Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1899-12-09

tiO''uo at manu-. f1dpplly AT the pTeSSHJ
time We are not compelled to resort to
ioaNs to supply gold. 1t has been done
In the past, however, and may have to
De uoAe IN the future. 1t behooves us,
therefore, to provide at once the best
means to meet the emergency when it
arises and the best means are those
which are the most certain and eco
nomical Those now authorized have
the virtue neither of directness nor
economy. We have already eliminated
one OF the causes of our financial plight
and embarrassment during the years
1893, 1894, 1895 and 1896. Our receipts
now equal our expenditures; 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 present gold standard and preserve
the coins of the two metals on parity
with each other, which is the repeatedly
declared policy of the United States.
In this connection, l repeat my form
err recommendations that portion of
the gold holdings shall be placed in
trust fund from which greenbacks shall
be redeemed upon presentation, but
once redeemed shall not thereafter be
paid out except for gold.
The Merchant Marine.
The value of an American merchant
marine to the extension of our COM
mercial trade and the strengthening of
our power upon the sea invites the
immediate action of congress.
Trusts.
Combinations of capital organized in
TO trusts to control the conditions of
trade among our citizens to stifle COM
I petition, limit production and deter
mine the prices of products consumed
by the people are properly provoking
public discussion and should early
claim the attention of congress.
The subject is one giving rise TO
many divergent views as to the nature
and variety or cause and extent of the
injuries to the public which may arise
from large combinations concentrating
more or less numerous enterprises and
establishments which previous to the
formation of the combination were car
ried on separately.
1t is universally conceded that com
binations which engross or control the
market of any particular kind of mer-
IchandiSe or commodity necessary to the
general community by suppressing
natural and ordinary competition
whereby prices are unduly enhanced to
the general consumer, are obnoxious
not only 20 the common law, but also
to the public welfare. There must be a
remedy for the evils involved in such
organizations.
In Foreign lands.
A review of orr relations with for.
eign governments is presented with
such recommendations as are deemed
appropriate.
The long pending boundary dispute
, between the Argentine republic and
Chile was settled in March last by the
award of an arbitration commission on
which the United States minister al
Buenos Ayres served as umpire.
Progress has been made toward the
conclusion of a convention of eXtradi
ton with the Argentine republic. Hav
: ing been advised and consented to by
= the United States senate and ratified by
Argentina, it only waits the adjust
: ment of some slight changes in the
: text before exchange.
The experimental association of Mic
aragua, Honduras and Salvador, under
the title Of the Great Republic of Cen
trail America, when apparently on the
: threshold of a complete federal organi
zation by the adoption of constitution
and the formation of a legislature, was
disrupted in the last days of Noyem
Der, 1898, by the withdrawal of Saliva
dor. Thereupon Nicaragua and Hon
duras abandoned the joint compact
each resuming its former independent
sovereignty.
l The Nicaragua CnnnI.
The contract of the Maritime Canal
. Company of Nicaragua was declared
> forfeited by the Nicaraguan govern
. ment on the 10th of October, on the
, ground of 'nOn-fulfillment within the 1O
years term stipulated in the contract
The Maritime Canal Company has
lodged a protest against this action, al
= leging rights in the premises which ap
pear worthy of consideration. This
, government expects that the Nicarag
, uan government will afford the protest
ants a full hearing upon the merits OF
the case.
! The Nicaragua canal commission
which has been engaged upon the work
of examination and survey for a ship
canal route across Nicaragua, having
completed its labors and made it's re-
} port, was dissolved on May 81, and on
2 June 10 new commission known as
the Isthmian canal commission, was or
ganized under the terms of the act
2 approved March 3, 1899, for the purpose
2 of examining the American isthmus
| with a view to determining the most
practicable and feasible route for a ship
r canal across that isthmus, with its
} probable cost and other details.
This commission, under the presi-
: dency of Rear Admiral John e. Walker,
: L. S. n (retired) entered promptly up
{ on the work intrusted to it and is now
? carrying on examinations in Nicaragua
: along the route of the Panama canal.