Teton Chronicle (Choteau, Mont.) 1897-1901, December 10, 1897, Image 1

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T ETON VOLUME 1. CHOTEAU, TETON COUNTY*, MONTANA, FRIDAY, DECEMBER 10, 1897. NUMBER 14. THE PRESIDENT’S VIEWS He Discusses the Finance Question at Some Length and Dislikes the Idea of Issuing of Bonds. He also takes up the Hawaiian Ques­ tion and bespeaks a good appro­ priation for the coming Paris Exposition in 1900. President McKinley Monday sent his annual message to Congress. He congratulates it upon assembling under felicitious conditions. Peace and good will with all nations of the eaith continue unbroken, he says, and we should feel genuine satisfac­ tion at the growing spirit of fraternal regard, and unification in all sections of our country, and the lifting of great public questions above party prejudice. Beginning with the sub ject of finances, the president says that while the full effect of the legislation of the extra session has not y e t ' been realized, what it has already accomplished assures us of its tiuielyness and wisdom. To test its permanent value, further time will be required, and the people, satisfied with its operation and results thus far, are in no mind to withhold from it a fair trial. The next question pressing for consideration is that of currency. With the great resources of the government, and with the honorable, example of the past before us, we ought not to hesitate to enter upon a currency revision which will make our demand obligation less oner­ ous to the government and relieve our financial laws „from ambiguity and doubt. The evil of the present system is found iu tho great cost to the government of maintaining at a parity with, gold our different forms of money, and the experience of the past four years has demonstrated that this is not only au expense charged upon the government, but a dangerous menace to,the national credit. It is manifest that we must devise some plan to protect the government agaiust bond issues for repeated re­ demption. We have nine hundred million of currency, which the gov­ ernment by solemn enactment has undertaken to keep at par, and no­ body is obliged to redeem in gold but the government, which must borrow the gold. The law which requires the payment out of the treasury of redeemed United States notes de­ mands a constant replenishment of the gold reserve, especially in times of panic and insulficient revenue, and during the proceeding administration §262,315,400 of 4A- per cent bonds were issued and sold to sustain the gold reserve and pay the expenses of the government in, excess of revenue. While it is true that a greater part of this is used to supply deficient revenue, a considerable portion was required to maintain the gold re­ serve. If no further legislation is to be had to correct this, and the policy of selling bonds is to be continued, then congress should give the secre­ tary of the treasury authority to sell bonds at long or short periods, bear­ ing a less rate o f interest than is now authorized by law. The president says: “ I earnest^ recommend, as soon as the receipts of the government are quite sufficient to pay all the expenses of tho gov­ ernment that when any United States notes are presented for redeuip tion, in gold, such notes shall be kept and set apart and only paid out in exchange for gold. This is an ob­ vious duty; if the holder of the United States note prefers the gold and gets it from the government, he should not receive back from the government a United States note without giving gold in exchange for it.” That amounts to the presi­ dent’s mind, to giving an interest- bearing debt, a government bond for a non-interest bearing debt, a United States note. The government-should be relieved o f the burden of provid­ ing all the gold required for exchang­ es and exports. This ought, to be stopped. With an era of prosperity and sufficient receipts we may feel no immediate embarrassment, but the danger will be ever present. The president invites careful con­ sideration for the detailed plan of: the secretary of the treasury to protect the gold reserve. He concurs with him in the recommendation that the national banks be allowed to issue notes to the face value-of their bonds deposited; that the circulation tax be reduced to one-half of one per cent, and that national banks be estab­ lished with a capacity of $25,000. He also recommends that the issue of national bunks be restricted to the denomination of ten dollars and up­ wards, aud that they be required to redeem their notes in gold. Turning to foreign affairs, the president devotes much space in his message to a consideration of. the Cubau question, which he says. is. the most important problem with, which our government is now called upon to deal in its foreigu relations. Regarding Cuba, the president points out that of the untried meas­ ures there remains only recognition of the insurgents as belligerents;, recognition of the indepeudeuce of Cuba; neutral intervention to eud the war by imposing a national compro raise between the contestants, au in­ tervention in favor of oue or the other party. The president next takes, up the subject of the annexation ofiHawaii, which ho says should be accom­ plished. Rapidly reviewing, his for­ mer arguments in favor of annexa­ tion, he says that legislation, is re­ quired in the event of the ratification of the treaty, and while abrubt assim­ ilation of immature elements of population should be avoided, just provision should be made\ for self- rule iu local matters, with the largest political liberty to the Hawaiiaus. He says that the dispute between Japan and Hawaii over the immigra­ tion question is now in a satisfactory state of settlement by negotiation; aud that it is learned that Japan is now confident of the intention of this government to deal with all possible ulterior questions affecting, her inter­ ests iu the broadest spirit of friend­ liness. The Nicaragua canal is spoken of as of large importance to our country and the promise is made of further reference to it. A liberal appropriation is bespoken in order that the United States may make a creditable exhibit at the ap­ proaching Paris exposition, in which the people have shown an unprece­ dented interest. Attention is called to the need-of prompt legislation