The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1900-12-07

Our Financial showing.
The president points with mucn prlus
to the showing made by the treasury de-
partment ana Quotes ex xiasn shows
the surplus for the year 10 be s.s.S-I.vcv,is:
and estimates the surplus of the coming year
OF The treasury is ons OF undoubtcd strength:
The available cash balance Novemoer -
was as9,sOS, lssso Under the f1 ,n 81 Of
March il last this would have been In
cluded in the statement OF available sasn
gold coin and bullion held for the reae"p-
ton OF United States notes.
Farther Financial Legislation.
Hc recommends further financial Iegls-
lation In the following words:
1t will be the duty as am sure u VIII
vide whatever further legislation Is need
ed TO insure the continued parity unaer
all conditions between our two terms OF
| metallic money. silver and gold.
our surplus revenues have permitted the
secretary OF the treasury since the ciose
OF the fiscal year TO call In the funcea loan
sum OF S.. ssa. 500 TO and including. No
vember 80 SIS ass. 100 OF these bonos have
been paid. This sum- together Win the
amount which may accrue from further
| redemptions under the call. VIII be ap-
piled 10 the sinking fund.
The law OF March IA. 1900. provided Tor
refunding into two per cent. S0-year bonds:
payable. principal and interest In goid
coin OF the present standard value. that
VI
The three percent bonds OF lscs the four
per-cents OF 1901 and the five-per-cents
OF 1900, OF WI Oh there was outstand-
$50 The holders of the old bonds presented
| them for exchange March II and Novem-
Der 30 TO the amount OF Ssi. 9iS. 100. The
net saving TO the government on these
transactions aggregates s9lG.les.
banking Facilities Extended.
The beneficial effect Of the financial act
OF 1890. 50 far as II relates to the .nodir-
ready apparent. The provision FOR the
incorpora ton OF national banks with q
capital OF not less than $1,000 in places
not exceeding 3oc0 inhabitants has result
ed in the extension Of banking facilities
to many small communities hitherto un-
able TO provide themselves with banking
There we're organized from the enact
ment OF the law up to and inciudine
November 50 ,ss ns.onsi banks 'san "a Sn sSd
100 with capital OF $4,000 or more.
II is worthy Of mention that the greater
the new law are in sections where the
need OF banking facilities has been mos
pronounced. lows. stands first, with 3
Oklahoma. Indian territory and the mid
die and western sections OF the country
have also availed 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
e eor ns eE Fs ms ' Tns Exports
are greater than they have ever beer
before the total for the fiscal year iss'
OF SIS. i5s.7so. an Increase over 1895 OF 1863
600 752 over 1871 OF Ss4s. ass. 526. and greater
than 1896 by s51i.s7s,i%i
United s States IS svidenced ~ the fac
. that exports OF manufactured product.
s1ssed 70, .h0'i 10, g ssas el
against s33s.5s2iAs in 1899. an increase O
, rs per cent.
ed during 1900 in greater volume than Il
1899. the total for the year being SSo.sos,
ia against s7S.Ys.l42 in 1888.
, Ssse al is4 an increase over 1899 OF Sl52.
J | 1872 6s5 This increase Is largely in mate
rails for manufacture. and Is in respons'
) | ing in the United States. While Their
| was Imported for use in manufacture II
1900 mater, 100 70 the sssue - s 20 obsery
that there is a tendency toward decreas
) in the importation OF articles manufac
$50 formed 1917 per cent. Of the tota
import. against 1854 per cent in 1879 an
no per cent. In 1886.
The Internal Revenue Tax.
recommend that the congress at IL
nresent session reduce the internal rev
enue taxes imposed TO meet the expense
= OF the war with Spain in the sum OF $50.
tm. no rms TeGuCUOn SHOulu DC stCuFts
O by the remission OF those taxes which ex
= perience has shown TO be the most bur
4 densome to the industries OF the people.
/ specially urge that there be included u
y whatever reduction is made the legacy ia J
beuuests for public uses OF a literary. edu
cational or charitable character.
!. Recommen DE- ship Subsidy.
q American vessels during the past thre
o wears have carried about nine per CEN
Of our exports and imports. Foreign ship
should carry the least. not the creates
4 part Of American trade: The remarkab!
= ress OF shipbuilding for the domestic trade
and our steadily maintained expenditure
r for the navy. have created an opportun
: ~ 10 place the United States In the frs
I. rank OF commercial maritime powers.
Il Besides vealizing a proper national a.
3 piration this will mean the establishmen
- OF a distinctive national industry. expanc
\ ing the field for profitable. employmer
p transportation facilities and reduce freigh
= | charges on the vast volume OF product
!. brought from the interior TO the seaboar
| for export, and will strengthen an arr
!. OF the national defense upon which IN
:, founders OF the government and the
- successors have relied.
= The Trust Question.
y The trust question receives the after
y. tion Of the president. and he says:
le 1T is apparent that uniformity of legi
IS lation upon this subject in the sever
4 states is much 10 be desired II is to
he wise and just discrimination between whs
p is injurious and what is useful and nece
Is sary in business operations. may be oil
al tanned. and that means may he found r,
the congress. within the limitations Of 4
re constitutional power. so TO supplement a
IN effective code of state legislation as
make a complete system OF laws through
N on. the United States adequate 10 comp
u a general observance OF the salutary rul.
to which have referred.
"The whole question is 80 important ar
a far-reaching that ! am sure no part OF
~ will be lightly considered. but every pha,
"a OF II will have the studied elaboration
u congress. resulting in wise and judicio,
e. action
"A Restraint upon such combinations as a.
injurious. and which are within feder
CO Jurisdiction. should be promptly apple
~ by the congress"
De The Philippine.
ne Considerable attention IL given the su
ject Of the Philippines. and In this col
- nection the scope and work OF the Phi
~ ippine commission - outlined to the cor
nes missioners Is fully outlined for the ben
" mt OF congress or the present cond
70 tions In the islands the president saws
VI In my last annual message l dwelt
- some length upon me condition Of a
a. fairs in the Philippines. While seekir
m hal he Ur r