupted continuance of
all the administrative aud municipal
functions Of the annexed territory until
congress shall otherwise en.vt.
Operations nf the Treasury.
The secretary of the treasury reports
that the receipts of the government from
al sources during the fiscal year ending
June 30, 1898, Including xS4, 75l, 1923 re-
ceived from sales OF Pacific railroads,
amounted to $905,3 $50, and its expendi-
tnres to $44s, 36s, 5S2.
lit is estimated upon the basis of present
revenue laws that the receipts of the gov
eminent for the year ending juno 80, 1899,
will be S517S74 ,601, and its expenditures
f5SS, S74 ,641, resulting in a deficiency of
SIP 900.
The provisions made for Strengthening
the resources of the treasury in connec.
ton with the war has given increased
confidence in the purpose and power of
the government to maintain the present
standard and has established more firmly
than ever the national credit at home and
abroad. A marked evidence of this is
found in the inflow of gold to the treas
ury. Its net gold holdings on Nov. /, 1898,
573, l47 on Nov. l, 1897, and net increase
of cash from $2O7, 756, 100 on Nov. 1, 1897,
to $500, 23S, 2275 on Nov. l, 1898.
Recommendations For Currency
renew so much of my recommends
ton of December, 1897, us follows:
That when any of the United States
notes are presented for redemption and
are redeemed in gold, such notes shall be
Kept and set APART and only paid out in
exchange for gold. Thisis an obvious duty
If the holder OF the United States note
prefers the gold and gets it from the gov
eminent, he should not receive back from
the government a United States note
without paying geld in exchange for it.
The reason for this is made all the more
apparent when the government issues an
interest bearing debt TO provide gold fol