' ' . - , - y- f _ : _ H. : CT , - PRESIJIENTIAL TALK. ANNUAL MESSAGE O PRESIDENT - ; - DENT CLEVELAND. orcIgn Afl'a1r8 L1Iit3y Touched Upon- ' EeIatfon of United Statwi With Other . rat1on8-A 111tory of the Treasury Difficulty and Eforts Put lrorti ! to Remedy It-Other Subjecti Under D1- cuesloti. The Progldent'g Message. WASnINGTON , Dec. 3.-The following k the Preskient's message : To m CoNuu1ss : OF mu UtTED STArs- .4 fho preont assemblage of the legislative bnnch ef cur govornmot occu at a time . Flien the interests of our people and th needs If the country give special promiuen.o to the ioadition of our foreign rolation3 and the axE- , encie8 of otir national finances. The roporta - , St the several administrative dopartznonts of the government fully and plainly exhibit 'what bas been accomplished within the scope of their espectivo duties and irent such recommend- * tlons for the bottorxnentof. ourcountry's con- . 4ttion n natriotic nod thteligont labor and lbferva tions tuggest. lI therefore them my executive duty ado. . inately performo t at this time by presenting to the ( ' , ocgross the important phases of our utnation as roathd to our intercourse with loroign notions , aud a statement of the fin'n- - tEal problems which confront us , omitting , lxccpt as they are related to these topics , any reference to dopartnwntal operations. I earnestly invite , how3vor , not only the arefnl consideration , but the so'vorely critical crutiny of the Congress and my f1Jow coun. tryinen to the reports concerning these depart- * ontnl operations. If jutIy and fairly enam- mod they furnish proof of assiduous and painstaking care for the public welfaro. I press the recommendations they contain upon . . the respectful attention of there charged with the dny f ] egislation , because I believe their - ¶ .doption would promote the peoples good. ' , It1ssIonary fliots In China. . The dosu of the momentous atruggh btwcen China and Japan. whulo ie1iaing the diplo- - ir.tLc agonis of this govcrnmot frcm the deli sate duty they undo took ct request of both : , ountrios of rendering su : h ervic t o stibjo ts , r either b'Iligercnt within the territory Iilnit3 : ef the other as our neutrai position fermittel , ecclopcd a domestic condition in the CJiir.osa ; znpiro which has caused much anxiety and : , sailed for prompt ; nd careful attention. ' Eitlioras a result of a weak control b , the con- . Lral goornrnent over the provincial adrninis trations. following a dlipinution of talitionnl ; . rovermnatal authoritS'-under the stress of an c ; overw1iming iiatiouI disastorora manifestzi- t.ioa upon g od opporttitiity of the av'rsion of : t : the CIiir.eco popnlation to all foreign way. and , undertakings , thera have occurred in widely . ' teparatod provuces of Cliinzt serious outbreaks . j of the ala far atic t I spir it cgaint foreigners , - . . which , unchekod by the 1oal anthoitics , if not actunfly coanived at by t hem , have culmin- . ted in mob attacks on foreiii missionary . - stations , causing muth destruction of procr- : ty , and attended with penal injurics a5 'w&l i . , * 5 Iosof life. Although hut rno Aiuzican citi.en was reportei to have been actually . wounded. and although the dcstruction of property any have fallen nioro heavily upon r the missionaries of other nationali I s than ourS it plaiul bchoovzd this govezurnent o . . S tatzo the most promp aud de.idcii action to . : : . . iard against similar or rorhaps mom dread- h'S. ful calamities. ; _ ThTo demands of the United States and other ; _ S. powers for the degradation and punishment of the responib1o oIical of the rcpective cities and prc.vino who by neglect or otherwise had - : permitted np-risings and for the adoption of stern moaureS by the Emperor's govcrnrnant for the protection of thu life and property of i ' foreigners. were foflowed by the disgrace and di issal of certain pr3viucial officials found S S ore1ict in duty , and the punishment by deathS of a number of those found uilty of actual S ; participation in the outragcs. This govern- - : meat also insisted that a special Amercart S . ' : rommission should visit tim province where . the first disturbances occurred for the ptrpo.p . . of investigation. This latter commission , .S S formed after much oppozitiOn , has gone over- ' ' ( and Item Tion Tein accompanied by a suitable * Chinese escort , and by its demonstration of Uio cadines and ability of our government to pr - 7 S tect its citizens , will act , it is bcliovcd , as a most nllucntial cterrent of aiiy similar outbcaks. - S The Wallc' Case. r The customary cordial relations betwaca this - country and France have been undisturbed , k with the enception that a full cp1aimtioa of Ihe treatment of John L. Wailer by the expe. - itionaiy military authorities of Frnn& still . . remains to ho given. Mr. Wailer , formerly : United States consul to Tamatave , remamed in ' _ t Iladngac ar aftcr his turn ci office expired ' tad was apparently successful in procurIng . business ccncessicns from the llova , of greater or less value. Mter the occupation of Tama- : tave and the declaration of martial law by the . Frcnchlio was arrested upon various charges , iS S among them , that of communicating military : , lnfqrnation to the ncmy of France , was tried .4 , S end convicted by u military tribunal and S sentenced to twenty years imprisonment. Fol- .i : lowing the course justified by abzndant precedents - ' . ' . : dents , this government demanded from that , ' of France the record of rho proceedings of the 3rench tribunal , which resulted in Mr. "iVal. . ler's condemnation. This request has been complied with to the entent . . - of supplying a copy of the beneficial : record from which appear the constitution and S. organization of the Court , the charges as formulated - _ ; ' mulatod and the general course and result of the trial and .by 'which it was shown that the , : Becused was tried in GCfl court and was de- , ' . fended'by counseL But thq evidence adduced . . S ifl support of the chaiges. which was ziOt to. - , ceived by.ho French mitlibter of fosoign uffatra ' initil tlsefirst week in October , has thus far Q : . been withbed. the Frcnch gnvelnrncn taking . the grnnd that its production in respono to 0 r demand would establish a bad precedent. : The efforts of our ambassador to procure it , however , though impeded by recent changes in S S the French ministry have not bon relaxed and S j jg confidently expected that some sarisfac- . . . tory solution of the matter will shortly be reached. Mcanwhilo it appears that 31r. al- Jar's confinement has oven alleviation which S the state of his healthnnd all the other circurn- . jtanccs of the case demand orpermit. I Trade Comp1IcntonS W1t Germany. "OurrelationWith ho states of th torman emhe are in some