President's Annual Message. Devoted Largely to the Spanish War Results Growing Out of it. Peace Waits Upon Congress Declaration as to Acquired Territory to be Made After Peace is Permanently Settled The president devote? a large pan of the message to i lie war ns incept on aid resui:. The unpre pareliicss oi Ihi coun ry f r hostdi les and ihe rand achievement of the army an 1 navy in the tin- oi ditlieu net nnke the victory stand out as. one of the 'ea est achieve Hie i's in liiulory T. e i rcsi 'nf n ft tha luH fai'h h II le 'ho rut,!!) ;u the Jt-poM-tion ol the island. Tin' poli-y ! t'.e adtn'rvstr-vion in regard to ac. i feriory will find expression in i ' r rues-tige when the peace tr a y h - .i si:n d. One i fleet of the wa ..-en t" th w the mad- qu.it y of ti e pit wit s'a'ul.ng army anl i 8 im-re ise to lO.f.OtM men is urged. Tb firtii-r rehab I'tttion ..f the navy, along the lim 9 aiiggefied by Sec retary Loiik, is re o iiiiiku le 1. Reeent expansion, notably in the ac quirement of ttic 8i.iilw.cu maiula, shows the need of New niataliiue iau. Lezir'athn soUng to ti c wirac t on of theNicaraguau canal is . pj.r.iT ed. Asidis fro n t'n ciash wi b Spain rela ti its vr.th foreign in: on are harinon lo i, and the closer b mil of union with Or-ai BiiU'.u is a iaus for cungiaiula tion. The oru'nn' m? 1 ol er-enry legisla tion ia stiowii. d I pr sileni renews hit previous lecuiuiiicii datum on the subject, T.ieie is a hearty concur, ence in the V ws of cabinet olhceos aa lo I be need of the vario'm de.pa tmrnls Tit IT Of MKSSUIC To the Senate anl -Home of Repre entatives: Notwi hs auding the ai ded burden rendered necessary by tbe war our peop.e tejn ce in a very satis factory an I tat adit y increasing degree of prosperity, evidenced by the largest volume .oi business ever reported. Every manufacture h ts been productive, srricultural pureti.ts tmvtf y. elded abundant leturns, labor in ttn Beld oi industry is oelter re aniei, revetm- legislation paased by the present con gress baa increased the treasury's re ceipts to the amount ettima'ed by Kb authors: the finances of'the government have been successmlly administered and itt credit advanced to the tirst rank; while its en rei.cy has been mniitaine J st the world's highest giandaid. Military eetv.ee nn ler the common flag and for a righteous can e has itrenL-theued the imtionil spirit and erred to cement more closely ihan ever the fraternul bonds between every c l;on of the coun'ry. In my last nnu.it mewage. every full Cunisideralioit was ifiven to the question of duty Ol the Kovermuuiil of the L'lU'ed Stales toward r-pain and the Cuban in inrientibn, as nvtg tiy far thn mot fmpO'tant problem with which we were then called then upon to deal, i ein eluded it was bonus! y due to our friend ly rclationo with Spa n that tsl.e shoii d o (jlven a reaMona'de c'mnce to realize l er expectations of rdonn, lo which S'.e had become irreioiKbly couunitted Within a few weeks previoua'y rhe luv) announces) C'.uiprebiiive pi huh which it w( cinfi Jeiilly aanerieii wou d he ef fieaciou to remedy the evils so hply affect ini; our own country, so iujurMus to ihe true inieres of ibe mother country, well a to those of Cuba and so reiUKna it o the universal seiitiment tfbuuianitv. SPANIHU I'SOSIIHES I'NKBUITKtL The etmuinir month br )Ui(ht. little sittn of prorefs toward the pacification of Cuba The ant in imous adraini'tration set up in the ca .i'al, and a ine of tbe princiial ciiiea, ap eand not to pain the favor of the inhabitants nor to be able to extend their inflienc to a large itenl of territory held by the insur dent', wlnle the military arm, ohviou--, ly unable t rone with the atill active rcMh"ii, continued many of tbe most object onabe and offensive policies a' t e government that had preceded ft. No tangible re ief wa ufforled tbe vest number of unhappy reoonuentradns. By tb end o! December the mortal ity aiuo'K them had frightfully in creased. Cou'ervative estimates from fgpaniou ounis placed tbe deaths among these distressed people at over 40 per cent, from the time General Weyler's decree of reconcentrntion was enforced. With the acquiescence of the8ianith authorities, a scheme was adopted for releif by charitable contri botions raised in this country and dis tributed under the direction of the ooasal general and the several consul-, ky nob e and tamest individual i-ffort ihmucb the organised agencies ol the , Aaserioaa Red Croe. Thoasan Is of Uvea were thus saved, but many thous ands more were Inaccessible to such loratt of kid. luTO' rur jfSTica slvAtlKr At tin- j lrictiire. on tli . 