The daily journal. (Salem, Or.) 1899-1903, 1899-12-05

our financial plight and emDarrassineht
during the years 1898, 1894, 1895 and
1896 Our receipts now equal our ex-
penditures deficient revenues no longer
create alarm. Let us remove the only
remaining cause by comforting full and
necessary power on the secretary Of the
treasury and impose upon him the duty
to uphold the present gold standard and
preserve the coins Of THE TWO NET
AIS on a parity with each other, which
is the repeatedly declared policy Of the
U. S.
A Good Point.
In this connection, repeat my for
ner recommendations that a portion OF
the gold holdings shall be placed in a
trust fund from which greenbacks shall
he redeemed upon presentation, but
when once redeemed snail not there
after be paid out, except for gold. The
President urges congress to aid the Am
ericun merchant marine, expressing the
opinion that the judgment of the
country iavors this policy. On the
subject Of trusts he says;
rhe Trust Question.
Combinations OF capital organized
into trusts TO control the conditions Of
trade among our citizens, TO stiile COM
petition, limit production and determine
tho prices Of products consumed by the
people are provoking public discussion
aud should early claim the attention OF
congress. The subject is one giving rise
TO many divergent views az 10 the ma
ture and yariety-or the cause and ex-
tent Of the injuries 10 the public, which
may arise from large combinations, con
centating more or less numerous enter
prises and establishments--whch pre-
vous to the formation Of the combna-
tion were carried on separately.
His Recommendations
II is universally conceded that combi-
nations which engross or control the
market OF any particular kind OF mer'
chandise or commodity necessary 10 the
general community by suppressing nat
ural aud ordinary competition whereby
prices are unduly enhanced TO the gen.
eral consumer, arc obnoxious not only
TO the common law, but also 10 the pub
lie welfare. There must be- a remedy
for the evils involved in such organizn-
tions. II the present law can be extend.
ell more certainly 10 control or check
these monopolies or trusts, il should be
done without delay. Whatever power
the congress possesses over this. most
important subject should be promptly
and asserted. An act to
protect trade and commerce against un-
lawful restraints and monopolios was
passed by congress July ., 1870.
Quotes Cleveland.
The message quotes from President
message, Of December, 1899,
which says even though II may be !
iound that federal authority is not |
broad enough to fully reach the case
there can be no doubt Of the power Of
Ihe several states 10 act effectively in
.he premises, and there should be no
reason to doubt their Willingness to ju.
liciously exercise such power"
state Control Facts.
Continuing President Mckinley says: |
rhe state legislation 10 which President
Cleveland looked ior relief from the evils
ii trusts has failed 10 accomplish fully
hat object, This is probably due TO
great extent to the fact that different
Views as TO the proper way 10 discrimin-
ate between evil and injurious combin- I,
atoms aud those associations which are
beneficial aud necessary 10 the business
OF the country. Ii is appar.
mt that uniformity Of legislation upon
his subject in the several states is much
~ be desired
Nicaragua Canal.
"rhe reasons presented a year ago for
he early construction OF the Nicaragua
anal, say the message "arc even
stronger now.
Foreign Relations.
Referring 20 our relations with
foreign governments the message says,
Our relations with Germany continue
10 he most cordial Apart from the
questions growing out Of the Alaska
boundary, the most friendly disposition
md ready agreement have marked the
discussion OF the numerous matters
'rising in the VAST AND INTIMATE
Intercourse Of the L. ;. with Great
Britain
South Afnean War.
This government has maintained an
'ttitude Of neutrality In the uniortu.
iate contest between Groat Brit.
i'm and the Beer states Of Africa.
Had circumstances suggested that the
arties TO the quarrel would have vel.
omed any kind expression Of the
Iope Of the American people that the
iar might he averted good Offices would