The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-09-10

nublIc txpe,es OF 1900 over 1859 are
for pensionlnd interest on the public
deht For 800 we expended for pen
sIons slae, 5000, and for the. fiscal year
Ig0I our pi1nents on this account
amounted }f $40. s77,3ls. The net In
crrase OF iterest on the public debt Of
1000 over 20 required by the war loan.
was seq, Si75. While Congress au-
thOrized ,ei government to mokea war
loan of Mo,ooo.o0o mt the beginning OF
the waryith Spain, only S200.d00,d0d OF
b"nds DE ISSUED, bearing 8 per cent
in,crpstwhich were promptly and pa
trlo,,cay taken by our citizens. "A
gxation VIII be Reduced.
r,ules something Unforeseen occurs
TO reace our revenues or increhse our,
sxnc,llturcs, the Congress at It's next
s,ss,n should reduce taxation very
patrially. 4. 4 Il. < H
Ete years ago we were selling gov
irtrient bonds bearing as high as 5
,,r cent interest. Now we are redeem
bg them with a bond at par bearing Q
Der cent interest. We are selling our
Earplas products and lending our sur-
|pus money to Eurone, One result of
l
more than We have bought from them
during the past three years, Is Il radical
mprovcment5of' our financial relations.
The great amounts OF capital which
have been borrowed Of Europe for our
rapid, material development have re-
,nalned constant drain upon orr re-
sources for interest and dividends and
made our money markets liable to con-
slant disturbances by calls for pay
ment or heavy sales OF our securities
whenever moneyed strtngency or panic
occurred abroad. We have now been
paying these debts and bringing homa
many Of our securities and establishing
countervailins credits abroad by our
looms and placing ourselves upon q
sure foundation Of financial independ-
ence. g.,gsi t-4s, 1Iii Us s, K, ts,5f5, ~.
In the Unfortunate contest between
Great Britain and the Boer states OF
South Africa, the United States has
maintained an attitude OF neutrality In
accordance with Its well known trndi-
tiOnal policy, 1t did not hesitate, how
ever. when requested by the govern
ments OF the South African republics,
to exercise its good offices for n cessu-
ton OF hostil!ties., It 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 de-
cl!nrd' to accept the Intervention OF any
power.
Ntntty-oEe per cent OF our exports
and imports are. now carried by foreign
ships. For ocean transportation we
pay annually to foreign ship-pwuers
over sl65, 900, 900. we ought to own the
ships for rur carrying trade with the
world. and we ought to build them In
American safeguards and man them
with AHesi an sailors. Our ow,:: cttf-
zen. should receive the transportation
charges now paid &c foreigners. have
called the attention OF Congress to this
subject In my: sevaral a--.'n W, --eoges.
In that of December 6, 1897, said:
Extend Our Foreign Commerce.
Most desirable from ever. stand.
point. of national interest and patriot
ism Is. the effort to extend our foreign
commerce. To this end our merchant
marine should be improved and en-
iargcd. We should do our full share OF
the carrying trade OF the world. We
do not do it row, We should be the
laggard no longer.
In ry message OF December 5, 1899, I
said: 6 =
Our national development will be
one-slded. and unsatisfactory so long
as the remarkable growth OF our in
land Industries remains unaccompanicd
ny progress on the seas There Ii no
iaek OF constitutional authority for leg.
islati0n which shall give to the country
maritime. Strength. commensurate with
rs Industrial achievements and with
It's rank among the nations OF the earth.
The past year has recorded excep-
t.tnal activity, in our shlp-yards, and
the promises OF continual prosperity In
snip building are abundant. Advanced
legislation for the protection OF our
scamen has baen enacted. Our coast
trade under regulations wisely framed
ut the beginning of the government and
since; shows results for the past fiscal
year unequalled In our records or those
OF any other pn,:cr. We shall fail to
realize ottr opportunities. however, II
we .complacently regard only matters
at home and blind ourselves to the me-
cessity OF securing our share in the
valuable carrying trade OF the world"
Great Waterway Of Commerce.
l now rctsrate these views.
A subject Of immediate Importance to
our country Is the completion OF a great
waterway of commerce, between the
Atlantic and Pacific The construction
OF a, maritime canal is now more than
ever Indispensable TO that intimate and
ready communication between our
eastern and western seaports demand
ed by the annexation OF the Hawaiian
Islands and the expansion of our In
HueRee and trade In the Pacific.
Our nationn, pol'cymorc impcratively
than ever calls for its completion and
control by this government: and 1t Is
believed that the next session of Con-
gress, after receiving the full report OF
the commission appointed under the
act approved March 3, 1899. will make
provisions for the sure accomplishment
OF this great work.
Combinations OF capital which con-
iro! the market In commodities neccs-
sary to the general use Of thr 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 nre dangerous conspIrRcies
against the public good and should be
made the subject OF prohibitory or PEN
al legislation. Publicity will be n help
tul Influence TO check the evil. Uni
formi,y OF legislation in the several
i'''4t5 'H"afH DC SECURED. pisCFiHiHHa-
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 subject.
Honest cooperation OF capital IS nee
essaly to meet new business conditions
and extend our rapidly increasing for
ciSn trade but conspirncies and combi-
nations intended to restrict business.
create monopolies and control prices
should be effectively restrained.
Employment for Labor.
The best service which can be rem