Rocky Ford enterprise., 1899-12-07

To Congress tD-ulNs iSIo" u " gwen
In n somewhat condensed form:
ITO the Senate and House OF Repre-
Iiberutipns you arc called 10 mourn with
your cOuntfymen the death OF Wee Pres
on on" the S morning 20 Of Sovsmbsf sist last;
IT'S Errii soul no" rests ~ ,, r,e5na, la,i
%sie sSss i Mhs PFya Il. Basis 5 was sase Rsrs @ sas
stsinless integrity. aSi exalted moIiyss'
nee which he h0nOTrd and dignifsd By his
louy character. his devotion to duty, his
maiS h2iS slts GS'f us Is Gi asesisss legacy and
example,
THE REVENUES.
The Flfty.sixth Congress eonyenes IN
a's toBis5 s''iS ~ HsN G''h brasSiy 5aS SH y
gnlSsrsal Eooi will among ;hs people a a;
world. bur foreign commerce has shown
great Increase In volume and value, tn.
year are the isrssst ever shown BY sin
gle year ~ all our history. our exports
tIillan "a dSiisrs iI.S our Imports and and exports
combined In is;& The imports per capita
arr - prT. cent. less than ~ h'l. while
moro than Ia. isJ9, sheNinE the eniarEsd
capaeiiy OF The United stRies 20 satisfy
lion as well as 20 contribute 20 those OF
the peoples OF other nations
rstntit! ot msnatas,drSa sHilSt RrSi4S prodne,s
We exported In value rrS Ea:.iE being
lsIEsr thar than any Psss,!cp. ys1,r: y, !; Is
all our history when the products OF our
manufastoriss. sold ahroad cxe..sied those
-rnnsnt receipts from all sources for the
nseai year ended June - i,sS, including
i5,ss ss5, Psymsn; q ,sT ,is SSn,tsi
=, i,g ard Z, ,SOsS from .nts;TGai rSysnas
irndl,urcs- were r;po ossi ssLos. leaving .
d-nelt ot tss.lii. .:ssc;. Tho secretary %
Tor Tor he safrsn, nsssi year win sssfs:
sate isesi u. and utan the sasis o.
STT,Sni apptop,,lasisn,s, ~, q, ~, ,hG Sl,SsnahaS,s
plus u itco 90 FSf the nseai year
ended June y ise. The ini.rnal .rsy.
oocse The prsssn, sfa,ifsinE strength
ot the treasury IL shown by the fact that
DSss'Hsr sss Sss & @ r? aSilasis Si asisS s1:s sa
:.Ssnal,isns, q sonfasnss watch prevail
sold into more general use and customs
r.e.ipts arc now almost chIiToly paid In
that coin.
CURRENCY QUESTIONS.
''inercasci activity In Industry. with Its
welcome attendance. oi larger employ.
n"nt for labor at higher wages. gives
10 absorb thS eifsulatiss medium IL l.
further ifu. that year hy year. With lAts-
rr areas OF lana under CuluNauon. the
/, a Isrssr volume OF money suppiy. This
and tfes Sos a. nsrs G s'is hnr.ssnF H. ssriIsf
history the national banking act seemed
@hsS s"Es Ssctu saas 10 sSm"s I'M sirsaSsn
could fr.m tin. 20 time be made. Chang:
ma condition have appa.ssn,iy ,cnds,rssi
hiFh margin In bond securities required.
resulting from larsc PREMIUM. which
krt or the tax on note issues, or both op-
.ratinE together. APPEAR 20 he the iniiu-
% Tss attention % % ~ canErss. res sg.s e p.spes,.aiy
invited TO this public matter with tn.
ts, View Of ,sesr,sasins whether Or no, safn r.
- IS ssrNiSS % IL tse s pas,IsSisf. . here ERE retsrr.
sae ss 10 'as nsas Sfss ssa, national sssns:
D. authorized TO organize With capital
nst, @ The sEi rsa rss9mmsna .has shS e
soin o. The two metals ,soid and silver,
ali times Ia The market and IN the pay.
rncnt OF debts. the secretary OF the treas
' sa With f iss gn' aniy 10 .sii N rnisea % sia,s.
bonds and To employ such other effective
Tss su,sdT,y ns ny eS snsS sS n nms
to sell bonds on long and short time. n.
conditions may rcanire. and should pro:
liked by the act OF January II, is!s. While
there Is now no commercial fright which
h sr ssn2sly s24 Fs sash ,hs sos sS
dcncc that gold seeks the treasury de-
,nanding ma paper none money in esshanEs Ess,
most hitting time TO make adequate. pro-
vision TO insure the continuance Of the
the ability and purpose of the govern
ment to meet all It's obligations In tho
nizca as the best. The financial transac-
tions OF The government are conducted
We sell United States bonds and use gold
The parity q ali the money issued or
means me- s 9, S SS"d: Tass,ix q tho a pfesens s
loans TO supply gold. 1t has been done
IN The past howsysr. and may have to
arises, and the best means are those
teal Those now authorized. have the
virtue e neither dltee,n:ss nor econ;
the. causes OF our financial position and
,.mbafrassment during the years lso.
aSnai @ @ our "@S eSpendituroS ddfiSiaPt rnSs. @Sw
move the only, remaining cause BY con-
the Secretary OF The treasury and impose
upon him the duty TO uphold the present
ihc two metals on a parity with each
other. which Is the repeatedly declared
policy of tho United States. In this con-
nccilon | repeat my former recommcnda-
tion TINT q portion Of the gold holdings
shall bc placed in trust fund from
which grCenbaCks shall he redeemed upon
presentation but when once redeemed
shall not thereafter be paid out except
for gold.
AMERICAN MARINE.
'The value Of an American marine to
extend nf commerce and to strengthen
our power upon the sea Invites the I'M
mediate action ut Congress. our national
development will he one-sidcd and un-
satisfactory so long as the remarkable
growth OF our inland industries remains
unaccompanicd by progress on the
sens. There Is no lack of constitutional
authority for legislation which shall give
10 the country maritime strength COM
mcnsuratc with It's Industrial achieve
mciits and with its rank among the ma
tlons of the earth.
Even the seeming sacrifices which at
the beginning may he involved. will be
offset later by more than equivalent
gains. The expense Is Hs nothing COM
pared to the advantages to lie achieved
The re-establishment OF our merchant
marine Involves in "A large measure our
continued indust rial progress and the eS-
treme limit OF our commercial trumphs
! am satisfied the Judgment of the conn.