Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1899-12-05

Washington, Dec. 5.-The presidents
message was delivered to mgr to-
day. In it the chief executive says:
To the Senate and House of Represent
atives:
At the threshold Of your deliberations
you are called to mourn with your
trymen the death Of Vice President HO-
bart, who passed from this life on the
morning Of Nov. q last. His great soul
now rests in eternal peace. His private
life was pure and elevated, while his
public career was ever distinguished by
large capacity, stainless integrity and ex-
allied motives. He has been removed
from the high office which he honored and
dignified, but his lofty character, his de-
votion to duty, his honesty of purpose
and noble virtues remain with us as a
priceless legacy and example.
REMARKABLE GROWTH.
The Fifty-sixth congress convenes in
it's first regular session with the country
in a condition OF unusual prosperity, OF
universal good will among the people at
home and it's relation of peace and friend
ship with every government of the world.
Our foreign has shown great
increase in volume and value. The COM
bined imports and exports of the year are
the largest ever shown by a single year in
all our history. Our exports for 1899 alone
exceed BY more than a billion dollars the
imports and exports combined in 1870.
The imports per capita are twenty per
cent less than in 1870 while the exports
per capita are SO per cent more than in
1870, showing the enlarged capacity OF
the United States to satisfy the wants of
its w increasing population, as we'll as
to contribute to those of the peoples of
other nations. Exports of agricultural
products were 1854, ZIG, 142. OF manufac-
tured products we exported in value
$3.50, 592. LAG. being larger than any pre-
vious year. 1t is a noteworthy fact that
the only years in all our history whcn the
products of our manufacturers sold
abroad exceeded those bought was 1898
and 1899.
Government receipts from all sources
for the fiscal year ended June 80, 1899. in
Guiding $11, s 3,314.14 part payment of the
Central Pacific indebtedness, aggregated
$61O, 9S2, GOA. 81.
Customs receipts were $206. 12S, 4S1 10,
and those from Internal revenue 1878 49,
161. 81. For the fiscal year the expendi-
lures We're 500, 093,h64 o., leaving a deficit
of $50. III. $50. 81.
The secretary of the treasury estimates
that the receipts for the current fiscal
year will aggregate $640, 95S, 112. and upon
the basis of present appropriations to ex-
penditures will aggregate $500, 958, 1l2,
leaving $4O,O0u, OoO for the fiscal year
ended. June 80, 1899. the internal revenue
receipts were increased about 500, DOC, 600.
The present gratifying strength. of the
treasury is shown by the fact that on Dec.
/, 1899, the available cash balance was
$27s, 0o4, 1912, of which $239, 744, eo5. SO was
In gold coin and bullion.
The conditions cf confidence which pre-
vail throughout the country have brought
gold into more general use and customs
receipts are now almos entirely paid in
the coin. The strong condition of the
treasury with respect to cash on hand
and the favorable showing made by the
revenues have made it possible for the
secretary of the treasury to take action
under the provisions of section 1904, re-
vised statutes, relating to the sinking
Receipts exceeded expenditures for
the first five months of the current fiscal
year by $13, Ala. 3S9. 81, and as mentioned
above, the secretary of the treasury es-
Inmates that there will be a surplus of
approximately $40. 000. 900 at the end of
the year Unde such conditions it was |
deemed advisable and proper to resume
compliance with the provisions of the
sinking fund law, which for eight years
has not been one because of deficiencies
In the revenues. The treasury DEPART
ment therefore offered to purchase during
November $25, 0C0, 900 of the five per cent
loan of 1894 and the I per cent funded loan
OF 1897 at the current market price. The
amount offered and purchased during