The Beaver herald. [volume] (Beaver, O.T. [Okla.]) 1895-1923, 1898-12-15


ness
Natter. Concerning the Treasury.
| The secretary Of the treasury reports that
| the receipts Of the government from all sources
| during the fiscal year ended June % is9s. in
cludlug S475L22 received from sale OF Pacific
/ railroads amounted 70 sf53n 81 and its eH-
/ penditures to as So So There was obtsined
/ from customs fiss 575.Os1 and from internal
revenue tl7o.eOos4L Our dutiaole imports
amounted to s3247i5.f .f79. decrease OF IS. lss.-
l 6sJ over the preceding year, and importations
/ free Of duty amounted to 29l.414i75. a de-
crease from the preceding year OF sJ,5s4Uoa
/ Internal revenue receipts exceeded those Of
/ the preceding year by "a 2i2Od
The total tax collected on distilled spirits was
/ ig2 $40 gg9 on manufactured tobacco SO q 52l.
and on fermented liquors s3y.SI54!l We ex-
ported merchandise during the year amount
ing to si23l. si3D. an increase Of t1s0. 4ss "a
/ from the preceding year
IL is estimated upon the basis OF present
revenue laws that the receipts OF the govern
ment for the year ending June 30 1893. will be
5TT.s7l S07. and its expenditures s6s9 s.46H. re-
sulting in q dehgiency Of sIl2. OlOOl
on the ist OF December. lsls. there was held
in the treasury gold coin amounting to 'iSs.
4ii.47. gold bullion amounting TO 10, 5O2. ,45
silver bullion amounting to Se3 35a. $50 and
other forms of money amounting to 4'i. .s63 ssL
On the same date the amount OF money OF all
kinds In circu alton. or not included in treas
ury holdings was i,s8s.9.5 4 an increase for
the year Of sIo'. .7s4 s6a Estimating our popu-
lalion at ~. iO4 90 at the time mentioned the
per capita circulation was 4elt9 on the same
date there was In the treasury gold bullion
amounting TO i3.i0255.
The provisions for STRENGTHENING the re-
sources Of the treasury in connection with the
war has given increS>ed confidence in the pur-
pose and power Of the government to maintain
the present standard and has established more
FIRMLY than ever ths national credit at home
and abroad
Irenew much OF my recommendation OF
| December 1897 as follows: That when any
Of the United States notes are presented for
redempt on in gold such notes shall be Kept
and set apart and only paid out in exchange for
gold. This Is an obvious duty II the holder
OF the United States note prefers the gold and
gets IL from the government, he should not
receive back from the government a Unit d
States note without paying gold in exchange for
IT. The reason for tEl, Is made all the more
apparent when the government issues an issue
bearing debt 10 provide gold for the redemp-
tion OF United States notes-a non-inter-St-
bearing debt Surely IL should not pay them
out again except on demand and for gold II
they are put out in anv other way they NAV re-
turn again, to be follow ID by another bond is
sue to redeem them, another interesting bear
| ing de0t to redeem a non-interest bearing debt
This recommendation was made in the belief
that such provisions OF law would insure TO a
greater degree the safety Of the present stand
ard and better protect our currency from the
dangers to which 1t Is subjected from a dis
turbance in the general business conditions Of
the country
| In my judgment the present condition Of the
| treasury amply iustif IS the immediate enact
ment OF the legislation recommen led one year
ago, under which portion OF toe gold bold
I tngs should be plIced in a trust fund from
which greeubacks should be redeemed upon
presentation. but when once reie mel should
not thereafter be paid out except for gold
IL nnr tn he INF No. lafyf tg1r
relating to our currency is not required. On
the contrary, there L. an obvious demand for
It, The Importance Of adequate provision
which will insure to our future money stand
ard related as our money standard now and to
that OF our commercial rivals is generally
recognized
The companion proposition that our domes-
tic paper currency shall be kept safe and yet
be so related to the needs of our industries and
internal commerce as to be adequate and re-
| sponsive t. such needs is h proposition scarce
| iy less important The subject in all its parts
is commended to the wise consideration OF the
congress
Invrstigation Of Yellow Fever
In nv last annual message I recommended
that congress authorize the appointment OF a
commission for the purpose of making syste-
matte investigations with reference to the
cause and provocatlon OF yellow fever This
matter has acquired an increased Importance
| as a result Of the military occupation of the
island of Cnha and the commercial intercourse
between this island and the United States
which we have every reason TO expect The
sanitary problems connected with our new re-
lations with the island Of Cuba and the acquisl-
tion Of Porto Rico are no less important than
those relating 70 finance, commerce and
administration
Increase of the Army.
Under the act OF congress approved April "a
lsso, authorizing the president In his discretion
upon a declaration Of war by congress. or a
declaration by congress that war exists l d-
rected the increase Of the regular army to the
mnXimum Of 62OUO, authorized in sid act
There are now in the regular army $50! OH.
GERS aud men In said act It provided that
at the end Of any war in which the United
States may become involved the army shall be
reduced to pc ace basis by the transfer in the
same arm OF the service or absorption by promo
tion or honorable disch aTge under such regula-
tons as the secretary OF war may establish Of su.
pernumerary commissioned officers and the hon.
orable discharge or transfer OF su ernumerary
enlisted men, and nothing contained IN this act
shall be construed as authorizing the perma-
nent increase Of the command or enlisted force
OF the regular army beyond that now provided
oy the law in force prior to the passage OF this
act except as to the increase of p majors pro-
yided for in section hereof"
The importance Of legislation for the per-
mHnent increase Of the armv is therefore mani
fest, aud the recommendation OF the secretary
OF war for that purpose has my unqualified ap-
prOval There can be no question that at this
time and probably for some time in the future
10000 men will be none too many 70 meet the
necessities OF the situation At all events
whether that number shall be required per-
manently or not, the power should be given to
the president to enlist that force t. in his dis
erection IL should BE- neces ary; and the further
discretion should be given him to recruit with
in the above limit from the inhabitants Of the
stands with the government OF which we are
charged
1t is my purpose 10 muster out the entire vol
unteer army a, soon as The congress shall pro-
vide for the increase Of the regular establish
ment This will bs only an act OF justice and
will be much appreciated by the brave men who
LETT their homes and employments to help the
country in its emergency.
P.'if R.iIrosdsL
In my last annual message ! stated: The
Union Pacific railway, main line, was sold
under the decree Of the United States court for
the district OF Nebraska the LIST and 2d Of No
yember OF this year The amount due the
government consisted of the principal of the
terest thereon, sl,sliSlLJ7, making the total
indebtedn IS ts4s22t7a The bid at the sale
covered the first mortgage lien and the entire
mortgage claim Of the government principal
and interest
This left the Kansas Pacific case uncon-
cluded. By decree OF the court in that case
IN upset price for the property was fixed at
sum which wou yield TO the government only
250l,OOi upon It's lien The sale at the in
tance OF the government was postponed fir,t
70 'cem0er II, 1891 and later. upon the Appli-
cation OF the United States was postponed TO
February i6 lsqS
II a gratifying fact that the result OF these
proceedings against the Union Pacific system
and the Kansas Pacific line Is that tn govern
-