15th of Feb ruary la-t. 'M t urre l the de -true on of th- ti.itti--up Ma. ne. a h e rightful y lyiusr in the harbor id Uanum, on a nttsf.on of ;i.t. rt:atio-al mr'eay and io. li, a cat;-.3.r. p e. th HU-ij icioug nature i f vb ch tirrl the nation's heart pr--f.,.i!.dy. It it rriK ng vi dence ,(ili- po " au l sturdy good geu-e di iiijiiiHhuii o r nutional cluract-r ttiat this fhockiiu' hoii fj.it in upon it-nerou-i people, a n-i iy de-ply torn h d by the preceeding even in Cuba, did not move them to an ins tant (le per. i e resolve to tolerate no longer t;i - exitence of a cori liti n of d:i' ger and iisorder Ht our doors that made po-- b e such a d ed by whom o ever wniitiit. Yet the ti.eiiuit-oi justic-i prevailed and the nation a lxious It a wated tlie result of the searching invi-atigit n atone aet on dot Tue firidnu o the naval board ol inquiry eHtabh-lie.l ih t t he or giu of ti.e ex plosion vas ex ernal, by a Kin-marine mine, and -nly tialted, thr iuh la k of posi ive U- tt:n -ny lotii the responsi bility id iu authorship. All these iln n carried conviction to the luof. tho iLhlful, ri n b. fore the finding of Civ n;i.al Ci utt, ilial a crisis in o ir leldlion with Spain and toward CubiwK.a hand So slron was thn be ief t tint it mc led but a brief execu tive fUL-gegfon to he co.igre-a to re ceive imui'-dia e answer to the duly r( making iimiant proviai-.o fir tbe po si hie and perhaps speed. ly p obabl.; ein -r.'isiicy of ar, and th - rema k.ible :nd a in -Ht unique spectacle wis pre ented oi a u atiim in vole of uolh bouse, on the 9ih of March appropri ate lot) i)K.(R) "for the national de fense a.dfireach and every purpose conne td i herewith, to beexpen-ied at l lie dwcr-t im i f the president. Still 4'iim itl by tbe hope oi a peace ful nolu'loii, and obeying the dicta es of duty, o i effort a- r In d to bring about a epeely ending of tl,a Cuban struggle. Spam, having tlen. ed the demand of tbo Uiiitel States and initiated that complete f rm of rup'iire ..f relations which a'.tend-f state of war, the execu tive power e au homed by the resolu tion, were at ot.ee empl .yed by aie to meet (he enlar -ed contingency of actual waifaie between Spain and tbe United Slates. On Auril 22nd, I proclaims! a blockade of the northern coast ol Cuba including ports on said coast between Cirdeias and Baeta Honda and tbe port o,' Cieefoegos on the south coast of Cuba: and the 2,5 1. I called for volun teers 'to executed the ournose of th resolution. By my m-jusje of April 25, the congress was informed of the situa tion and I recommended (omul declara tion of (be existence of a stale ol war betw. en the United Hate and Spain. The congress, accordingly, voted on the s.me dy the act aporove.l April 25, li!)B, declaring thu extension of such ar, from and inclnd ng ihe 21st day of April, mi. I ru-electcd the provision of the restitution of April .'(!, directing the president to use all the armed lorces of the nation to carry that net into effect. Due notification of ihe existence of war, as afore'Ki.l, was given April 25, by telegraph nil the governments w'ub which the United Sta'oi mam ained re lations, tu order that their neutrality might be aaniiied during the war. The various coverninenrs responded with proclamations ol.neutra ity, each after its own methods It is not in thre least gratifying incidents ol the sniggle that the obligations oi neutral ty were impar tially disfharg-d by all. often under delicate and dttlicult circumstances. Meanwhile, naval demonstration were made at seve'al exposed point". On May II, tbe cruiser Wilmington and torpedo boat Winitlow were unsuccess ful in an attempt to silence the ba-terieg at C.trdenas, a.aiust Matsnzaa, Worth Ha,(ley and four seamen falling. These grievous fat allies were, atratgely enough, among the very few which occurred during our naval operations in this extraordinary conflict. Meanwhile, the Spanish naval prepa rations bad bean pushed w.th great v;gor. A powerful squad, under Ad miral Cervera, which bad assembled at tbe Cape Verde Inlands before the out break ot hostilities, had crossed the ocean, and by d erratic movements in the Caribbean sea, delayed our military op-radons, while buffing the purauitof our fleets. For a me fears were felt lest the Oregon and Marietta, then near' ing home, after their long voyage from San Francisco of over 14,000 miles, might beeurpri-ed by Admiial Cer- vera's fleet, but