The Kimball graphic. (Kimball, Brule County, Dakota [S.D.]) 1883-1905, 1899-12-16

vhength.y were abnorsnailystey bscause
81 excessive importations IN the preceai
Ing year s. anticipation Of an, incre s,sTs
si.ssa' s, s s.. IS s1 sgs.isss + ssl..ss's S i sas
Ing the fourth year - our hisstory IN in
M Is5s . a sns e fsHiiias sf Sas sa,lss gsss!.0n below sSss
the supply Of s.eadstuIs abroad was un;
ss sates un snsua large. The total q oaI
t t4ss's ats so%n1 .. l. 81 7l,7sls q ssss;lsi,lsl
Our foreign commerce has much. more
than doubled since 1870. the total Of the
imports and exports combined belng ~
We're lSi,sai.I7i, Isl. anu seem likely In the
year 1900 to pass the two billion doliaI
line. This remarkable growth has pesn
Of 1880 being BIZ. 50 per cent In excess 20. 9a
those of 1910, while the exports OF asss
are 2i2 per cert greater than those e H fn
teresting when considered In connection
Wit the gr 3ss, &. Of p s9 ega =, nna IN NAP poR r.
treasury at 7s,i4S, 900. Il Will be seen that
while the population from ls7o 70 lsss mas ha
GO per cent and the exports III per cent.
showing the rapid increase n the ca.
pacity of.the citizen Of the United a states Is
contribute to those of other parts OF the
world. The average Importation per
capita in 1870 were Sl1.3o and in 1899, $a.i5,
1870 were $40 10 and In 1889 slS.12. In other
words the exports per capita are IS per
cent greater than in 1870.
Immigration.
There arrived during the fiscal year
1899 at ports OF the United States and
Canada 3I1.115 immigrants, exclusive OF
about 25,o0O who came as cabin passen-
gers and an unknown number from Mex
leo and Canada. The total was composed
from Africa ana 5,3as from ali other
sources, making an Increase over the
number naar5y Is for nth the I prefeoiT nss year ,a,s Of I ss4iS, or
were $42l,45 and the total disbursements
for the enforcement of the immigration
laws, G qasehe eha he th aam n'i ef SIS, sSD 81. 81 1as tSe
enforcement of the alien contract labor
u.s. 7sW there was used during the year ISL.
Merchant Marine.
On the 30th OF June, 1899. the merchant
marine Of the United States, Including
all kinds of documented shipping, CONF
On June s. 1 1sss. t C. eo riIori Sc s Il, rs YES
sells Of 4,749, 7ss gross tons. Our total ton
nage on June 80: 1899; was the greatest
shipyards during the fiscal year wa the
largest Of any year except 1891 In the
past quarter Of a century. For the first
steam vessels exceeds that of all other
documented. craft, and our steamships
registered for foreign trade In number
me current fiscal year opened with our
snipyaIds fully employed on commercial
and naval construction. and while the
output this year as last year., the indica-
1 nEns,e favor the %Gontinuanece Of present
mite period.
The state of the treasury exhibits a de-
gree OF financial strength never before
position more favorable than has before
existed to take any steps congress may
consider wise toward in~augurating need
alcious notifications in the banking laws.
There are two points to which public
attention has loEg beer directed and up-
earnestly desired. These are, first, the
money standard, and, second, a better
adaptation of our currency system to
Industry.
II 1t be true. rs true it undoubtedly is.
mat gold Is now our standard OF money
Values, the future needs only the assur-
ance that 1T will SO continue to be, until
at least the people shall be 50 united in
t IN ah, de 81 etr for q change therein as to
slgnature Of the chief executive. The
e con that congress will furnish his
prise, called capital into use, improved
me condition of labor and given new Inn
favorable state of affairs permanent the
highest security. should be given that the
common denominator of ali calculations
IN value shall remain unchanged.
Important as is the establishment Of
our money standard upon a safe and en-
during basis, important as is the guard
adequate reserves, these alone will still
leave our financial system exposed to
evils which ought to be cured. These
eNils arise out OF our situation as 1t re
relates to the currency.
More Elasticity Needed.
ne Wills bliss stability in the currency should
Of needfMl expansion-must also be pro-
yidsd; , The exercise OF this power, with
GENTLY execute 1T. With periodical regu-
aftery y sseari With parked IKE Occurring year
bank credits, checks and drafts-instru-
msnts Of exchange-are proved to be in
gnle'e crops so are eh e. f bs harve shea REQUIRED rec 1hSa.
cost paid. The grain and the cattle are
to be marketed. The western bankers
Its at rest with the bankers in the finan-
ciai centers find that checks and drafts
are not suited to the purposes now in
per Sc. but the. form in which that credit
Is evidenced is not convenient. What
they need for these uses is a form Of
the people, one convenient as to denomi-
nation and one which will pass from hand
TO n without being questioned. In
| Snnrt.Elhnir Mood jG fnr w nar
hard cash. Now, subject to one limita-
tionMthat of safety to the note holder, a
qualification never to be disregarded-it
reason why the Indebtedness Of the bank
er in this field of exchanges should not
be expressed as freely IN his notes of
soltdated entry to the credit Of his dealer
upon his. books OF account. ]. is precise
~ at this point That difficulties. embar-
would be a natural, economical and ef-
fective operation is by the inhibitions and
restrictions Of law now made Impossible.
wants of the country at harvest time
Mould be largely, II not wholly, met BY
the eon y Of bank balances. not
bank notes or paper money. These. per-
forming their function. would again re-
Turn when their service was ended. to be
again transformed into balances in
n where, through the medium of
checks and drafts, the larager CONNER
cial uses would be the better served.
Without making specific recommenda-
tons. the.secretary commended the SUBJ
ject to the thoughtful attention Of con.
gress.
Rough, on Dom Paul.
st. Paul Dispatch: 1t is rather more
than possible that when Dom Paul
hears that some of the ants have been
comparing him to Aguinaldo he will