Albuquerque daily citizen. [volume] (Albuquerque, N.M.) 1895-1903, 1899-12-05
PRESIDENTS MESSAGE.
Able State Document Read 10
the Assembled Congress.
Country In Prosperous Condition
and Surplus In Treasusy.
Recommendations Regarding Cuba, Porto
Rico aud Philippine Islands.
SOUND MoNlY ADVOCATED.

Washington, Dec. 6.-To the senate
and houss OF represe ntatives: AT ths
threshold OF your deliberations you
are called to mourn with yonI
c0untrymen the death OF Vioe-Prss.
ident Hobart, who passed from
this life on the morning OF Nov. 2ist,
last. His great soul now rests In eternal
peace. His private life WAS pure and el-
evsted, while his public career was ever
distinguished By large capacity, stainless
integrity. and exalted motives. He has
been removed from the high office which
he honored and digniHsd. but his lofty
character. his devotion to duty. his hon.
esty OF purpose. and noble virtues re-
main with US, as q priceless legacy and
example.
The 6fty.sixth congress convenes 10
Its hrst regular session with the country
in Q condition OF unusual prosperity, OF
universal good will among the people at
home, and In relations OF peace aud
friendship with every government Of the
world. Our foreign commerce has shown
great increase In volume and value. The
combined imports and exports for the
year are the largest ever shown by a
single year 10 all our history, Our ex
Vhso hOh iOOV oiOu0 bACy6utu LuOIt
than Q billion dollars our imports and
exports combined In 1890. The imports
per capita are twenty per cent. less than
In 1870. while the exports per capita are
5S per cent. more than In 1870, showing
tbs enlarged capacity OF the United
States 70 satisfy the wants OF its own In
creasing population, as we'll a. TO con
tribute to those OF the peoples Of other
nations.
EXPORTS.
Exports Of agricultural products were
$7S4,776.l42 OF manufactured products
we exported In value s33g, 500, ,ll6, being
larger than any previous year. IL is q
noteworthy fact that the only years in
all our history when the products Of our
manufactures sold abroad exceeded
those bought abroad were 1898 and 1899
RECEIPTS.
Government receipts from all sources
for the fiscal year ended June 30. 1899
including $l1, ,79S,3l4 IA, part psymen,
Of the Central Pacific railroad Indebted
ness, aggregated t6iO.982 2OO4 35. Gus
toms receipts were $2U6, ,t28 48l. a. and
those from internal revenue S273.l .l37.
1851.
FOR the fiscal year the expenditures
were $700093. .564 02. leaving . deficit Of
$89.lii.5b9 81
The secretary Of the treasury esti.
mates that the receipts for the curren,
fiscal year will aggregate $640.9S7, ,ll2
and upon the basis Of present sppropria.
tion'. the expenditures will aggregate
100000.
For the fiscal year ending June 30
1899. the internal revenue receipts
were increased about 100000, 200.
The present gratifying strength OF
the treasury Ia shown BY the fact that on
December I, 1899, the available cash bal
ance was t27S. .004, 1897 72, OF which $239,
H4,9Ob.36 WAS In gold coin and bullion
The conditions of confidence which ore.
vail th oughOut the country have brOngh,
gold into more general use and customs
receipts are now almost entire y paid In
that coin.
The president. at length, speaks Of the
necessity for sound money legislation
and gives the reasons for purchasing and
rIedeeming $25,OOOO00 government
bonds.
He favors the extension OF American
shipping, and urges legislation to that
vessels transported q smaller share OF
our exp psrts than during any former year
In all our history. and the measure OF
our dependence upon foreign shipping
was painfully manifested to our people.
without any choice OF our own, but from
necessity. the departments charged with
military and naval operations In the
east and West indies had to obtain from
foreign flags merchant vessels essential
for those operations"
The president calls the attention OF
congress to the trusts, and urges legisla
tiOn for their control.
ut IL universally conceded that com.
binations which engross or control the
the market OF any particular kind OF
merchandise or commodity necessary to
the general community, BY suppressinR
natural aud ordinary competition, where.
by products are unduly enhanced TO the
general consumers, are obnoxious NOT
only to the common law but also TO the