Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1899-12-06


Out, on the contrary. such yyidesnread
confidence that gold seeks the treas
ury, demanding paper money in ex-
ehange. 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
OF public confidence in the ability and
t purpose 81 the government to meet all
Its obligations In the money which the
civilized world reco4 niZcs as the best.
The financial transactions Of the govern
ment are conduct j upon a gold basis.
We receive GO / when we sell United
States bonds atd use s Id for their pay
ment. We are maintaining the parity
OF all the money issued or coined by au-
thoTity of Die 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. 1t has been done in the past, how
| ever. 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 economical. Those now au-
thortzeI have the virtue, neither OF di-
- we HaNe ar duS
ol,N, ','s VI 'i'e 'auseS u our
PFC NJ s''.c dSs'''eht our
''i' e,'tS 1900 Ao'f' 1879 ana 1870.
Our receipts now equal our expendi-
lures; deficient revenues no longer
create ALARM Let us remove the only
remaining cause by comforting the fun
"''u necessary power on the secretary OF
,he treasury ana impose opon MIN the
Nuty 70 uphoid the present gold standard
anu preserve the COINS OF the TWO metals
OH purify with eaeh o'her' Whlch is the
repeatedly declared poAcy OF the United
0taSeS.
IN 'his cohneetion' repeat my former
recon fhehaatiohs that portion OF the
Gold mornings shai be placed In trust
luna from when gTeenbaeks snail be
feueei}ea upon presentation put when
once redeemed shai not thereafter be
paid out except Tor gold.
THE MERCHANT MARINE.
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- - ~ - -, 80 ~ -'','''
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-, - 80 - 20
-
80
-
- -
..l.'..ts.s, - -
t1.,1t,'.I.. ~
GO . ~ ~ 10 IN
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80 - - -"'''A
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:,
''o''"i ~ oN' san 20 ~ 't'7
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% ,',J'' az -
1e74a,' '4,'i '9' t'ts ~ &c ION u o"'
under regulations wisely framed at the
beginning OF the government and since.
shows resalts FOR the past fiscal year IN
equalod In our records Of those Of any
other power W. shall fail to realize
our q s=+.tus.t.es, Ion aEeF, # ~ eota-
placeHt!y regard only matters at home
and blind ourselves to the necessity OF
securing oar hare in the valuatls carry
Ing trade Of the world.
Last year American vessels trans
ported smaller share pt our exports
and imports than during any former
year H. all Our history, and the measure
81 our dependence upon foreign shipping
was painfully manifested to our people.
Tho other great nations have not hest
tated to adopt the required means to de-
velep their shipping as factor in ma
tional defense and as one Of the sur"st
and speediest means of obtaining for
their producers a share In foreign mar
kets. The eNp"ns" Is as nothing COM
pared to thu advantage to he achieved.
The establishment Of our merchant
marine involves In a large measure our
continued industrial progress and the
extension 81 our commercial triumphs.
THE cavTR01.OFTRtsrs
COMBINATIONS Oh eap''"' 81 : me-.
into trusts 10 con u '''e 'ol'''' .','''' -
TRACE AMONG 'ui '''1''s '''0 - P'V