The Farmington times. [volume] (Farmington, Mo.) 1874-1902, 1899-12-14

The 6fty-nlxth congress couycncs In ita
mrs, regular session with the country ~
universal good viii among the people az
home, and In relations VI peace ana
friendship with every government ni th9
world. our foreign commerce has shown
great increase IN volume and value. The
combined imports and exports for the
year are tho largest ever shown by
Agricultural Exports.
Exports OF agricultural products were
tsi.T1S.1 1t3. or Manufactured products w
exported in value Stss sa9. iis being larger
than any previous wear. II Il a nalnWpr-
thy fact That the only years IN all our
factories sold abroad exceeded those
| bought abroad were iss8 and 1870,
Receipts and Expenditures.
Government receipts from ali sources
| for the fiscal year ended June 81. $50.
| including Sii,i9S .1it N, part payment OF the
Central Pacific rnllFoad indebtedness. nE.
Eregated tGl0.1S2. ~. G. Customs receipts
| were sos. igs. .iSi75, and those from inter
nal revenue sa1a. tS1. 1851.
For the fiscnl year tho expenditure
xsre tIeo oeS. .5Si0l, leaving dcncit VI
Sc. III. .ssse7
strength of the Treasury.
The present gratifying strength Of the
\ treasury is shown by the fact that on
| December !, is19. the available cash b1d.
ance was tgisOnl ~ y. OF which tg1J ,iL.
| sog.G was In gold coin ana bullion. The
| conditions Of confidence which prevail
| throuR bout the country have brought sold
| into more general use ANA customs ru-
es.T:= =-s ao- a!is'as; entirety i'sii Ia
| thnt coin.
The strong condition of the treasury
| with respect 60 cash on haud and tdn
| favorable showing made by TIE revenues,
/ have made n possible for the s"r-
retAry Of the treasury TO take action in-
| der the provisions ~ section u1t neyiagd
| Statutes. relating 10 the sinking fund,
Receipts ENceed~d Expenditures.
Rocoipta exceeded expenditures for the
\ nrrt fiVe months of the current fiscal ygtr
| by Sl3ti5 50 ~, and, as mentioned above
the secretary Of the treasury cstin.lt,s
| uately SleOa.0on Ht the end of tho year.
| Under such conditions Il was deemed ed-
viKanie and proper go resume cntnph-
/ ance with the provisions Of the sinking
/ fund law, which for eight years has not
been done because OF dciclrncica Ia the
/ revenues.
ro support the Gold standard.
urgently recommend that to Huppor,
| the existing gold standard, and 10 mui1-
tain 'sThe parity IN value ~ the cusnr
| OF the two metals tRold ana silver and
| the equal power Of every dollar nt an times
INC srsss Ss ssrSarv Shq 70 Of ts me & @ S
| given additional power aud charged with
| tine duty {" ==.! H::.tsd s.ai"- handg and
20 employ such other effective means as
may be necessary 20 theso cnda The nu-
| thOrity should include the power to soil
bonds on Iona and short time. na con
ditions may require. and should provide
/ for n rate OF interest lower than that
/ hHed by the act OF January. u. iSf5.
Maintaining the Parity.
We are maintaining the parity of all tho
/ money Issued or coined by authority 1r
/ the government. We are doing those
| things with the means at hand. Happily
/ az the present time We are not compelled
l 20 resort to loans 10 supply gold. II nus
been done in the past, however. and may
/ have 10 be done In the future. II be-
hOoveH US, therefore, to provide at oacc
When II arises and the best means nse
those which are the most certain Lhd
Rmericau Merchant Marine.
The value OF an American merchant
marine TO the extension OF our commercial
trade and the strengthening OF auF power
| upon the sea invites the Immediate action
OF congress. Our national development
viii be one-slded and unsatisfactory 10
| LONG as the remarkable growth OF nar
Inland industries remains unAcrompanlea
! by rrnEreaA on the seas. There IN no
lack OF constitutional authority for ieFis'
iation which shall give 10 the country
maritime strength ccmmsnnurate with ita
| Industrial achievements and with It's rank
among the nations 0f the earth.
Combinations aad Trnssa.
Combinations OF capital organized into
! trusts to control the conditions OF trade
among our citizens. 60 stitie competition,
limit production ana determine the prices
| OF products usrd and consumed by the
people. are Justly provoking public dis-
tention of the congress-.
Important and Fsr-RcschtsR.
me wnuie question IL 40 important and
far-Eeaching that am sure no part af u
| Will ba lightly considered, but every
Hon Of the congress, resulting in wise aud
tudiripuR action.