Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1900-12-03
THE PRESIDENTS
MESSAGE.
The FtySixth Congress Met This Noon for Its Second
Session---The Presidents Message Is State
Paper of Remarkable CIearness
and Strength

ritorial administrative entity, protect
all the rights guaranteed the friendly
powers by treaty and international law,
and to safeguard for the world the prin-
ciple OF equal and impartial trade with
all parts Of the Chinese empire.
''The Russian proposition looking to
the restoration of the imperial power in
Pekin has been accepted as In full con-
sonance with our own desires. While
so doing we forego no jot of our undoubt-
ed right to exact exemplary and deter.
rent punishment of the responsible au-
thors and abettors of criminal acts
whereby we and the other nations have
suffered grievous injury.
II regard as one OF the essential
factors Of durable adjustment the Sc
curement of adequate guarantees for
liberty of faith, since the Insecurity of
those natives who may embrace alien
creeds is scarcely less effectual than the
assault upon the rights of foreign wor-
ship and teaching than would be di-
rect invasion thereof.
"The matter of indemnity for our
wronged citizens is question of grave
concern. Measured in money alone suf-
fcient reparation may prove to be be-
vond the ability of China to meet. All
of the powers concur in emphatic dis
Chalmers of any purpose of aggrandize-
ment through the dismemberment of the
empire. am disposed to think that due
compensation may be made in part by
the increased guarantees and security
for foreign rights and immunities, and, /,
most important of all, by the opening of
China to equal commerce to all the
world. These views have been and will
be earnestly advocated by our represen-
tatives."
The message then recites the events
as they occurred reports of slaughter
of native converts and missionaries and
the decisions of the powers to assemble
its combined feet in Chinese waters as
a moral demonstration; the development
of the seditions movement in PekiD; the
shelling of the Taku forts, after tho
Chinese had fired on the fleet, in which
the American Admiral refused to par
ticipate on the ground that we were not
at war with China; subsequent were the
capture Of the Taku forts, and the sew
erance of communication with Pekin;
the attack on the legations and their
relief by the combined force after fight
ing their way to the walled city.
Commenting on the latter the Presi-
dent says: The siege and the relief of
the legations has passed into undying
history. In all the stirring chapter
which records the heroism of the devot-
ed band, clinging to hope in the face of
despair, and the undaunted spirit that
led their relievers through the battle
and suffering to tie goal, it is memory
of which my countrymen may be justly
proud, that the honor of our flag was
maintained alike in the siege and rescue
and that stout American hearts have
again set high, in tervent emulation.
the true men of another race and lam
guage. by their indomitable courage
that ever strives for the cause of right
and justice"
TRADE WITH SOUTH AMERICA.
Credit for the continued good trade
relations with South America is given as
follows:
The "Bureau of American republics
continues to discharge, with the happiest
result, the important work of promoting
cordial relations between the United
States and the Latin American coun-
tries, all Of which are now active mem
bers OF the international union. The
bureau has been instrumental in bring
iag about an agreement for another
International American congress which
tc "a In, hn of in,
October 1901. The bureaus future for
another term OF ten years is assured by
international compact but congress will
doubtless have much to do with shaping
new lines of work and general policy.
It's usefulness to the interests of the
Latin American trade is widely appre-
ciated and shows gratifying develop
ment."
FINANCIAL CONDITION.
The financial condition of the govern
ment is spoken of as follows:
1T is gratifying to be able to state that
the surplus revenues for the fiscal year,
ended June 30, 1900, were $79, ,527, ,O6O. is.
For the six preceding years we had only
deficits, the aggregate OF which from
1894 to 1899 inclusive, amounted to
$3.50, ,O22, ,99l.14.
sit is gratifying also to note that
during the year considerable reduction
was shown in the expenditures OF the
government.
"Because of the excess of revenues
over the expenditures, the secretary of
the treasury was enabled to apply bonds
and other securities to the sinking fund
to the amount Of $56,544, ,556.Og. The
secretary Of the treasury estimates
receipts for the current fiscal year will
aggregate $3.50, 200, 900 and expenditures
$500, O00,O 900 leaving an excess of re-
venues over expenditures of $4,000, 900
The present condition of the treasury Is
one Of undoubted strength.
THE MONEY QUESTION.
sit will be my duty as lam sure it will
be the disposition of congress to provide
whatever further legislation Is needed
to insure continued parity under ell con-
ditions between our two forms Of me-
tallic money, silver and gold.
THE NATIONAL BANKING ACT.
''The beneficial effect Of the financial
act Of 1900, as far as it relates 70 The
modification of the national banking
act, is already apparent. The provision
for the Incorporation Of national hanks
with a capital Of not less than vs. 900
III places not exceeding three thou.and
inhabitants, resulted in the extension
Of banking facilities to many snail
communities hitherto unable to provide