New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-07

Whole as COMPARED with 2ot per cent for 1895 For
the first quarter OF 1900 they rose TO 80 per cent.
In the a ges m s 10 SIS cent
the whole and the disbursements to SSS ss ON
September 80 the gross amount OF gold con IN a ne
bullion in the Treasury was 1858 $50 ana d Sn nS, M
on October r. The highest previous record, for
the end OF any month were sS52 81 scs ahe nd
SIS 25G respectively the former In September anu
the latter in March. 1855 - -. ,,r,,,
The history of the Department shows 6nai for
wint OF sufficient revenue to comply WIN re 5io
Ing to the sinking fund The first four months S oa
The current fiscal year ggodT DS be s%TpTs ms
strong bc %so iha of sssGs % Under these conditions the
S SSGTesarH ne month Of November 100000 OF the
bonds Of the per funded loan Of 1907 or OF me
our foreign commerce has much more thah
doubled since 1870 the total OF the iJmpotS anu
hose OF 1899 were ,92a 7l7s and seem likely ~, IN
the year 1900 TO pass the SZW1sv"v ~, M sid of
exports the imports q 1899 being but 60 per ce sas
in excess Of those Of 1870 while the exports u i
are 2l2 per cent greater than those OF lS'o
IMMIGRATION.
There arrived during the fiscal year 1899 at ports
of the United States and Canada Sl7l5 Immigrants
exclusive OF about 25 09 who. says the CoInmls-
sioner General. came cabin passengers, ana an
unknown number from Mexico and Canada me
above total composed OF %5iS from , EuIopI
Sg72 from Asia 81 from Africa and 5,3i3 from an
cher sources making an Increase the number
FOR The preceding yelr Of So 416. nearly B per
cent This increase consisted In large part OF Euro Euro,
Of arrivals from Italy, Austria-H Hungary and the
iheretn resDectiyeiv excuses over the figures re-
ported last year Of 1896 go per cent? 22G 57 per
'e Tbs total jmmSration was divided as TO sex into
1927 males and rs i3s females as to age Lh S
were 43 9S3 fourteen years old and under AsS' De
tween fourteen and forty-fiye and 1880 VINO naI
rea ched forty-ve and over; 60 46 couId helheI IT,
write; 022 could read but were uhaDe ~
20 OIL brought each $50 over: 1858 brought taC
less than $50 and the total amount exnDer reyed
i'm hospital 202S returned within one year a az,
landing 263 and refused admission $S ne iaHo
yicts 10 insane persons 50 assisted immigrants $40
diseased persons. "a contract IaDoieL1, " ba rces
paupers or persons likely TO become pubic chai J
BESIDES the foregoing there were debarred on imS e
Canadian and Mexican borders 1876 paupers anu So'
alien contract aboTers In the report OF tnoSe nih
barred the most noteworthy the diseased WhIcn
show increase over the corresp9hdins nsubLr at
tempted TO evade the alien contract labor laws ne
former principally afflicted VIII tr b non and
frequently destroying the vision, and faVuS'
loathsome scalp disease.
THE STANDARD OF MONEY.
The state Of the Treasury, as shown in us proper
place exhibits degree OF financial strengtn iFei
before equalled 1t places the Government N d
position more favorable than has before existed 10
take any steps Congress may consider wise toward
or iudicious notifications in the banking laws
There two points to which pupc at'eIlton ti iaa
dots He hem eaTneetiv desired These are. first
the money standard. and second petter auap'of
tion of our currency system 10 the requirements Oh
expanding trade and industry. Both OF these ques-
tons are of prime importance to our wei DSihS a.
a people and demand the consideration Which thelT
IMPORTANCE fustines Upon these two questions
feel it my duty to speak with earnestneSs. nov,
First as TO the money standard. Golu no" con-
stitutes that standard. It is now and Tor many
years has been, the standard by Wmcn th HstIr
of all commodities whether foreign or uomeStICi
have been measured or declared. II Is the stahuaIu
to which reference has been had In al contracos
I'LL, gv,.o IN
money Ii is the standard which tests the quality
or value Of the intermediate currency WIN Will Will
wages are paid and all, or nearly all. OF the r r,
business affairs of the people are carried on Inc
debate over the relative merits OF god ana s w.
az the true and proper money standard mas Deeh
long and exhaustive but while the discussion mas
continued the advanced nations OF the EARN one
adopted gold as the more suitable for commerciaI
needs Indeed It is vigorously asserted. ana WIN
truth that the United States Is in TINS very cafe
gory-that our money standard Is goldI,anI WIN
some show Of reason II is argued that no!i such a
conclusion however. does not commend user 10
the Judgment of those to whom stabihty IN one
futufe is not less important than good condltlois
in the present. More and more as soclety 40
vances i'm its power over nature ana IN the com
piexity Of its Industrial relationships the present
and The future woven together. Inc wv IoiS
craft buiIt OF wood that once might have realized
nc 'inyestment cost in a single voyage TO the
indies has been succeeded by the lOOOO ION Sleai
ship built for years Of service me one Mas r Sd
tools in brief period of time The 2iner ND M
in itself every diversity Of skill ana scene e
ne tb U ba2aTds Of a distant trade, even though
a a vas The rule OF the exchanges The other,
conbining I'm ITSELF vast aggregation OF capital
must enter the service or a MODERN
trbere enormous volume at lowest cost OF carriage
mi ~ snndamentaI condition of success. The one
was under the law OF hgh hazrus, WI ~ - 90,
If conseryative safeguards against risk.ot smaIi
rewards and uninterrupted employment ne ~ a.,
,ation &c opnlicable to modern industry In az us
s%no The one word most important is STABILITY
stability of conditions-and the most lihlOl tait !,
add and so established that It cannot be sub;
verted or changed by any nasty vi III N
action
INTERNATIONAL AGREEMENT FAX OFF.
II has long been the desire and hope OF many IN
+eiteent and patriotic citizens TO secure heeuiu
ana enduring stability in the money stahu4i5Iu pS
an international agreement IN rtgatb 70 end The
realization of that desire and hope seems now 'G sc
remote to Justify present sna offer it in objection
70 the action above proposed II Is sufclelt an
swer say that stability on the eV u and If the
time should come when internatlohaI az ta5oro
offers safe and desirable viii give
to our people the liberty OF choice. l., that cold
&c now our standard of money values. the Iutule
needs only the assurance that 1t will SO continue
to be until bo at des fas' for change therein
he able TO direct the voice OF both houses Oh W
Ssbie9 Executye The confidence that Congress VIII
furnish this kind OF guaranty has INSPIRED en1f
prise called capital into use improved me Eohul
ZION of labor and given new impetus 10 an OuI
energies To make this favorable state OF aII ,d
nernanent the highest security should be gwen
M the common denominator of all calculations IN
value shall remain unchanged. =, ,- - >,
II is evident that direct and eirectlvne way u
do this would ne declare that the credlt 0pIea-
lions ~ the Government itself. whether payable on
demand or at future period, shall be paid In g0d
coin OF present weight and hneness or IT wouId 9e
mandatory upon the Treasury Department so "a
nav and receive the two kinds or mOneN-sliNer hnu
goid~as 10 maintain their parity under all condl-
lions Such action would be in logical conformity
to what has already been established as the POI
icv' of the Government To the end contemplated
the Treasury should be clothed with sufficient
Movers 10 meet ali emergencies The establishment
of an ample fund separate and apart from the
general funds to be held specifically as redemp-
/ tion fund for demand liabilities. must be an I'M
portant incident to such legislation The recon-.
nendatons Of the President in this particular, II
/ formulated into law, seem to be adequate.