The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1900-12-04

great and civilized country Ike -sha
United States Courts. not mobe.. must
execute the penalties of the law. The
cussion, the integrity of she courts and
the orderly administration of justice must
continue <oreTer the rock of safety upon
This most urgently reiterate and again
invite the attention o. my countryrnen to
this reproach upon our civilization.
The Hague Convention.
1t is with satisfaction that I am able
to- announce the formal notification az
raticatiCns nf on Of ts on ae ae2os ,S o.
pacific settlement of the international
dispute by sixteen powers. namely. the
United States, Austria, Belgium, Dem
Persia, Portugal Roumania, Russia,
Spain, Sweden and Norway. and The
The administrative council of the per
manent court of arbitration has been or
ganized, and has adopted resolutions or
order and a constitution for the interna-
ional arbitration bureau. Il was article
XIII of the convention providing for the
appointment by such signa.ory power of
persons Of known sconpetency in ques-
tions OF International law as sarbitrators
I have appointed as members of this
court Hon. Benjamin Harrison of In
SSitsnapolis, ex7lprsssidsnt P Of the United
Justice of the Snited States: Hon. John
w. Grfggs and Eon. George Gray OF
Delaware, a Judge of the circuit court OF
the United States. - -
-Nicaraguan Canal.
The all=inportant matter of an inter
Adhering to It's refusal to open the cues
ton OF the forfeiture of the contract OF
the Maritime Canal company which was
Terminated for alleged non-construction
In October, 1899, the government of Near
aqua has since supplemented that action
BY declaring the so-calIed so-styled Eyre
Cragin option void for non-payment of
the stipulated advance. Protests in re-
lation to these acts have been ,nled in
the state department. and are under con-
sideratjon. Deeming itself relieved from
government shows a disposition to deal
freely with the canal question either in
the way of negotiations with the United
states or by taking measures to promote
Overtures for a convention to eject the
building of a canal under the auspices of
tion. In the meantime the views of con-
gress upon the general subject in the re-
port OF the committee appointed to ex-
anime the comparative merits of the vari-
GUS trans-isthmian canal projects may be
awaited
commend to the early attention of the
to facilitate the construction of such a
canal ana to remove any objection which
might arise out of the convention COM
monty called the Clayton-Bulwer treaty.
Finances.
1t is gratifying to be able to state that
the surplus revenues for the fiscal year
For the six preceding years we had only
deficits, the aggregate of which from
1884 to 1893 inclusive amounted to $685.
O2z,991.l The receipts for the year from
all sOorces exclusive Of postal revenues
aggregated 1851, ,240, SO and expenditures
for all purposes except for the adminis-
gated s4S7, 7is.7s1.T. It is EratifyinS aso
to note that during the year a censidera-
BILE reduction is shown in the expendi-
lures of the government.
The war department expenditures for
the fiscal year 1900 were s1S4.774. 1918 a
reduction of ;s5.066. 1853 over those OF
1899.
In the navy department the expendi-
lures were s55, ,953 077.72 for the year 1900
as against $63, ,942.1O425 for the preceding
year, decrease of 81, ,9S9, ,02s. S..
In the expenditures on account of In
dams there was decrease in 1900 over
cellaneoIs expenditures for 1900 there was
q reduction of s1S. AIS. .O65.74-
The secretary of the treasury estim ates
that the receipts for the current fiscal
year Mn aggregate 6S tie $50 oOo eco and the
ance of S0,0OO.0OG The present condition
OF the treasury is one of undoubted
strength.
the disposition of congress to provide
whatever is needed to insure the continu-
ance OF the parity under all conditions
between our two forms of metallic
Cur surplus revenues have permitted
the secretary of the treasury since the
close Of the fiscal year to GALL in the
cent in the sum of s25. .364. .55O To and
including Nov. so, $223. .45S 100 Of these
bonds have been paid: this sum, together
further redemptions under the call, will
be applied to banking fund.
The law of March IA 1900, provides for
refunding into 2-per-cent S0-year bonds.
The holders of the old bonds presented
them for exchange between March IA and
Nov. 80 to the amount of $36i. .943. .750 The
transaction aggregates So. .106. 166.
The beneficial effect of the financial act
Of 1890 so far as 1t relates to the modt-
fcation of the national banking act is al
increased operation of national banks
with capital of not less than $4,000 In
places not exceeding 5000. ;nha bitants has
resulted tin the extensions of banking ia
cilities.
The increase in circulating notes from
March II to Nov. 80, is 81, ,089570.
Our foreign trade shows a remarkable
record of commercial and Industrial
progress. The total of imports and ex-
ports for the first time in the history of
the country exceed ST. 0c0 000, 900. The ex-
ports are greater than they have ever
been before. the total for the fiscal year
1900 being 81. .S94. .4SS. .0S2 an increase over
recommend that congress at its pres
ent session reduce the internal revenue
taxes imposed to meet the expenses of
the war with Spain IN the sum Of $50 900, :
900. This reduction should be secured by
the remission OF those taxes which expe-
rience has shown to be the most burden
some to the industries of the people.
I especially urge that there be included
in whatever reduction is made the legacy
tax. beQuests for public uses of a literary,
educational or charitable character.
Merchant Marine.
The remarkable growth OF our steel in
dustriess the progress of shipbuiiding for
the domestic trade, and our steadily
maintained expenditures for the navy
have created an opportunity to place the
cial maritime powers. at fe
In again urging Immediate action by
the congress on measures to promote
American shipping and foreign trade I
on the subject in previous messages and
particularly to the opinion expressed in
the message of 1899. am satisfied the
Judgment OF the country favors the policy
OF aid to our merchant marine
The attention of congress is invited to
the recommendation of the secretary of
the treasury in his annual report for
legislation in behalf of the revenue cut
ter service. and favorable action Is urged.
Tho Trusts.
In my last annual message TO congress
called attention to the necessity for
might be found to exist in connection
with combinations of capital organized
into trusts, and again invite attention
time. which concluded with these words:
''Tt As apparent that Uniformity of. legis-
lation upon this subject in the several
states Is much to be desired. II Is to be
hoped that such uniformity. founded in
a wise and inst discrimination hefwee1