The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1899-12-07
d m, Senate and House Of Representa-.


p ,he Senate and House Of Represents
j i,eS.
AZ The threshold Of your deliberations you
,,e called 10 mourn with your countrymen
q Ae death of Vice President Hobart. who
4 ,sued from this life on the mornlg OF No
4 'tnbcr II last. His great soul new rests In
j ,,ernal peace. His private life was pure
j ,,d elevated. while his public career was
,~f distinguished hy large capacity. stain.
4 b,s Integrity and exalted motives. He has
zen removed from the high Office which he
4 bsnorcd and dignliied hui his lofty char
4 ,rer his devotion 10 duty. his honesty Of
4 ,srposr and noble virtues remain with w
s 4 priceless legacy and example.
1 The Fifiy-SlIth Congress conveneS In its
/ t,.i regular session with the country In q
4 condition OF unusual prosperity. az vniver.
j g. good Will among the people at home. and
/ Il relations of peace and friendship with
,rsfy government OF the world. Our for
,.sn commerce has shown great Increase In
tsume and value. The combined imports
nd exports OF the year are the largest ever
,sown by single year In all our history.
/ nef exports for 1870 alone exceeded by
rore than a billion dollars our imports and
,Ipor,s combined In 1870. The imports per
rsplia are 20 per cent less than In 1870.
Vile the exports per capita nrc 5s per cent
more than In 1870. showing the enlarged
e,pscfy ~ the United States 10 satisfy the
wants ~ It's own increasing population ms
v,l - 10 contribute TO those of the people
o. other nations.
FINANCIAL CONDITION OF THE
COUNTRY.
Gortrnment receipts from all sources for
ihs tscsl year ended June 20. 1890. includ-
hftl1 .19S. .3l4.14 part pnymcnt OF the Cen
rsi Pacific Railroad Indebtedness. aggrc-
gated s6l0 9S2. .004. 20. Customs receipts were
lsGl2S 4sl 10. and those from internal rev
tnue 1913 .437. .161 81. For the fiscal year the
Expenditures were s700 003. .a'j4.02. leaving a
ieact ~ $50. Ill .559.67.
The Secretary OF the Treasury estimates
'hfi the receipts for the current hscal year
WITH aggregate s64O. 95s.1 and upon the
asS IL present appropriations. the expcn-
diures wlll aggregate 5000 05S. ll2. leaving
! surplus Of $40. 900 600.
For the fiscal wear ended June 20. fSao.
ne Internal revenue receipts were In
creased nbout 800 600. o0O.
The present gratifying strength Of the
Treasury Is shown by the fact that on De-
'cmhcr |. 1870. the available cash balance
vas S2TS O0i. .S37.12. Of which f239. 744. 90j. 20
was In gold coin and bullion. The eondi-
lions Of confidence which prevail through
snt the country have brought gold Into
more general use. and customs receipts are
sow almost entirely paid in that coin.
RECOMMENDS MAINTAINING EXIST
ING GOLD STANDARD.
urgently recommend that. TO support the
rlstlng gold standard and to maintain 9TH"
rarliv In value of the coins Of the two
metals (gold and siverl. mud the equal
Ywsr Of every dollar At all times In the
narket and In the payment OF debts" the
Secretary OF the Treasury he given addi-
tonhl power and charged with the duty 20
sI United States bonds and 10 employ such
sher effective means as may he necessary
n these ends. The authority should In.
,ude the power 10 sell bonds on long and
hort time. as conditions may require. and
should provide for rate Of Interest lower
'Aan that fixed by the act of January IA.
isii while there Is now no commercial
fight which withdraws gold from the Gov
tramcnt. hut. on the contrary. snch wide
p',ad confidence that gold seeks the Treas
Ny. demanding paper money In exchange;
lECOMMENDs DEVELOPMENT OF THE
MERCHANT MARINE.
The value OF an American merchant ma
fine 10 the extension OF our commercial
'iile and the strengthening OF our power
tpon the sea invites the immediate action
Il Congress Our national development Will
v one sided mud unsatisfactory so long as
re remarkable growth Of our Inland indus
iFes remains nnaccompanled by progress
~ the seas There is no lack OF lerisln-
Ion which shall give TO the country mari
tine strength commensurate with Its In
tustrlal achievements and with It's rank
t1OnE the nations Of the earth. We shall
hi 10 realize our opportunities. however.
1--WE complacently regard only matters NJ
home. and blind ourselves TO the necessity
tsecurng our share In the valuable carry
hg trade OF the world.
A CHAPTER on THE TRUSTS.
Combinations OF capital organized into
tusis 10 control the conditions or trade
inHng our citizens to stihe competition.
limit production and determine the prices
y products used and consumed bv the peo-
fe are Justly provoking public discussion.
nd should early claim the attention OF the
Congress
The subject is one giving rise 10 many di-
''frent views ms 10 the nature and variety
cause and extent Of the injuries 10 the
Nhlc which may result from large combi- /
htons concentrating more or less numer- /.
oN Enterprises and establishments which (,
l'vously 10 the formation Of the combina-
On we're carried on separately.
" Is universally conceded that comblna- |
Tons which cngroSs or control the market !
any particular kind OF merchandise or !
Nnmodity necessary 10 the general com
ssny. hy supprcsslng natural and ordi- ,
ssF competition. whereby prices are nm /
wv enhanced to the general consumer. are !,
naoious not only 10 the common law. bur
tso 10 The public welfare. There must he
tpnedy for the evils Involved In such or
n'tatons. IL the present law can be ex-
'aded more certainly 20 control or check
,a~e mOnOpOles or trusts. IL should be
eee without delay. Whatever power the
oasress possesses over this most impor-
,.s a,' subject should he promptly ascertained
The prosecution hv the United States Of
.s'hsss under the net Of 1890 has been fire.
..,htly resorted 10 In the Federal Courts.
s ~ noiable efforts In the restraint of inter.
,,Ee commerce. such as the Trans Mi ssouri
,tisht Association and the Joint Traffic
..,,ocls'lon. have been successfully opposed
~ suppressed.
ne question Is 30 important and FAR
T,hlng that ] am sure no part OF II will
ehiEhily considered. but every phase of II
.' nave the studied deiiberation of the
tron 80
OuR FOREIGN RELATIONS.
a review Of our relations with foreign
.~ is presented. with such recommends
a. are deemed appropriate.
~ iong pending boundary dispute he
- he Argentine Republic and Chile
!, ,Sliled In March last by the award of
lbifal commission. on which the Unit
hunplre '''
A., y gratifying to be able 10 announce
n. me Belgian government has mitixated
u ,ssirictions on the importation Of eat
ucin the United States 10 which I re-
IN my last annual message.
DE- eohtention Of extradition with BrazlI.
h. May IL. 1891. has been ratified by {
ronziiian Legislature.
IA Nicaragua Canal Commission, which !
t,,las eh engaged upon the work Of exami. 9
,s,a..a ana survey for a ship canal route
b.. Nicaragua. having completed its la
h, sso made It's report. was dissolved on !
iss.ei' o. and on June 10 new commission.
va as the Isfhmiau Canal Commission. ,
sss,w wkanlked under the terms of the act Il
,Is%'0s,d March 2. ist9 for the purpose OF G
W. whg Tue American fsthmus. with a '
a. 70 determining the most practicable F.,
tks iissuable route for q ship canal across .
~ essential details. r.
ka, commission. under the presidency Of I
ADMIRAL John q. Walker, Y. y. n.