Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1900-09-10
PROSPERITY IN THE REPUBLIC.

PROSPERITY IN THE REPUBLIC.
our industrial and agricultural con-
ditlons are more promising than they
have been for many years; probably
more SO than they have ever been
Prosperity abOunds everywhere
throughout the Republic. ! rejoice that
the Southern as well as the Northern
states are enjoying a full share OF these
improved national conditions and that
an are contributing SO largely 20 our
remarkable industrial development.
The money lender receives lower re-
wards for his capital than n Il were in
vested In active business The rates Of
Interest are lower than they have ever
been In this country while those things
which are produced on the farm, and In
the workshop and the labor producing
them, have increased In value,
FOREIGN TRADE HEAVY.
our foreign trade shows satlsfac-
tory and Increasing growth. The
amount Of our exports for the year
1900. over those of the exceptionally
prosperous year OF 1899 was about half
a million dollars for every day uf the
year and these sums have gone into
the homes and enterprises of the peo-
pie. There has been an increase OF
over Sj0OU0.oN0 in the exports of agricul.
iural products, S92 SOP 220 in manufac-
lures, and the products OF the mines
over 100000 our trade balances can
not fail 20 give satisfaction 20 the peo-
pie Of the country In 1895 we sold
abroad S6l5 432676 Of products more
than We bought abroad; In 1899 $685.
SASH and in 1900 $54i al .7Ol making
durln- the three years "A total balance
In our favor Of IGs9,179 l90-nearly
five times the balance OF trade In our
favor for the whole period of los years
from 1890 to June 80, 1891 inclusive,
PUBLIC DEBT REFUND.
Four hundred and thirty-six million
dollars OF gold have been added 20 the
cold stock Of the United states since
July l. 1896, The Jaw of March II. 1900
authorized the refunding per cent
bonds Of that part of the public debt
represented boy the 3 per cent due In
1905. the per cents due In 1907. and the
s per cents due IN 1904, aggregating
$50. 900 GOO. More than one
third of the sum Of these bonds
was refunded In the first three months
after the passage Of the act, and on
September LIST the sum had been in
creased moro than $4,000 600, making In
all $32O,5lS 05O resulting In a net saving
OF over Ss.S79.52O.
EXPENDITURES DECREASING.
The ordinary receipts OF the govern
ment for the fiscal year Of 1900 were
S5g.52I0e0 In excess Of It's expenditures.
While our receipts both from GUS
toms and internal revenue have been
greatly increased our expenditures
have been decreasing, Civil and mis-
cellaneous expenses for the fiscal year
ending June 80. 1900. were nearly Nl-
100000 les than IN 1899. while on the
war account there Is a decrease Of
more than sos. 100000 There were re-
quIred $S.O000lo less 20 support the
navy this year than last, and expendl-
lures on account OF Indians were near
~ two and three quarters million dol
lars less than 1899
PENSIONS AND INTEREST.
The only two items OF increase IN
the expenses OF 1900 over 1899 are for
pensions and interest on the public
debt For 1899 we expended for peu-
sions $685. 929 and for the fiscal year
1900 our payments on this account
amounted 90 Sl40S1I3lG. The net in
crease Of interest on the public debt
of 1900 over 1899 required by the war
loan was S263. t0S25. While Congress
authorized the government 10 make q
war loan Of Si0O 600 900 at the beginning
Of the war with Spain. only {2J0.00O00O
OF bonds We're issued, bearing 3 per
cent interest, which were promptly and
periodically taken by our citizens.
TAXATION COMING DOWN.
Unless something Unforeseen occurs
20 reduce our revenues or increase our
expenditures, the Congress az its next
session should reduce taxation very
materially.
Five years ago we were sellIng gov