The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1900-12-04

die and western sections OF the country have
also availed themselves largely Of the privileges
under the new law.
a large increase in national bank note circ,i-
iation has resulted from the provision OF tho
act which permits national banks to ss,ie cir
t'ilating notes to the pnr value OF the United
states bonds deposited as security instead Of only
oo per cent thereof. as heretofore. The increase
In circulating notes from March IA to Nov. 70
Is ST., ,ss0,57O.
The party in power Is committed to such leg
islaton as will better make the currency re-
sponsivc to the varying needs Of business at all
seasons and in all sections.
Foreign Trade.
Our foreign trade shows remarkable record
OF commercial and industrial progress The total
OF imports and exports for the first time in the
history ot the country exceeded two billions Of
dollars. The exports ore greater than they have
ever been before. the total for the fiscal year
1900 being 81 l.S0i, is3,Os2, an increase 1899
OF Sl87, 7,45D,7s0, an increase over 1893 Of Sl63..
'52, over 1897 Of 3i3 500. and greater than
1896 by $5li i.s78,1i4.
The growth Of manufactures in the United
states is evidenced by the fact that exports
OF manufactured exports largely exceed those Of
any previous year, their value for 1900 being
S83 1851, '58 against $s395o2, ,li8 in 1899, an in.
crease Of 2S per cent.
Agricultural products were also exported during
1900 in greater volume than in 1900. the total
for the year being ,s5s, 1913, against $7si,7e.
li2 in 1880
The imports for the year amounted to $s40,.
Oil.1Si, an increase over 1880 of S152, ,7O2, sos,
This increase is largely in materials for manu-.
facture and is in response to the rapid develop.
ment OF manufacturing in the United States
While there imported for use in manufactures
m al In vain NJ in
excess Of 1900, it is re.assuring to observe that
there is a tendency toward decrease in the i'm
portation OF articles manufactured ready for con-
sumption. which in 1000 formed 1917 per cent.
OF the total imports against 1851 per cent in
1879 and 2l.09 per cent in 1896
Revenue Reduction.
recommend that the congress at its present
session reduce the internal taxes imposed
to meet the expenses Of the with Spain in
the sum OF thirty millions Of dollars. This re-
duction should be secured by the remission of
those taxes which experience has shown to be
the most burensome to the industries Of tho
people. | especially urge that there he included
in whatever reduction is made the legacy tax
bequests for public uses OF literary educational,
charitable character
American Shipping.
American vessels during the past three years
have carried about per cent. of our exports
and imports. Foreign ships should carry the
least hot the greatest. part of American trade.
The remarkable growth of our steel industries,
the progress OF ship.budng for the domestic
trade. and our steadily maintained expenditures
Tor the navy have created an opportunity to
place the United States in the front rank OF com.
merCial maritime powers.
Besides realizing proper national aspiration
this will mean tho establishment and healthy
ll.N 0IllN nT l:,t:,
tional industry, expanding the field for the pro-
ftable employment OF labor and capital 1t will
increase the transportation facilities and reduce
freight charges on the vast volume Of products
brought from the interior to the seaboard for
export, and will strengthen an arm OF the ma
tional defense upon which the founders OF the
government and their successors have relied In
again urging immediate action by congress on
measures to promote American shipping and for.
cign trade. direct attention to the recommel.
dations on the subject in previous messages and
particularly to the opinion expressed in the mes
sage Of 1880:
81 am satisfied the Judgment OF the country
favors the policy TO aid merchant Marine
which will broaden our commerce and markets
and upbuild Our sea-carrying capacity for the
products of agriculture and manufacture which,
with the increase of our navy, means more work
ana wages to our collntrymen, as well as a safe
guard to American interests in every part Of the
world"
Trusts.
In my last annual message to the congress I
called attention TO tle necessity for early action
to remedy such evils might be found to exist
in connection with combinations of capital or.
Ganizcd into trusts. and again invite attention
10 my discussion of the subject at that time,
which concluded with these words:
1T is apparent that uniformity OF legislation
upon this subject in the several states is much
to be desired. 1t is to be hoped that such uni.
fornity, founded in a wise and Just discrimination
between what is injurious and what is useful
and necessary in business operations, may be oh.
tanned. and that means may be found for tn.
congress, within the limits of its constitutional
power, so to supplement an effective code of state
legislation as to make complete system of
laws throughout the United States adequate To
compel general observance of the salntary rules
to which have referred.
"rhe whole question is so important and far
reaching that am sure part of it will be
lightly considered, hut every phase OF it will
have the studied dclberation Of tho congress,
resulting in wise and iudcious action"
Restraint upon such combinations as are in.
furious. and which are within Federal iursdc.
tion, should be promptly applied by the congress.