aspects typical of a condi- S tion Fhiugs elsowh re found in a country - S whose production and trade are similar to our S ; own. Tip close rh'alry of conpoting indus- S trio ? : the inflnene 01 th delusIve doctrine * , that tint ntrn d dev&oiuuent of a nation is : prom.ted and its wealit incrcas I by a policy k ; wheh , in unIertakin : to rcscVO its own mar- . cets for the excluivo uso'uf its own pro.iucors , : t neccssarily obstruct their als in foreign marS - S kots and prevents free access to markets of the 55 world ; the desire tu retain trade in time-worn c ruts , regardlos of the inexorable lawi of.new S ' ri'eds and changed conditions of demand and . , inppiy , and our own Iislting tariincs in invit- in ; a free exchange of commodities and by this i ; moans imperiling our footing in the cxtcrnal ? ' markets naturally open to us , have created a & situation somewhat injurious to American e - 4 : port interest ; , notozily in Germanvwliere they are pcrljaps nmot notE : eabie , but in adjacent : couutries. .S' The exports affected arc largely .trnorian . ' . ' cattle and other food products , the reason .5 assigned for tmfrtvorablo iliscrimin ttjon icing . that their consumption is deleterious tQ the ) public healtim. This is all the more irritating ' in iew of time fact that no European State is -S _ ; . as j alous of the excellence ansi wholesome- ns.s of its eportcd food supplies as the United Stater nor so easily able. on account of inher. :5' : e'it zounc1flOS % to guarantee tHose qualitics. ; 4 Nor are those difi1cultiscnfinet1 to our food ; products designed f r exportation , Our great : . insurance coinpanto , for cram 'lo having c.S' builtnp a vastbusiness abroad antlinvestod a large share of their gains in foreign ccuntries. 5' S S . . } fl compliance with the locsi laws anJ rorula- S tion hon existing. now find therrsmivcs vitlijn . * narrowing circle of onerous and unforeseen S jonditions , an&aro confronted by the necessity ; : ' ' .f retirement from a field hose made unprofit- ; S able. if indeed they am not summarily cx- - 'r : . 4 pcilod , some of thorn have lately been in : ? S 21a Itisnotto b forgotten that inhmr. _ : b S- . . . - T.\ \ : . . .5- . - ' .7r _ _ _ _ - : - : ; ; _ . ; ; ; ; ' . ' ' ; -T : S - ' nnti-naltraao cannot be one.sfdod. Ita currents - rents are nlthrnaUng and its movements 8hould be honestly reciprocal Without tbi it almost aorosarilydoyoaoratesinto a devio to gain advantage or a contrIvance to recuro with only' the semblance of a icturn. . In our dealings with other nations. we ought to be open-handed and scrupulously fair. This should be our policy as a producing n't. tion , and t picinly bccomnesua as apoopo wIt' love generosity : tnd the moral nspocs of un- tienal goal faith and reciprocal forbearance. These coniiidoraticn , bbould hot however , constrain - strain us o submit to unfair dscrimination nortosientlyacquieseo in r exatioushiridrauces to the onoJmont of our r 112r0 of the legitimate advantaes of proper trade relations. 1 ! an examination of the situation suggests such moaures : on our part as would ivolvo rstric- fions similar to these from 'wldch wo suffer , tire way to such a conr3o is easy ; it shoud , however - over , by no mean4 be lightli entered upon , sincotbo noccssitr for thro ixmuuration of suh a policy would be regretted by the best sentiment - mont of our people , and because it naturally and logically might lead to cnsopuonces of the gravest character. The I3ehrlng Boa Matter. Our relations with Great B iLaia , nlways in' timato and important , have demanded , during the p3st year1 oven a greater share of consideration - ation than is usual. Several vexatious question - tion Were loft undetermined by the decision of the Beliring Boa arbitration tribunal. The ap- pircation of the principles laid down by the august body has not been followed by the to. suits they were intended to accomplish , either bcauso tim principles themselves lacked in breadth and definiteness or boauae their exe- cutton has been snore or loss imperfect.ho understanding by 'which tie Unitd States waste to pay and Great i rEtain to recaivo a lump sumof$2iO in felt sattlomontot all British claim for damags arising from our seizure of British seating yes oL4 unauthorized under the award of the Paris tribunal of arbitration was not confirinol by the last Congress , which do- dined to make the nocessars' appropriat.on I am still of the opinion that thi3 arraug.mtneat was a judicious CflLI advantageous one for the government , and .1 earnrstly recommend'that it b3 again considered and stnctioned. if , however this does nt moat 'with tire favor of Congress , it certainly vilL hardly dissent from tire proposition that the government is bound to every conaideratiolk of honor and good faith to provhlo for the speedy adjustment of these claims by arbitratiow as th only other alterna- tivo. A treaty of arbitrition has. therefore , been agreed upon aim : ! w ill be immediately laid before tb Senat , so that , in one of the motes suggbtoJ , a final settlement may be reached. The Venezuela issue. Itboing apparent that the loundary disputc betvcoa Great Bri.ain and the Rupublitm of Venezuela , concerning th limits of British Guinea , was approaching an acute stage , a definite staeinont of the intcrcst and policy of the United ftate a s regards the controversy seemed to be ruuircd both on its own account and in view of mts relations with the friendly iowers directly c ncornod. In July last. there- . foio , a ( hisLtchwas addresso , ! to oar ambassador - dor at London for communication O the British government in which the attitudn of tiio United ita c-s as fally and distinctly set forth Time general conclusions there reached an. ! formulated - latod are in substance that the traditional and o1tablishcd policy of this govornmoa is firmly opposed to t Uncible increme by any European power of its territorial possessions on this conti- heat ; that this policy is as well founded in principle as it Is strongly supported by nu- morons proedonts ; that as a conseqruno the United Sto3 : is bound to prctest agammist the I en argeinoat , of tie aria of British Guinea n tler.gation oh : the rights and , against the will of Venezuela ; that , contidcring the disparily in itrcngth of Great Brit tin and Venezuela , the territorial dispute between them can be emily sutleti only by friendly and impartial arbitration - tion r.nd that the moort to such arbitration should include tin whole controver3y and is not satilicd if one of the powers couccrcod is permitted to draw an arbitrary line through the territory in debate and to declare tittit it will submit to arbitration only the portion 1yin on one side of'it. In vew of thee conclusions the dispatch in quo.tiou called up 'a the British govcrnncrit for