The silver blade. (Rathdrum, Idaho) 1895-1903, 1899-12-09

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 present
time we are not compelled to resort to
loans to supply gold. 1t has been done
III 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 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 a parity
declared policy of the United States
In this connection, l repeat my form
er recommendations that q portion Of
the gold holdings shall be placed in a
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.
Combinations of capital organized in
to trusts to control the conditions of
trade among our citizens to stife COM
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
chandise or commodity necessary to the
general community by suppressine
natural and ordinary competition
, whereby prices are unduly enhanced tC
the general consumer, are obnoxious
not only 20 the common law, but also
to the public welfare. There must be
remedy for the evils involved in such
, organizations.
Ia Foreign Lands.
A review of our relations with for
eign governments is presented will
such recommendations as are deemed
appropriate.
The long pending boundary dispute
between the Argentine republic ant
Chile was settled in March last by tn
l award of an arbitration commission OF
: which the United States minister a
Buenos Ayres served as umpire.
Progress has been made toward tn
conclusion of a convention of extrad
l. ling been advised and consented to b
= the United States senate and ratified b
II Argentina, it only waits the adjus
l. ment of some slight changes IN tn
y text before exchange.
'r The experimental association OF Nj
)f aragua, Honduras and Salvador, unde
"a the title of the Great Republic or Cel
oI trail America, when apparently on II
O. threshold of a complete federal organ
ID zation by the adoption OF constitute
and the formation of legislature, WI
al disrupted in the last days OF Mover
n. ber, 1898, by the withdrawal OF Salv
d. dor. Thereupon Nicaragua and Ho
m duras abandoned the joint compat
n each resuming its former independe
II sovereignty. a.sA'
gh rme Nicaragua Canal.
re- The contract of the Maritime Can
cn Company of Nicaragua was declar
ne forfeited by the Nicaraguan cover
OF ment on the 10th Of October, on
pe ground of non-fulfillment within the
TIC years term stipulated in the contra
The Maritime Canal Company /
'ct- lodged protest against this action,
er' leging rights in the premises which
Aer pear worthy of consideration. L.
,ns government expects that the Nicar
ing uan government will afford the prot'
'ar- ants a full hearing upon the merits
W., the case.
am The Nicaragua canal commlss
zea which has been engaged upon the w
of examination and survey for
canal route across Nicaragua, hav
completed it's labors and made lts
sup port, was dissolved on May 81, and
10 June 10 q new commission known
the the Isthmian canal commission, was
sli- ganized under the terms OF the
dol approved March 3, 1899. for the purl
the of examining the American isthl
the with a view to determining the 4
anu practicable and feasible route ior
iteo canal across that isthmus, with
ther nrobable cost and other details.
y 10 This commission, under the p
in dencv of Rear Admiral John G. Wa
long u. s. N (retired), entered promptly
re. on the work intrusted to It ana IS
e OF carving on examinations in Nicar'
the along the route of the Panama can
nere America in Paris.
rent The death Of President Faure
read February last, called forth those
,ury. cere expressions of sympathy whic
,nge. At the relations of two republic