Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1899-12-13

',-N ~ ports or TIE year The. lpTrDSt oyer
SStoWh 10y single year in all oar history.
our exports FOR $500 alone exceeded by
more than billion dollars our imports anu
exports combined In 1870 The imports nor
capita are - per cent loss than In $50.
VINE the exports ncr capita arc - per cent
nnote man IN 1870. showing the enlarged
capacity ~ the Cuitcd States 20 satisfy the
wants Of It's own increasing popuiation ms
We" as To contribute to those Of the people
o. other nations.
FINANCIAL CONDITION OF THE
Government receipts from nu sourcos ro,.
me fiscal vcar ended June 80. 1893 !uclud-
ing Ii,'@S. II part payment OF the Cen
trnl Pncihc Railroad Indebtedness aggrc-
gated SG1O.9S2. 0Of 3G. Customs rcceipts wo-c
S-O' IN ~. - and those from internal roy
enuc S213. 437 lG1.51 For the fiscal year the
expenditures We're son Ogi. J(j4 o. leaving a
deficit ~ SS9.111 30 ~.
The Secretary ~ the Treasury cstimrtrs
will aggregate 500 a5S.ll2 and rpon the
basis of present appropriations. the cxpcn-
ditureS VIII aggregate 5000 JOSH leaving
Il surplus OF $40 600. 900
For. the fiscal year ended June 20 1890
creased about 500 900 900.
The present gratifying strength of tho
Treasury Is shown 10y the fact that on 10
cemhcr l. 1899: the available cash balance
was in gold coin and bullion. Tho condi-
lions OF confidence which prevail through
T 9%S 'eS Src c9Tr5ry haze BROUGHT s9Id into
now almost entirely paid In that coin.
RECOMMENDS MAINTAINING EXIST-
ING GOLD STANDARD
urgently recommend that. To support the
existing gold standard and 10 maintain tho
parity In value of the coins Of the two
metals gold and silver ana the counl
power OF every dollar at all times IN tho
market and in the payment OF debts" the
Secretary of the Treasury he given add
tlonnl power and charged with the dutv 10
sell United States bonds and to employ such
othcr effective means as may be necessary
10 these ends. The authority should in
cludc the power to sell bonds on long and
short time. ms conditions may require and
should provides for rate OF interest lowe
than that fixed by the act OF January IA
$50. while thcrc Is now no commercial
fright which withdraws gold from the Gov
eminent. hut. on the contrary such wide
spread confidence that gold seeks the Treas
ury, demanding paper money In exchange:
RECOMMENDS DEVELOPMENT OF THE
MERCHANT MARINE
The value OF nm American merchant ma
rinc to the extension OF our commercial
trade and the str"r gihening ~ our POWER
HrOn the sea invites tho immediate action
Of Congress. our national DEVELOPMENT viii
be one-sided and unsatisfactory So long n :
the remarkable growth Of our inland indus
tries remains uulccompanicd by progress
on the seas. There Is no lack of IegisIa-
ton which shall give to tho country mari
time strength commensurate with ITS In
dustrial achievements and with It's rank
among the nations Of the earth We shall
fail to realize our opportunities. however.
NJ we complnceuty regard only matters NJ
home. and blind ourselves ~ the necessity
Of securing our share I'm the valuable carry
Ing trade of the world.
CHAPTER on THE TRUSTS.
Combinations OF capital organized into
trusts TO control the conditions ~ trade
among our citizens. 10 stilc comprtition
limit production and determine the prices
~ products used and consumed by the moo
pie. arr iustlJ provoking public discussion
and should carly claim the attention Of the
The subject Is one giving rise To many az
vcrccnt views NJ to the nature and variety
or cause and extent Of tho Injuries TO tho
public which may result from large commit
nations concentrating moro or less nUmer-
Gus enterprises and establishments which
previously 10 the formation ~ the combina-
tion were carried on separately.
" Is universally conceded that combina
tions which cngrOss or control tho market
commodity necessary 10 tho general com
munity. 10y suppresslrg natural and ordl-
nary competition. whereby prices arc I'm
duly enhanced To the general consumer. are
obnoxious not only to the common law but
also TO tho public welfare. There must he
. remedy FOR the evils involved Ina such or
ganizltions. II the present law can be Ok
tended more certainly to control or check
these monopolics or trusts. n should De
congress possesses over this most lmDor-
tant subject should be promptly oscertaincd
The prosecution bv tho United states Of
oTcnscs under the act or 1870 has boon fro
Uucntly rcsorted To I'm the Federal Courts
and notable efforts iu the restraint ~ inter
state commerce. such ms the Trans Missouri
FREIGHT Association aud the Joint Traffic
Association. have been successfully opposed
and suppressed
Tho question Is so Important ana FAR
reaching that ! am sure no part ~ IL viii
DC lightly considered. but every phase Of n
sill have the studied dcllhcrntion NJ thc
CONGRESS. resulting I'm wise and iudicious
seton.
OUR FOREIGN RELATIONS
4 review ~ orr relations with foreign
states f. presented. with such rccomIncndl-
deemed WuurUWTiTfu.
Tho long pending boundary dispute br.
twcru fho Argentine Republic ana Chile
was settled iu Mach Iasi lv thn award OF
ON HrlitrHi c'mwi,s Com. ou which tho Unit.
rd StHto- Minister at Eucnos Ayrcs served
~ is aarfgiag fo Doc able to announce
tiat tHn Eo.-In -1'ornmrut has miti-atcl
tie from the United States. 10 which I re-
f.frcd iu jay ast annual message.
s convention 81 eNtrHdiiiou with Brazi.
sl--ou May 10. 1897. has boon ratified Iy
the brazilian Leg stature.
The NicnraCus Canal Commission. which
sud been engaged upon tho work Of cXami-
nation and survey Tor ship canal route
across Nicaragua. having completed its Ia-
hors and made Its report. WIS dissolved ON
May n. and ou June 10 "a now commission.
s23Wu as the Isihmian Canal Commission.
was organized under the terms OF the act
Improved March g. 1890. for Tine purpose or
examining the American isthmus. with
y,ew 60 determining the most practicable
md feasible route FOR ship canal across
the isthmus. with is probable cost and
other essential details.
III. commission. under the presidency 81
R,sE Adv sal John g. Walker, v. s. ".