Hopkinsville Kentuckian., 1899-12-08
lcKinley Outlines
I Laws Which are
|ntly Needed.
UST FIRST Be SUgDUED.
Wcm II Advisable to Recon-.
Form OF Government
Tntil That Tim.
yJsT FIRST Be suDDuED.

t"-beveiopment OF Me chant
;3 Change. in Our F.uanc.u
Needed oar i'.plnuatic
Sx,nsact'on-- gain,t Irusta
n senate aud House Of Representa-
ihreshold OF your deliberations Won
el 70 mourn with your countrymen
yath OF Vice President Hobart who
" from this life nu the murnig of No
X5E ~ last Ills great soul new rests In
~ ~, peace. his private life was pure
elevated. whilr his pubiir career was
uistingtish'tl ny large capacity. stain
integrlty aud exalted motives. lie has
removed from the hiul office which he
pred and dlgniGcd. hul his lofty char
f z, us devotion 10 duty, his honesty Of
pose and nohc virtues remain with us
t Vr,ieeiess legacy and example
" hifty sixth Congress cuuycncs in its
a, regular session With The country In a
H. uitloh OF unusual prosperity. Of univer-
tvou WIZ anlon@ the people at home. ana
|VFe'huons of pVIcp and friendship with
WrN government Of the world. our for
Wh commerce hrs shown goat increase I'm
~ nmc and value The combined imports
exports OF the ycHr are the largest ever
MpWn ny single year iu all our history
I'd IN exports for 1889 alone exceeded by
NJ re than billion dollars our imports ana
4 pnrts comlincd In 1870. The imports per
n rita are 20 ppr cent loss than i'm 1870
Ehile the exports pcr capita are IS per cent
ore than IN 1870 showing the enlarged
phcity OF the United States to satisfy the
NUS % its own increasing popuIation as
s!ell as 90 contribute to those Of the people
other natious
FINANCIAL C0NUjTfON or THE
COUNTRY.
Goycrnment receipts from AN sources for
ne hScal year ended lunr 30. 1890. ncud-
lng Sll l1M.3ll1l part payment of the Cen
sral l,acitc Rnilrond indebtedness. aggrc-
fUH tv.t.r
S2NhaN' 4> I -. and those from internal rev
eune S-l3, d37 1Gl.5 For the fiscal year the
cNpenditurcs were S10O O93. .JGf.O2, leaving
detcit ~ $50. .55oG7
The Secretary Of the Treasury estimates
taat the receipts for the current fiscal year
1filI ,aggregatc $3.50 HJS.112 and upon the
lMSis of present appropriations. the cXpcn.
dlfnrcs Will aeorcrito 5000. .95S1l2. leaving
a fnrplus Of $40. O.COO.OOO
For the fiscal wear ended June 20. 1850
fhc Internal revenue receipts were in
erchSed about 800. 000 600.
The present gratifying strength of the
Treasury Is shown 10y the fact that on he
nember !, 1SD the available cash N,Nnncp
was S21S.00l .S37 -. Of which $3.50 T44,BO538
was In gold coin and bullion. The condi-
lions OF confidence which prevail through
but the country have brought gold into
more general use. and customs receipts are
lQu almost entirely paid In that coin.
RECOMMENDS MAINTAINING EXIST
ING GOLD STANDARD
urgently recommend that 10 support the
xistng gold standard and to maintain "the
,arity In value of the coins of the two
metals gold and Silver) and the equal
D0wer of every dollar at all times In the
narket aud In the payment of debts the
secretary Of the Treasury be- given addi
aQnal power and charged with the duty to
VI United states bonds and to employ such
'thcr effective means as may be necessary
o these ends. The authority should in |
'lude the power 10 sell bonds on long and |
hort time. as conditions may require. and |
hould provide for rate Of interest lower
han that fixed by the act OF January "a;
SO. While there Is now no commercial |
right which withdraws gold from the GOV |
hut. on the contrary such wide
pread confidence that gold seeks the Treas |
Try, demanding paper money In exchange; |
RECOMMENDS DEVELOPMENT or THE
MERCHANT MARINE.
The value of an American merchant ma
Inc to the extension of our commercial |
rnde and the strengthening Of our mower |
mon the sea invites tho immediate action |
f Congress. Our national development will |
70 One-sidod aud unsatisfactory so long as |
he remarkable growth Of our inland indus |
ries remains unaccOmpauiCd by progress |
N the seas. There Is no lack Of lpgisla- |
ion which shall give to the country mari |
ime strength commensurate with It's In |
ustrial achievements ana with It's rank |
mOng the nations Of the earth We shall |
all to realize our opportunities. however. |
we complacently regard only matters at |
Nllc, ana bllllu ourselves 10 INt necessity |
( securing our share in the valuable carry
lg trade Of the world
A CHAPTER on THE TRUSTS.
Combinations Of capital organized into
rusts TO control the conditions of. trade
m0ng our citizens. to stihe competition.
init production and determine the prices
T products used and consumed bv the pcO-
le, are Justly provoking public discussion.
nd should early claim the attention of the
Tile subject Is one giving rise to many d.
crgent views a. to The nature and variety
cause ana extent Of the Injuries to The
uhllc which may result from large combI-
atiOnS concentrating more or less numpr-
Is enterprises and establishments which
reviously TO the formation Of the comblna.
on were carried on separately.
II H. universally conceded that cnmbina- |
ous which cngross or control the market
T any particular Kind Of merchandise or
iWInOdlty necessary 10 the general com |
unity. 10y suppresslng natural and Ordi-
lrv competition. whereby prices are IN
lly onbauco,. To the general consumer. are
luoNiouS mot only 10 the common law. hut
$50 "a the UUhlic welfare. There must ho
remedy for thc evils involved In such or
luZaliuuS. II th" present law can be OK
udcd more certainly TO control or check
rcSp mouop0ios or trusts. N should hI.
luc without delay Whatever powcr thR
uugrcSS uO-spsFcS over this most imnOr-T
MT subject should he promptly ascertnlned
nd asserted.
The prosecution bv the United states of
en~rS under the uci or lN'hl nNS been IRE
lcutly rcsOrtcd 10 i'm the Federal Courts.
~ notable efforts I'm the restraint of inter.
ate commerce, such ms the Trans Missouri
rci"lt Association ana the Iuint frnfHc
ssociation. have been successfully opposed
ld suppressed.
The question Is go important and far
uchiug that I am sure no part Of II win
lightly considered. but every phase Of n
mo have the studied dcllberatlon of the
lugress, resulting In wise and iudlcous
tiou,
%. OrR FOREIGN RELATIONS
A review of our relations with foreign ,
ates Is presented, with such 'recOmmenda
lns as are deemed appropriate.
Tho lOngpending boundary dispute be 4
rpen the Argentine Republic and Chile !
ms settled in March last by the award Of /
arhltral commission. on which the Unit.
states Minister al Buenos Ayres served
umpire.
n is gratifying TO be able 20 announce I
at the Belgian government has mitigated
r. restrictions on the importation Of cat.
, from the United States 10 which | re- /
rred In my last annual message. [
A 81 xvit =