Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1899-12-07

and short time. as conditions may re
qGire, and should provide for a rate
of interest lower than that fixed by the
act OF January ii, 1875. While there
is now no commercial fright which
withdraws gold from the government
but. on the contrary, such widespread
confidence that gold seeks the treasury
demanding paper money in exchange
yet the very situation points to the
present as the most fitting time to
make adequate provision to insure the
continuance of the gold standard and
o. public confidence in the ability and
purpose of the government to meet all
us obligations in the money which the
civilized world recognizes as the best.
The financial transactions of the gov
eminent are conducted upon a gold
basis. We receive gold when we sell
United States bonds and use gold for
their payment. We are maintaining
the parity of all the money issued or
coined by authority of the government.
We are doing these things with the
means at hand. Happily at the pres
ent time We are not compelled TO re-
sort to loans TO supply gold. II has
been done in the past, however, and
may have to be done in the future 1t
behooves us, therefore. to provide at
once the best means TO meet the emer-
gency when it arises, and the best
means ara those which 20 rho most
certain and economical. Those now
authorized have the virtue neither OF
directness or economy We have al
ready eliminated one of the causes OF
our financial plight and embarrassment
during the years 1898, 1894, 1895 and
1896. Our receipts now equal our ex-
pendtures: deficient revenues no
longer create alarm, Let us remove
the only remaining cause b. comforting
the full and necessary power on the
secretary OF the treasury and impose
upon him the duty to uphold the pres
ent gold standard and preserve the
coins of the two metals on a parity
with each other, which is the repeat
States The presidents former recon-
mendations that portion of the gold
holdings shall be placed in a trust fund
from which greenbaeks shall be re-
deemed upon presentation but when
once redeemed shall not thereafter be
paid out except for gold.
Trusts.
Encouragement of the merchant
marine is urged and, Speaking of trusts
the president declares that it is uni
yersally conceded that combinations
which engross or control the market
of any particular kind of merchandise
or commodity necessary to the gem
eral community, by suppressing nat
uTal and ordinary competition, where
by prices are unduly enhanced to the
general consumer, are obnoxious not
only to the common law but also to the
public welfare There must be rem
edy for the evils involved in such or
CARNATIONS II the present law can be
extended more certainly 10 control or
check these monopolies or trusts. it
should be done without delay What
ever power the congress possesses over
this most important subject should be
promptly ascertaiued and asserted
The present antitrust law is quoted.
as well as opinions on the subject by
Harrison and Cleveland inthis message
1T is apparent that uniformity OF
legislation upon this subject in the
several states is much To be desired
the president says The whole ques-
tion is SO important and far-reaching
that he Is sure no part OF it will be
lightly considered. but every phase OF
e will have the studied deliberatiOn
OF the congress, resulting In wise and
jIdicious action.
\ review of our relations with
foreign states is presented
The long pending boundary dispute
between the Argentine republic and
Chill Was settled In March last By the
award OF an arhitral commission on
whi-l he United States minister az
Buenos Ayres served as umpire.
Progress has been made toward the
conclusion OF a convention OK extradi-
tion with the Argentine republic
Having been advised and consented to
py the United States senate and rar-
fed by Argentina, IL only awaits the
adjustment OF some slight changes in
the text before exchange.
Minor Foreign Affairs.
Allusion IL made TO the good part
we played in settling the Argentine