a delinite answer to tim question whetlie it would or WOUI(1 not submit the tern- tonal controvery bet.oon itself and Venezuela iii its dni ety to impartial arbitratien. The aasver of th Ili-itish government hizms not yet been receive t but is expected shortly when' further co nnunication on tito suboct will JL'OI3- qb'y be made to congress. TIre hawaiian Matter. S Early in .Tanuary last an uprising against the government of llawaiia was promptly sup. PrCmcd. Martial law was forthwith pre- claimed and numerous arrests were made of pcmnous suspected of being in sympathy with the Royalist iarty. Among these were several citizens of the Uuitd States , who were either convicted by a military court and sentenced to death , impi isonment on flue , or were deported without trial. Thu ( limited States , while denying - ing protection to those who had taken rho Hawaiian - waiian oath of allegiance , insisted that martial law , though altering the forms of justice , could not supercede justice itself , and demanded a stay of execution until the proceedings had been submitted to this government. end knowl. edge obtained therefrom that our citizens had received fairtrial. . The death sentences were subsequently commuted or were remitted on condition of leaving the islands. The cases oh certain Amnericums arrested and expelled by ax' bitrary order. without formal charge or trial , have had atteiition' in some instances have been found o justify remonstrance and a claim for indemnity , which llawaiia has thus far not conceded. Mr. Thurston , the Hawaiian Minis ter , having furnished this govorament abuud- ant reason for asking that ho be recalled , that course was pursued and his successor has lately been received. Lyncliiiig of Italians In Colorado. Tire dcplorabe l nchin ; of several Italian laborer ; in coiorado : wasnaturshlyfoltowed by international representation and I am happy to siy that the bst cffort of the State in r1'iich thi's outragr's occurred have been put forth to dicovcr and pimisli the authors of this atrocious crEam ' . ihe depeirthat famili 's'ot some of the unfortunate victims iriwite by theis deplorable condItion geacious provision lot their needs. Tlme manifestations against helpless aliens may be traced timrouir st1t'co- sive stazes of the vicious padroni system which un'heckel by our immigration and cortract ] abr statutes , cotros thso workers from the m mont Of landiig on our shore. and larms them out in distant and often rude regious. where tiOir cheapening competiorm in the fields of bread winning toil brings them iii coijision with othie.- labor into-ets. While welcoming , as we m'iiould , those who sock our shores to m'rgo tlicmslvos in i ur body politics and win per onal compotcnc3 by honest ( 'fTort , o can not regard suh mseinblaues as distinctively alien laborethiod out in the mass to the profit of alien speculator ; and shipped hithet . and tuiither as the prcspo t ofgiin may dic- tatd , as otlierws than repugnant to the r ght of our civilization deterrent to individual ad- yanctnciit and hindrances to thu buitding up of tnbl communiths resting upon the wholesome - some ambitions of the citizen and constituting the prime factor in the prospanity and progres3 ofour nati9n if legislation can roach this growing evil it . 'crtainly should ho attempted. Congratulations for Japan. Japan irts furnished abundant evidence ot h'r vast gain in every trait and ch trasteristic that constitute4 a n ations gratness. We have reason for congratulation in the fact that the 'overnmnent of the United States , by the ox. change of hibral treaty stipulations 'with the new Japan , was the first to recognize her won- derlul advancement and to extend to her the conSi Leration and confidence duo to her na. tional enlightenment and progrosrivo char- acter. Samoan Arrangement Unsatisfactory. in my last two annual messages I called the attention of the Congress to the position we occupied as one of t113 parties to a treaty or ngrement by which wo became ointly bound with Englandand Germany to so interfere with the government and control of Samoa as in effect to assume the management of its affairs. On the 0th day of May , l9 I , I transmitted to the senate a special message wIth accompany- lug documents giving information on tho.sub- joctaad emphasizing the opinion I have at nil times entertained that our situation on this matter was inconsistent with the mission and traditions of our government in 'violation of the principles we profess and in all its phases mlshievous and vexatious. I again press this subject upon ; hg attention of Congres and askS C _ -S ' S. . . S - - S. $5' . 'A 1 I - - - for such legislative action or epresslon a3will lead the way to our relief from obiigationa both frkonio and unnaturaL The Cuban itebellion. Cuba Is again gravely disturbed , an Insurrec- Lion in some ropects more active than the inst proceeding revolt , which continued from ISGS to1878. now exists inn 'nrgopart ' of the East. em intoror of the island. menacing oven some populations on the coast. Bcsido4 dangering the commercial exchanges of tim island , of 'which oir country takes the predominant share , this flagrant conditia of hostilities by a rousingsontimontalsymathy and inciting adventurous - venturous Support among our people , has entailed - tailed earnest effort on the pare of this government - mont to enforce obetlenco to our neutrality laws and to prevent the territory of tIre Unite-I biates ( rota bning abused as a vantage ground from which to aid thcs in arms against Spau- ish sovercignt7 Whatever may be the traditional - tional sympathy of our countrymen , as viduals with people who seem to be struggling for larger autonomy and greater froedomn deepened as such sympathy naturally must be In bshalf of our neighbor. Yet the plain duty ef their government is to observe in good faith the reeo5gnizod obligations of international re. t.atioaslilp. The performance ot this duty should not be rnad' moro diflIcult by a disro- 'ard on part of our citirens of the obligations . growing out of their aflegiance to their country - try which ahould restrain thorn from violating as individuals the neutrality 'which the nation of whimhi they are members is bound to observe in its relations to friendly sovereign States. Though neither the warmth of our peoplo's sympathy with the ( uban insurgents nor our toss and material dmnmago consequent upon the futile cndeavor thus far mada to restore peace and order , nor any shock our humane gon4ibili- tie- ' may have rocoivol from the cruelties which appear to especially cliaractorizo this. anguinazy and fiercely conducted war , have in the least shaken the determination of the gov- rnmcnt to honestly fulfill every international obligation : yet , it is [ 5) ba earnestly hoped. on every grounds , that the Aovastation of armed ronflict may sp &lily be stayed and order and quiet restored to the distracted island , bring. Lng in their train the actibiity and thrift of peaceful pursuits. 