Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1900-09-13

| therefore the imperative business of
those opposed to this financial heresy
to prevent the triumph of the parties
whose union is only assured by adj.
herence to the silver ISSUE Will the
American people, throgh Indifference
or fancied security, hazard the over
throw of the wise financial legislation
of the past year and revive the danger
of the silver standard with all of the
inevitable evils of shattered confidence
and general disaster which Justly
alarmed and aroused them in 1896?
The Chicago platform of 1896 is reaf-
firmed in its entirety by the Kansas
City convention. Nothing has been
omitted or recalled: so that all the per-
lis then threatened are presented anew
With the added force of a deliberate
reattirmation.
PROTECTION AND THE FINANCES
Payment of United States Bonds-Nation-
al Income and Outgo.
The Republican party remains
Ialthtul to lis principle of a protective
tariff Which supplies sufficient rev.
enues Tor the government and ade-
quate protection to our enterprises and
producers; ana Of reciprocity which
opens foreign markets to the fruits of
American labor, and furnishes new
channels through which to market the
surplus of American farms. The time
| honored principles of protection and
| reciprocity were the first pledges of
Republican victory to be written into
public law
ne present congress has given to
Alaska q territorial government for
| Whlca 1t had waited for more than a
| quarter oil century; has established
representative government in Hawaii;
| has enacted bills for the most liberal
treatment of the pensioners and their
| widows: has revived the free home
stead policy. In its great financial
law it provided for the establishment
OF banks OF issue with a capital of $25,-
uoO Tor the benefit of the villages and
rural communities, and bringing the
opportunity for profitable business in
banking within the reach of moderate
capitai. Many are already availing
themselves of this privilege.
| during the past year more than
| SlO,OC0,0O0 of United States bonds
have been paid from the surplus rev.
enues of the treasury, and in addition
| S2o.OOO,OO0 of per cents. matured
called by the government, are in proc
ess OF payment. Pacific railroad bonds
Issued by the government in aid of the
roads in the sum of nearly $40,00O,000
| have been paid since Dec. 81, 1897.
The treasury balance is in satisfactory
condition, showing on Sept / $780,
4l9000, in addition to the $50 900, 600
gold reserve held in the treasury. The
governments relations with the Pa
| chic railroads have been substantially
closed, $124,421 900 being received
from these roads, the greater part in
cash and the remainder with ample
securities for payments deferred. In
stead of diminishing, as was predicted
four years ago, the volume of our cur
rency is greater per capita than 1t
has ever been. 1t was sol. 10 in 1896.
1t had increased to S26.5O on July L.
1900, and $26.s5 on Sept. 1, 1900. Our
total money on July /, 1896, was ST.
500, 434966; on July /, 1900 it was 81
062, 425 ,496, and $2,096, 6S3O42 on Sept
| 1, 1900.
Our industrial and agricultural con-
d1tlons 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 full share of
these mproveTnational conditions and
that all are contributing SO largely
to our remarkable industrial develop
ment. The money lender receives low
er rewards for his capital than if it
were invested 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 adj
yanced in value.
4 our foreign trade shows satisfac-
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
million dollars for every day Of the
year, and these sums have gone into
| the homes and enterprises of the peo-
pie. There has been an increase of
ovr S50,0O0,0OO in the exports of agri-
/ cultural products; $92 ,692, 900 in manu-
factures, and in the products of the
mines over $10,000,0OO. Our trade bal
ances cannot fail to give satisfaction
to the people Of the country. In
Iooo we eolu dDTOuu lO,4SZ,OI6 OF
products more than we bought abroad;
in 1899 $529, S47, s13, and in 1900 $544,
All, 7O1, making during the three years
a total balance in our favor of ST.
$50, T79. 190-nearly five times the bal
ance of trade in our favor for the
whole period of 10S years from 1890
to June 30, 1897, inclusive.
-Four hundred and thirty-six million
dollars of gold have been added to the
gold stock of the United States since
July /, 1896. The law of March IA,
1900, authorized the refunding into 9
per cent. bonds Of that part of the
public debt represented by the 3 per
cents. due in 1908, the per cents.
due in 1907, and the 3 per
cents. due in 1904, aggregating $780,
100000. More than one-third of the
sum of these bonds was refunded in
the first three months after the pas
sage Of the act, and on Sept. 1 the
sum had been increased more than
100000, making in all $780,
51S,O5O, resulting in net saving
of over $s,379,52O. The ordinary re-
ceipts of the government for the fiscal
gear 1900 were $79,527 ,O6O in excess
/ of IFS eynandit,rac