Griggs courier. (Cooperstown, Griggs Co., Dak. [N.D.]) 1885-1902, 1899-12-14
|M'KINLEY'S MESSAGE.
Synopsis Of His Annual Commune
cation to Congress.
Treats Exhaustively of the Subjects Of
. Financial Legislation, the Trusts
and the Affairs of the DIFF.
ferent Colonies.

Financial Legislation, the Trusts
and the Affairs of the DIFF.
ferent Colonies.
The following is comprehensive synop.
-congress. which makes. in full, about 90
The message begins with an announce
and z tribute to his worth I Following
tnal IS statement of the prosperity which
me country Is enjoying and statistics of our
g Is shown that we have exported dur
ing the year more than 81 LOCO, COO, OOO worth
9! goods. more than the total Of both our
Tor the past year he says:
., Eesx .s Of agricultural products were
sssa,M6. ~ OF manufactured products we
Ina tnan any previous year. It is a noteworthy
1act that the only years in all our history
Wnsn af the products Of our man4factories
were 1898 and 1899.
Government Receipts nnd Expenses.
He calls attention to the report of the
secretary Of the treasury and his estimate
OF the receipts and expenditures for the
RF Naa IN hscal year; showing surplus Of
afying strength Of the treasury, and says
that on DECEMBER ! the cash balance on
eo5.s6 was in gold and bullion. Of the show
ang OF the treasury he says:
Government receipts from all sources for
i tne HEAL S ysar ended June 80 lss nclud
tral Paeife railroad indebtedness. aeg gre
gated 500 9S2, 0O4. IS. Customs receipts We're
sS ~ a "a and q those from internal rev.
For the fiscal year the expenditures were
$0o ;0ss 64.02. leaving deficit of $Ss.111,-
The secretary Of the treasury estimates
that the receipts for the current fiscal year
will aggregate $640,95s.112 and upon the
Psn n W sf
Ing a surplus Of 10000 900.
For the fiscal year ended June 30, 1882 the
$100.000,Oo0.
Changes I'm Banking Act Needed.
He notes the resumption Of bond pur-
chases, and recommends important
changes in the banking laws to allow ma
$25.0oe. and sayss
In its earlier history the national banking
act seemed to prove Hsa reasonable s9t;aa avenue
circnlation could from time to time be
made. Changing conditions have appar--
emily rendered It now imperative to that
required. resulting from large premiums
which government bonds command in the
market, or the tax on note issues. or both
Mseh Ppabe u IL tSe
The attention OF congress is respectfully
invited to this important matter with the
reasonable notifications can be made in
the national banking act as will render its
service II. the particulars here referred to
again urge that national banks be author
ICED to oTEanizs With fsptal Of $1,000
Sd aa e soRna1
'the parity in value IT the coins Of the two
metals gold and :silverl and the equal
% and IN the aess n Of
secretary Of the treasury be given addi-
tional power and charged with the duty to
such other effeetive means as may be
necessary to these ends. The. authority
should include the power to sell bonds on
quire. and should provide for rate Of in.
terest lower than that fixed by the act of
January IA. 1875.
lime for Gold Standard.
He strongly recommends the adoption of
the gold standard. and on this subject says:
which withdraws gold from the govern
ment, but, on the contrary. such wide
spread confidense that gold seeks &c, 8, the
change: yet the very Situation points to the
present as the most fitting time to make
tRe and Of
government to meet all its obligations in
nizes as the best The financial transac-
tions Of the government are conducted
upon gold basis. We receive gold when
for their payment. We are maintaining the
parity Of all the money issued or coined by
authority Of the government. We are do
ing these things with the means at hand.
Happily at the present time we are not
compelled to resort to loans to supply gold:
T has been done IN the past. however, and
the bestmeans to meet the emergency when
and the end are
Those now authorized. have the virtue
neither Of directness nor economy. We have
dnaaciai pIieht and embar is during
the years 1893. 1894, 1895 and 1896. Our re-
ceipts now equal our expenditures; de-
Let us remove the only remaining cause by
comforting the full and necessary power on
the secretary Of the treasury and impose
gold standard and preserve the coins Of the
yhieh Is the Is, repeatedly declared policy of
In this connection repeat my former
Recommendation that portion of the
gold holdings shall be PLACED ace. IN ~ trust
redeemed shall not thereafter be paid out
He recommends such legislation as will
out the fact that our increased trade de-
WAUdS Increased carrying 1ACllIl1SS.
Asks for Trust Legislation
The subject of trusts is treated exhaust
lively. and several recommendations are
made for their control, including reitera--
tion Of those made by his predecessors. OF
this subject he says In part:
It Is universally conceded that COM
market of any particular kind Of msr-
chandise or commodity necessary to the
general community. by suppressing nat
ural and ordinary petition: whereby
prices are unduly enhanced to the general
consumer; are obnoxisus not only to the
fare. There must be remedy for the
evils involved in such organizations. If
the present law can be extended more GER
tainly to control or check these monopolies
Or trusts. t should be done without de-
sesses over this most important subject
SHOULD be promptly ascertained and as
serted.
state Lexislatfon Has Failed.
He points to previous trust legislation
and its Effectiveness, and also calls at
tention to the legislation enacted by the
various states in the following words:
He 81 "a lno o1ofi ~ xybj