'Time Tumklsh Troubles. Occurrences in Turkey have continued to exCite - Cite COflCOrfl. The reported massacres of Chris- liais in Armenia and this development there , and in other districts , of the spirit of fanatia hostility t' , Christian influ"ncos. naturally cx- itpd apprehension for tire safety of the devoted men and women 'who , as dcendenth of the for- sign mi-sionary societies in the United States , and reside in Turkey under the guarantee of law and usage and in ths legitimab perform- thee of their educational and religious mission. to efforts have been spared in their behalf and their protection in person and property has been earnestly and vigorously enforced by every means within our power I regrt , however - ever , that an attempt on our part to obtain better information concerning the true condi- Lion of affairs in the disturheci quarter of the Ottoman erniro by sending the United states consul at Shins t o make investigation nd report. was tljwartcd by the objections of the Turkish government. This movement on our part was in no sense meant as a gratuitous vntanrlemont of tire United States in the so- railed Eastern questIon. nor as an officious in- terferenro with the right art I duty which belong - long by treaty to certain great European PoWers , calling for their intervention in pout- ical matters aiTcctingtlro good governmentand religious frcdom or the non-Mussulman sub- jeatsof tire lultan , but it ares ) s1ely from our desire to have an accurate knowledge of the ondtitions in ourciforts to care for those entitled - titled to our proteetton. The presence of our naval vessels which are 'mw in the vi minity of the disturbed localities afford opportunities to acquire a measure of ranmiliarity 'with the CoflhitiOu of affairs and tyjil enable us to take suitable stops for the protection of any interests of our countrymen within reach of our ships that might be found imperilled. Time Ottoman government has .ate1y issued an impoial Irado exempting for- vcr from taxation an American college for in1s at Scutari. Repented assurances have siso been obtained by our envoy at Constantinople - tinople that similr institutions maintained tad administered by our countrymen shall ho tecured in the enjoyment of all rights and [ hit oUr citizens throughout the empire shall be protected. On time demand of our minister orders have I been issued by time Sultan that Turkish soldiers j ball guard and csort to the coast American refugees and those orders have been carried out. and our latest intelligence gives assuranse f time prcCut personal safety of our citizens 'xml missionaries. Thommgim thins far no lives of I Mnerican citizens have .boen sacrificed , there " can be no doubt that serious loss and destruction - tion of mision propOrty imavo resulto. ! from tiotou conflicts and cutrageous attacks. By treaty severI of time most powerful J European powers have secure I a right and as- , ; umed a duty not only in behalf of their own citizens and in furtherance of their own inter- sts. but as agents of the Christian world. Their right. is to enforce such coniuct of the Furkisli government as will restrain fan-itical brutality , and in fact , their duty li to interfere so as to insure against such dreadful occurrences - rences in Turkey as lately shocked civilization. rhr powers declare this right and this duty to be theirs alone , and it is earnestly hoped that ffectivo action on their part will not bo d. layed. _ _ _ _ _ Oun FINANCES. & Subject of the Greatest Importancoto tire American People. As we turn from a review of our foreign relations - tions to the contemplation of our national ( inancial situationwo are immediately aware that we approach a sulject of domestic can- : crn. more important than any other timat can . engage our attention , and one at present in such a perplexing and dhicato predicament as to require lromnpt anti wise treatment. Vkmnaywelt be cnctnrziged to eami st clTert in ihi ; diect1ot when we recall the steps ' 'ilr'aiy taken t .ward improving our economic 'md financi ml situation , and wimento appreciate ( mow vl ! thi way has been prepare-i for further progr3ss by an aroused an(1 intelligent popular interest in these subjecti. By command of the IC0p10. It customs revenue system , designed for time protection and benefit ci' favored classes at the expn U of time great majority of our countrymen - trymen ami tviiirh , vImi o inoffialmnt for the purpose - pose of revcimtte. cur"iil d ocr tra.o ! relations 3nd imneied our ci.tr tTto to the markets of time worli , has oceir supercodo'i by a [ anti i licy 5w rith , in principle , is based upon a denial of time rizht of the government to onstruct the avenues of our people's cheap living or lesron theIr corn- fort-antI contntmnent , fo the sake ofaceording spial advantacs to favorites. and tviiich , while encouraging our interciiuroo and trade with other nations , recogniz the fact that American sclf reliance , thrift and on.enuity , can build up our country's indu4tnies and de- VClOI ) it rosour 'CS mot surely than enervating paternalism. The compulsory purcimass and toinage of silver bt the government unchecked and unregulated by baskets sonditions and heedless of our currenc.r needs , which for more than ilfto2n years diiute 1 our circulating sued- iumundrminedconti dente abroad in our finan cml ability and at last culminated in distress and panic at home has been recently stopped by tire repeal of the laws which forced this reckless tchem upon the cOuntry. The things timus ac- complishe I notwitlmstanding their i'xtrcme importance - portanco and teneficicnt ehect , fell far short of curing the monetary evils Irom whieh we sal- ten as a result of long indulgence in ill advised financial expedionts. The currency denom. mated United States notes and commonly , known as green-backs was isi.ued in largovol nines during the late civil war and intended orimrinallv to meet time emergenc-es of that period. It will be seen by a reference to time debates in congress at the t.mo laws wore passed anthoricing the issue of these notes. timat their advoczrto declared they wore in- tendnd for only temporay use and to meet the emergency ofwar. in nlmost , if ifot all , the laws relating to them , some provision was made contemplating their voluntary or cent- pulsory retirement. A large quantity of them , however. were kept on foot , and minlod with the currency of the countrf. so that at the close of the year 137 ! they anmounted to SSt- 000l& Immediately aftr that date mind in January , isii : , a law was pascd provithng for I the resnmtion of specie payment by