The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1899-12-08
THE MESSAGE.
President Mckinley Outlines
Some of the Laws Which are
Urgently Needed.
FILIPINOS MUST FIRST Be SUBDUED.
Does Not Deem 1t Advisable to Recon-
mend Form of Government
Until That Time.
Legislation ASKED for Porto Rico. Hawaii
and Ala ka- -DeveIopnent of Met chant
Marine thsnges in Our Financial
Laws Seeded-Our Diplomatic
gainst Trust.

Marine-thange. in Our financial
Laws Needed-Our Diplomatic
gainst Trust.
To the Senate and House OF Representa-
tiVes
At the threshold of your deliberations you
are C He'd to mourn with your countryInen
the death of Vice President Hobart, who
passed from this life on the mornig of No
vember II last. His great soul new rests In
eternal peace. His private life was pure
and elevated, while his public career was
ever distinguished by large capacity. stain
less integrity and exalted motives. He has
been removed from the high office which he
honored and dignifcd, but his lofty char.
acter, his devotion to duty, his honesty OF
purpose and noble virtues remain with us
as priceless legacy and example.
The Fifty-siXth Congress cOnvenes in It's
first regular session with the country In
condition OF unusual prosperity. of unlver.
sal good will among the people at home ana
In relations Of peace and friendship with
every government Of the world. Our for
eign commerce has shown great Increase In
volume and value. The combined Imports
and exports Of the year are the largest ever
shown by a single year in all our history.
Our exports for 1899 alone exceeded by
more than billion dollars our imports ana
exports combined in 1870. The imports per
capita are 20 per cent less thnn in 1870,
while the exports per capita are % per cent
more than in 1870. showing the enlarged
capacity of the United States to satisfy the
wants Of its own increasing population rs
well MS to contribute to those of the people
OF other nations.
FINANCIAL CONDITION OF THE
COUNTRY.
Government receipts from all sources for
the fiscal year ended June 30. 1899, includ-
ing 11,79S,31414 part payment of the Cen
| tral Pacific Railroad Indebtedness, aggre-
! tg1 TE.,.at aifAt- ytrnt
$206 12S. 4S1 -. and those from Internal rev
enue $2I3, ,437. 1G1 81. For the fiscal year the
expenditures were 800 003, ,5G4 OF. leaving II
deficit of $50 Ill, ,55967.
! The Secretary of the Treasury estimates
that the receipts for the current fiscal year
will aggregate 500 05S,112. and upon the
basis of present approprla Ions, me expen-
ditures will aggregate SG00,95S, 49, leaving
a surplus of $40000,000.
! For the fiscal year ended June 20, lSOA.
the internal revenue receipts were in
creased about 500 900 600
! The present gratifying strength Of the
! Treasury is shown by the fact that on De
cember l. 1890. the available cash balance
was $27S 004, ,S3I.72, of which $239. l4i903.3
was in gold coin and bullion. The cendl
tions of confidence which prevail through
ont tile country have brought gold into
more general use. and customs reccipts are
now almost entirely paid in that coin.
RECOMMENDS MAINTAINING EXIST
ING GOLD STANDARD.
urgently recommend that, to support the
/ existing gold standard and TO maintain "th'
| parity in value of the coins of the tWl
metals gold and silver, and the cqua
power Of every dollar at all times in tho
market and In the payment of debts tht
Secretary of the Treasury be given addi
tional power and charged with the duty t
sell United States bonds and TO employ sucl
other effective means aS may he necessary
to these ends. The authority should in
cludc the power TO sell bonds on long ant
: an,
should provide for a rate of interest lowe
than that fixed by the act of January Il
1879. While there is now no commercial
fright which wlthdraws gold from the Gov
| eTnment but. on the contrary. such wide
spread confidence that gold seeks the Treas
ury, demanding paper money in exchange
RECOMMENDS DEVELOPMENT OF TIL
MERCHANT MARINE.
The value of an American merchant ma
, rinc to the extension of our commercial
trade and the strengthening Of our powe
upon the sea invites the immediate actfo
; of Congress- Our national development wi
he one-sided and unsatisfactory SO long n
| the remarkable growth Of our inland indus
tries remains unaccompanied by progrcS
on the seas. There Is no lack of legislG
= tion which shall give to the country mar
{ time strength commensurate with Its II
dustrial achievements and with its ran
; among the nations of the earth We sha
4 fail to realize our opportunities. however
: II we complacently regard only matters 4
/, home. and blind ourselves to the nccessit
: Of securing our share In the valuable carry
t ing trade of the world.
i A CHAPTER ON THE TRUSTS.
Combinations of capital organized int
trusts to control the conditions of trad
among our citizens to sthe competition
| limit production and determine the price
of products used and consumed hv the ne
plc are justly provoking public discussion
and should early claim the attention OF I'll
| ~
|, TIE subject Is one giving rise to mnnv d
O vergent views as to the nature and varict
4 or cause aud extent OF the injuries to II
- public which may result from large conn
nations concentrating more or less hume
II Gus enterprises and establishments whiC
4 previously to the formation Of the combn
u tion were carried on separately.
IL II is universally conceded that comhin
e tions which eugroSS or control the mark
% of any particular kind Of merchandise
a commodity necessary to the rcueral cor
81 muuitv hv SupprcSSng natural and ord
)f nary competition. whereby prices are u
D. duly enhanced to the general consumer. a
= obnoxious not only to the common law, ID
. also tn the public welfare. There must
n remedy for the evils involved In such q
ganiZatiOns IL the present law can bC q
tended more certainly to control or chez
these mOuopollcS or trusts. 10 should
b, done without delay. Whatever powor II
!" Congress possesses over this most im16
tant subject should he promptly ascertain
and asserted.
The prosecution hv tue nitcd STATES
of ofreuScs under the act ~ 1880 has been n
!. oucutlv rcSnrtcd 20 IN the Federal Couri
u and notable efforts iu the restraint ~ into
TO state commerce. such as the Trans MiSset
T. FREIGHT Association and the Joint Ir1i
=. Association. have been successfully oppos
10 and suppressed.
G. The question Is sn important and {.
Il. rcachlr: that 7 Hm sure No part ~ 10 "
~ hp lightly considered. hut every phase OF
iS will have the Stu1ird dclihcrati0n ~ {
Congress. resulting lu wise aud iudicio
action.
: OUR FOREIGN RELATIONS.
A review - our relations with forei
states is presented. with such recommend
lions as are decmed appropriate.
IL The long pending boundary dispute
tween the Argentine Republic and Ch
was settled iu March last by the award
en- arhitral commission. On which the Iu
ed States Minister az Bucuos Ayres serE
us umpire
D It b. gratifying 90 De able 90 auu1ur
m that the Belgian government has mltiga'
= the restrictions nr the Importation % q
l tie from the United states. 90 which
- Nsl.IyHl4a 49, ,sAaar.--- : n 81