The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1899-12-09


means at hand. Happily at the present
time we are not compelled to resort to
loans TO supply gold. 1t 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 emergency when 1t
arises and the best means are those
which are the most certain and eco
nomical. Those now authorized have
the virtue neither of directnesS nor
economy. We have already eliminated
one of the causes of our financial plight
and embarrassment during the years
1898, 1894, 1895 and 1896. Our receipts
now equal our expenditures; deficient
revenues no longer create alarm. Let
us remove the only remaining cause by
comforting the full and necessary power
on the secretary of the treasury and
! impose upon him the duty to uphold
the present gold standard and preserve
the coins of the two metals on a parity
with each other, which is the repeatedly
declared policy of the United States.
In this connection, repeat my form
er recommendations that a portion of
the gold holdings shall be placed In
trust fund from which greenbacks shall
be redeemed upon presentation, but
once redeemed shall not thereafter be
paid out except for gold.
The Merchant Marine.
The value of an American merchant
marine to the extension of our COM
mercial trade and the strengthening of
our power upon the sea invites the
immediate action of congress.
Trusts.
Combinations of capital organized In
to trusts to control the conditions Of
trade among our citizens to stife COM
petition, limit production and deter
mine the prices of products consumed
by the people are properly provoking
public discussion and should early
claim the attention of congress.
The subject is one giving rise to
many divergent views as to the nature
and variety or cause and extent of the
injuries to the public which may arise
from large combinations concentrating
more or less numerous enterprises and
establishments which previous to the
formation of the combination were car
ried on separately.
1t is universally conceded that com
binations which engross or control the
market of any particular kind of mer-
lCilduQlot vi CONTINUITY uCCCSSdly W lllc
general community by suppressing
natural and ordinary competition
whereby prices are unduly enhanced to
the general consumer. are obnoxious
. not only 20 the common law, but also
to the public welfare. There must be a
: remedy for the evils involved in such
organizations.
In Foreign Lands.
A review of our relations with for
! eign governments is presented with
such recommendations as are deemed
, appropriate.
! The long pending boundary dispute
q between the Argentine republic ant
, Chile was settled in March last by the
! award of an arbitration commission OF
: which the United States minister a
Buenos Ayres served az umpire
Progress has been made toward tn,
conclusion of convention of extradi
4 ton with the Argentine republic Hav
: ing been advised and consented to BY
= the United States senate and ratified b,
r Argentina, it only waits the adjust
: ment of some slight changes in tn,
text before exchange.
T The experimental association of Mic
t aragua Honduras and Salvador, unde
L trail America, when apparently on tn
= threshold of a complete federal organi
d zation by the adoption of constitution
and the formation of Legislature, wa
l disrupted in the last days of Novem
/ ber 1898, by the withdrawal of Saliva
/ dor. ThereIpon Nicaragua and Hon
n duras abandoned the joint compact
/ each resuming its former Independent
{ sovereignty.
u The Nicaragua Canal.
h The contract of the Maritime Cana
o Company of Nicaragua was declare,
r forfeited by the Nicaraguan govern
q ment on the 10th of October, on tn
p ground of non-fulfillment within the
years term stipulated in the contract
T. The Maritime Canal Company ha
lodged a protest against this action, a
r leging rights in the premises which AZ
c pear worthy of consideration. Thi
o government expects that the Nicarae
r uan government will afford the protest
/ ants full hearing upon the merits O
n the case.
4 The Nicaragua canal commission
which has been engaged upon the wor
of examination and survey for shi
canal route across Nicaragua, havin
, completed its labors and made it's r,
o port, was dissolved on May 81, and o
e June 10 new commission known a
l. the Isthmian canal commission, was Of
l. ganized under the terms of the &C
e approved March 8, 1899, for the purpos
e of examining the American isthmu
d with a view to determining the mos
d practicable and feasible route for shi
II canal across that isthmus, with ii
o probable cost and other details.