Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1899-12-06

eellYered o. the fifiy siEth congress
10 thr Senate aud Hous. q Represents.
tives.
A. thc mr., shhold - our dsilhsra tioas 700
arr callci 20 mourn with your countrymsu
the death u Vice President Hobart. wla
passed from this NE ou the morning q
November q. last. His great soul now rests
IN eternal peace. uis private lie VS.
pure aud elevated while his public car,st
We ever distingulshed bv large capacity.
stainless ini grlty and exalted motives. Tie
has been removed from tho high ollcs
which he huuorci and diguinei. but hli
lofty character his devotion 70 duty bis
honesty NJ purpose and noble virtues ~.
mnll with us 90 priceless lsgscJ and "a
ample.
The hftyslTth congress oonvsnes In ~
nrst regular session with the country 10 a
condition ~ unusual prosperity VI universal
good will among the people ~ home aud 10
relations q peace and friendship With every
eotemmsnt y The world. Our foreign cold
nercs has shown great iucreass 10 vol
uns aud value. Tbs combined Imports and
exports fof the year are the largest ever
shown By single ysar 10 all our history.
or exports for is2 alone exceeded ~
more Than al.0yO. $4,000 our Imports aud
exports conblned IN 1870 The Imports ia
capita are ~ per cent less than ~ 1870.
while the exports per capita are 5s pet
cent more than In 1870. showing the 90.
laryed capacity % the United states 10 at.
lNy We waBts OF its own Increasing por.
olatoh as wei as 10 contribute 10 those Of
the peoples % other nations.
Exports Of agricultural products were
tTa,1IG.iS2. OF manufactured produces
We exported In value $3.50. 500. it0, being
larger THAI hny previous year. IL la note
worthy fact that the only years 10 all out
history When the products u our nanufse
tories sold abroad exceeded those brought
abroad In 1875 aud 1899
Government receipts from all sources fHt
-
inF Sii.7os3lfls part payment of IN. cen.
trsl Pacific railway lndsbtsiness aggr0gst
"a fGi0.gs2 O04 80 Customs receipts we're
500 i2s al u snd those from internal rev
enue S2is.t8T, 1871. For The hscal year The
Expenditures were ST0o 0aS 5Gt o. leaving .
denclt - $50. III .i59GT
Tbs secretary of tho treasury ss'imstei
that The receipts Tor The current FISCAL year
basis n preseut appropriations the sIpond.
hurss Will aggregate So 0is il2, leaving o
surplus Of sio.Oooo0o
Dor the FISCAL year ended June 30. lAyJ,
the Internal revenue receipts were Increased
about tiJu. 900. 90
The present gratifying strength o. the
treasury IA shown by tho fact that 90 DE
Gambler !, issl. The available cash balauce
was SIS 00i s3T72 " which S707Af..
eO5B was in gold osln ana bulou The
condition ~ confidence which prevails
throughout the country have brought gold
iuto more general use and custom receipts
are nov almost entirely paid iu that colin
The strong condition ~ the treasury With
rsSneo, 10 cash on hand ond tho favorable
showing made BY he revenue have made 90
possible Tor tho secretary ~ the Treasury
10 take action under the prorislons ~ see
tlon 1894 revised statutes relating 90 tho
sinking fund Receipts exceeded eApeudl.
three Dor th arst die months N the eur.
rv1i hscal year by SiS4ia 1s9gi. aud 81
mrntluned above tho secretary n The treas
uTy estimatfs that there viii be surplus
Of apprDKimi tsly 100000 st the end ui
the year ndsr such conditions 10 was
deemed advisable and proper to rrsuW,
ssmpllauce With he provisions ~ the sink
Ing fund law. which Tor eight years has
act bssn doue because ~ deficiencies IN tls
revenues The Treasury department there
for, offered to purchase during November
t2S.W0vQu N the uNr per cent loan of
1904. OF tie four per cent founded loan oi
1907. % the current market price Tho
amount offered and purchased during 40
vemhcr was SIS. foet00 Ihe premium pei.