as to Alaska and the extension of civil authority in that territor}'. There is need for sur­ veys aud for the establishment of auother laud office at some point in the Yukon valley, for which an ap­ propriation is asked. A military force is also necessary and the estab­ lishment of some sort of a flexible government. If the startling reports as to tho possible shortage of food for the miners be fully verified, every effort should be made at any cost to carry them relief. Speaking of the pending sale of the Kansas Pacific railroad, it is said that if no better bid is received than the upset price fixed by the court, the government would receive only $2,500,000 on its claim of nearly $13,- 000,000. He believes that tho gov­ ernment has authority to bid in the road and has instructed tho secretary of tho treasury to make the deposit of $900,000 required to qualify as a bidder, and to bid at the sale a smn at least equal to the principal of the debt to the government. The message deals at some length with the unsatisfactory condition of affairs in the Indian territory. The large white element is said to be without protection, and without the schools and other rights of citizens, leading Indians having absorbed great tracts of lands and created an aristocracy, aud the friends of the Indians believe that the best interests of'the five civilized ‘ ribes would be! fouud in American citizenship. * AWFUL RAILROAD WRECK Occurs Three Miles From Blackfoot resulting in the death of one and the injury o f several others. Blackfoot agency for help, with doctors, bandage, etc. Thrown From the Track by a Small Bank of Snow Which Broke the Pilot on Jhc Engine, Causing Derailment-Fatal Results At Blackfoot last Friday occu rred a terrible wreck on the Great North­ ern road at a point opposite the agency and at a .distauce of nearly three miles. The east bound pas­ senger train, due at- Blackfoot at 13 :- 15 that night, was niue hours late aud was tearing down the grade from Durham toward Blackfoot at a teriffic speed with two engines and a snow plow in advance. At a point midway between tho two stations the engine and snow plow were demolish­ ed, from what cause is not known. Both engiues were completely wreck­ ed. The mail car was shot out into tho snow on the prairie, a distance of 20 yards from the track. A frightful blizzard was prevaling aud negro Jack Ball, of Havre, was on the train and ran all the wajr from the wreck through the blinding storm to the Teams and all laborers were sent by the Indian agent to the scene to render all assistance possible and the Indian police were instructed to briug tho injured to the hospitals at Blackfoot. The regular engine was in charge of William Clarke of Kalispell aud that of the helper in charge of Nelson, an engineer living at Havre. When found Clarke was under the tender of the engine, dead and badly crush­ ed. . Nelson had Jbotli legs broken above the knees and was otherwise badly injured. Both firemen were badly injured. The other members of the train crew were not injured. The three head cars left the track, but all in them escaped injury. A wrecking crew left for the scene of the disaster with medical assistance. Mr Clarke leaves a wife and two young children, besides a mother, brother and sister. He was a mem­ ber of the Masonic order and of the A. O. U. W. Oue engine was thrown to the right of' the track, the other to the left, aud both were badly wrecked. The mail car was shattered at both ends and holes in the sides were so large that one standing to the side could see the mail bags. The baggage car was injured about as much as the mail car, but the bag­ gage smashers, were not scratched. The front trucks of the tourists car were off the track, but the derailment was so comparatively gentle that many of tho passangers did not real­ ize that there had been au acci­ dent. After- the wreck a Mr. Shores, as attorney for the company, interview­ ed all the passengers and they de­ clared without exception that they had not been shocked and many did not rea'ize that a wreck had occurred until so informed. The accident was caused by an ap- parantly trivial obstruction. Other trains and snow plow had been over the track but a short time before, but an awful blizzard was raging sweeping down from the northwest and snow was falling in a sheet. In the center of the track a small pile of snow had formed in a short time, but it had packed like ice, and al­ though it did not appear to be as formidable as other drifts that bad been passed, it was in such condition that it broke the pilot of the forward engine aud in a second Engineer William Clarke of that engine was dead. An examination revealed no defect in p;ther of the engines- or the track. TETON EXCHANGE! MAIN STREET. CHOTEAU. O l d e s t S t a n d i n T o w n . Finest W ines and Liquors^-^i^^ ^ .Domestic and Im p o rted Cigars Telephone No. 29. § » a n ñ o ft ft g Ù „Now Under New Management.. 8 «y (j % ë Only Restaurant in Choteau. | Fresh Bread, Pies and Cakes ....For Sale.... M E A L S A T ALL HOURS. $ Reasonable Prices JACOB. N. AUSTED, Prop. OCCCC©€CCCCeeCC.CCCCCCCCC€CCCCCCCC'C€C€CCCCCCrCCC€CCCCO C3 <3 u a (J u Q u <3 <3 13 MEATS! MEATS! ^ i O F ALL K IN D S *# Our Meats are always fresh. Our Sausages and Weinerwursts are made from the choicest of meats. Has som ething new to offer to the public this week. Shillings Best Tea, 60 cents. Gun Powder Tea, 50 cents. Clover Honey, 2 pounds, 35 cents. Coal oil 30 cts. per gallon. Everything else iu proportion. Elano aud Water White Oil. Dried Fruits ill variety. Standard Grades of Flour. L. W. LEHR, Prop. CENTRAL C. H. DUNLAP, Proprietor. WHOLESALE AND RETAIL BUTCHER. Beef, Mutton, Pork and Veal Sausage. Fish, Game and Poultry in Season. CHOTEAU, MONTANA. G. A. BOUTILLIER, Carpenter a n d Contractor Choteau, Montana. HOTEL BORLIN&TQN. R. D. MAY, Prop. Great Falls, - - Mont. Pleasant Rooms, Steam Heat, Electric Light, Hot and Cold Baths. RATES, $1.25 PER DAY*.- r0ne Block From Depot. S. Y. PENRO D, Carpenter & Ruler. Plans and. Estimates Furnished Pianos and Organs Repaired and Tuned at Living Prifeea

Teton Chronicle (Choteau, Mont.), 10 Dec. 1897, located at <http://montananewspapers.org/lccn/sn85053028/1897-12-10/ed-1/seq-1/>, image provided by MONTANA NEWSPAPERS, Montana Historical Society, Helena, Montana.