Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1900-09-20
or ,,s ru,,,c debt Tn 1899 we expenaea

f0r nUnSIOWS HIgJ,0Tf,J-J,
year 1900 our payments on this account
amounted to SAC, ,S77, 3l6. The net increase
of interest on the public debt of 1900 over
1899, required by the war loan, was S263.-
4OS 25 While congress authorized the gov
ernment to make a war loan OF S4OOOOO-
600 at the beginning OF the war with
Spain only $200, 600, 600 of bonds were is
sued, bearing three per cent. interest.
which were promptly and patriotically
taken by our citizens.
Unless something unforeseen occurs to
reduce our revenues or increase our ex-
penditures, the congress at its next ses-
sion should reduce taxation very mate
rally.
Five years ago we were selling govern
ment bonds bearing as high as five per
cent. interest. Now we are redeeming
thin with bond at par bearing two per
cent. interest. We are selling our sur
plus products and lending our surplus
money to Europe. One result OF our sell
ing to other nations so much more than
we have bought from them during the
past three years is radical improve
ment of our financial relations The great
amount of capital which has been bor-
rowed of Europe for our rapld, mate
rial development have remained con-
slant drain upon our resources for inter-
markets liable to constant disturbances
by calls for payment or heavy sales OF
our securities whenever money stringen-
cies or panic occurred abroad. We have
now been paying these debts and bring
ing home many of our securities ana es-
tablishing countervailing credits abroad
nv our loans and placing ourselves upon
a sure foundation of financial independ-
ence.
Regarding the Boer War.
In the unfortunate contest between
Great Britain and the Boer ,1 states or
tanned an attitude OF neutralty IN ac,
cordance with its well-known traditional
policy 1t did not hesitate however,
when requested by the governments Of
the South African republics, to exercise
its good offices for a cessation OF hostil-
tiles 1t is to be observed that while the
South African republics made like re-
quest of other powers. the United States
was the only one which complied The
British government declined to accept
the intervention of any power
Ninety-one per cent. of our exports and
imports are now carried Dy foreign SHIPS.
For ocean transportation we pay annual
ly to foreign ship owners over Slbo,OOOUO
We ought to own the ships for our car
rying trade with the world. and we ought
to build them in American ship yards and
man them with American sailors our
own citizens should receive the transpor-
tation charges now paid to foreigners.
The Canal Question.
A subject of immediate Importance TO
waterway of commerce between the At
lantic and aCifc. The construction of a
maritime canal is now more than ever
indispensable to that intimate and ready
communication between our eastern and
western seapOrts demanded by the annex
alton of the Hawaiian islands and the
the Pacific.
our national policy more imperatively
than ever calls for it's completion and
control by this government; and 1t is
believed that the next session of congress,
after receiving the full report of the COM
mission appointed under the act approved
March 3, 1899, will make provision for the
sure accomplishment of this great work.
Capital and Labor.
Combinations Of capital which control
the market in commodities necessary to
the general use, of the people, by sup
pressing natural and ordinary cOmpeti-
tiou, thus enhancing prices to the gem
eral consumer, are obnoxious to the COM
mon law and the public welfare. They
are dangerous COnSpracieS against the
public good and should be made the sub
ject of prohibitory or penal legislation.
Publicity will be a helpful influence to
check this evil. Uniformity of Legislation
in the several states should be secured.
Discrimination between what is injurious
and what is useful and necessary in busi-
ness operations is essential to the wise
and effective treatment Of this subject.
Honest cooperation of capital is necessary
to meet new business conditions and eN-
tend our rapidly increasing foreign trade,
but conspiracies and combinations in
tended TO restrict business. create mo-
nopolies and control prices should be
effectively restrained.
The best service which can be rendered
to labor is to afford 1t an opportunity for
steady and remuncratiVe employment and
give it every encouragement for advance
ment. The policy which subserVes this end
Is the true American pOIlCN. ne past
three years have been more satisfactory to
American workingmen than many preced-
ing years. Any change of the present in
dustrial or financial policy of the govern
ment would be disastrous to their highest
interests. With prosperity at home and
an increasing foreign market for Amer
lean products, employment should CON
tinue to wait upon labor, and with the
present gold standard the wOrkingman is
secured against payments for his labor In
a deprecated currency. For labor, short
day is better than short dollar; one will
tighten the burdens the other lessen the
rewards of toll The one will promote con-
tentment and Independence; the other pen
ury and want. The wages of labor should
be adequate to keep the home in comfort,
educate the children and, with thrift and
economy, lay something up for the days
of inlirInity and old age.
Practical civil service reform has al
ways had the support and encouragement
of the republican party. The future of the
merit system is safe in it's hands.
The merit system, as far as practicable,
is made the basis Off appointments to office
in our new territory.
The Army and Navy.
The American people are profoundly
grateful to the soldiers, sailors and ma
rines who have in every time of conflict
fought their countrys battles and defended
it's honor The survivors and the Wild
ows and orphans of those who have fallen
are justly entitled to receive the generous
and COnSiderate care of the nation.
Referring to what has been accomplished
in Cuba, the president says a long step
mas Deen taken IN the 1ultlllfnent oil the
sacred guarantees to the people of the is
land.
Notwithstanding the many embarrass-
ments incident to a change of national con-
ditions, Porto Rico is rapidly showing the
good effects of her new relations to this
nation.
The Philippine Question.
The power of the government has been
used for the liberty, the peace and the
prosperity of the Philippine people and
force has been employed only against force
which stood in the way of the realization
of these ends.
After reciting the events of Importance
leading up to the present situation, to
show what has been done and is being
done to bring the benefits of liberty and
good government to these wards of the
nation" the letter continues:
Every effort has been directed to their
peace and prosperity, their advancement
and well-being, not for our aggrandize-
ment nor for pride of might, not for trade
or commerce, not for exploitation, but for
humanity and civilization; and for the
protection of the vast majority of the
population who welcome our sovereignty
against the designing minority whose first
demand after the surrender of Manila by
the Spanish army was to enter the city
that they might loot it and destroy those