The times. [volume] (Richmond, Va.) 1890-1903, 1898-12-06
SOME RECOMM ENDATl0NS.
Redemption of observation-disclosures
for Currency Legislation.

The President says that the newiy-ac-
credited envoy of the United States 10
the Ottoman Porte carries lnsrucuohs
leaking to the disposal of matters In con-
troyersy with Turkey for number Oh
years. -, ~.
Abiding to the financial affairs OF the
country the President says, IN part:
1.-THE Secretary OF the Treasury reports
that the receipts Of the Government from
all sources during the fiscal year ehoeu
lime 40. 1898. including t6i. 75l, 223, received
from sale of Pacific railroads amounted
10 siO5. S21. S35, and its expenditures to sh5'-
3es $50.
"It is estimated upon the basis or pres
ont revenue laws that the receipts OF tho
Government for the year ending juno
30 1888. will be $577, 87i,6i7, and It's e1-
perditures s9.S74647. resulting In de-
fciency of Sll2,OOO.0O0.
renew so much of my recommended
ton OF December 1897. as follows;
REDEEMED IN GOLD.
That when any Of the United states
notes are presented for redemption In
gold and are redeemed in gold, such notes
shall be kept and set apart and only paid
in exchange for gold This Is an obvious
duty. II the holder of the United states
note prefers the gold end gets Il from
tho government, he should not receive
back from the government United states
note without paying geld In exchange Tor
il The reason for this is made all tho
more apparent when the government is
sues an interest bearing debt 10 provide
gold for the redemption Of United States
a non-interest bearing debt. IL should not
pay that out again except on demand
and for gold.
If they are put out In any other way.
they may return again. 10 10 followed by
another bond issue to redeem them
another interest bearing debt TO redeem
a non-interest bearing debt. This recom-
mendation was made in the belief that
such provisions OF law would insure TO
a greater degree the safety Of the pres
ent standard. and better protect our Cur
rency from the dangers TO which It was
| subjected from disturbance in the gen.
| eral business conditions OF the country.
TO REDEEM GREENBACKS.
| I'm my judgment. the present condi-
| ton OF the Treasury amply justices the
| immediate enactment OF the legislation
| recommended one year ago. under which
! a portion OF the gold holdings should be
! placed I'm a trust fund. from which green
| backs should be redeemed upon presen;a-
| ton. but when once redeemed should not
/ thereafter be paid out except for gold.
! u, IS not 10 be inferred that other leg
! islatic. relating to our currency Is not
| required on the contrary. there Is an
! obvious demand for IT,
| The Importance OF adequate provision
| that will ensure stability TO our future
| standard related as our money standard
| now is. TO that OF our commercial rivals
| IS generally recognized.
! The companion proposition that our
| domestic paper currency shall be kept
! safe and yet be so related 10 the needs
A.. OF our Industries and internal commerce
/ as 10 be adequate and responsive 20 such
I needs is a proposition scarcely less i'm
| portant.
| The subject In all its parts. is COM
I mended 70 the wise consideration OF tho
| Congress.
| The President says that IN view OF the
| recent acquisition Of the territory by the
, United States there should be establish
! ed regular and frequent steamship COM
/ munication under the American flag with
the newly acquired Islands.
YELLOW FEVER PROBLEM.
In view also OF the increased import
ance OF the proposed formation OF a COM
| mission OF sanitary experts 20 investigate
I the yellow fever problem. owing 10 the
! military occupation Of Cuba. the President
recommends that Congress provide for
/ such a commission.
The recommendation made by the Sec
| rotary OF W AT TOT the increase OF tne
| regular military establishment has the
! Presidents unqualified approval He
| says that IL is his purpose 10 muster out
the entire volunteer army as soon as Con-
gress shall provide for the increase Of the
| regular establishment.
lie recommends the erection % a build
ing for the Department OF Justice and
I suggests also the ACCESSIBILITY OF making
proper provision for the Supreme Court.
He earnestly approves OF the recon-
| mendations OF Secretary Long as TO tho
! increase OF the Navy and recommends
also that the grades OF admiral and vice.
admiral be temporarily revived 10 be
+. filed by officers who have specially cis-
| tineulshcd themselves Ia the war with
J Spain.
The President earnestly urges early leg
islation for the taking OF the 18th census
and legislation providing for the education
of the $1,000 white children Ia The In
dian Territory.