The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1899-12-14
President MCXinley'S Review
Of National Affairs Laid
Eeftre Congress.
MUST HOLD PHILIPPINES
Declares Fer God Standard and Re-
commends Congressional Re-
str'c.iol OF Trusts.

Auu@Pehuehco TOT Cubh hnen ihe IeOple
Are Eendy-A Territorial OrganIza-
iinn For Porto Rico-rreaty Rights or
Aliens-Pacifc Cable Needed--Partl-
tion OF Sanon-Our Army at Manila
Neutrality in the Trnnsvaal War lie.
nitirmed-This Country at Pence with
FoteigD Nations-- --Pan-AmerIcnn ExIi-
WAsHINGToN, d. @. (SpeciaD. - Prcsident
McKnley's message, delivered to the Fifty.
sixth Congress on the second day of the
session, declares emphatlcally for the re-
tention OF tho Philippines, the upholdlng
OF the gold standard and the building OF
the Nicaragua Canal. He denounces trusts,
but points out that legislation to curb
them is hard to devise.
On the subject of the Philippines tho
President declares that our retirement
would lead to contest among foreign
governments, no one OF which would per.
nit any OF the others to occupy the isl
ands without a struggle, and that the re.
suit would inevitably be TO plunge tho
Philippines into anarchy md war. pro-
tectorat o is also impossible, he announces,
as We would have to protect the inhabit-
ants from one another as well as from
foreign powers with whom they might be-
come involved.
Regarding Cuba the President states
that the United States is pledged to give
the island it's liberty when the inhabitants
have shown their eapabllity for self-gov-
ernment, aud this pledge is solemnly re-
affirmed"
Main Points of the Message
Governments modelled to great extent
on those now in operation In our Terri.
tories are recommended for Porto Rico,
Hawaii and Alaska.
The main points OF the message are as
follows:
To the Senate and House of Representa-
tives:
At the threshold OF your deliberations
you are called to mourn with your coun-
trymen the death of Vice. President Hobart,
who passed from this life on the morning
of November 2lst last. His great soul now
rests in eternal peace. His private life was
pure aud elevated, while his public career
W ever distinguished by large capacity,
stainless integrity, and exalted motives
He has been removed from the high office
which he honored and dlGniled, but his
lofty chur'c cter, his devotion to duty, his
honesty OF purpose, and noble virtues re.
main with us rs II priceless legacy and ex-
annie.
Inc EltIy-SlNln congress COuNeneS IN ITS
first regular session with the country in u
condition OF unusual prosperity, OF univer-
sal good will among the peopeat home, and
in relations OF peace aud friendship with
every government Of the world. Our for
eign 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 his.
tory.
The President then quotes figures from
the annual reports OF his Cabinet officers
which bear him out in the above statement.
New Banking Act.
The President finds that under the rapid
development in the industries of the coun-
try tine national banking act Is not n SUM-
cient avenue through which needful uddl-
tions to the circulation can from time to
time be made. He therefore asks Congress
to take up this matter with the view OF rs
Certalning whether or not such reasonable
notifications can be made as will render
the acts service in the particulars referred
to more responsive to the peoples needs.
He urges that national banks be authorized
TO organize with capital OF $4,000.
For Gold standard.
President Mckinley then proceeds to dis.
ouss the standard OF money, and says:
l urgently recommend that to sup.
port the existing gold standard and tc
maintain the parity In value OF the coins
OF the two metals gold and silver and the
equal power OF every dollar ut all times In
the market and in tho payment OF debts
the Secretary OF the Treasury be given ad.
ditional power and charged with the duty
TO sell United States bonds and to employ s
such other effective means as may be neces
sary to those ends.
The financial transactions of the Gov
ernment are conducted upon n gold basis.
We receive gold when we sell United States
bonds and use gold for their payment. We
are maintaining the parity OF all the money
issued or coined by authority of the Gov.
ernmeDt. We are doing these things with
the means ut hand.
supply of Gold.
Happily, at the present time we are mol
compelled to resort to loans to supply gold
1t has been done In the past, however, aud
may have to be done In the future. 1t be
hooves us, therefore, to provide at once
the best means to meet the emergency
when II arises, and the best means are
those which are the most certain and
! economical.
In this connection l repeat my former
| recommendations that portion of th,
! gold holdings shall be placed In u trust
| fund from which greenbucks shall bs re.
| deemed upon presentation, but when once
| redeemed shall not thereafter be paid out
except for gold.
The Subject OF Trusts.
After an urgent appeal to Congress Il
| pass some legislation which shall lift the
| American merchant marine from its present
| state OF decadence President Mckinley
turns his attention to the subject OF trusts
and devotes great deal OF attention TO 1t
| He says:
| Combinations OF capital organized into
| trusts to control the conditions OF trade
among our citizens, to stlfie competition
| limit production and determine the prices
OF products used aad consumed by the peo
pie, are justly proyolSluR-public dl-cussioD
and should early claim the attention o.
| Congres
1t is universally conceded that comblna
tions which engross or control the market
| OF any particular kind OF merchandise Ol
commodity necessary to the general com
munlty byeuppresslng natural and ordi
nary competition, whereby prices are un
| duly enhanced to tue general consumer
| are obnoxious, not only to tho common
| law, but also to- the public welfare.
There must be nremedy Tor the evils In
| volyed In such organization, II the pres
ont law can be extended to more certalnl
| control or check thesA monopolles o
trusts, It should be doIte without delay
Whatever power the CohNTess possesse
over this most important subject should
promptly ascertained and asserted.
Foreign Affalrs.
Following the trust question tbeRres
dent takes up foreign relations, ilrs r'
| viewing the status OF several dispWt
which the government has on hand q
finding them moving toward a successful
| Aettlement
He finds that the Isthmlan Canal Con
(mlsaiOn Ia making good DrORresa in car IA