Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1900-12-07


either branch of the congress in giving
to 1t full effect.
Our Financial Showing.
The president points with much pride
the report of Secretary Gage. He shows
and estimates the surplus of the coming year
atSS0. GEO. coo. Hesays thepresent condition
The available cash balance November 80
was s1S9, 800, 79450. Under the form of
prior hit; to the naneia h law ,o OF
ciuded in the statement of available cash
GOLD coin and bullion held for the redemp-
ton of United States notes.
Further Financial Legislation.
He recommends further financial leg1s-
lation in the following words:
1t will be the duty as I am sure 1t viii
vide whatever further legislation is need
ed to insure the continued parity under
metallic money, silver and gold.
Our surplus revenues have permitted the
Of the scai year to e cali II the f funded loan
sum 81 's Of 70 w and PEI ine eHn Nos
been paid. This sum, together with the
amount an which may accrue rue, from ON, further
piled to the sinking fund.
The law Of March u, 1900: provided for
payabie Principal S p and cent Interest," in gold
coin of the present standard value, that
portion OF the public debt represented by
per-cents of 1907 and the five-per-cents
of 1900. of which there was outstand-
$50 The holders of the old bonds presented
them for exchange March 4 and Novem-
net saving to the government on these
transactions aggregates So, Jog. 166.
banking Facilities Extended.
The beneficial effect of the financial act
of 1900. so far 1t relates to the modifi-
cation of the national banking act. is al
ready apparent. The provision for the
capital of not less than 5000 in places
not exceeding 3.o00 tnha bitants has result
to many ' small communi R hitherto t uns
able to provide themselves with banking
institutions Tstna under the national system
November 50, sss national banks. Of whieh
wts G capital saP Of taan
1t is worthy of mention that the greater
q law n n ascons Were sse
nesd of banking facilities has been most
banks of the smaller class, while Texas.
Oklahoma, Indian territory and the mid
have also availed themselves largely Of
the privileges under the new law.
Our Foreign Trade.
Our foreign trade shows remarkable
ress. The total of imports and exports
for the first time IN the hs5S ns Of the
are greater than they have ever been
before the fetal AZ. for the fiscal year 1899 1899
of s sss of asss
GOO 7S2, oyer 1887 Of $s4s, 4Ss.S2 and greater
United States States Is e~ fs By the fact
that exports Of manufactured products
saslh sfs R s's sss ss,as
ed aurns 1870 P IN greater r Volume than in
e. AGAINST es 9ta! ST. In 1885,
The Imports for the year amounted 1pos m to
This is 0Hsr in oi
rails for manufacture. and Is in response
to 9r the f5s TseS OF hs
was Imported for. use in manufactars in
1900 material to the value of s72 in
in ina the e" Importation Of articles manufaco
isoc foE eens
21.09 per cent. In 1886.
The Internal Revenue Tax.
I recommend that the congress at its
present session reduce the internal rev.
enue taxes imposed to meet the expenses eso
COO, 600. This reduction should be secured
by the remission OF those taxes which ex-
densome to the Industries Of the people
specially urge that there be included in
bequests for public uses of literary. edu-
cational or charitable character.
Recommends Ship Subsidy.
American vessels during the past three
Of our exports and Imports. Foreign ships
should carry the least. not the greatest
part Of american TRACE ind, the remarkable ma
ress of shipbuilding for the domestic trade,
and our steadily maintained expenditures
ty to place the United States In the first
rank of commercial maritime powers.
piration this viii mean the establishment
and healthy growth along. all our coasts
ing the field for profitable employment
of labor and capital. It will increase the
charges on the vast volume of products
brought from the interior to the seaboard
of the ep nationai defense npon Which a 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 legts-
lation upon this subject in the several
states is much to be desired. It is to be
hoped that such uniformity. founded in a
wise and just discrimination between what
is injurious and what is useful and neces-
sary in business operations, may be OBJ
tanned, and that means may be found for
constitutional 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.
1.-THE whole question is SO important and
far-reaching that am sure no part of 1t
will be lightly considered. but every phase
of it will have the studied elaboration of
congress, resulting in wise and iudicious
action.
Restraint upon such combinations as are
Injurious. and which are within federal
jurisdiction. should be promptly applied
by the congress-
The Philippines.
Considerable attention is given the sub
ject of the Philippines, and in this con-
nection the scope and work of the Phil
ippine commission as outlined to the COM
missioners is fully outlined for the bene-
fit of congress. OF the present condi-