The Morris County chronicle. [volume] (Morristown, N.J.) 1877-1915, 1898-12-09
.OURNASH|NGIDN SPECIAL
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Secretary of the Navy for an increase in
the military and naval establishments of
the country meet with general approval.
It is not necessarily intended that the
proposed increase of the army to 1907 600
men should be permanent, but it is urged
that this number of men will be required
for some years to come, at Leaf until the
new possessions have become thoroughly
tranquilized and accustomed to American
government. A more powerful and &C
tive enemy than Spain could have given
Us much more trouble on the Atlantic
coast, while the Pacific coast was neces-
sarily left practically in defenseless
condition. Indeed, with great States
bordering on the two oceans, the only
practical plan of defense in war with a
naval power is the existence on each
coast of sufficient number of war ships
to defend those coasts against any posi-
bic attack by an enemy.
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This brings me to another exceedingly
important recommendation of the Presi-
dent, that in favor of the speedy con-
struction of the Nicaragua canal under
the auspices and control of the United
States and under the concessions now
held by the Maritime Canal Company.
The war demonstrated the absolute mill
tary necessity of this waterway connect
ing the two oceans aside from any COM
mercial considerations, although these
latter sufficient in themselves to warrant
the completion of the great enterprise.
~
The President did not attempt in his
message to formulate or even outline q
complete plan for currency and banking
reform. He is known to be favorable to
such reform, but contented himself at
this time with merely repeating his re-
commentator in his first annual mes
sage that the greenback currency when
paid into the treasury for gold, should
be held there subject to be Withdrawn
only on the payment into the treasury of
gold. This plan would prevent that
use Of the greenback in the withdrawal
of gold from the treasury that has been,
not inaptly, designated as ssthe endless
chain" The President recognizes that
this is not a complete reform, but simply
step in that direction. Instead, how
ever, Of submitting plan or policy of
his own in this regard, he has preferred
TO let Congress receive and digest the
reports of the secretary of the treasury,
Of the comptroller of the currency and
of the director of the mint, believing
that then the friends of currency and
banking reform in this and in the fifty
sixth Congress will be more likely to
construct a measure that will cover the
the whole subject of the reform of our
monetary system and which will success
fully meet the criticism Of friend and
foe and merit and receive the approval
and support OF the people OF the whole
country.
nave conVersed with NUMBER OF the
leaders OF Inc Repuolican party IN both
houses OF congress, and they express them
selves that the President need have no
fears on this account. But the question
OF the special session OF the next con-
gress Is matter Tor future determination
Inc PRESIDENT on tuesday transmitted
TO congress the report OF the Hawaiian
commission, composed OF Senators Gull
ium ana Morgan, Representative HIT,
PRESIDENT Dole ana Justice frear OF