Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1903-01-03
WASHINGTON LETTER.

From onr Regular Correspondent.
WASHINGTON, D. C., Jan. i, 1903.


The greatest triumph in the RoOse
welt administration has just been scored
in connection with the Venezuelan
situation. Although the settlement of
the anthracite coal strike has been
brought closer home to the majority Of
the people. the skill and diplomacy
with which the allies have been
brought, first to an acceptance of arbi-
tration as a settlement of their diff
culties with Venezuela, and then to the
acceptance of the Hague Tribunal as
triumph for the President and his Sec
rotary of State The Monroe Doctrine
has been not only maintained but
strengthened, Venezuela is about to be
saved from further hardship and viii
be insured just settlement of the
claims against her and all possibility
of friction between the United States
and either of the interested powers has
been averted.
Once persuaded that arbitration was
the proper course, the allies, doubtless
largely inspired by personal admira-
ton of the President, insisted that he
must act as arbitrator, a course to
which there were many objections.
At no time did Mr.. Roosevelt positively
refuse 50 to act, but he intrusted TO
the sllillful diplomacy of Secretary
Hay the task of making the powers
see that the present situation offered a
most advantageous opportunity of
demonstrating their confidence in the
tribunal which they had themselves
sanctioned and that the imposition of
so onerous a task on the President was
ture. That Mr.. Hay has been emin-
emily successful in this delicate under
taking is proven by the announced
willingness of the powers and of
Venezuela to submit all matters of
dispute to the Hague.
Another and distinct triumph for
the President and the Secretary of State
is to be found in the terms of the
Cuban treaty which have been made
public this week. III return for uni
form concession of 20 per cent. from
the Dingley tariff rates, allowed on
Cuban goods, the United States secures
the same discount on all goods enter
ing Cuba and, in numerous instances,
much greater concessions, the highest
being 40 per cent. on such goods as
manufactured woolens and cottons
rice, watches, umbrellas, etc. SO eX-
tensive are these special discounts that
it is freely admitted they will afford
this country an absolute monopoly of
the Cuban trade. Even with the 30
per cent. off the sugar schedule, the
producers of sugar in this country will
enjoy u protection amounting to one
and one-third cents per pound against
Cuban competition and, as most OF the
sugar growers are producers of other
agricultural commodities they will be
more than compensated for any slight
loss on sugar by the advantages gained
in other lines. The officers of the adj
ministration express confidence that
the treaty will meet with the prompt
approval of the members of Congress
and that it will be ratified within the
stipulated period, the month of Jan
uary.
AMERICA HAS THE MOST GOLD.
The United States treasury will start
the new year with more gold in it's
vaults than this or any other govern
ment has ever held at any one time
| before.
| This announcement was made by
United States Treasurer Roberts this
afternoon. There is now in the treasu-
ry at Washington and in the various
subtrcasuries throughout the country
s6l5,3l9, 367 in gold
These holdings are four times as
much as the present holdings of the
Bank of England, one and half times
as much as the gold held by the Bank
of France, four times as much as the
Imperial German bank holds, and near
| ly twice as much as the Imperial Bank
Of Russia possesses.
/ The stock of gold in the United
States ON Dec. was Sl230,673, 772,
showing n monthly average increase
since the close OF june of S7,6I5,636.
Since the first of January, 1898, there
has been an annual average gain of
Slo7, asa, 639 in gold