their fortunate arrival ll'pwlied the apprehensions and brought the mueb-aeeded reinforcements Sm until Admiral lrver ti-oa rel oge in the' baito of Hantiaito de Co' a, about May V, a it pa ticol ti pla" a systen atic military attark up t e Anlilleaii pobseffionf oi Spain. With Urn catastrophe of Santiago Spain's effort up n u ts oreau virtually ca ed. A spasmodic effort toward 'he end of June to send her Me liter uneau fleet under Admiial Camara t relieve Manila a at) ndun d, tue expedition being recalled after it hud passed through tbe tiuet can 1. The capitu ation of Santiago followed. The city was closely besi-ged hy laud, anile the entrance of our h:ps into the harbor cutoff all relief on that side. Altera truce to allow of tbe removal of non- ombatai.ts protracted n go iations c ntiouffi mm July 3 until July 15, then under menace of immediate as snlt tbe preliminaries of furreni'er were agreed upon. On the 17th General Shafter occupied the city. The capit tdttioii embraced the entire eistem end of Cuba. The number of spaniHb fo diers surrendered ag 22,000, all of whom were tubst-quently couveved to Spain at the charge of ihe I'nitei States. The story of this fwecemfu! Camp igu ig told in t e report of the se.reary of wtir, which ill be laid liefore you. AT TEACE WITH ALL THK WOKI.O. With the esc prion of the rupture wit i Sp.wn the intercour.-e of the Unit etStat a with the great famlyof na tions has been marked with cordiali'y and thr doe of the ev. ntful year tindo moft of the isue that t eceiar ly arise in the complex relations of g vereign sta es "djtiated or presented no serious, obst clestoa just and bono able solu tion by amicable agreement. ABOUT KXIioKITIONS Exhihirions of this international chanu-erar- h-co, ng nioe frfqucnt as tl e evchangeg t commercial conn tries trr w more intimate and varied, Hardly a year passes that this govern ment is not invited to national parti cipation at some important foreign tenter, but oten on too short notice to permit of recourse to congress for power and means to Ho so. My pre duressors have suggested the advisa bility of provi.lins by a eenral enact np'Ut ai d a standing appropr ation for acvp'ii.g such invitation and for rep tesen a ion oi th s .ountry bv a com mission lbitlan has my cordial ap - provai. aaaiatcMoK os carrt.it exfokt. T .1. Dl -i ,uc uciifiHn restriction on the imp rtanons of cattle from tte United States, nriginslly adopted as a tatii- lary precaution, will at an early date be satisfied so as to admit live cattle und- r due regulation of their slaughter iter laniling. I am hopeful, too, of h favorable charge in the Belgian treat ment of our preserved and salted meats. Tl . r - ruu'ei oi airect trade between the two countries, not alone for Belgian consumption and Belgian t r.,dncts,b nt by way of transit to and from other w..-.. ru,,-, -im-H, nas oeen tiotM en couraging s.nd beneficial. No effort will lie spared to enlarge its advantages by seeking tbe removal of reed less im pediments and by arrangem nt for in cretsed coimu'erci .1 exahaoge. iKimmso lf TRR OatBNT. The United States ban noi been an indiffe ent spectator of the extraordi nary events transpiring in the Chinese mptre, whereby portions of the its maritime proviac.es are passing under control of various European powers; but the prospect that the vast con merce which the energy of our citizens and the necessity of our staple pro ductions for Chinese uses, has built up in those rexions may not be prejudiced through any exclusive treatment by the new occupants, has obviated the need ol our country becoming an actor in the sccue. RELATIONS WITH GRRAT BRtTAIS. Our relations with Great R;.in have continued on the most friemllv footing. Assenting to our request, the protection ot Am-ncan and their in. t-rests in Spanish jurisdiction was as sured by tbe diplomatic and consular representative" of Great Hritain, who fill til led their delicate and arduous trust with tact and teal, eliciting hiuh mm. mendation. I may 1 allowed to make fitting allusion to the instance of Mr Ramjden, l.er majesty's consul at Santiago de Cuba, whr.ee untimeiv death, alter dietinguished service and untirog effort during the siege of that city, was sincerely lamented THI HAWAIIAN COMMISSION Following tbe further provision of the joint resolutions, I appointed the Hon. Shelby M. Cullom of Illinois, John T. Morgan of Alabama, Roliert r' Hitt ol Illinois, Sanford B Dole ol Ha waii and Walter F. Grear of Hawaii as commisaione.s to confer and