The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1899-12-09
To '.s Senate and House Of Representa-,

To':ie Senate and House Of Representa-.
ives:
A. che threshold Of your deliberations
you are called upon 10 mourn with youT
eountFymea the death OF Vice Prssiden,
Hobart. Who passed from this life an
the mOrniag Of November n. last. HIS
great soul nov rests In eternal peaee
Ills private life was pure and elevated
while his public career Nas ever dis,
unkuished BY large capacity, stainless
integrity and exalted motives. lie has
e0en removed from the high Once
which he honored aad digailed By his
lofty character. but bis devotion, his
honesty OF purpose and noble virtues
remain with us Is = priceless legacy
and example.
The fffty sixth eongrss e0nVsnes In
tls hFst regular session with the eOun-
try In Q e0nditi0n OF unusaal prosper.
ity. OF universal good win among the
people ~ home and relations OF peace
and Friendship with every government
OF the world. Our foreign commerce
has shown great Increase 10 volume aud
value. The comhined imports and en-.
ports for the year are the largest ever
shown b. . slngis year In all our his.
tory. Our exports for 1858 alone ex.
eeed By more than . eiilion dollars our
imports aad eHpaSt1 combined Ia 1870.
The Imports pr capita are 20 per cent
tsaa than In 1879. while the exports per
capita are ~ per oenl more than 10
1879. showing the enlarged capacity OF
the uhited States 10 satisfy the wants
Of its own increasing population, a.
well ~ 20 coaIFibnts TO those o. the
peoplsa u other naIions.
Exports ot agricultural products we're
t7At.5fG.lt1. OF manufactured pro
daetn Ne eHpoFtea Ia yalse tsSs So, ice.
bslng larger than any previous year.
u u = hos~woFthy fact that the only
NsarS In ali our History whrn the pro,
dpeta u oar manufactures sotd abroad
s1cssdsd thoss bought abroad werr
lsss and lsSS
mAsk AeesaaL
oSysFumeat receipts from all sources
toF the aseai pear ended June 30. 1883.
inrindinK tll.Tss.3ttit. part payment
II the CsalFAl Pariae indsbtedh~as. az.
ErsgAtsd ssI0.Sss.e0t1s: customs re.
eeipts were tsos. iss.tSL7s. and those
fFcm intssnal revenues tzT1.ts1.tsl.Si.
TIE pseasnI gratifying stFengsh Of
The treasury IL shown By the fact that
90 Dsrsmbss !. lass. the available cash
balance uas ts1s.0ot .gsfxT. Of which
tzxs. t.sosss uaA IN gold coin and
eaiiioa. The conditions Of ooahdcnee
whIeh prevail throughout the ooantFy
have hruagAt sold lnto more Evnsrai
49,. and customs Fecpipta are noN al,
most satiFsly paid IN that coin.
Need ~ m~asy.
decreased activity IN Industry With
its uoinoas AttsndAnt-a larger EN-
pioTm1aI for Labor al higher wages
GiSus 10 The body Of the people larger
power 10 absorb the circulating medt.
am. Il u further true that year by
year. With larger AREAS Of lands under
salIivalloa. The inrrcasihg volume Of
AErtesltnFai predicts. cotton. corn and
wheat. calls Tor = larger volume OF
mnasy aappiy. THIS IL eapnciaiiy no.
lieeAbie ~ the crop harvesting and
crop moving parted.
In Ia earlier History th. national
hAahing Art seemed 10 prove q FcAaon'
able Avsnus thFes9h which nssdfui ad
dltloaa 10 the circulation could from
time 90 tine BE- made. Changing con
dltioas have apparently rcadsted u
nsu lnopefntive 10 that end. The hlEh
NANN4N
aaltina frum large peumiuma which
eotefumeat bones command In ths
market. o. the tar On note isAneA 81
both operating tngptheF. appear 10 b
the Intuencen which impair il publl'
utility.
The attsnlioa Of congress v respect
fully iaviIed 10 thla important matter
Wlth the view 81 aAceFtAining whethe'
OF not such FpAsenable modification
oan 10 made In the national banking
at ~ viii reader liz service In the pas
tleuiars here referred 10 more Fc~Pou
aiVe 10 the peoples needs, agali
urge that nasioual hanks be antharisc
to organize With o capital Of 5000.
TIE asla staaaaSa.
urRwutly recommend that 10 SUI
port the existing gold standard and
maintain the parity In value OF n
coins Of the two metals (gold and 81
seFl and the equal power OF every do
lar at all tmea In the market and In u
payment Of debts the secretary Of q
treasury b. given additional poser IN
charged with the duty 10 cell Units
States bonds and TO employ such oth'
effective means ~ may b. necessary
theas ends, The authority should !
eiude the power 10 sell bonds on lot
and short tine. ~ conditions may Z
qulre. and should provide for . rate
interest lower than that nxed by u
act Of January IL. 1875. While the
IL now no commercial rights whit
withdrava gold from the Eovernmet
but on the contrary such wldeaprea
confidence that gold seeks the treaaui
demanding paper money In exchanl
yet the very situation points 10 =
present a. the most ftting time
make adequate provision 70 insure I
Continuance Of the gold standard a
81 public confidence IN the ability a
purpose Of the government 70 meet
its obligations IN the money which
civilized word recognises ~ the De
The financial transactions OF the 3
eminent are conducted upon q q
basis. We receive gold where We
United States bonds and use gold
their payment We are maintain
the parity Of all the money Issued
coined by authority Of the goyernme
We are doing these things with
means al hand. Happily NJ the pres
time We are not compelled 10 resort
loans TO supply gold. Il has been d
10 the past, however, and may have
he done In the future. IL behoovee
therefore. 10 provide az once the
means TO meet the. emergency whes
arises and the best means are n
which are the most certain and
nomical, Those now authorized b
the virtue neither Of dlrectnees
economy. We have already ellmins