Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1899-12-07


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 government. |
We are doing these things with the
means at hand. Happily at the pres
ent time we are not compelled to re-
sort to loans to supply gold. 1t has
been done in the past, however, and
may have to be done in the future. 1t
behooves us, therefore, to provide at
once the best means to meet the emer-
gency when it arises, and the best
means are those which are the most
certain and economical. Those now
authorized have the virtue neither of
directness or economy. We have al
ready eliminated one of the causes of
our financial plight and embarrassment
during the years 1898, 1894 1895 and
1896 Our receipts now equal our eX-
penditures; deficient revenues no
longer create alarm. Let us remove
the only remaining cause by comforting
the full and necessary power on the
secretary of the treasury and impose
upon him the duty to uphold the pres
ent gold standard and preserve the
coins of the two metals on parity
with each other, which is the repeat
eddy declared policy of the United
States The presidents former recon-
mendations that a portion of the gold
ho1 Io MI in fin
from which greenbacks shall be re-
deemed upon presentation, but when
once redeemed shall not thereafter be
paid out except for gold.
Trusts.
announcement of the merchant
marine is urged and, speaking of trusts
the president declares that it is uni
versally conceded that combinations
which engross or control the market
of any particular kind of merchandise
or commodity necessary to the gen
eral community, by suppressing nat
ural and ordinary competition, where
by prices are unduly enhanced to the
general consumer, are obnoxious not
only to the common law but also to the
public welfare. There must be a rem
| edy for the evils involved in such or
CARNATIONS If the present law can be
extended more certainly to control or
| check these mOnOpOlies or trusts, it
should be done without delay. What
ever power the congress possesses over
this most important subject should be
promptly ascertained and asserted.
The present antitrust law is quoted,
as we'll as opinions on the subject by
Harrison and Cleveland in this message.
1T is apparent that uniformity Of
legislation upon this subject in the
several states is much to be desired,' -
the president says The whole ques-
ton is so important and far-reaching
that he is sure no part of it will be
lightly considered but every phase of
it will have the studied deliberatiOn
of the congress, resulting in wise and
judicious action
A review of our relations with
foreign states is presented.
The long pending boundary dispute
between the Argentine republic and
Chill was settled in March last by the
award of an arbitral commission, on
which the United States minister at
Buenos Ayres served as umpire.
Progress has been made toward the
conclusion of convention of eXtradi-
ton with the Argentine republic
Having been advised and consented to
by the United States senate and rati-
! fed by Argentina, it only awaits the
adjustment Of some slight changes in
the text before exchange.
Minor Foreign Affairs
Allusion is made to the good part
we played in settling the Argentine,
Chill dispute; - the new eXtraditioI
laws with the Argentine Republic ant
Brazil; to Austrias vain claim for in,
demnity for the killing of certain
miners in Pennsylvania; to the fact
that Belgium will now admit our cat
tie more freely but that Denmark is
still Obdurate; to the assumption Of re.
lations with the new Santo DOMINICAN
government; and to the Bluefields cpl,
sode. In connection with the inter
oceanic canal project the president
talks of the various franchises ani
commissions and adds: The great i'm.
portance of this work cannot be toe
often or too strongly pressed upon th1
attention of the congress-"
China.
After declaring that American CAPT
tai is conspicuous in Chinese develop.
ment the president says:
The extension of the area open to
international foreign settlement at
Shanghai and the opening Of the ports
of Marking, Tslng-Tao (kiao Chao)
and Ta-LienWan to foreign trade and
settlement will doubtless afford Ameri-
can enterprise additional facilities and
new fields, Of which it will not be slow
to take advantage" An appropriation
for commission to study the CONNER
cial and industrial conditions in the
Chinese empire is recommended
President Faure's death is alluded to
and support Of the Paris exposition is
recommended at much length. Speak
| ing of Germany the president says
that our relations continue to be most
cordial The increasing intimacy OF
direct association has been marked
during the year by the granting per-
mission in April for the landing on our
shores Of a cable from Borkum Emden,
on the North sea, by way of the Azores,
ana also by the conclusion on Septem-