recom mend to congrest such legislatl-n con cerning the Hawaiian islands as they should deem necessary and proper. The commissioners have fulfilled the mission confide I to them, their report will be laid before you at an early day. It is believed th it their recommenda tions will have the earneat considera tion due to ihe magnitude of the res ponsibility resting npon yon to give such bane to the relationship of those mid Paoiflo Islands to onr home union as will benefit bnh in tbe highest degree, realising the aspirations of .the com munity that has cast its lot with us and elected to share our political heritage, while at tbe time justifying the for tight ol those who for three-quarters of a tenmry nave looked to the aasimila tion of Hawaii at a natural and iaevit able consummation, la harmonv with I onr needs and ia fulfimeni of cherished traditions. imm i.i mir.ui r. The cniuplinih-r rLiten that he dot not revh w iu their details the p ans for the modi fications of tbe currency acd ha king systems, which are now th subject of economic and general discus Hoii throughout the country lint con fines In 1 iscneeii.n lo the general priu-ciplt-t underlying all of idem, becaaut tie y seem to -gnora the iutere ts oi back depositors, witu whole pro. action tbe com ,i roller is peculiarly chaiged He states that t' o;e p ans wb cb are now most generally discussed amy lie considered as taeed upon the following p oponitions: "Fir-t Tnat the disproportion be tueei. ihe outstanding currency liabil ities of tbe government pnyable in gold and the gold held for their redemption should bn lesBen d by a contraction it the amount of these demand currency liabi itie. ' "Second That the void in circu a' ion cans d by sip h contraction ehou d be fi 1 d by n eutenaion of tho circulation of national banks, which circula i -n, rede, ma'ile in gold, is ult.m Uely to t'e end for as chief security up n a tiisi lien u on the com mere al lo-sets of th-is-'uin liaoss." He sUtea that t; e ar-gutnp'iona which see, ii io und. rlie then pi n- are these: Fire T-iist unless we a e to have a cur-ency conir.iction, me racical ex ter.Mioti oi baiiknot" iH ue in ab-olutel l ecosary to tue securing of the propel adjUsitll.elit ol tiovei iimeiit. currei.cy liabi ,ii. a to its g dd reS'-rve, by wh en adjustiient the greater sale' y of ti.e g tld tt.:n.ltt:d ia sub ved ; and, "hecoiid That through the rad cal ext'-iiriou a-iid charge in tbe p-esent fotui of bannote issu s alone is elas ticity to be secured in ur currency." It is the lelief o' tlie couiptroller that tl e propostd prelerence of the note holier over the depositor, which is a fundamental banis of all these plans, is not onty inherently wrong and unjust -tied by any erounds of public policy, but thai its pract.Cal effect upon the present re.atiou of deposit rs to banks in tue smaller communities of tbe Unit-d Mates would be so revolutionary as to bring about the most injurious condi tions in the general bus ness uf the country. THE NEEDS Of AI1RICUI TUKg. The deptrtment of gr culture has 'rfe' active in he past year, bxilofre h.ve bee., sent to Uiany of the cou'.iiei of thn eas em and western hem spheres for ceei. a..d plants that may be useful to the Uuiltd States and with Ibe fur ther view of opening up mark.td for ojr surplus products. The forestry d. vision of the depart ment is giving special at tention lo the treeless regions of our country and is introducing species spec ialty aiapted to smei-arid regions. Forest fires which seriously interfere w.th production especially in irrigated zones are being studied that the losses from this cause may be avoided. The department is inquiring into the use and abuse of water in many states of the we t and collating information re garding the lawt of tbe state, tne de cisions of the courts and the cusioms of the peopla in this regard, so that unifor mity may be secured, Kxpriiiient stations are becoming more effc ive every year. The annual appr priation of I7-U.U00 by congress is supplemented i.y HOO.O-O fr-ui tie st-tes. Nation wid experiments have be.n conduct. d to a.ce-tain the suitiblene-s as to soil and tl iL e and eta es for urowing sugar beets. Tbe number of sugar fact res has been doub e i iu the past two years and the ability of the United Sutee to produce its own sugar from this source has been clearly demonstrated. The weather bureau forecast and ob servation stations have been extended around the C- ribean sea lo give early warnicgoftbe approach of hurricanes