Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1898-12-14
Our Finances.


S6S ,os2: There was collected from Gus
to on soS $l49 o62 and from internal revenue
$l7o,90o,6 41; Our dutiable imports amount
ed to 1924, 7S5,479, a decrease of $5S, 1856 $50
over the preceding year, and importations
Tree OF DUTY amounted to $29l, 4l4. IT'S. de-
524,06S. Internal revenue receipts exceeded de-,
those of the preceding year by 81, PIP, O68
The total tax collected on distilled spirits
ss6, 2so.522, and on fermented liquors $751;
515,421. We exported merchandise during
t ereaye of t. f, an in
year: It is estimated upon the basis Of
se 1885, VIII Se 52F th sn fn s sxn5 ne
of SLIP. 100000.
Recommendation Renewed
f HaeSns SO much 1ss7 of my feSommendation
presented for redemption in gold and are
redeemed in gold, such notes shall be kept
for gold. This is an Obvious duty. If
TIE holder Of the United States note pre-
ers the god ara gets it from the
the government q United States note with
out paying gold in exchange for it. The
parent when the government issues an in
terest-hearing debt to provide gold for the
redemption Of United States notes-a non
for gold. If they are put out in any other
way they may d return again to be followed
another Understanding debt to re-
deem a MISUNDERSTANDING debt This
accommodating was made in the belief
to a greater degree the safety of the pres
ont standard and better protect our cur
rercy from the dangers to which it is
subjected from disturbance in the gem
eral business conditions of the country
Other Currency Legislation Needed.
In my judgment the present condition of
the treasury amply justifies the immedi-
ate enac ona OF sne Legislator recon
ton of the gold holdings should be placed
in a trust fund from which greenbacks
when once redeemed should not thereafter
be paid out except for gold. 1t is not to
be inferred that other legislation relating
contrary there is an obvious demand for
it. The Importance of adequate provision
which will insure to our future a money
now and to that Of our commercial rivals
is generally recognized. The companion
proposition that our domestic paper cur
lated to the needs Of our industries s. and
internal commerce cree, IS to be e; adequate and
its parts. is commended to the wise con-
sideration Of the congress.
The Standing Army.
u n e the act Of approved
his discretion, upon a declaration of war
by congress, or declaration by congress
that war exists, I directed the increase
of the regular army to the maximum of
now in the regular army 57,S62 officers and
men. In said act it was provided that
at the end Of any war in which the United
be reduced to peace basis by the transfer
in the same arm of service or absorption
by promotion or honorable discharge un-
der such regulations as the secretary of
war may establish of supernumerary COM
missioned officers and the honorable dis
charge or transfer Of supernumerary en-
listed men; and nothing contained In this
act shall be construed as authorizing the
permanent increase of the commissioned
yond that now provided by the law in
force prior to the passage Of this act. ex-
cept 81 to the increase Of 2? majors pro-
The Importance of legislation for the
permanent increase of the army is there
fore manifest, and the recommendation of
fn S Thers cpn
question that at this time and probably
for some time in the future, 100000 men will
Of the situation: At ali events, Whether
that number shall be required permanently
or not, the power should be given to the
erection it should be necessary and the
further discretion should be given him to
recruit within the above limit, from the
inhabitants of the islands with the gov
eminent of which we are charged.
1t is my purpose to muster out the en-
tire volunteer army. as soon as the con-
regular establishment This will be only
an act of justice and will be much appre-
ciated by the brave men who left their
homes and emplOyments to help the coun-
try in its emergency.
The Pacific Railways.
In my last annual message stated: THE
Union Pacific railway, main line, was sold
under the decree of the United States court
End of November of this year. The amount
due the government consisted of the prin-
cipal of the subsidy, bonds, s27,23G,512, and
making the total indebtedness $58, 448, 223.75
The bid at the sale covered the first mort
gage 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 an upset price for the property was
government only $2,500,000 upon it's lien
The sale at the instance Of the government
was postponed first to December l5 1897,
United States was postponed to February
Is, 1898. Having satisfied myself that the
interests Of the government required that
an effort should be made to obtain larger
sum directed the secretary Of the treas
pay out Of the Treasury to the persons s' en- n
upon all prior mortgages upon the eastern
and middle divisions of said railroad out
Of any money in the treasury not other
ney general prepared petition to be pre-
sented to the court offering to redeem said
prior liens In such manner as the court
the United States might be held to be
subrogated to all the rights Of said prior
lien holders and that receiver might be
appointed to take possession of the mort
Gagged PREMISES