Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1898-12-08

| other forms OF money amounting 10 t45I 06S 9si
| On the same date the amount OF money OF al
| kinds in circulation. or not included in treas.
ury holdings, was 81. 1885 i0.h4. an increase fol
tho year OF 8l8I, 7p4 p6d EstlmatinR our popu.
lation at 10 lO4, 900 nc the time mentioned, Tn,
per capita circulation was t2AO9 ON the sam,
date there WINS In the TREASURY gold bullion
amounting TO Bl3j ,5O9BIb
The provisions for STRENGTHENING the no.
sources OF the TREASURY in connection with tht
war has given Increased confidence In the pur.
pose and power OF the government TO maintain
| the present standard and has established more
| firmly than ever the national credit ut home
and abroad
renew 80 much OF nv recommendation OF
December 1897, as follows; "That when any
OF the United States notes are presented for
redemption In gold such notes shall be kept
and set apart and only paid out I'm exchange fol
gold. This Is an obvious duty II tho holder
OF the United States note prefers the gold and
gets It from the government, he should moi
receive back from the government u United
States note without paying gold in exchange for
IT, The reason for this Is made all the more
apparent when the government issues an issue
bearing debt to provide gold for the redemp-
ton OF United States notes--a non-lnterest-
bearing debt Surely II should not pay them
out again except on demand and for gold II
they are put out In any other way they NAV re-
turn again, TO be followed by another bond is
sue to redeem them, another interesting bear
ing debt TO redeem non-lnterest bearing debt
This recommendation was made In the belief
that such provisions OF law would insure to a
greater degree the safety Of the present stand
ard and better protect our currency from the
dangers TO which It is subjected from u dis
turbance In the general business conditions Of
the country
In my judgment the present condition OF the
treasury amply iustlAes the immediate enact
ment OF the legislation recommended one year
ago, under which a portion OF the gold hold
ngs should be placed in II trust fund from
which greenbacks should be redeemed upon
presentation, but when once redeemed should
not thereafter be paid out except for gold
1t Is not to be inferred that other legislation
relating to our currency Is not required. On
the contrary there Is an obvious demand for
1t. The Importance OF adequate provision
which will insure to our future money stand
ard related as our money standard now and to
that OF our commercial rivals Is generally
recognized
The companion proposition that our domes-
tic paper currency shall be kept safe and vet
be so related to the needs Of our industries and
internal commerce as to be adequate and re-
sponsive to such needs is Il proposition scarce
ly less important The subject In all It's parts,
Is commended TO the wise consideration OF the
congress-
The annexation Of Hawaii and the changed
relation OF the United States to Cuba Porto
Rico and the Philippines resulting from the
war, compel the prompt adoption OF maritime
policy by frequent steamship communication,
encouraged by the United States under the
American flag, with the newly acquired islands,
Snnin furnished tn Ifs colonies animal
cost of about S2O00C0O. steamship lines
communicating with portion OF the
worlds markets Us well as with trade centers OF
the home government The United States will
not undertake to do less. 1t is our duty to fur
nish 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 legislation which shall be
prompt, durable and liberal
The part which American merchant vessels
and their seamen performed in the war with
Spain demonstrates that this service, furnish
ing both plchets and the second line of de-
fedse, is a national necessity and should be en-
couraged in every constitutional way,
Details and methods for the accomplishment
Of this purpose are discussed In the report of
the secretary OF the treasury TO winch the at
tention OF congress is respectfully invited
InvestigaClon of yellow Fever.
In my last annual message / recommended
that congress authorize the appointment Of a
commission for the purpose Of making syste-
matte Investigations with reference to the
cause and provocaton Of yellow fever This
matter has acquired an increased Importance
as a result Of the military occupation Of the
island Of Cuba and the commercial intercourse
between this island and the United States
which we have every reason to expect The
sanitary problems connected with our new re-
lutions with th9 island Of Cuba and the acqusi-
ton Of Porto Rico are no less important than
those relating to finance, commerce and
administration. 1t Is my earnest de-
sire that these problems may be con-
sidered by competent experts and that
everything may be done which the most recent
advances in sanitary science can offer for the
protection of the health of our soldiers in those
islands and Of our citizens who are exposed to
the dangers of Infection from the importation
OF yellow fever. l therefore renew my recon-
mendation that the authority OF congress may
be given and suitable appropriation made to
provide for commission of experts to be up
pointed for the purpose indicated.
Increase of the Army.
Under the act OF congress approved April 49,
1898. authorizing the president in his discretion
upon n declaration of war by congress. or n
declaration by congress that war exists. I di-
rected the increase of the regular army to the
maximum of O. OUO authorized In said act
There are now In the regular army 81, s69 off,
GERS and men In said act it was provided that
Mt the end OF any war in which the United
States NAV become involved the army shall be
reduced to a peace basis by the transfer in the
same arm of the service or absorption by promo
ton or honorable discharge under sucn regula-