Little Falls weekly transcript. (Little Falls, Morrison Co., Minn.) 1894-19??, 1899-12-08
Presidents Annual Communl-
cation Duly Delivered
to Congress.
Gold Standard Should Be For-
mally Adopted at This
Session.
Philippine Question One of
the Large Ones Congress
/ Must Deal With.
To the Senate and House Of Representa-

To the Senate and House of Representa-
, tivcs:
At the threshold of your deliberations
you are called to mourn with your coun-
trymen tho death of Vice President Ho-
bart, who passed from this life on the
morning of Nov. 21st last. His great soul
now rests in eternal peace. His private
life was pure and elevated, while his pub
lie career was ever distinguished by large
capacity, stainless integrity and exalted
motives. He has been removed from the
high office which he honored and digni-
fed, but his lofty character, his devotion
to duty, his honesty Of purpose and noble
virtues remain with us as priceless leg
Rcy and example.
Condition Of Unusual Prosperity.
Y The Fifty-Sixth congress conven es 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 tho
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 sim
gle year in all our history. Our exports
for, 1899 alone exceeded by more than
billion dollars our imports and exports
combined in 1870. The imports per capita
are 20 Der cent less than in 1870, while the
exports per capita are SO per cent more
than in 1870, showing the enlarged ca
pacity Of the United States to satisfy tho
wants Of its own increasing population,
40 we'll as to contribute to those OF the
peoples of other nations.
Man u1actured Exports Exceed Imports.
Exports of agricultural products were
e7Si, .U,l42, OF manufactured products
we exported in value $3.50, 500, 146, being
larger than any previous year. 1t is d
noteworthy fact that the only years In all
our history when the products of our
manufactures sold abroad exceeded those
bought abroad were 1895 and 1899.
Government receipts from all sources
for the fiscal year ended June 80, 1899, in
cludinf: $1l, 79S. 314 IA, part payment of the
Central Pacific railroad indebtedness,
aggregated $50, 9s3 ,0O435. Customs re-
ceipts were $2O6, 12S, 4s1. 70, and those from
revenue $s73 437, l61 81.
For the fiscal year the expenditures
were 500, O93, 56A. o., leaving deficit Of
eS9 II, 559,67.
The secretary of the treasury estimates
that tbs receipts for the current fiscal
year will aggregate s64o, 1853, 1l9, and upon
tho basis of present appropriations the
expenditures will aggregate 5000, 95S, 112,
leaving surplus Of S40,0o0,000.
For the fiscal year ended June 30, 1899,
the internal revenue receipts were in
creased about 800, GOO.
Straprth IF the Trea.urv
The present gratifying strength Of the
treasury is shown by the fact that on Dec.
l, 1889, the available cash balance was
$27s, 90, S377 70, of which $3.50, IA 80 was
in gold coin and bullion. The conditions
of confidence which prevail throughout
the country have brought gold into more
general use and customs receipts are now
almost entirely paid in that coin.
The strong condition of the treasury
with respect to cash on hand and the
favora BILE showing made by the revenues
have made it possible for the secretary OF
the treasury to take action under the
provisions of section $685., Revised Stat