Griggs courier. (Cooperstown, Griggs Co., Dak. [N.D.]) 1885-1902, 1900-12-13

that there ought to be no hesitation IN
either branch OF the congress In giving
to II full effect
Our Financial Showing.
The president points with much pride
to the showing made by the treasury de-
p Par naga., and m quotes exhaus'iyely from
the surplus for the year to be sos $50 IS
and estim ates the surplus of the coming year
auSS0, 900. 900. Hesays the present condition
The available cash balance November 80
was 1888 3oS. 1874 50. Under the form of
statement prior to the financial law of
March II last this would have been IN
GUIDED IN the statement of available cash
gold coin and bullion held for the redenp-
ton OF United States notes.
Further Financial Legislation.
He recommends further financial legis-
lation in the following words:
1t will be the duty as l am sure 1T will
be the disposition of the congress to pro-
vide whatever further legislation is need
e eel TO insure the continued parity under
all conditions between our two forms OF
metallic money. silver and gold.
our surplus revenues have permitted the
Of the fiscal year to call in the funded loan
OF 1891 continued at two per cent, in the
sum OF SIS ss4 500. To and including, No
T 1,enn g. SIS 45s, 100 of these bonds have
amount which may accrue from further
redemptions under the call. will be ap-
The law of March H. 1900 provided for
relundlng into two per cent. 30-year bonds,
p pay, principal and interest in gold
portion of the public debt represented by
the three-per-cent. bonds OF 1905, the four
per- cents of $50. ard the fve-per-cents
or o, 1s ~ OF which there was ousssand-
sSO The holders of the old bonds pre- scented
I me lot exchange March u and Noven-
Der 80 TO the amount of 1864 s4S,77 $50. The
n hd oEylY ny,
TRANSACTIONS aggregates SS,lo6. 1865.
banking Facilitie. Extended
The beneficial effect of the financial act
OF isN' 50 TAR as it relates TO the modlti-
rssdy as eanknE act fol is al
incorporation of national banks with
capital OF not less than $4,000 in places
not exceeding 1900 inha bitants has result
ed in the extension of banking facilities
to many small communities hitherto un-
a al to d proviae shemseves with banking
%ere unasr zes 4om ;be
Nev . s.. $50 national - nix. q Shief5
i03 with capital Of 5000 or n more ore anu
1t is worthy of mention that the greater
number OF banks being organized under
need of banking facilities has been most
pronounced. Iowa stands first, with 30
banks banks of the smaller class, while Texas
die and western sections Of the country
have also awaited themselves largely Of
the privileges under the new law.
Our Foreign Trade.
Our foreign trade shows remarkable
ress The total of imports and exports
for the first time in the history of the
country exceeds $2oto,ooo,9oo. The exports
before, the total for the fiscal year 1850
being sl.ss4. .s3.os2. an increase over 1899
~
than 1896 by s5lls.6,l44,;
The growth OF manufac.ures in the
United States is evidenced by the fact
largely exceed those OF any previous year.
their value for 1900 being *433 S5l. 75s,
against 1883 ,5s2. 146 in 1889, an increase Of
Agricultural products We're also export
ed during 1870 in greater volume than a. in
1888 the total -. s9r the e. year , beng
The imports for the year amounted to
ss4S,-4l,lS4. an increase oyer 1888 of slh2.-
1855. This increase is largely in mate
rails for manufacture, and is in response
to the rapid development CT msnntactu!-
ing in the United States. While there
1900 material to the value of s797ss,s72 in
excess of 1899 it is reassur!ng to observe
| that there is a tendency toward decrease
| in tho importation of articles manufac-
| 1860 formed l517 per cent. OF the total
import. against l5.l per cent. IN 1899 and
| 2l.09 per cent. In 1896,
Tho Internal Revenue Tax.
| 1 recommend that the congress at its
present session reduce the internal rev
| enue taxes imposed to meet the expenses
of the war with Spain in the sum of $50
| COO, 0OO This reduction should be secured
| by the remission of those taxes which ex-
| rerience has shown to be the most bur
densome TO the industries of the people.
| specially urge that there be included In
| wha t-ver reduction is made the legacy tax
requests for public uses of a literary, sdu-
cational or charitable character
| Recommends Ship Subsidy.
| American vessels during the past three
| years have carried about nine per cent
| of our exports and imports. Foreign ships
| should carry the least. not the greatest,
part Of American trade: The rema rkable
ress of shipbuildirg for the domestic trade.
and our steadily maintained expenditures
for the navy have created opportuni-
| w to place the United States in the frs.
rank of commercial maritime powers.
| Besides realizing a proper national as
| piration this will mean the estab lishment
OF distinctive national Industry. expand
ing the field for profitable employment
| Of labor and capital 1t will increase the
| transportation Facilities and reduce freight
| charges on the vast volume of products
brought from the interior TO the sea board
for export; and viii strengthen an arm
OF the national defense upon which the
| founders of the government and thei,
| successors have relied.
The Trust Question.
| The trust question receives the atten-
ton of the president, and he says:
| 1T is apparent that uniformity Of epis-
| lation upon this subject in the several
| states is much to he desired 1t is to be
| hoped that such uniformity, founded in a
| wise and just discrimination between wha I
| is injurious and what is useful and neces-
| sary in business operations, may be OBJ
| tanned. and that means may be found 70!
| the congress. within the limitations OF its
| constitutional power, so to supplement an
effective code of state Legislation as TO
make a complete system Of laws through
| out the United States adequate to compel
| general Observance of the salutary rules
| to which have referred.
| The whole question is so importa MT and
| far-reach!ng that l am sure no part Of it
will be lightly considered. but every pha Sc
| of it viii have the studied delibera ton of
| congress, resulting in wise and judicious
| action.
Restraint upon such combinations as r.
| injurious, and which are within federal
jurisdiction. should be promptly applied
| by the congress-.
| The Philippines.
| Considerable attention is given the sub
ject of the Philippines and in this con-
| nection the scope and work OF the Phil
| ippine commission as outlined TO the COM
missioners is fully outlined for the bene-
| At of congress OF the present condi-
tons in the islands the president says:
In my last annual message l dwell. at
some length upon the condition of at
fairs in the Philippines. While seeking
TO impress upon you that the gray. re-