from the s.ontb 8 mis to our flet-ty am) mercba: t mar ne. , WASHINGTON CRN fKNNfAL, In tbe year 19X) will ocuur the centen nial anniversary o; the foundi g of the city of WaHbinglO'i for tne nei manen capital of the government of the United Sta'es byauthoity of an act of con- greg, appr oved July 10, 1790. In May, I81'0, the arch.vpH and general olli es of tbe fede.al government w re removed to this place On he 17th of ovember IrtOO, the national co gre.s met here (or the fust time ami assumed exclusive control of the fedeial district and c ty. l itis interesting event assumes, all tbe in re Bignilicanen when we recall the circumstance t attending the chonsicg of the site, the naming of the capital iu honor of the father ot his country, and 'he interest taken by him in the adop tion of pla ts for its future development on a mag ificent scale. These original plans have been wrought out wi'li a constant progress an t a sunai succe x s even beyond any- I era could have foreseen thing their framers could have foreseen. The people of the country are junly proud of the distinctive beauty and uov- ernment of ti e capital and of the rare instruments of science end education which here find their natural borne. A movement lately ingurat. d by 'the the citizens to have the anniversary ceremoniet including perhaps tbe establishment of a haodsome pur ma nen memorial to mark s i historical an occasion and to give i . more than local recognition, hat met with tteneral favor on the part ol the public. I recommend to the congress the ranting of an ap propriation cm- this purpose and the appointment o tbe committee from itt respective b dies. It might also le advisable to authorize the president to appoint a committee from the country at Urge, which, acting w.th the con gressional and District of Columbia committees, can cmplete tbe plans for an appropriate national celebration. The alien contract law is iiriwn by experience to need some amendment, a tnsasure providing better protection lor teamen ia proposed, the rightful appli cation of the eight hour law for tlx benefit of labor and of the principle ol arbitration are suggested f.,r considera tion of the congress. The several departmental reports will be laid before you, They give in great detail the .-ondnctof the, affairs of thi government during the past y, a- and di,CUM B,"n7 question upon which thi 1 congress mav ba calls! imn. in v .i William McKinlcv. ' rCxcativt Mansion. Jkmmhur f, im THE FALLING MIGHTY REPUBLICAN PARTY TOTTER ING TO ITS GRAVE. The Long Cam pa tern of the Money Power Against the Liberties of tbe American le'iple 111 Meet Final nil Complete I efest. Tbe Republican party is totter'ng to Its fall. It Is uuMiuud in every jo nt and limb. It ao longer draws its sus tenance from the source of life a id health the usplralions of tbe honest hearts of the toilers and producers of the land. It has fallen under the con- trol of the money power, trusts and monopolies. It Is manipulated in the interest of the world's pawnbrokers ,-l.t.. .... .K... and extortioners. Its future reliance Is upon the cohesive power of public plun der supplemented by boodle. I'resldent McKinley on his recent stumping tour made lavish but Incon gmi.us use of the word ' destiny." From tin; v;:gue gi neralizal ions indulged in by th" Piesident, what he meant by t: e tirui Lestiuy s eft. involved in mys tery. The only impression he left upon t e i ,.'. that of an undefinable so net liing of unknown dimensions or w!it i-'- f. The use of the te.m. ho vever, recalls to tie mind the events of tbe last few years and KUggcsls. the possi!-:ilty of the fnUs working In be half of a broader liberty, a brighter day, und a glorious future for the toil ers of earth. For thirty yeai'S the money power has with cnuiion and subtlety made gradual advancement In the work of undermining the liber :y and Independence of the American peo ple. They long since secured control of the machinery of the two great po litical parties, and dictated all nomina tions for the Presidency. The masses of the people steeped in party Idolatry were blind to Its presence or Its pur pose, and at each recurring Piesidi-ntlal election donned the yoke prepared for them, and shouted themselves hoarse for the candidates labeled with the name they traditionally followed. At last, euitioldened by success, the money power forgot its caution, mada a brutal exhibition of Its power, and awoke (suspicion In the minds of the people. Grover Cleveland, their servile tool, with