which the Sere any of the Trotsury was required , whenever additional ctrca- lation was ismned to ationa1 banks , - ----i---- - S . . S SS . , , - .corotiro united'States nets In equal- amount toSO perccntof such additional National bank circulation until such notes were reduced to $300,000,000. This law further provides that on and after the last day of January , 1819 , the United States notes timen outstanding , should be redeemed in coin , and in order to provide and prepare for such redemption the secretary of the treasury was authorized not only to use any surplus rovenucs of tire ovorumcnt , but to f.ssuo bonds of the United States and dispose of thorn forcoin and to use the proceeds for the purposes contemplated by the statute. In May , 1313 , and before the date thus appointed - pointed for the redemption an I retirement of these notes , another statute was passed forbidding - bidding their further cancellation and retire. meat. Some of them hail , however , been previously - viously redeemed and cancelled upon the issno of additional national bank circulation. as permitted - mitted by the law of 1315. so that the amount outstanding at the time of the passage of the act forbidding their further retirement was SlOd31.)16. The law of I8TS did not stop at dis- tinet profmibitioa but contained in addition the following provision , 'Aud when any of said notes may be redeemed or be received izito time treasury under any law , from any source whatever , and haU belong to the United States , they , hall not be retired , cancelled , or detroyod. but they shall be re-issued and paid out again and ko pt in circulation. " This was the con'iition of affairs - fairs an the 1st day of January , IBItI. which had beoti lixcd upon four years before as the date for enterin upon the redomution and retire- meat of aft those notes , and for which such abundant means had been provided. The gov- eminent was put in the anomolous situation of owing to th holders of its notes , debts payable in gold on demand which could neither be retired - tired by receiving such nctes in discharge of obligationsduo the government.not cancell'd by acthal payment in gold. It was forced to no- deem without redemption andto , pay without acquitt.ance. There has bean issued and sold ,5OOOO of thobonds author zed by time resumption act of 1s75 , the proceeds of which , togetherwith other gold.iu the treasury , create I a gold fund deemed sufliciont to moot the demands which might ho made uppn it for the redemption of the out- Btanding United Statom notes. This fund , together - gether with SCot other gold as might be from time totime in the troasuy available for the same purpose , has been since called our gold reserve and $100 OJOOJ has boon rcgarddd as an adequate amount to accomplish its object. This fund amounted on the 1st day of January. 19 , to $ li4.Iial3i and though thereafter con- EtantIy fluctuatiug , it did no fall beiow that sum in July , 1892. In April , 1893 , for th3 first time since its estabtishment this reserve amounted to lots than 8hiOOOOO ) , containing t that date only $ i7Ohl,83J. The Bond Contract. The message reviews at great length the lo aring of the g mid rejerve , the shipmnent of gold , the issuing of bonds , time entcrirxm into the bond contract with capitalists , and liEs messages to Congress for relief. Continuing , the President oays : The Congress having declined to grant the necessary authority to secure this saving the contract unmodified was carried out , resulting in a gold moser-va amounting to $ lOYm7l,2 on the 8th day of July , 1SO' . The performance of this contract not only restored the reserve but checked for a time time withdrawals of gold and brought on a period of restorei confidence and such peace and quiet in business circies as wore of the greatest possible value to every in. terest that affects oar people. I have never had the slightest misgiving concerning the wisdom or propriety of this arrangement , and am quite willing to answer for my full stiaro of rasp onsi- biity for its promotion. I beliote it averted a disaster , the imminence of which is fortunately not at this time gene r - ally unders teed by our peopio. Tliougim the contrat mentioned stayed for a time the tide ofgold withdrawal , its good resuirs conU not be permanent. Recent withdrawals have reduced - duced the reorvo fromlO,5il,9IO on the tth dayof July , 1SJ ( , to $7mmf3,9 0. Howlongit will remain large enough to render its increase unnecessary is only matter of conjecture , though quito large withdrawals for shipment in the immediate future are pred.cted in well informed quarters. About $ W,00J,000 has been withdrawn during the month of November. The foregoing statement of events and conditions - tions develop the fact that after increasing our interest bearing bonded indebtedness more than $162.000,000 to save our gold reserve , we are nearly where we started , having now in such reserve $ :9,333930 ; , as against 'tlll3S,3fl ' , in February 1691 , 'when the first bonds were issued. Though the amount of gold drawn from the treasury appears to be very large , as gathered from the facts and figures herein present it actually was much larger. considerable sums having been acquired by the treaSury within the several periods stated without the issue of bonds. On the 8th of January , 1993 , it was reported by the secretary of the treasury that moro titan h172,000,000 of gold hind been withdrawn for - hoarding or shipment during the year pro- ceeding. He now reports that from January 1 , i89 ; , toJuly ii , ISO ! ) , a period of more than 10 years , only a littio over ' . , GO.OOO was withdrawn - drawn asia that between July 11 , l&i0. time date of the passage ot the law for an inr.reasoml nm1i chase _ of silver , and time first day of December , ] 80 , , orwithin less than five and a half years , I th're was withdrawa nearly 1i5OOOO03 , making 'to total of moro than $11i3OthJ,000 drawn from tire treasury in gold since January 1st. . 1379 , the date fixed in 1STh for the retire meat ofthe United States notes. 1" . early $27 , 101,000 of the gold thus withdrawn have been paid out on theo United States notes , and yet every one of the $40tJO,03J is still uncancelled and ready to do service in- LuI I turo gold depletlo is. More titan i7OOJOO in gold has since thrir creation in iS 0 been paid out from the treasury upon the not's given on the purchase of ilvor by the government ; and yet the whole , amounting to l3.OOJJ0) , except a litto more than * isOiOO which lint-a been retiro.1 by exchanges for silver at the re- questof the holders. rinnain outstanding and piopared to join their older and more ox- ponicaced allies in future raids upon the trcas- ur3.'s gold to ervo. On July 1. 