The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1899-12-07
The President Reviews National
Events and Makes Recon-
mendatiOnS.
Present an Opportune Time for
Definite Adoption Of the
Gold Standard.
Philippine Government One of the
Great Questions Congress Has
to Deal With.
To the Senate and House of Representa-

To the Senate and House of Representa-
tiveS:
At the threshold of your deliberations
YOU are called to mourn with your coun-
trymen the death of Vice President Ho-
bart, who passed from this life on the
morning of Nov. 21st last. His great soul
now rests in eternal peace. His private
life was pure and elevated, while his pub
lie career was ever distinguished by large
capacity, stainless integrity and exalted
motives. He has been removed from the
high office which he honored and dignl-
fed, but his lofty character, his devotion
to duty, his honesty of purpose and noble
virtues remain with us as priceless leg
acy and example.
Condition of Unusual Prosperity.
The Fifty-Sixth congress convenes In
it's first regular session with the country
in a condition of unusual prosperity. OF
universal good will among the people at
home and in relations of peace and
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 sin.
gle year in all our history. Our exports
for 1899 alone exceeded by more than
billion dollars our imports and exports
combined in 1870. The imports per capita
are 20 per cent less than in 1870, while the
exports per capita are SO per cent more
than in 1870, showing the enlarged ca
pacity of the United States to satisfy the
wants of it's own increasing population,
as we'll as to contribute to those of the
peoples of other nations.
Man ufactured Exports Exceed Imports.
Exports of agricultural products were
1854, 776,l42 OF manufact ured products
we exported in value 1888, 592, 146, being
larger than any previous year. 1t is
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.
Government receipts from all sources
for the fiscal year ended June 80, 1899, in
Guiding 81, 79s, 314. IA, part payment of the
Central Pacific railroad indebtedness,
aggregated $780, 9S2, OO435. Customs re-
ceipts were $2O6, 12S, 4S1. rs, and those from
revenue sara, 437, 161 81.
For the fiscal year the expenditures
were 800, 1898, 564 OF, leaving deficit of
$50, Ill, $50 81.
Inc SecreUdry Ol UHe treasury cStludUcS
that the receipts for the current fiscal
year will aggregate $64O, 95S, 1l2, and upon
the basis Of present appropriations the
expenditures will aggregate $500, 95S, liz,
leaving surplus of siO,OOO,OOO.
Dor the fiscal year ended June 80, 1899,
the internal revenue receipts were in
-reased about 500, 100000.
strength of the Treasury.
The present gratifying strength of the
treasury is shown by the fact that on Dec.
J., 1899, the available cash balance was
S27S OO4, S37 70. Of which $3.50, IA, 9O5. SO was
in gold coin and bullion. The conditions
of confidence which prevail throughout
the country have brought gold into more
general use and customs receipts are now
almost entirely paid in that coin.
The strong condition of the treasury
with respect to cash on hand and the
favorable showing made by the revenues
have made it possible for the secretary of
the treasury to take action under the
provisions of section 1896. Revised Stat
utes relating to the sinking fund.