brutal Instinct, did their bid ding I J ndiy and slavishly. Alarmed by the strength of the silver sentiment among Republicans, as shown by tbe pasage of the Sherman law In 18',0 by Republican votes alone, the money power resolved In 18M2 to make Cleve land Tresldent and under his adminis tration deal a final death blow to silver. The confederated bondholders and bankers of the world bad thus far play ed tbelr game with a strong, steady and cautious hand. Their success In all na tions caused visions of a conquered world to riot In their Imaginations. The mental intoxication resulting from the confidence with which they were Im bued now begot Indiscretion and led them to excesses. The subjugation of the United State wae not complete. This was the only obstacle obstructing the path of bond ocracy to universal empire the com plete subjugaitlon of nil governments aud the enslavement of mankind. Hero ic measures were determined upon. In the drama to be enacted the Pretldent of the United States and the British ministry were each asslgped a part President Cleveland was to use the power and patronage of the Federal Government to wipe from the statutes of the nation all laws recognizing sil ver as a money metal and to so recast the policy of the Democratic party that henceforth It would be the bulwark of the gold combination lu American poll tics. The plans Were nerfeetpd and the work undertaken according to program. President Cleveland called Congress to gether In extraordinary session and de manded the unconditional repeal of the silver-purchasing act of 181K). He held up all appointments to office and made obedience to his command on the part or Democratic Senators and Congress men the price of sharing In the fruits of party victory. The Uothschilds raid eu ms uunea ruar.es treasury ana ex tended the gold standard to Austria. The banks of tbe United States inaug urated a panic that swept a thousand millions of wealth from Its rightful owners Into the hands of the rich to drive the American people to the sup port of Cleveland and gold. The com "'" , uaw' was mae to i,hrlek for 8old. anl petition In fa mercial press of the country was made vor or the gold standard was held out for the signatures of American busi ness men at the counters of the princi pal banks. The British mlnsltry acted Its part In closing the mints of India to the free coinage of silver. Tbe busi ness of the country withered and shrunk as tbe displeasure of the money power spread havoc and ruin on all sides. Under such pressure the Amer ican Congress yielded. The Sherman law was repealed and sliver no longer remained a money metal at the mints of the United Slates. Now the triumph of the money power seemed complete, and Ibe faites or des tiny, or call It whatever mystic name you will, atepped In. and what seemed defeat for the people proved to be only tne necessary pretention to arouse the American people and quicken the con science of the nation. Call It destiny, If you please; but the American people will solve the money question, and aet the world free from the thraldom of bondocracy. The plain people In the Democratic party rebelled against Cleveland and rescued Ihe party from the clutchet of the gold combination. A million and a bnlf Reptiollcani and Populists united with them on the Chicago platform. These are the forces that are propelling the ship of state Into tbe harbor of des tiny. To bear a lUoubllcan Pretldent who has repudiated tot tradlfloMef fcUgxtfw ty. irsmpled upon Hi platform and dreased the party of Lincoln la Um as clean rslmenta of CIvUndlam. cant ing about deetiny Is a sickening but lestjue. Silver Kulgbt-Watchman. I lowing; with Ihe Other Man's Heifer. There Is a phase of the curincr swindle now uuuer atU-uipled exploita tion which has uot been sufficiently Il luminated. It Is statistical fact fact beyond the ponsibillty of the leatt qufB- tion, that tbe national banks, consider ed as a unit, do not possess aa their very own one single unencumbered dol lar In coin or paper; tbelr combined capitals are locked up in real property aud paper get-uiltieg; every coin ot other form of legal-tender money held by the banks of America is specifically ; h nrf)..,.,v af .,.,. ciient. being held ... by the bauks subject to demand cnecst. As a matter of business fact which every oue is supposed to know Indeed, considerably over three times aa much as the total "cash .in hand" Is the amount for which they are liable npon demand check, and this of course ac centuates