Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1899-12-09
AFFAIRS OF STATE.
The President Transmits His An
nual Message to Congress.
Urges nm Extension OF Powers Of National
Bsnks and Pronounces for tho Gold
gtandard-C Conditions In New Coloni-
nj Possessions Dwclt Upon.

II r.
washington Dec. o.-fresioent mc-
kfnley to-day transmitted the follow
ing message to the Fifty-sixth con-
yre,e.
,n...,.
ssnH,s a ~ ~" 49, a..
called 10 mourn with vo,,r coun,rvmc, tho dcath
m vice prcsidcnt Hobart who rnsscd from Ilfc
on Tho ,oornin. M Noverbar ., Ins, MS mood
ami now rests IN eternal rcncc p,s nrivnte
Iife wns nnrc md clcyn,ea willis his nuhlIo
career WINS ever SIs,Inynished nv iaruc canncitv
stninless integritv nnd oxn,,cd motives he
has been removed from the hirh ofl,ce which he
: bonored nnd d,gnI,,ed bnt his lofty character,
his devotion 10 duty. his honesty of purpose,
and noble virtues remain with us. as priceless
lerncv ana exnmn,o
... r,.....,. <,..,,.,,
'
ane rhty,s'Atn voheress eon'encs III W. ntss
ssuiar session WIN tnc country IN coha'.lo ',,
VI unusual PiosPcr'y' VI ui.o,s"i sovu WI,
a1none ene ISop. w nuine' anu IN iei''ons "
pea.c aas i',enusnp WIN cscry so'eliin'en.o.
inc woriu. our ioIeish commerce ms SHOWN
great increase In volume and value. The COM
p'ncu imports uhu EXPLOITS 'cr 'he year u,c .nc
,sites. e'er SHOWN III sinsio year III "i' our
his.ory' ouf c1pol.s lor ICY u'one eAeeeucu "
niotc ,han shvsoVVo,ao our imports ahu Exports
somoineu III Io'u Ing IMPORTS PCT capita uic
~ Fr e.'' US .nuh Id Ioo' Mhl'c .nc eApo.'s
~ eaPi'a u'c % pc, eeh'' nio'o 'nun III ICY.
SHOWING tnc ehiaIgeu chpusity " .nc ohi'cu
o'a.es 70 SATISFY tne wants OF I's own ihereas-
ing popuiauon. US wen US 10 contribute 10 tnose
VI 'no people VI o.ncr hauons'
Tho Nationai BANKING ACT.
In Its earlier history the national banking act
seemed to prove q reasonable avenue through
which needful additions to the circulation could
from time 70 time DO made. Changing condi-
lions have apparently rendered II now inopcra-
tive to that end. Tic high margin In bond se-
curities required, resulting from large premi-
ums which government bonds command In the
market, or the tax on note issues, or bot oper-
ating together, appear TO be the influences
which impair its public utility.
The attention OF congress Is respectfully In
vited TO this important matter with the view OF
nscertalning whether or not such reasonable
notifications can be made In the national
banking act as will render Its service in the par
ticulars here referred TO more responsive TO the
peoples needs. again urge that national banks
be authorized TO organize with capital Of s.,,-
900.
FOR the 3o'd s'andard.
urgently recommend that 10 support the cx-
isting gold standard, and TO maintain 1.-The par
ity In value OF the coins OF the two metals gold
md silver) and the equal power OF every dollar
ntall times In the market and In the payment
OF debts" the secretary OF the treasury be
gwen aduiuonni power ana charged Win the
outy 70 sell ohited states oohus ana 10 employ
sucn otner eneetve means US may DC necessary
70 tnese ends' me authority shouid ihciudc
the power to sell bonds on long and short time,
rs conditions may require and should provide
for rate OF interest lower than thit fixed By
the act OF January u, 800 While there Is now no
commercial fright which witldraws gold from
inc government, Ou'' on the contrary such
widespread commence that goiu seeks the
treasury oomahuihs paper money IN eAchahse'
YET the very situation points 10 the present Us
the post hitting time 10 make adequate provl-
sion 70 insure the continuance OF the gold stand
ara ma OF pupnc commence IN the ABILITY anu
purpose Oh the government 10 meet MI us opll-
cations IN the money which the elviiizsd world
recognizes US the pest Inc financial uahsac-
.lVns VI .ne no'eInli'ens uie cohuuc'cu upon
golu oasis' We ,eeelp' eoiu wncn We sen Ohl'eu
Saws poHus anu usc gnu ioE tneiI pa!uieh''
We a,e maintaining tue purity VI nii the money
-tssueu VI eo'neu oy "uthorlty VI 'he govern
men. We a,e uolng thcse thlngs win tue
means NJ manu-. hupply ~ thc PRESENT time we
are NOT compeiiea 10 resort 10 loans 70 supply
so,u ~ nan .ee u, I s ~, .he pass, hoHe,ef'
anu may nave 10 oc uohe III thc iu'ure' IL oe-
moves US, therefore, TO provide at once the pest
means 70 meet the emergency wheh II arises,
anu 'ne pest means are lnose wnien are tue
.,ioes ~, ,s''u anu esoi i, inoso NV au-
AA NJ 'ne =,
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~ .o.sa., ,.a III. so,,,n;,',,', s',,. -.
..no 90, my va yS ',, , .aueo ~ 'on.ea
w ~, ,u, anu "a ;, NV, on '"e $50
y, $3.50 ,,'n "na ,po ~, apon mn 'ns
seS ~ epno'u INV soiu ssl'..'u'u a.'u
p.seo sno vo,' =, .no t"o ,ne'ais On pats
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snai pe p'a.eu ~ uuse is'iu rom which
sieenouehs shah NC IeuecH.u upon PIescHta-