~ The government on such purchases va
912iJ51 aud the NET saving boo Interest
was about s. $50 Nnu The success ~ flU
operation wus sufficient to iliure the clv
erumcut 90 continue ihe Ofer f1 purchase
bonds 90 ana Including 600 -h ily 3d.
the slfuUuuUu called fnr .H1ud b, 90.
scented lu taf meantime f1r redemption
Increased activity u Industry WIN 70
Welcome uttendfrt.a larger employ mru
for labor at lIeHur wre.. gives f1 tU
BODY " the people 90 III-t uurrf fu uu
sorb the circulating medium. % Dr. fI'
NNHN NIHN |..N "NN. 20. WIN
areas Of land ualrr cultivation. fls InrIrl.
lag volume M agricultural products. rN'
ton. corn nud wheat calls fIr IIrE.r sol
ums q money supply Ihn Is especially n'
ticcahlc ut The crop harvesting aud Cr1
moving period 10 Ne rnrlIer history, ih
national banking oct seemed 10 prove a rr.
Sonable avenue through whIrh ueedfll u0
dltl0ns 10 The circulation could FROM tim
10 time De- made. Changing conditions hIN
apparently rendered 10 now imperative #
that end. The high margin in bond teclr
Ties required. feaulung from large prem
uus which the government bonds COZ
mand in the market or the tax or note q
suus OF both operating together, appea
10 be- the Influences which impair It's put
TIE attention Of congress 10 respectful
Invited 10 this important matter WITH Oh
view u sscertainlng whether or not sur
reasonable notifications Gao be nude
the national bank act a. Will render i
service ln The particulars here referred
more responsive 10 the p-oplss needs
eEain urge that national banks Dig suiho
lEfd 10 organize With capital OF blaW,
! urgently recommend the support Of q
sTistng gold standard aud 20 malntaln III
parity value Of the coins ~ the two me
ais geld and silver aud the equal pow
of every dollar ~ all tunes 10 the MARI.
Rotary ~ the treasury be given addition
power and charged with the duty 70 -
United States bonds aud employ such 9TH
effective means as may be needed 10 the
ends The authority should Include II
power ~ ssll bonds on long aud short tiu
a. conditions may require, and should pr
vide for ratio Of Interest lower than th
nxed b. the act Of January H. 1915 VIII
there 10 row no commercial fright Will
wlthdraws gold from the government b
on the contrary such widespread coundsn
that gold seeks the treasury demanding y
Der money In exchange. yet the very :
uauon points 10 the present az the me-
atting time 10 make sdequatc provision
tnSurr the continuance ~ the gold standa
and Of public confidence Ia the ability
the government 10 meet MI u lts oOlls
lions In the money which the clylilH
world recognizes a. the best. The Qua
cal transactions ~ the government =
conducted upon a gold basis We rscrl
use gold Tor their payment. We are ma
tainlug the parity Of all the money issu
or rslnfd BY the authority u the COVE
meut We are doing these things with Z
means NJ hand Happily 40 The pTess
time We are not compelled 10 resort
loans 10 supply gold. II has been done
the past hewever and may have 20
done In The future. II bchoOves Us, tue
fore 20 provide ~ once the best means
sheet the emergency when 10 arises aud
best means are those which are the mi
certain aud economical Those now auth
tssd the virtue have neither drcrtness
or scnuomy. We have already vNmlual
one u the causes " our financial plight d
embarrassment during the years 1893. IL
1900 and 1901 our receipts now equal
expenditure and deficient revenues no Toni
create alarm. Lot ua remove the only
msinlng cause by ooniertlug tho tul! O
necessary power on The secretary "
Treasury and Impose upon him The dl
10 UNFOLD the present gold standard
presarvs the coins u the two metals zoo