1S9 , mor than a year an ] a half before the first bonds were issued to replenish the gold reserve , there was a net balance in the treasury exclusive of such reserve of less titan $ It.OiO,0i0 , but the gold reserve amounted to more than $ lI4OhOfYJJ , which was the quieting feature of the situation. It wa when time stock of goid began rapidly to fall that friglmt. supervened and our securities held abroad u-era returned for sale and debts owed abroad were pr 'ssod for payment In the meantime - time extensive shipments of gold and otier un : favorable indications caused restlessness and fright among our people at home. The act of July ii , i8J ) , in a still bolder effort increased tii , amount ofsilvcr the Government was compelled to purchase. and forced it to become the buyer annually of ii OJOt0 minces , or prartically tim entire product - duct of our mines. Under both laws silver rapidly apd steadily declined in value. The prophecy and the expressed hope and cx- potation of those in tire congress who led in the passage of the last mentioned act tnat it would re-establish and maintain the former parity between the two metals are still fresh in our. memory. Retirement of Treasury Notes. In other words , lime government has paid In gold more than nine-tenths of its United States notes and still owes them all It has paid in gel 1 about one-half of its notes given for silver purchases without extinguishing by such payment one dollar of these notes. And added to a11 this we are reminded that to carry on this astonishing fluancil system time government - ment has incurred a bonded indebtedness of i95,500tO ) mn establishing a gold reserve and of l62,2l5.4OO in efforts tnmaintain it.thatan an- ma ! Interest cbargo of such bonded tn- iobtedness is more than $ i1.OO3,0Xl , that 3. continuance in our present course nay result in further bond Issnos , and that we have suffered or are threatened tvith all this for the sake of supplying gold for rorei shipment or facilitating its hoarding at rome , a situation is exhibited which certainly aught to arrest attention and provoke immedi- ito legisintise relief. 1 ama convinced the only thorough and practicable remedy for our tron- bios Is found in the retirement and cancellation tf our United States notes , commonly called cioenbacks and the outstanding treasury notes Issued by the government in payment of silver purchases under the act of ISOO. I believe this c ould be quite readily accomn- rushed by the e : change of these notes for U. S. oonds of small as 'well as large denominations bearing a low rate f interest. They should be _ _ -tt - -S t-ni _ - - - . . : = - - - - - - long term bonds , thus increasing lli ir deslr biityaa investments and because theirpaY- mont could be well postponed to a period far removed from present financial burdens and perpl'-xities when 'with jusroased prosperitY 'irid resources they would be more easily met , ro further inturo the cancellation of these cotca and also provhio a way by which gold maybe tddod toour curreccyin hen of them1 t feature in the plan should bo an autaority given to the . Secretary of the Treasu-y to dispose of tIme bonds abroad for gold if necessary , to complete the contemplated no- omptioa and cancellation permitting him use , r the procecis of such bonds to take up and ancel any of the notoj that may bo in the trcnsury or that may be received by the gov- srnment on any account. ¶ 1 ho increase of our bonded debt involved in this plan 'would bo 'imply compensated by renewed activity and en- terpni.so in all husInes circles , the restored ronfidenco at home , the reinstated faith in our muonetary strength abroad , and the stimulation af every interest and industry that would follow the cancellation of the told demand obligations now afflicting us. In any ct-out the bonds proposed would stander or the extinguishment of a troublesome In- fobtedness , while in the path 'we now follow there lurks the monaco of unending bonds 'with our indebtedness still undischarged and aggra- rated in every feature. The obligation noces- tary to find this indebtedness would not equal In amount those from wiiih 'ire have been re- 'loved since 18S4 by anticipation and payment teyond the requirements of the sinking fund ut of our surplus revenues. The currency withdrawn by the retirement of the United States notes and treasury noto3 tmounting to probably less than $ GOOOO night be supplied by such gold as would be nsed on their retirement or by an increase in rregu1ation ofour National banks. Though the aggroato capital of these now in existence smounts to more than $ Git.000,000 , their out- % tanding circulation based dim bond sourity imounts to only about $ WO.000,000. They are iutborizcd to issue notes amounting to nipoty , er cent of tire bonds deposited to secure their sirculation , but in no event beyond time amount Df their capital stock they are obliged to payne no percent tax on the circutation they issue. .1 think they ought to be allowed to issue cir- sulatiori rual to the pse value of the bonds ; hey deposit to souro it , and that the tax on their circulation should be reduced to one- fourth of one per cent , which would undonbt. . tdiy meet all the expenses tim government ivould incur on their account. In addition they should be allowed to subttuto or deposit lii lieu of the bonds now required as security or their circulation timnie which would be issued - sued for the purpose of retiting the United States notes and treasury 110103. The banks tiready ezisting , if they desired to avail them- telvcsw of the provisions of law titus modified could Issno circulation n addition to that already outstanding , itnounting to $413OO.OOI , which would nearly r qrlit ) equal time currency proposed to , be ; ancelled. At any rate , I should confidently ox- oct to 503 tIm ) existing national banks or thmers to be organized mit-nil themselves of the ropoced 'nconragements to issue circulation md promptly fill any vacuum and every eurrency ne3l. it has always seemed to rae that the provisions of law regarding the cap- tta of natmonal banks whelm operate as a urn- 'tation to tlmeir location fails to mnao proper ompensation for ttmo supprcsion of state 'tanks , wlmih came mica : to time p'oplu instil see- tions of time country and readily furnished them with banking accommodations and 'ad ! ities. Whatever is attempted should ho entered mpon fully appreciating the fact timat by care. ' 055 , easy descent , we have reached a dangerous iepth and that our ascent will not ho ac- : omplislmedwithout laborious toil and struggle , % \ shall bo wise if we realize that we are nancially ill anti that our restoration to iealth may require heroic treatment. Inasmuch as the n-ithidraw1 of our gold has esultol largely from frglit , there is nothing ipparent that will prevent its continuance or cecurroimce. with its