our polut that the modicum of legal tender money-gold, allveT, greenbacks, nilvi r ce tlflcates which they do hold is not their own money, but is distinctly the property of the de positing clients of the banks. Well, now. this being so, see what It is that tbe "financiers" are contemplat ing: Thi-y propose to take this exist ing legal tender money this money "aa good as" its basis (the majesty of the nation and the combined wealth of all our citizens) can make it, this good money, which does not belong to them and convert It Inio Interest-bearing bonds against the whole nation. But, stop! Grasp the fact right here, that they do not propose to buy these bonds, in the rational acceptation of the fact of a sale and purchase; for they do not propose to hand over, the ritoney (so to be perverted from Its legitimate use) to the nation, to be used as capital, wherewith the nation may create wealth and get tbe means to eventually redeem those bonds. Ob, no! The na tion Is to endow these cunning rogues with some five to six hundred million dollars' worth of property In exchange for "other people's money," and then the nation shall ihv ihe proposed con tract) destroy the said money. Do you gi asp the peculiar enormity of i this proposition In thlt program of prl-,' vate theft and public plunder? 1 To cap the operation, How do they propose to meet the checks of their "confiding" constituents when the spec ific money of the "deposit" contract shall have been thus stolen and destroy ed? Simply by promises to pay, which could not possibly be honored If put to adequate test. Ah, well! It Is your own fault, fellow-sufferers. "It never troubles the wolf how many tbe beep be." New Time. Growth of tbe Trusts. Tbe question of trusts seems to be a knotty problem for our law maker. Tbe Industrial combinations In thlt country are capitalized at more than $2,700,000,000. The anti-trust law la openly defied. Only the other day Judge Elbert H. Gary, a leading mem ber of tbe Illinois bench, went to New York to preside over tbe destinies of the Federal Steel Company, which was recently Incorporated under the laws of the State of New Jersey, with a capitalization of $200,000,000. The re; cent decision of the United States Su preme Court has pronounced tbe ' Ha 1 road Pool" Illegal. And yet these vast monopolies not only continue in exist ence, but their power is multiplying. In spite of the fact that there Is a federal law prohibiting trusts, new on are being formed every day, and those now in existence have an aggregate capitalization of $2,702,768,900. ! The tendency to concentrate special ' industries and bring them under the domination of monopolistic corpora tions gathers force steadily. Almost every branch of the manufacturing business now has Its combination, or trust, which controls both output and prices. Competition is crushed out by the big aggregations of capital. Tha small manufacturer finds that be must either join the combination or go to the wall, and in many cases be does not even have a change to Join the com bination. ' Within the last six months articles of Incorporation have been taken out by more than one hundred companies of abnormal capitalization, which are de signed to "take over" and concentrate the business of scattered companies In the various fields of Industry. And this In the face of the fact that the United States Supreme Court has now pro nounced even the railroad combination known as the Joint Traffic Association to be a violation of the federal anrj. trust law. Protect-on find Kxpnnalnn Don't Mia. Ihe beet sugar men and the tobacco manufacturers have formed a combina tion to besiege Congress for a protect ive law against admitting goods free of duty from our foreign provinces, Hawaii, Porto Rico and the Philip pines. This Is the flrst'tlme that om part of the United States has asked for a protective tariff against another part of our own people. Now let onr Legislature memorialize Congress ta put a special tax on Louisiana sugar to protect our beet Industry and let Mc Kinley ask for protection against tha tobacco raisers of North Carolina. Im perialism will raise a whole lot of lew questions. Employment Hants Labor-In Hera I President McKinley In his speeches on bis Western electioneering tonr old that Instead of labor banting emplty meat, employment was hunting labs. Tea, and a Job was banting a mai la Chicago last week, but the man dial of starvation before the Job coavld tJ hi tv MooconXormlit v .r , li II I mi I S IS Ml "" SSI