The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1900-12-08

hat there ought to be no hesitation In
either branch Of the congress In giving
Our Financial Showing.
The president points with much pride
to the showing made by the treasury de-
partment and quotes exhaustively from
the report Of Secretary Cage. He shows
the surplus for the year to be SO. SCI .o60. Is.
and estimates the surplus Of the coming year
a1So.0O0.00 Hesays thepresent condition
The available cash balance November 30
was S13s. 303. 794. 50. Under the form Of
statement prior to the financial law Of
March "A last this would have been in
cluded 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 lesis-
lation In the following words:
1t Will be the duty as ! am sure II will
be the disposition of the congress to pro-
vide whatever further legislation is need
ed to insure the continued parity under
all conditions between our two forms Of
metallic money. silver and gold.
Our surplus reyenues have permitted the
secretary Of the treasury since the close
OF the fiscal year to call in the funded loan
Of 1891 continued at two per cent, in the
sum OF IS. 364, 500. To and including No
yember %, 81, ass. 100 Of these bonds have
cSS paul. 1hlS SUM-, tOSGtn6T Will the
amount which may accrue from further
redemptiens under the call. will be ap-
piled to the sinking fund.
Ine law OF March IA, 1900, provided for
r%efunding into two per cent 30-year bonds,
payable, principal and interest, In gold
coin OF the present standard value, that
ftS HeIf h]ree OF ene pabl1 Sod dest 81 fe 1s5s, tbs fan by
per-Gents of 1907 and the fve-per-cents
OF 1900. of which there was outstand-
$50. The t holde ea'e Of the o oaiq bon law presented ssss TED
them Tor exchange March IA and Novem-
per % to the amount of 1864, s43. $50. The
ne. saying to the government on these
TRANSACTIONS aggregates S9.lO6, l66.
Banking Facilities Extended.
The beneficial effect of the financial act
OF 1900. SO far as it relates to the modifi-
cation OF the national banking act, is al
ready apparent The provision for the
capital Of not less than $2o, 1000 in places
not exceeding 5000 inhabitants has result
ed In the extension of banking facilities
to many small communities hitherto un-
able to provide themselves with banking
institutions under the national system.
There were organized from the enact
November 80, 1853 national banks, of which
266 were with capital less than $4,000 n
log with capital of $4,000 or more.
1t is worthy Of mention that the greater
number OF banks being organized under
the new law are in sections where the
need Of banking facilities has been most
iS"o otoii1s bASts va W
banks of the smaller class, while Texas,
Oklahoma, Indian territory and the mid
die and western sections of the country
have also awaited themselves largely Of
the privileges under the new law.
Our Foreign Trade.
Our foreign trade shows a remarkable
record of commercial and industrial prog
ress.. The total of imports and exports
country exceeds 81. Co.. 600. 600. The exports
are greater than they have ever been
before. the total for the fiscal year 1850
of $l61, ASS. $50, an increase over 1888 Of $685.
0c0. 752, over 1887 Of sS43, iSs. 526. and greater
than %bs lsSs or By sSl1, ST; Ia; u,s, :, N.
United States is evidenced by the fact
that exports of manufactured products
t ,frfely x s1Gsed f those 1870 % a bslh REev s ! .ss Se IS.
against $685.. So. 146 in 1899, an increase Of
rs per cent.
Agricultural products were also export
ed during 1850 in greater volume than in
123. against s7S4, 49, 42 in 1899.
The Imports for the year amounted 1TnSo to
| 7S2, eos. This increase Is largely in mate
| rails for manufacture, and is in response
to the ie RAPID tbs G deHes9p staaes OF W Whiie there
was imported for use in manufacture in
1900 material to the value of SIS, 76S,S f2 In
excess of 1899, it is reassuring to observe
that there is a tendency toward decrease
in the importation Of articles manufac-
tured ready for consumption, which in
1900 formed 1517 per cent. Of the total
import. against 1851 per cent. in 1889 and
21.09 per cent. in 1896.
Tho Internal Revenue Tax.
1 recommend that the congress at its
present session reduce the internal rev.
| of the war with Spain in the sum Of $780,
0OO, 600. This reduction should be secured
by the remission of those taxes which ex-
Sdensome 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 a literary, edu-
cational or charitable character.
Recommends Ship Subsidy.
American vessels during the past three
| years a carried about nine per cent.
Of our exports and imports. Foreign ships
should carry the least. not the greatest.
growth of our steel industries, the prog
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.
Besides realizing a proper national as
and healthy growth along. all our coasts
of a distinctive national industry. expand
ing the field for profitable employment
transportation facilities and reduce freight
charges on the vast volume of products
brought from the interior to the seaboard
IOT eApOTl, anu III SlTtHStnen 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:
ut is apparent that uniformity of legis-
lation upon this subject in the several
states is much to be desired. 1t is to be
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
the congress, within the limitations of its
constitutional power. SO to supplement an
effective code of state legislation as to
make q complete system of laws through
out the United States adequate to conpe,
q general observance of the ~salutary rules
to which / have referred.
The whole question Is so important and
far-reaching that l am sure no part Of II
will be lightly considered, but every phase
Of 1t 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 sub |
tect 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-
tons in the islands the president says:
In my last annual message / dwell at
emma LENGTH fInnn tho nnndfffnn nf Of i