The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1899-12-08
NATIONAL MATTERS.
The Presidents Annual State Paper
Delivered to Congress.
DISCUSSION OF PENDING PROBLEMS.
He Takes Positive Stand for Retention
OF the Philippine TzIaBds-ReCOm-
mendatIOns for Cuba-Deciares
for Gold Standard

lAAAEg FEcLELDnF u cA4AeLlllL LCA LlAC 4DA-
lowing message to the Fifty-sixth con-
gress:
To the Senate and House Of Representatives.
At the threshold Of your deliberations you are
called to mourn with your CCuntrymen the death
Of Vice President Hobart who passed from life
On the mOrni ne Of ~, vember p last His good
soul now rests IN eternal peace lis private
life was pure and elevated. while his public
career was ever dist uzui>Egd by large capacity,
stainless integrity. and exalted motives He
has been removed from the hi-h ONCE which he
hOnOred and diEulied tut his lofty character,
his devotion 20 duty. his honesty Of purpose,
and noble virtues remain with US as q priceless
legacy and example
A. the Country Condition
The Fifty-Sixth congress c0nvenes IN its first
REGULAR session with the country in condition
Of unusual prosperity Of universal good viii
EUCuE tie PEOPLE gt home ana in relations Of
peace aud friendship with every government OF
the word Our fCrei-u commerce has shown
great Increase IN volume and value The COM
bind imports and eyl ort> for the year are the
lar est ever shown lu a sin le year in all our
history Our exports for 1879 alone exceeded by
mere than SO C-tcu,.tO cur imports and exports
combined in iS5U- The imports per capita are
70 Fer tent ie>> than III ls o. while the exports
Per capita are - Ter cent more than in 1870
showing the ENLARGED car acity o. the United
States 70 satisfy the O. Of its own iuCreas-
In CTUlatiou- as well as 20 contribute 70 those
Of the PEOPLE OF other nations
tx oEL~ OF a-ELEla-llEaL lEDlAEL~ were Etca--
&c. f. OF manufactured products we exported
in value SS3g- So I45. Deiu- larger than any pre-
viOus year. II Is noteworthy fact that the
only years in all cur history when the products
OF our manufactures sold abroad were 1898 and
1852 Government receipts from all sources for
the fiscal year ended June 81. 1879, including
e1l,7gS,3I4 a. part payment OF the Central Pa
cifC railroad indebtedness, aEgreEat ted 500 9S2,
O0z-S5 Customs receipts were sos, u, 4sI75
and those from internal revenue, SO 45f- Oh 81
For the fiscal year the expenditures were S7O,-
O93, 64O2 leaving deficit Of $50 $685. The
secretary Of the treasury estimates that the re-
CeiptS for the current fiscal year viii aggregate
SOL, 95S, li2 and upon the basis Of present ap-
prOpriationS the expenditures viii aggregate
800, 95s, ll2- leaving a surplus Of S4J,OOJOOJ-
For the fiscal year ended June 3D. 1899. the
internal revenue receipts we're increased about
sl0Q,OOOOO0- The present gratifying strength Of
the treasury is shown by the fact that on De-
eember T. 1882 the available cash balance was
e276, O4 ,s3772- OF which $50, 744-9 $50 was in
gold coin and bullion The conditions of conf
denCe which prevail throughout the country
have brought gold into more general use aud
Gus toms receipts are now almost entirely paid
IN that coin.
Increased activity in industry. with its well
come attendant larger employment for labor
at higher wages-giveS to the body Of the people
O larger power to absorb the circulating me-
dium. 1t is further true that year by year, with
larger areas Of land under cultivation, the in
creasing volume OF agricultural products, cot
ton. corn and wheat calls for larger volume
Of money supply
The National Banking Act
In its earlier history the national banking act
seemed TO prove 4 reasonable avenue through
which needfuI additions to the circulation could
from time to time be made Changing COndi-
lions have apparently rendered it now inOpera-
tive to that end TIE high margin in bond Sc
curities required resulting from large premi-
ums which government bonds command in the
market, or the tax on note issues. or both Oper-
ating together. appear to be the influences
which impair its public utility.
The attention Of congress Is respectfully in
vited to this important matter with the view Of
aScertafning whether or not such reasonable |
notifications can be made in the national
banking act as viii render its service IN the par
ticulars here referred TO more responsive 70 the
peoples needs again urge that national banks
be authorized to organize with capital OF So
For the Gold Standard
IurEently recommend that TO support the ex-
listing gold standard. and 70 maintain the par
ity in value Of the coins Of the two metals (EOid
and silver and the equal power Of every dollar
atau times in the market and In the payment
OF debts the secretary Of the treasury be
given additional power and charged with the
duty TO sell United States bonds and 70 employ I
such other elective means as may be necessary
70 these ends The authority should include
the power to sell bonds on long and short time,
as conditions nay require. and should provide
for rate OF interest lower than that fixed By
the act Of January A. 1879 While there is now no
commercial fright which withdraWs gold from
the government, but, on the contrary such
widespread confidence that gold seeks the
treasury demanding paper money IN exchange
yet the very situation points 70 the present as
the most fitting time to make adequate prOvi-
sion 90 insure the continuance Of the gold stand
ard and Of public confidence IN the ability and
purpose Of the government 20 meet all its obi
Eatf0us in the money which the civilized world
recognizes as the best The financial transac-
tons Of The government are conducted upon
gold basis We receipt gold when we sell . nibed
States bonds and use gold for their payment.
We are maintaining the parity OF all the money
issued OF coined By authority OF the govern
meuE We are doing these things with the
means 1t hand Happily at the present time We
are not compelled 10 resort 20 loans to supply
gold Ii has been done in the past, however,
and may have 70 be done IN the future 1t be
hooves Us therefore. 20 provide at once the best
means to meet the emergency when 1t arises,
and the best means are those which are the
most certain and economical Those now au-
thorfzed have she virtue neither Of directueSS or
economy. We have already eliminated one OF
the causes OF our financial plight and embar-
rassment during the years 1893, 1924, 1888 and
1854 Our receipts now equal our eEpeudit ures5
deficient revenues no longer create alarm Let
Us remove the only remaining cause By confer
ring the full and necessary power on the Secre-
tary OF the treasury aud impose upon him the
duty 20 uphold the present gold standard and
preserve the coins OF the two metals on parity
with each other. which is the repeatedly de-
clared policy OF the United States
IN this connection repeat my former recon-
Hnendatio1s that 6 portion CT the gold holdings
shall be placed in a trust fund from which
Rresnbacks shan be redeemed upon presenta-
ton but when once redeemed shall not there
after be paid ont except for gold
For Merchant Marine.
The value OF an American merchant marine
10 the extension Of our commercial trade and
the strengthening Ct Cur power upon the sea in
Tftss the immediate action Of congress Our
"a flouai development viii be oue-sided and IN
satisfactory 50 Iong IS the remarkable growth