El Paso daily herald. (El Paso, Tex.) 1881-1901, 1900-09-29

these dangerous and revolutionary poll
cies, and this year they will not fail to
record again their earnest dissent.
Faithful to Tariff Traditions.
The Republican party remains faith
full to its principle of a tariff which sup
plies sufficient revenues for the govern
ment and adequate protection to our en-
terprises and producers and of reciproci-
" which opens foreign markets to the
fruits of American labor and furnishes
new channels through which to market
the surplus of American farms. The
time honored principles of protection and
reciprocity were the first pledges of Re
publican victory to be written into pub
lie law.
The present congress has given to
Alaska a territorial government for
which 1t had waited more than a quar-
ter of a century, has tablished a rep
resentative government in Hawaii, has
enacted bills for the most liberal treat
ment of the pensioners and their widows
and has revived the free homestead pol
icy. In its great financial law it pro-
vided for the establishment Of banks of
issue with a capital of $4,000 for the
benefit of villages and rural communities
and bringing the opportunity for profita-
BILE business in banking within the reach
of moderate capital. Many are already
availing themselves of this privilege.
The Country Prosperity.
Our Industrial and agricultural condi-
lions are more promising than they have
been for many years. probably more SO
than they have ever been Prosperity
abounds everywhere throughout the re-
public / rejoice that the southern as
well as the northern states are enjoying
full share of these improved national con-
ditions and that all are contributing so
largely to our remarkable industrial de-
velopment The money lender receives
lower rewards for bis capital than IL 1t
were invested in active business. The
rates of interest are lower than they have
ever been in this country. while those
things which ara produced on the farm
and in the workshop and the labor pro-
ducing them have advanced in value
Our foreign trade shows a satisfactory
and increasing growth. The amount OF
our exports for the year 1900 over those
of the exceptionally prosperous year of
1899 was about 100000 for every day
of the year. and these sums have goue
into the homes and enterprises of the
people. There has been an increase of
over S5O.0OO0 900 in the exports of agri-
cultural products. So. So. 220 in manu-
features and in the products of the
mines of over 100000. Our trade
balances cannot fail to give satisfaction
to the people of the country. In 1898 we
sold abroad S615.432.676 of products
more than we bought abroad: in 1899.
$500 .S74.S13. and in 1900. S544. All. 7O1,
making during the three years a total
balance in favor of S1.6S9, 719 .19O.
nearly Eve times the balance of trade in
our favor for the whole period of los
years from 1870 to June 30. 1897, inclu-
aiva-
dollars OF gold has been added to the gold
stock of the United States since July I.
1895. The law of March IA, 1900. au-
thnrized the refunding into per cent
bonds OF that part of the public debt rep
resented by the 3 per cents due in 1905.
the per cents due in 1907 and the per
cents due in 1904. aEgregating $40. OOO,
600. More than one-third of the sum of
these houds was refunded in the first
three mouths after the passage of the
act. and on Sept L this sum had been in
creased more than S33. 900 900. making
In all $3.50. 57S.O $50. resulting in net
saving OF over SS.3T9.5 $40 The ordinary
receipts OF the government for the fiscal
year 1900 Were S19. 527 .O6O in excess of
its expenditures
The Boer-Rrttfsh War.
In the unfortunate contest between
Great Britain and the Boer states of
South Africa the United States has
mainta aimed attitude of neutrality in
accordance with its well known tradi-
tionsl policy. 1t did not hesitate. how
ever. when requested by the governments
of the South African republics. to exer-
else it's good offices for cessation of
hostilities- 1t is to be observed that
while the South African republics made
like request of other powers the United
States is the only one which complied.
The British government declined to &c
cept the Intervention of any power.
Ninety-oue per cent of our exports and
imports are now carried by foreign ships.
For ocean transportation pay annual
ly to foreign shipowners over S16o.OO0.-
600. We ought to own the ships for our
carrying trade with the world. and we
ought 10 build them in American ship
yards and man them with American
sailors. Our own citizens should receive
the transportat ton charges now paid To
foreigners / have called the attention
of congress to this subject in my several
annual messages
The I.thmIan Waterway.
A subject of immediate Importance 10
our country is the completion OF IA great
waterway OF commerce between the At
lantic and Pacific. The construction Of
a maritime canal is now more than ever
indispcnsa bile to that Intimate and ready
communication between our eastern and
western scaportS demanded by the an
nexation of the Hawaiian Islands and
the expansion Of our influcnce and trade !
in the Pacific.
Our national policy more impcrativcly |
than ever calls for its completion and I
control by this government. and it is he I
licved that the next session of congress. |
after receiving the full report of the |
commission appointed under the act APP 4
proved March 3. 1899. will make pro-
visions for the sure accomplishment OF I