Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1898-12-08

silver bullion amounting to sea 35a.sN ~
other forms Of money amounting 10 '4Sl. o03. 90
On the same date the amount Of money Of o.
kinds In circulation. or not included In treas
ury holdings was tl.S368.95 4, an increase 10
the year Of ti6i. IA va Estimating our popu
lation at u, l04.O0) at the time mentioned, tn
per capita circulation wasssh'9 On the sam
date there was in the treasury gold bulliol
amounting to fi3j 5O25i5
The provisions for strengthening the re
sources Of the treasury In connection with tn
war has given increased confidence in the pur
pose and power OF the government To maintail
the present standard and has established NOR
firmly than ever the national credit at hom
and abroad.
renew so much OF my recommendation o
December. 1897 as follows THAT when AM
Of the United States notes are presented fol
redemption in gold such notes shall BIZ kept
and set apart and only paid out in exchange fo
gold This is an obvious duty II the hode
Of the United States nota prefers the gold ant
gets 1t from the government, he should no
receive back from the government United
States note without paying gold in exchange fo1
it, The reason for thi, Is made all the mort
apparent when the government issues an issue
bearing debt to provide gold for the redemp.
ton OF United States noles-a nOn-interest'
bearing debt Surely it 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 follow I'd by another bond is
sue to redeem them, another interesting bear
ing debt TO redeem a nOn-interest bearing DEBT
This recommendation was made in the belief
that such provisions OF law would insure to q
greater degree the safety OF the present stand
ard and better protect our currency from the
dangers to which 1t Is subjected from dis
turbance in the general business conditions Of
the country
In my judgment the present condition Of the
treasury amply justih IS the Immediate enact
ment OF the legislation reeomne led one year
ago, under which d portion Of the gold hold
ings should be placed in trust fund from
which greenbacks should be redeemed upon
presentation, but when onc' re le .med 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 u money stand
that NJ our co,nmsrrInI rivals is yenerallv
rocooui,od
The cornnon,or rroros,,,on that orr domes.
tic paper currency shall be kept safe and yet
ln,srnal commerca as n ha aaennata and n.
.nonsiyo n, ,,,oh nood, 10 :, rrono,i,i,n S,orce-
=, los, ,,rnor,nn, r,ha srn,aa, IN nj, NJ Mans
~ ~ yoommapdad IN no w,sa rons,dara,inn pr the
.on,ross ' W. ~
ma anrev,,,or n, Hawaii and tbe cbanced
relation NJ tho 1rnited s,ateS IN cuba porto
Rico and the pbiljnnines resulting from the
war comnel the nromnt adontion of n maritime
nolicv nv freouent steam ,hip communication
encouraged nv The limited States under the
American fac with the neylv n eouire,l islands
Swain furnished IN its colonies Mt an animal
cost of about - OoD ,CJ steamship lines
world,s ets os ,vel1 nc with trade cen,ers NJ
the home governmant The limited STAT .s viii
N, under,aue ~ do lace n Ia o,,r dn,v IN fur.
riob Tho ,,oorlo n, Hawaii win ,aciljties undor
notional rontro, ,or their avnort and imnort
trade n will ba con, eded that the nrasent
traue IL WIN 10 coh,eoeu vnaV 'ne preseh'
SITUATION caiis ior ieg.s'a',on "n'ch snail W
prohp'' ourapie anu iloefal
lug part winch american ilef'h'h' VESSELS
anu thelr seameh performed IN lhe war WIN
SPAN demonstrates that ohis serViue' iurnish-
ing ooth plckets ana the SECOND inc OF oe-
leose' IS hatlohal necessity ana shou'a Dc en-
courageo IN every constltutiohal way
Detalis ana metnoas ior the accomplishment
OF this purpose are discussed In lae report OF
the secretary OF the treasury 10 Whlcn the az
tentloh OF congress Is Respectfully invited
Investigation ct Yellow Fever,
In my last annual message recommended
that congress authorize the appointment Of
for the purpose OF making syste-
matte Investigations with reference to the
cause and provocation Of yellow fever This
matter has acquired IN increased Importance
Us result Of the military occupation Of the
island OF Cuba and the commtrcial intercourse
between this island and the United States