The Hope pioneer. [volume] (Hope, N.D.) 1882-1964, 1900-12-13

part OF spain, the essential equity of
cure the defect Of the treaty by remov-
ing, all possible ground, Of future mis-
anaer st ia tb,T rssg srttnls: the a, intsrgre the
which VIII b forthwith aid sesfo !ssS tie
claim to the islands named, as well as to
any and all Islands belonging to the Phil
iippine archipelago lying outside the
agrees that all such Islands shall be com
pretended in the cession of the archi-
pelago as fully as Il they had been ex-
pressly included within those lines. In
consideration of this cession the United
States is to pay to Spain the sum of
100000. IT,.
Our Claims Against Turkey.
Our claims upon the government of the
sultan for reparation for injuries suffered
by American citizens in Armenia and else
where give promise of early and satisfac-
tory settlement. His majesty's good dispo-
sition lin this regard has been evidenced by
the issuance of an trade for rebuilding the
American college at Harpoot.
Would Extend Reciprocity.
He urges the approval Of the CONNER
this government n Other a"'J powers Uerses as
soon as possible that the agricultural and
other, industries of the country may profit
thereby. Continuing on this subject he
says:
The policy, of reciprocity so manifestly
rests upon, the principles of international
NdoANJoAA q bSGl . ~ IepSdlculy dp-
proved by the people of the United States.
that there ought to be no hesitation in
either BRANCH of the congress in giving
Exposition at Buffalo.
The exposition of the resources and
products of the western hemisphere to be
held at Buffalo next year promises impor-
tant results not only for the United States
but for the other participating countries.
1t is gratifying that the Latin-American
states have evinced the ~liveliest interest,
and the fact that an international Ameri.
can congress will be held in the City of
Mexico while the exposition is in progress
encourages the hope of a larger display at
Buffalo than might otherwise be p%ractic.
able. The work of preparing an exhibit of
our national resources is making satisfac-
tory progress under the direction of diff
ferent officials of the federal government
shown a disposition toward the most lib
eral participation in the enterprise.
Our Financial Showing.
The president points with much pride
to the showing made by the treasury de-
the report of Secretary Gage. He shows
the surplus for the year to be SIS. 527, O6O. is,
and estimates the surplus of the coming year
of the treasury is one of undoubted strength.
was siss, sos. 7s4:5o Under the form Of
March IA last this would have been in
cluded in the statement of available cash
gold coin and bullion held for the redemp-
ton of United States notes.
Further Financial Legislntion.
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-
ed to insure the continued parity under
all conditions between our two forms of
m eI5r I,r money. silver and 7. gold: t,o
secretary OF the treasury since the close
of the fiscal year to call in the funded loan
Sum eu iS, Of c sss, ga soS. Al 10 " and Peih ne eHn1l i1 Me- Me-
been paid: This sum, together with ne
redemptions under the call, viii be APP
piled to the sinking fund.
The law Of March IA. 1906, provided for
payable, principal and interest, in gold
coin of the present standard value, that
p69tiqn OF the public debt represented by
Of 1900, Of which there was outstand-
49, s5g T # the helde date Of Of Of sal oa1d bon lay nI ssss, 1ts,i
Der 80 TO the amount Of 1864, s4s, $50. The
net saving to the government on these
transactions aggregates 50. LOG. 166.
Hawking Facilities Extended.
Ihe beneficial effect of the financial act
OF isoo' 50 far as 1t relates to the modif-
casion Of the national banking act, is al
incorporation Of national banks with a
capital Of not less than s25,OG 6 in places
not exceeding 5000 inhabitants has result
ed in the extension of banking facilities
to many small communities hitherto un-
able to provide themselves with banking
T HSeiso'1 %efe u organiz ses f haa30na she Sy enasa:
November 60. $50 national banks, Of WHICH
ios with Capital a1e Of $50 5e 90 t or more spe,.OO. anu
~ IS worthy OF MENTION that the greater
number Of banks being organized under
the new law are in sections where the
need of banking facilities has been most
PRONOUNCED. Iowa stands first, with Sc
Oklahoma, Indian territory and the mid
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 a remarkable
record Of commercial and industrial prog
ress. The total of imports and exports
f foun the f fiTs t tins i. d IN a t6e eod history T%s e Of the e
are greater than they have ever been
before, the total for the fiscal year 1900
be bei s}gz 81 ;s g; 4ss, oS2, an Increase o over 1879
than 1886 by SSH, 7s,i44: '''-'' A'O se'l''
United STATES States IS e @iSalaei0f By the fact aaf
that exports Of manufactured products
largely exceed those Of any, previoms year,
against $3.50, 592,i4s in 1899. an increase Of
IS per cent.
Agricultural products were also export
ed during 1900 in greater volume than in
1892 1ss the he,t total s7 f9r 7 The 10 year ga be, being 1886 $685.
eco Th oe, Imports "a for the year e a 1sas IN s1z5 to
1872, SOS. This increase is largely in mate
rails for manufacture, and is in response
ing in the United States.
The Internal Revenue Tax.
T recommend that the congress at is
present session reduce the internal rev.
enue taxes imposed to meet the expenses
of the war with Spain in the sum Of $50,
600, 600. This reduction Should be secured
by the remission of those taxes which ex-
perience has shown to be the most bur
densome to the industries of the people.
I specially urge that there be included in
whatever reduction is made the legacy tax,
bequests for public uses of a literary, edu'
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 RI the = least. not the greatest
growth of our steel industries, the prog
ress of shipbuilding for the domestic trade,
and our steadily maintained expenditures
for the navy have created an opportuni.
ty to place the United States in the first
rank of commercial maritime powers.
The Trust Question.
TIL trust question receives the atten-
ton Of the president, and he says:
ut is apparent that uniformity Of legis.
lation upon his subject in the several
hoped that such uniformity, founded in q
wise and just discrimination between what
is injurious and What is useful and neces-
sary In business operations, may be OBJ
tanned, and that means may be found for
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
a general observance of the salutary rules
to which I have referred"
The Philippines.
Considerable attention is given the SUBJ
ject of the Philippines, and in this con-
nection the scope and work of the Phil
ippine commission as outlined to the COM
l M ic fllll1,- aiitlinad q tha-i aaa-