natural consequences , ox- rapt such a change in our financial m thods as will reassure the frtgimtened and make the do- 'tire for gold less inteuo. It is not clear how in inereaso in revenue , unless it be in gold coil satisfactory to thoar who5o only anxitmtris to rain gold from the governments store. It can not , therefore , ho sue to rely upon increased i cvenues as a cure for ( mU : ] ) rCSCnt troubles. It is Possible t ; at the suggestion of ucreased revenue as a remedy for the dillicul- ties we are considering may have originmted : in ( Ti intimation or distinct trUegation that th bonds 'tvhiich have been issue.t ostons5bly to epl nish ourgolI reserve were really isued to sup.Ay in'ullicient ruyontt. otiiin can be tur-thmrfrum tm truth. Bonds woo issued to , btaitmgold for theinaintenancoot ournatioual redit. Pree Siicr. While I have cmieavnroi to make a plain ; tatment of the disordered condition of our : urrcncy and tIiopre3euttIa1gr3 nieitciu. : our orosperity and to suge-t a way which ca 5 to a safer finaimeini system I : have constantly had in mind time fact thst unity of inc cuntrym 'n , whose sincerity 1 do cot ; doubt , iimit that tIme cure for t e ills now threatening us in y be fou'md in time single and mimplo menmedy ( If the free coiutge ' .f silver. l'imey contend that our miits shall be at once imr .tvn open to t :0 frac. and unlimited and 'iidepo .dent coinage of beth gold and silv-r 1o1htrs of full ieg5l tender quality , rgardless f the action of any other govmrament , and in uU view of the fact that tit ratio between the metals which they suggest calls for enc 'iundrd cents wocth of g Id in the gold dollar it time ir'scnt standard and only lifty cents in utrimisic worth of silver 'a the silver dollar. Ia time present sta c : our ( lifhiculty it is not ! a y to uiiderstand Imow the amount of our rev- mnuo receipts affects it. Thin important quo- ion is not time quantity of moimey received in evenLto payments , but tlio kind of nmnnoy we mintain and our abihityto continue in sound financial condition. We are considering tile ; ovanment holding of gold as related to time ; oumCnc3s of our motteyan,1 as affecting our mm- tiomefi credit and monetary stiongth. if our gold ro.orvO hail never been impired : if no bonds mad evo' ben issue I to meplenish if there Imvl i-ori no fear and timidity concerning our abil- ty to Contiiiuo gold payment ; L any part ) f our reveuuo3 were now paid in gold , 1 tad if we could look to on : gold reeipts as a reans e.f maintaining a safe reserve the amount of imr ret-cnn a would be an intlut'ntial factor in the problem. But unfortunately all the circumstan that nrmiglmt lend weight to this consideration are entirely Iaki'ig. In our uresent riredicamnnt' no golti is received by tIme ovcrnmont in paynrent of revenue charges I or would there lie if the revenues were in- reaed. The rereipts of tire treasury when not n silver certificates. consist of United State3 notes anti troaury notes , tssncl tor silver purchases. ' 1hee forms of m-ney are ) nly useful to time government in paying ita murrcnt orhinary cupeasee aud its quantity l.a governimiout pnSs"Ssion do.iuj " - ' ontributn tewmr-J giving us that kind of safe ! inanial standing or couthtien which is built , n go d alcn' . it is sai'l that these otos if hoid by the government can be ned to b. am galJ for our reserve. The answer is 'many The peopie draw gold froni the treasury en demand upon Unite I States noteS nod trans any nets , but the proposition that thmo treasury zan on demand draw gold from the people upon them would be regarded in those days with wonder and amazement Anl even if this : ouid be done , there is nothing t , prevent thee timus parting with th mir god from regain- lug it the nout day or the next hour by the prcsentatin of the notes they received in ox- : lmango for it Tin. st'.rrfarv of tIme treasury inightusa such noses taken from a surplus meenuu to euy gold in the market. ( if course. he could not do this without paying a premium. Private hold- I era of gold , unlike the government having no parity to maintaIn. would not be restrained from making time best bargain possible when theyfurnishod gold to the trcasary ; but the moment the scretary of time treasury bought gold on any term5 above par he would establish - lish a general and universal premium upon it , thus breaking down the parity between gold and silver which time government is plhged to maintain , and opening the way to new and serious comphicatiqas. In the meantime the premium would not to- main stationaryan-i the absurd spectacle might be presented of a dealer selling gold to the Government and with United State3 notes or tr'asury notes in his hands immediately clam- oriag for us return rind a re-ale at a higher premium. It ; may be claimed that a large rev- enno and reduced receipts might favorably a- feet the situatoa under disu.ssion. by affording . _ . ---.5- - - - S 'r--- - , . ' ' - - - - - - - - - - - _ S _ _ 5- - _ .S- _ - - - - - - ' ' S- ' ' . SSS.S'S _ -r--5----5---5. ; : _ : I I' I 'i- ' S I nil _ _ _ nete zntfs. . / treasury , n opportflflf7 when received. and thu-i preYEiti23 [ ' their presentation for gold. Such reteEtiou to _ _ uncfnlouhttobeatleast moasurabli per- 1 is prohibited - immanent , and this is preciselY what United States notes are concerned - , ited so far as their ro corned by law of 1878 , forbiddIng . ThatthostatutOifl 80 manywOrdS j tiroment. when receive' ] into _ _ providosthat those notes States _ _ thoThiItCd and belonging to the treasury " and kept in circuia- shall be "Paid out again thflb tion. " It wifl moreover be readily ECOZi reface to pay on not could the government . In cur- . notes 4. United States notes and treasury demanded , and insteb rout transactions when alone and still maintain I on paying out slivar the parity between that metal and the car- 51' representing gold. Besides the accunmu t rency kind lation in the treasury of currency of any f exactod.frozn the poopie through taxationla ' ' i justlyregarded as anoa'il and itcannot prO' ( , coed far without vigorous protest against a * p.njuatifiable retention of money. Voro there infinitohy stronger reasons than can be adduced for hoping that such action ) would r4ouro for us a bimetallic currency InOY- I experiment so novel I , ing on lines of parity an well 1 might and hazardous as that proposed stagger those who believe that stabdity 13 an imperative condition ofsound money. No goT- ernmont , no hum m n contrivance or act of lcgi * ' latlon has ever boon able to hold thotwo motali I together in free coinage at a ratio appreciably different from that which is established in the markets of the world. . . In the light of those experiences , 'which ao- 4 cord -with the experiences of other nations , I there is certainly no secure ground for the b& hot that an act of Congress could now bridge , ' J an equality o150 per centbotweon gold and sil' var at our present ratio , nor is there the bask possibiitythat our country. 