The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-12-06
PRESIDENT MKINLEY'S
MESSAGE TO CONGRESS-
It Deals With Nearly Every Issue Now Be
fore the American People
AND PRACTICALLY D0DCES ALI But THREE|
An Unequyoca Recommendation of the Gold Standard of
Retiring the Greenbacks and of Ship Subsidy
Bill. Trusts are Naughty But to be ham
died With Care. Future of Cuba
and Philippines Hazy
AS Ever.

The message OF President Mckinley,
read in Congress yesterday, dealt with
more important matters than any mes
sage of recent years. Its salient phases
are as follows:
1t shows a deficit of the Treasury OF
$50. III, ,55967.
1t admits the need of more primary
mone-.-.
1t recommends more power for Ma
tional Banks.
Advises the support of the existing
gold standard" by the sale of bonds and
the redemption of greenbacls to be paid
out again only for gold.
1t favors the passage of the Hanna
Payne ship subsidy bill.
lit deals with the trust evil and re-
comnlends nothing save delay.
1t endorses the Isthmian Canal project.
Recommends the passage of a federal
criminal law TO punish the lynching of
foreigners.
Deals in generalities only with regard
TO Cuba.
1t advises, theoretically, that the
Philippines be held, but makes no spe-
cific Recommendation as TO government.
1t declares that the treaty with the
Sultan Of Sulu was not a. recognition Of
slavery and says it provides that free
dom may be purchased 'sby paying the
market value
.sClcmency is promised 70 the insur-
gents in the Philippines.
1t recommends that Hawaii be made
d judicial district and that a temporary
government for Porto Rico be provided.
1t defends the famous civil service
order
ington's anniversary.
THE MESSAGE.
.sTo the Senate and House of Represen-
tatiyes:
sAt the threshold of your deliberations
you are called to mourn with your
corlntrymen the death of Vice-President
Hobart, who passed from this life on
the morning of November 21st, last His
great soul now rests III eternal peace.
His private life was pure and elevated,
while his public career was ever dis
tinguished by large capacity. stainless IN
tegrity, and exalted motives. He has
been removed from the high office which
he honored and dignifed, but his lofty
character. his devotion to duty, his hon
esty of purpose, and noble virtues remain
with us as a priceless legacy and ex-
ample.
1tlE song OF PROSPERITY.
.sThe Fifty-sixth Congress convenes IN
its first regular session with the country
in a condition of unusual prosperity, OF
universal good will among the people at
home, and in relations of peace and
friendship with every government Of the
world. Our foreign commerce has shown
great increase in volume and value. The
combined imports and exports for the
year are the largest ever shown by
single year in all our history. Our ex-
ports for 1889 al0ne~ exceed by more
than a billion dollars our imports and
exports combined in 1870. The imports
per capita are 20 per cent less than III
1870. while the exports per capita are
IS per cent more than in 1910, showing
the enlarged capacity Of the United
States to satisfy the wants of its own
increasing population, as well as to con-
vrib1lte to those of the people of other
nations.
Exports of agricultural products were
S7S4. 776, 142. OF manufactured products
we exported in value $3.50, ,592, 146, being
larger than any previous year. 1t is
Il noteworthy fact that the only years
in all our history when the products of
our manufactures sold abroad exceeded
those bought abroad were 1893 and 1899.
THE SIZE OF THE DEFICIT
Government receipts from all sources
for the fiscal year ended June Both, 1899,
including $11, 79S, S,314.14. part payment
of the Central Pacific Railroad indebted
ness. aggregated $610,9s2, ,00435. Gus
rom receipts were S206. 12S, ,4S1.1o, and
those from internal revenue S2l3,43I-
1851.
FOR the fiscal year the expenditures
were $700.093, J64.02, leaving deficit Of
SS9, III, ,55967.
'.The Secretary of the Treasury esti-
mates THAT the receipts for the current
fiscal year will aggregate $640,93S, IL,
and upon the basis Of present appropria-
tions the expenditures viii aggregate
S600.95S, 112, leaving a surplus of $40,-
100000.
For the fiscal year ended June Both,
1893. the internal revenue receipts were
increased about 100000 900.
1.-THE gratifying strength of the Trea-
sury Is shown by the fact that on De
cembcr lsf, 1890, the available cash