Middletown transcript., 1898-12-10
ROYAL s;;;'ss ss*Sts
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Makes the food more delicious and wholesome
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laced in trust fund, from which greea-
ABSOLUTELY PURE
aoxM BAKING POWDER CO.. NEW YORK.


placed in trust fund, from which green
backs should be redeemed upon presen-
tation, but when once redeemed should
not thereafter be paid out except for
gold.
1t Is not to be inferred that other leg
islation relating to our currency is not
required. On the contrary, there is an
obvious demand for it. The Importance
of adequate provision which will insure
to our future a money standard related
as our money standard now is to that
of our commercial rivals Is generally
recognized.
The secretary of the treasury reports
that the receipts of the government
from all sources during the fiscal year
ended June 80, 1885, including $64, ,751, ,22S
received from sale of Pacific railroads,
amounted to $405, ,S21, 1886 and its expendi-
lures to $443, 1858, ,5S2. There was collect
ed from customs $149, 575, ,062 and from
Internal revenue s170, 900, ,641. Our dutia-
BILE imports amounted to 1924, ,635, ,479, a
decrease Of $58, 1885, $50 over the preced-
ing year, and importations free of duty
amounted to 1921, Ala, ITS, decrease from
the preceding year of $90,524,06S. Inter
nal revenue receipts exceeded those of
the preceding year by $24, ,212, ,067.
The total tax collected on distilled
spirits was $s2, ,546,9 ,999, ON manufactured
tobacco $S6,23O,522 and on fermented
liquors $39, ,421. We exported mer-
chandise during the year amounting to
81, 231, ,4S2, $3.50, an increase Of $3.50, ,48S,774
from the preceding year.
1t is estimated upon the basis of pres
ent revenue laws that the receipts of
the government for the year ending
June 30, 1899, will be $577, SAT and its
expenditures $6S9, ,874,647, resulting in a
deficiency Of $112,000,000.
On the 1st of December, 1898, there
were held in the treasury gold coin
amounting to $138, Al, ,547, gold bullion
amounting to $138 8,502,545, silver bullion
amounting to 500, ,359, ,250 and other forms
of money amounting to $451 ,963,9S1.
On the same date the amount of
money of all kinds in circulation or not
included in treasury holdings was ST.
S86, ,879, ,504, an increase for the year of
$165, ,794, 1866. Estimating our population
at rs, 194, 900 at the time mentioned, the
per capita circulation was $500. On
the same date there was in the treasury
gold bullion amounting to $19S, S,502,545.
The president says prompt adoption
of maritime policy is now necessary,
recommends the appointment of an ex-
pert commission on yellow fever, ap-
proves of the increase of the standing
army to 100,0 900 men and declares that
as this is provided for he will muster
out the entire volunteer army. He
says:
Under the act of congress approved
April 26, 1898, authorizing the president
in his discretion, under declaration
of war by congress or declaration by
congress that war exists" directed
the increase of the regular army to the
maximum Of $1,000 authorized in said
act.
There are now in the regular army
1852 officers and men. In said act it
was provided '"That at the end Of any
war in which the United States may
become involved the army shall be re-
duced to a peace basis by the transfer
in the same arm of the service or abb
sorption by promotion or honorable dis
charge under such regulations as the
secretary of war may establish Of su-
pernumerary commissioned officers and
the honorable discharge or transfer of
supernumerary enlisted men, and moth
ing contained in this act shall be con-
strued as authorizing the permanent
Increase of the commissioned or enlist
ed force Of the regular army beyond
that now provided by the law in force
prior to the passage of this act, except
as to the increase of rs majors provided |
for in section one hereof"
The importance of legislation for the |
permanent increase Of the army Is
therefore manifest, and the recommen-
dation of the secretary Of war for that |
purpose has my unqualified approval. |
There can be no question that at this |
time, and probably for some time in the |
future, 100000 men will be none too |
many to meet the necessities of the sit |
uation. At all events, whether that |
number shall be required permanent |
~ or not, the power should be given to |
the president to enlist that force If in |
his discretion it should be necessary, |
and the further direction should be Civ |
en- him to recruit for the army within |
the above limit from the inhabitants Of |
the islands with the government of |
which we are charged.
1t is my purpose to muster out the en- |
tire volunteer army as soon as the con- !
gress shall provide for the increase of |
the regular establishment. This will be |
only an act of justice and will be much |
appreciated by the brave men who left |
their homes and employments to help |
the country in its emergency
Railway Matters.
After narrating the proceedings
against the Union Pacific and Kansas
Pacific railroads, the president says:
1t is a gratifying fact that the result |
of these proceedings against the Union |
Pacific system and the Kansas Pacific |
line is that the government has re- |
ceived on account of its subsidy claim |
the sum of $64, ISL, ,22375, an increase of |
S1S,997, 1876 over the sum which the
reorganization committee originally |
agreed to bid for the joint property, the
government receiving its whole claim,
principal and interest, on the Union Pa
cific and the principal of its debt on
the Kansas Pacific railroad.
The president recommends the erec- |
ton of a new building for the depart
ment Of justice at Washington and
separate building for the supreme court. |
He details the work of the postal serv-
ice in connection with the war. He
approves the secretary of the navy's
for more battleships |
and recommends the temporary revival
of the ranks of admiral and vice admi-
raj. The pension rolls are discussed, |
as is the work of the department of the |
interior for the past year and of the de-
partment of agriculture. He recon-
mends an appropriation for the celebra-
tion in 1900 of the centennial of the city |
of Washington, saying:
recommend to the congress the |
granting of an appropriation for this
purpose and the appointment Of COM
mittee from its respective bodies, It /
might also be advisable to authorize |
the president to appoint a committe
from the country at large, which, act
ing with the congressional and Dis
trict Of Columbia committees, can COM
plete the plans for an appropriate ma
tionai celebration.
The alien contract labor law is show
ing by experience to need some amend
ment. A measure providing better pro-