'which has less than ono soventL of the silver money in the world , could by its action raise not only our own , but all silt-or , to its lost ratio with gold. I t Our attemnptto accomplish this by the free coinauo of silt-or at a ratio differing from the actual relative 'valuo 'would be the signal for complete departure of gold from our circulo- . . tion , and the collapse of our entire credit sys- . tern. Our country's Indebtedness whether owing by ttmo govornmmt or existing between individnal-s , , has been contracted with reference to one pros- ontstandard. To decree br-act of Congress Ip . that these debts shall be payable in less valuable - . I ble dollars titan those 'within the contemplated and intentlotm of the parties when contracted , wouldoperato to transfer b thoflatlatrand without cornpnsation , tin amount of property and a volume of rights and interests alm st in- , calculable. Those 'who advocate a blind and headlong plunge to free coinage in the name of I bimetallism and professing the belief , con- I. ' trary to till experience , that we could 4 thus establish a double standard and a concurrent circulation of both metals in our a coinage are certainly reckoning from a cloudy ' standpoint. Our present standard of value is the standard of time civilizedworlil , and permits - . mits time only ii-metallism now possible or at I. ' least that wilimin tire independent reach of any ¶ single nation , however powerful that nation I may be. . While the value of gold . ' as a standard is steadied by iti almost universal commercial en-I business it does not despise silver nor seek its banishment. S Viiem-ever this standard is maintatnoi there is its 'I ' side in frco and unquestioned circulatitn a vol. urno of silver currency sometimes equaling , and 1 . j sometimes oven oxcoedin ; it in nmonnt , both maintained at a parity notwithstanding a deprecation - ' procation or fluctuation in the intrinsic value of h silver. Ther is a vast difftrenco btwecn a standard I of value an I a currency for monetary use. The . standard must n'cessarily be fixed and certatn 4 Thecurrencynmay he in diverse forums andof I variouskinds. No silver standard countryimas ' , p a gold currency in circulation but an cnmlight.- I , enedand wise sysiem of finance secures the bnmfits of both gold and silver as currency I I end dreamt ing mediimm by keetiin the standard - ard stable and all other currency at par with J ; ; j it. Such a system and such a standard also gives free scope br time use and expansion of 4 safe and conservative credit so indispensiblo F , to broad anti growing commercial transactions ' and so well substituted for the 'actual use of " I 1 money. S S Time past is full of lessons , teaching not only the economic dangers , but the national jut- J ' morality that follows in time train of such cx- , pedient I tvill not lolietO that iho American , i people can ho persuaded , after sber deliberation - S tion , to jeopardize their nution's Jrostige and ' proud slanting by encouraging financial nostrums - . trums , nor that they will yield to the false a- , lurenteuts of cheap money , when they iodize that it must result in the weakening of that ' financEd integrity anti rectitude avlmiclr thus far I ' Eu our history has hi-en so devotedly cherished . S as one of tIO ! traits of true Americanism. I have ventured to express myself on these subjects u-itt ! earnestne-s an5I ilamflr.O3S of ' 5ICeCIm becauselcannotril mvsolfoftmbeliof ! that there lurks in the pr.p sition for time free coinage of silver so stongiy approved and ' I Sc ) enthusiastical y advocate I 1y a mu1titde ' or my crmuntryinea a serious menace to our pros- parity and insidious temptation of our people S to wander from time alleianco thy owe to pmmbli' and pr vato inr'grity. it is bccau'o I do , not distrust time gooti faith an I sincerity of thmoso at-lie this schema - 'S ' - press that 1 ha-co imperfectly but with zeal suinbItted my S thoughts upon this mornontus subject. I caimnot resrain front begging thorn to re-examine their views amid bliofs iv. the liglitof patriot- , reason and firni jar expuri- ene , anti to weigh again and again the conse. queue's of Uchi legislation as their elTorts liars ( invited. Even t.mo continu'l acitation of the subject adds gromtly to the dit1isltj of a dangerous flnancial situation already forced upon us. in conclusion I especiaflyontr ° atthe people's L _ _ _ representatives in time Congress 'who arms charged with the responsibility or inaugurat. . jug measures for time safety and propcnity of ourcommuon country to promptly and chloe- J1 tiveiw consider the ills of our critical financIal pight. .1 have suggested a remedywhsibh my I S judgmermt approvs I desire , to assure the Congress that 1 am prepared toco-oporato with them in perfecting any othet measures promj.z- jug tirorough and practical 'relief ' and that I ' at-ill g.z chly labor with thorn in every patriotic endeavor to further the iimterests and guarj the welfare of our countrymen whom in our no- . I spective places of duty we have undertaken to ' serve. ( iaovmt CLuvuLAND , It Seems incredible. I Gazpin-How old does a woman have to be before she can vote ? lfazbin-Ttvcnty-one , I believe. Gazpin-Bntusuallv shedoesu't vote II until she's twice that age. Ilazbiu-I know it. You see she hate to devote the intervening time to niak- ' I ing up her mind how to vote.Iloxbury J ) Gazette. - I , Heinous Offeno. : rrs. Figg-Totnmy put a bent pin I in the ministcrs chair when he wan calling this afternoon. ' Mr. Figg-Giznmne your slipperquick , . ' A boy who will play such a trick on a I ' man who dtrsen't swear needs one of time best licking that can be produced. -Indianapolis Journal. _ _ _ _ _ _ _ _ _ _ _ _ _ _ I Lids should be always putover sauc pans when in use. The steam is usu ally more beneficial to the dish being prepared than to the kitchen wails. In London the natural increa2e of th L population , from excess of Mrths ovei" deaths alone , is about 4,000 mcnth. Most European nations average tor I the male 5 feet 6 inches , but the Aits- trians , Spanish and Portuguese just fall short of this standard. Unterrifled small boys in Portland , Me. , a few days ago stole the grav3 j markers front the cemetery for use In making bounds for hockey plaig The cult known as ChrIstla Science , founded In Be'ton in 1866 by Dr. Mary m Baker Eddy , now has 200 incorporated churches in the United States. . I Last month was the most prospero I In the history of the Dioklyr , postof. . . I fice. The sales frozn stamps , , stamped envebope.s , etc. , anlonnted to 995G3.3 , f ' 'II S - -