The record-union., 1898-06-16
IN THE SENATE.
Consideration Of the International
Bank Bill Resumed.

WASHINGTON, June Is. - After
passing a number Of pension bills and
listening to a carefully prepared speech
on the advantages of Republican tariff
legislation by Pritchard of North Caro-
lima, the Senate to-day resumed con-
sideration of the International bank
bill. An amendment was accepted by
the committee extending privileges Of
the measures to all citizens of the
United States, instead Of restricting
them to those mentioned in the bill.
When the Senate fjonrned considera-
ton Of the bill was mot concluded.
After the transaction Of some rou-
tine business to-day the Senate. under
special order, began the consideration
of bills on the private pension calen-
dar. During the. consideration Of the
pension calendar thfty-two bills were
passed in thirty-three minutes Among
the bills passed was one increasing the
pension of Mrs Margaret Love Skier
ritt, widow Of. Rear, Admiral Skerritt,
from $50 to $50 a month.
Pritchard R) OF North Carolina
then addressed the Senate as follows:
The great change which has taken
place in the financial, commercial and
economic conditions Of our country
since the inauguration Of a Republican
President and the enactment of a Re-
publican law directs attention again to
the benefits which have Invariably
flowed from the administration of the
Government by the great party of Lin
coin, Grant and Mckinley. Not in
many years, if ever, have the material
prospects of the United States been as
bright as they are to-day, and for this
the wise and patriotic legislation form
ed and passed by the Republican party
is responsible. Y,
"A prediction made public by the Bu-
reau of Statistics recently might we'll
have been received with amaZementl
and increduility by those who have not
followed carefully the trend Of our ma
tional trade during the year. To sug-
gest that the balance of trade in favor
Of the United States for one year could,
much less would, reach the prodigous
sum Of 5000, 1000 900, seemed like idle
folly Never. before in the history of
the nation has the favorable trade bal
ance been half that much. And yet
the prediction was well founded, and
unless the law Of probabilities fail, the
trade balance, which for the ten
months ending April Both was S514,-
245, ,495, will be over $500, 100000 by
June 3Oth The nearest approach to this
extraordinary record was last year,
when the balance in our favor was
$3.50, ,263, IA.
1T estimated that for the full fiscal
year the net amount Of coin received in
partial settlement Of our huge mer-
chandise balance will be at least $780,
100000.
This is more than double any pre-
vious cash balance for one year, the
largest having been S44 ,653, 200 for the
year 1879"
After describing agricultural and
commercial trials through which the
South has passed, Pritchard said:
''But brighter day has dawned. Out
of the wreck Of schemes and ill-founded
hopes has arisen new generation,
who, working with head, hand and
heart, are raising the Southern States
to place where prosperity. plenty and
happiness shall be the familiar por-
ton Of their people. In the front rank
OF States that are working out splen-
did destiny stands North Carolina No
State has greater possibilities, none
greater need of the fostering care that
flows from the Republican control of
the Government.
THE citizens of my State have not
been backward in entering upon the
development of her industries, and the
whir Of spindle and the click Of the
loom in hundreds OF cotton mills is
daily teaching her people the great les
son Of Industrial expansion. Prosperity
has come to North Carolina to stay.
This year there is a boom. Farm
products are from 10 to 40 per cent.
advanced Horses are 75 per cent.
higher than In 1897 and few are to be
had. Poultry are 100 per cent. above
last year. The lumber industry that
was prostrated in 1S96-97 is active and
prosperous. Tobacco 10 higher than in
four years.
such Is the news that comes to our
ears not only. from North Carolina but
from every part OF this great country.
The song of an ever widening, ever
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