The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1900-09-27

3 per cent. interest which were prompt
ly and periodically taken by our citi-
zens.
UNLESS something unforeseen oc-
ours to reduce our revenues or in
crease our expenditures, the congress
at it's next session should reduce taxa
ton very materially. Five years ago
we were selling government bonds
bearing as high as 5 per cent. inter
est. Now we are redeeming them with
a bond at par bearing 2 per cent. In
terest. We are selling our surplus
products and lending our surplus mon-
ey to Europe. One result of our sell
ing to other nations so much more
than we have bought from them dur
ing the past three years is a radical
improvement of our financial relations.
TRANSPORTATION OF OUR EXPORTS
Should Be Done by Our Own Shtps-CanaT
Across the Isthmus.
''Ninety-One per cent. of our exports
and imports are now carried by for
eign ships. For ocean transportation
we pay annually to foreign shipoWn-
ers over $165,00O,000. We ought to
own the ships for our carrying trade
with the world and we ought to build
them in American shipyards and man
them with American sailors Our own
citizens should receive the transporta-
ton charges now paid to foreigners. L
have called the attention Of congress
to this subject in my several annual
messages In that of Dec. b, 1897, L
said: Most desirable from every
standpoint of national interest and pa
triotism is the effort to extend our for
eign commerce. TO this end our mer-
chant marine should be improved and
enlarged. We should do our full share
of the carrying trade of the world. We
do not do it now. We should be the
laggard no longer
I'm my message of Dec. 5, 1899, l
said: Our national development will
be one.sided and unsatisfactory so long
as the remarkable growth Of our in
land industries remains unaccompa-
nied by progress on the seas There
is no lack of constitutional authority
for legislation which sfall give to the
country maritime strength common
surate with it's industrial achieve
ments and with its rank among the
nations Of the earth. The past year
has recorded exceptional activity in
continual prosperity in ship building
are abundant Advanced legislation
for the protection of our sea-
trade, under regulations wisely
framed at the beginning of the gov
eminent and since, shows results for
the past fiscal year unequaled in our
records or those Of any other power.
We shall fail to realize our opportuni-
ties, however, If we complacently re-
gard only matters at home and blind
ourselves to the necessity of securing
our share in the valuable carrying
trade of the world 1 now reiterate
these views.
ga subject of immediate Importance
to our country is the completion of
great waterway of commerce between
the Atlantic and Pacific. The con-
structiOn of a maritime canal is now
more than ever Indispensable to that
intimate and ready communication be-
tween our eastern and western sea-
ports demanded by the annexation of
the Hawaiian islands and the eXpan-
sion of our influence and trade in the
Pacific. Our national policy more i'm
peratively than ever calls for it's COM
pletion and control by this govern
ment; and it is believed that the next
session of congress, after receiving the
full report of the commission appoint
ed under the act approved March 3,
1899, will make provision for the sure
accomplishment Of this great work.
SOME REFLECTIONS ON TRUSTS
With Remarks of Interest to Laboring Men
Civil Service Reform.
denominations of capital which con-
troll the market in commodities neces-
sary to the general use of the people,
by suppressing natural and ordinary
competition, thus enhancing prices to
the general consumer, are obnoxious
to the common law and the public well
fare. They are dangerous conspira-
cies against the public good and should
be made the subject Of prohibitory or
penal legislation. Publicity will be
helpful influence to check this evil.
Uniformity Of legislation in the several
states should be secured. Discrimina-
ton between what is injurious and
what is useful and necessary in bust
ness operations is essential to the wise
and effective treatment of this sub
ject. Honest cooperation of capital is
necessary to meet new business con-
ditions and extend our rapidly increas-
ing foreign trade, but conspiracies and
combinations intended to restrict bust
ness, create monopolies and control
prices should be effectively restrained.
''The best service which can be rem
dered to labor is to afford it an OPP
portunity for steady and remunerative
employment, and give it every encour-
agement for advancement. The policy
which subserves this end is the true
American policy. The past three years
have been more satisfactory to Ameri-
can workingmen than many preceding
years. Any change of the present in
Gustrial or financial policy of the gov
eminent would be disastrous to their
highest interests. With prosperity at
home and increasing foreign market
for American products, employment
should continue to wait upon labor
and with the present gold standard
the workingman is secured against
payment for his labor in a deprecated
currency. For labor, short day is
better than a short dollar: one will