Iron County register., 1899-12-14
DOMESTIC AFFAIRS.
The Country Prosperous

The ifty-sixth congress convenes in its
first regular session with the country in
universal good viii among the people at
home. and in relations of peace and
friendship with every government OF the
great increase in volume and value. The
combined imports and exports for the
year are the largest ever shown by
single year in all our history.
Agricultural Exports.
Exports of agricultural products were
$7S4, ,7761 OF manufactured products We
exported in value 1888, ,592 146, being larger
than any previous year. 1t is a notewor-
thy fact that the only years in all our
factories sold abroad exceeded those
bought abroad were 1898 and 1899.
Receipts and Expenditures.
Government receipts from all sources
including s11. .79S S1414. part payment of the
Central Pacific railroad indebtedness, ag
gregated $6l0. .9S2 O04. .35. Customs receipts
were $2O6 lbs, is1. 20. and those from inter-
nal revenue S273. 437, ,161-5 81.
For the fiscal year the expenditures
$50. Ill. .55967.
strength of the Treasury.
The present gratifying strength of the
treasury is shown by the fact that on
.ance was s27S, ,OO4. .S37.72, of which $239 H.
90s.3G was in gold coin and bullion The
conditions of confidence which prevail
throughout the country have brought gold
into more general use and customs re-
ceipts are now almost entirely paid il
The Strong condition of the treasury
with respect to cash on hand, and the
favorable showing made by the revenues,
retary of tha treasury to take action an
der the provisions of Section 1894 Revised
Statutes, relating to the sinking fund.
Receipts Exceeded Expenditures.
Receipts exceeded expenditures for the
-first five months of the current fiscal year
by $l3. 413, 81, and, as mentioned above,
the secretary of the treasury estimates
that there will be surplus of approX-
Under such conditions it was deemed ad-
Visable and proper to resume compu-
ance with the provisions OF the ,slnkinE
been done because of deficiencies in the
revenues.
To support the Gold Standard.
urgently recommend that to support
the existing gold standard and to main
tain THE parity in value of the CONS
of the two metals gold and silver and
in the market and in the payment of
debts" the secretary of the treasury be
the duty to sell United States bonds and
TO employ such other effective means
thority Should include the power to sell
bonds on long and short time, as con
ditions may require, and should provide
fixed by the act of January, H. 1875.
Maintaining the Parity.
We are maintaining the parity of all the
money issued or coined Dy authority
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 in the past, however. and may
have to be done in the future. 1t be-
h0CveS us, therefore, to provide at once
the best means to meet the emergency
WHEN 1t arises and the best means are
those which are the most certain and
economical
American Merchant Marine.
The value of an American merchant
marine to the extension of our commercial
trade and the Strengthening of our power
upon the sea invites the immediate action
OF congress Our national development
will be one-sided and unsatisfactory so
long the remarkable growth of our
Inland industries remains unaccompanied
by progress on the seas. There is no
lack of constitutional authority for legiS-
1ation which shall give to the country
maritime strength commensurate with its
< Industrial achievements and with its rank
among the nations of the earth.
Combinations and Trusts.
Combinations of capital organized into
trusts to control the conditions of trade
among our citizens, to Stifle competition,
limit production and determine the prices
of products used and consumed by the
people, are justly provoking public dis
cussion, and should early claim the at
EEention of the congress.
Important and Far-Reaching.
The whole question is so important and
-far-reaching that 1 am sure no part of it
will be lightly considered, but every
phase of it will have the studied delibera-
tion of the congress, resulting in wise and
1ndiciouS action.