The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1899-12-06
The President Reviews National
Events and Makes Recon-.
mendatiOns.
Present an Opportune Time for
Definite Adoption of the
Gold Standard.
Philippine Government One of the
Great Questions Congress Has
to Deal With.
To the Senate and House of Representa-

To the Senate and House of Representa-
tiveS:
At the threshold of your deliberations
you are called to MOURN with your coun-
trvmen the death of Vice President Ho-
bart. who passed from this life on the
morning Of Nov. 2lst last. His great soul
now rests in eternal peace. His private
life was pure and elevated, while his pub
lie career was ever distinguished by large
capacity, stainless integrity and exalted
motives. He has been removed from the
high office which he IGNORED and digni-
fed, but his lofty character, his devotion
to duty, his honesty Of purpose and noble
virtues remain with us as a priceless leg
acy and example.
Condition Of Unusual Prosperity.
The Fifty-Sixth congress convenes in
its first regular session with the country
in a condition of unusual prosperity. of
universal good will among the people at
home, and in relations of peace and
friendship with every government of the
world. Our foreign has shown
great Increase in volume and value. The
combined imports n exports for the
year are the largest ever shown by q sim
gle year in ali our history. Our exports
for 1899 alone exceeded by more than a
billion dollars our imports and exports
combined in 1870. The imports per capita
are ~ per cent less than in 1870, while the
exports per capita are 5S per cent more
than in $50. showing the enlarged ca
pacity Of the United States to satisfy the
wants Of its own increasing population,
as we'll as to contribute to those OF the
peoples of other nations.
Man ufactured Exports Exceed Imports.
Exports Of agricultural products were
s7s4.776li2. OF manufact ured products
we exported in value $3.50 .5e. l46. being
larger than any previous year. 1t is q
noteworthy fact that the only years in all
our history when the products Of our
manufactures sold abroad exceeded those
bought abroad were ls9S and 1899.
Government receipts from all sources
for the fiscal year ended June -. lsa9, in
Guiding 81, 7ys. 3l4 IA. part payment of the
Central Pacific railroad Indebtedness.
aggregated S6l0, 9s2 ,W4.3l. Customs re-
ceipts were s2ub. Us .4sl. -, and those from
revenue S!13. 49, l6l 81.
For the fiscal year the expenditures
were 800. rs3, o64 OF, leaving a deficit of
Ss9, III, 554.67.
AZ sV1lClhIN Va Xix lCdSuLN SSllIlbltS
that the receipts for the current fiscal
year will aggregate s6lo, 95S ll2, and upon
the basis of present appropriations the
expenditures will aggregate $40, 95s, LIP,
leaving a surplus Of 100000.
For the fiscal year ended june "a. 1899.
the internal revenue receipts were in
creased about SlU, 100000.
strength of the Treasury.
The present gratifying strength of the
treasury is shown by the fact that on Dec.
/. 1899, the available cash balance was
S2.s. si .S31.12. of which $239, IA. 500. SO wa.
in gold coin and bullion. The conditions
Of confidence which prevail Throughout,
the country nave brought gold into NOR,
general use and customs receipts are now
almost entirely paid in that coin.
The strong condition Of the t~reasur,
with respect to cash on hand and tn,
favorable showing made by the revenue
have made it possible for the secretary o
the treasury to take action under TIT
provisions Of section 1896, Revised Stat
utes, relating to the sinking fund.