Fergus County argus., 1900-12-12
allied to the beneficial results OF the

banking account. A large increase
in national bank circulation has re-
suited from the provisions of the act
which permits national banks To is
sue circulating notes To the par value
of United States bonds deposited as
security instead Of only 30 per cent
thereof as heretofore. In dismissing
the subject the president says; "Thc
party In power Is committed to such
legislation as will better make the
currency responsive to the varying
needs Of business ut all seasons and
In all sections"
OF the condition of American ship
ping the president says:
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 remarkable growth ofour
steel industries, the progress Of ship
building for the domestic trade and
our steadily maintained expenditures
for the navy have created opportun.
ity to place the United States in the
first rank of commercial maritime
power. Besides realizing Il proper
national aspiration, this will mean
theestablishmcnt and healthygrowth
along all our coasts OF a distinctive
national industry expanding the field
for profitable employment OF labor
and capital. 1t will increase the trans.
portation facilities and reducefreIght
charges on the vast volume of pro.
ducts brought from the Interior to
the seaboard for export and will
strengthen an arm mofnatiOnald defense
upon which the founders Of the gov.
ernnent and their successors have
relied. In again urging the action by
the congress ON measures To promote
American shipping and foreign trade
direct attention to the erecommenda
tions on the subject in previous mes.
sages and particularly To the opinion
expressed in the message uf 1899.
II am satisfied the judgment uI
the country fayors the policy of aid
To our merchant marine which will
broaden our commerce and markets
and upbui!d our seuguing capacity
for the products Uf agriculture and
manufacture, which with the increase
of our navy mean more work and
wages Of our cOuntrymen IA well aS
II safeguard to American interests in
every part Of the world"
Federation is made OF the recon-
mendation in the previous messag,
concerning the necessity 0f uniform
legislation To regulate trusts anC
that means may be found for con
gress within Unconstitutional limita
tions to supplement IN effective cod,
of state legislation as to make q
complete system OF laws throughout
the United States adequate to com
pei general observance OF the statu
tory rules to which he has referred.
The Philippine question is treated
exbaustiyely. 4 full account sgiyer
OF the efforts of the administration t.
overcome the rebellion and its actor
in appointing civil commission tC
continue and perfect the organization
of a civil government already com
menced by the military authorities
subject in any respects to the law'
which congress may hereafter enact
The work Of the commission so fal
accomplished is set forth. In respec
to the future treatment Of the natives
the president says: "The fortune o
war has thrown upon this nation al
unsought trust which should be un
selfishly discharged and devolved up
on this government u moral as wei
as a material responsibility toward
this millions whom we have freed
from an oppressive yoke. have up
on another occasion called the Filipi
nos The wards OF the nation Oul
obligation as guardian was not
lightly assumed; 1t must not be other
wise than fulfilled, aiming first OF al
To benefit those who have come un
der our fostering care. 1t IL our duty
SO to treat them that our flag may
be no less beloved In the mountains
of Luzon and the fertile fields of Min
danuo and NegrOs than 1t is at home
there, as here, ii shall be the revered
symbol of liberty, enlightenment and
progress in every avenue uf develop
ment, the FilipinUs are II race to learn
and to profit by knowledge. He
would be rash with the teachings oI
cUntemporaneous history in view
who would fix limit 10 the degree
OF culture and advancement yet with.
i'm the reach Of those people If our
duty toward them be faithfully per.
formed"
In relation to Porto Rico the mes.
sage says: "rhe civil government ui
Porto Rico provided for by the act Oi
the congress approved April II, 1900
Is in successful operation. The courts
have been established; the govern
ment associates working intelligent
IS and harmuniously nre making Il
cOmmendable success. On November
6 IA general election was held in the
island for members OF legislation and
body has been called to convene
the first Monday OF December.
IL recommend that legislation b'