The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1900-12-07

Of the fiscal year to csll in the funded loan
sum Of s4sS TO and PEI ins eSnf IN N the
yember %. So, ass 90 of these bonds have
s oeem paid This sum. together with the
assumptions under the call, will be an
pnea TO the sinking fund:
refunding into two per cent. a0-year bonds.
ca;n n Pr principal and interest. in gold
Of the debs pS
p pc Gen of 1907 and the fwe-per-cents
ng At the date Of nes ssid was law o1s SIS nd
ego The holders of the old bonds pre- scented
Der 30 to tSa March 81 IL. and
net saving to the government on these
transactions aggregates s9.1O6. 1e6.
Banking Facilitie. Extended.
The beneficial effect of the financial act
cation of the national banking 'a act. " is an
ready apparent. The provision for the
incorporation IN corp Of national banks with a
not exceeding 5000 inha bitants has result
e go IN the extension of banking facilities
s al many an small communities hitherto un-
o9sanzea f4om the sy snsae
sNSovember 50. ses national banks OF Whick
1Ss were were with capital less than $4,000 and
1t is worthy Of mention that the greater
NUMBER OF banks being organized under
the new law are in sections where the
propouneed iowa stands first, With 20
banks OF the smaller class, while Texas,
GG,k OK ana Indian territory and the mid
nave also availed themselves largely Of
the privileges under the new law.
Our Foreign Trade.
Our foreign trade shows a remarkable
record nd Ind frio
ress The total of imports and exports
eor the in the hstSry Of the
are greater than they have ever been
before the he fetal al for the fiscal year 1900
q an over ISIS ss of , ssss
than 1896 by s51l SIC. ia:
United States is evidenced BY the fact
that exports Of fos products
against 1889 .5s2.14e in 1899. an increase Of
ed during 1900 in greater volume than in
1sss tRs 9etai far ne year being
$S49, 91,18 an increase over 1899 of $751;,
1872, sos. This increase is largely in mate
to the rapid development Of manufactur-
ing in the United States. While there
$50 to for the value in "a in
excess of 1899, it is reassuring to observe
that there is tendency toward decrease
tured ready for consumption, which in
1900 formed 1a11 per cent: Of the total
import. against 1854 per cent. in 1899 and
21.09 per cent. in 1896.
Tho Internal Revenue Tax.
I recommend that the congress at its
present session reduce the internal rev.
Of the war with Spain in the sum Of 800
600, 900. This reduction should be secured
by the remission of those taxes which ex-
0ensome to the industries Of the people.
specially urge that there be included in
whatever reduction is made the legacy tax.
requests for public uses of literary, edu-
cational or charitable character.
Recommends Ship Subsidy.
American vessels during the past three
years have carried about nine per cent.
should carry the least. not the greatest.
part of American trade. The remarkable
ress of shipbuilding for the domestic trade,
and our steadily maintained expenditures
to the e
rank Of commercial maritime powers.
Besides realizing proper national as
and healthy growth along ali our coasts
of distinctive national industry, expand
ing in the e6 for proftable empoyment
transportation facilities and reduce freight
charges on the vast volume Of products
for export, and will strengthen an arm
of the national defense upon which the
founders of the government and their
successors have relied
The Trust Question.
The trust question receives the atten.
ton of the president. and he says:
1T is apparent that uniformity of lesis-
lation upon this subject in the several
states is much to be desired. It is to be
hoped that such uniformity. founded in a
is injurious and what Is useful and neces-
sary in business operations, may be OBJ
tanned, and that means may be found for
power, so to supplement an
effective code of state legislation as to
make complete system of laws through
out the United States adequate to compel
a general observance Of the salutary rules
to which have referred.
The whole question is SO important and
far-reaching that am sure no part of it
of it will have the studied elaboration of
congress. resulting in wise and judicious
action.
Restraint upon such combinations as are
Jurisdiction. should be promptly applied
by the congress-"
The Philippines.
Considerable attention is given the SUBJ
ject of the Philippines, and in this con-
nection the scope and work of the Phil
missioners Is fully outlined for the bene-
fit of congress. OF the present condi- |
tons in the islands the president says:
some length upon the Condition of af.
fairs in the Philippines. While seeking |
to impress upon you that the grave re-
sponsibility of the future government of
those islands rests with the congress of |
the United States, l abstained from rec
at that time a specific and |
final form Of government for the terri |