The Clarksburg telegram. [volume] (Clarksburg, W. Va.) 1874-1926, 1900-12-07

"a T.. = sA.ar
~ 81 re nscai year viii aggregate .uS9s.
10000 ana the expenditures $ovstvs,..
iasvlns N excAss Of sevenuea over expena'
If,,res 81 $50, OO0, 900 The ecndltscn q ~
treasury Il one Of undcubted strengsl ~,
Il VIII b. the duty, 20 an sure u WI
NJ the disposltIon u cchgreGs 10 prov'us
whateyer further lsgislAtion u needed 70
insure tie contlnued parity under AZ Gn-
ditions betwsen our two FORMS ot aOesaAAs
MONEY, sllvcr and gold. ,f...
Our vurplus revenues have perm l -, -
SECRETARY OF Ihe treasury Shes .n1 49,
n 81 ascal year to cali IN the funded
~. q lsei centinucd Al 2 peg osnt, =
-. sumS Of $26. neA, 800. To and tncinalne
Nav %. SIS. 16s, 100 Of these boads Asse
hreu raid. This sum. together with snc
amouat which may accrue from 1utsnsi
r,edatuptions under the call, Wall pe -
billed to the sinking fund. -.
Theslaw Of March IA, 1900, provides lot
r.enndnr luto 2 percent 30 year Oonda.
navablc, principal and interest, IN Gold
cnin Of the present standard value. tnae
portion Of the public debt rcpreeenssu ~
the 8 per cent bonds OF l0oe the ~ M
cents OF 1907. and tire . per cents OF W. ~
OF which thcre was outstAnaImk 49,.
~ Inc old bonds presented them for e1-
ch,nee between March II and Nov. W %
the amount Of $a6i.p4s,1So the nes ~
inc 10 the government ON these transAo'
lions aggregates $S.lOHloo I.,.A
Another eject Of the operation, NJ etA'ea
by the secretary. 10 to reduce the cnasse
,,pon the treasury for the payment o. ln'e.-
N erom Tho. dates Of refundinE 70 req, =,
ip0A by the sum OF more than $s,vv,NV
annually From Feb J, 1904. 70 5uy
1907 the annual Interest charge WlA " ~ ~
duced by the sum 81 more than so'vv'Vs'
ma for the 1S months ending Au9, =
500 nv ahou, 81. OoOOoo The fnll detail.
~ ,he refunaine are given in the annual
rrport Of tn. secretary OF the tresAsss
NATIONAL BANKS
rh. beneficial effect Of the hnancsa ac'
N lDOO. 10 far a. II nlatea TO the mouln'
cation Of the national banking act
r,,ady anparcnt. The provision LOT the ~
CORPORATION OF national banks VIA up ~,
ri ~ mot less than $4,000, In places no!
.ssndiny 900 inhabitants, has resulted
a.. INA e,teuaIOu OF banking facilities 70
.,an, smaIl communities hitherto unaple
- ,,rovlde themselves with banking lnslt'
tutious under the national system n ..e
80 orv.nix..i from tho enactment OF tnV
raw nm 10 and including Nov. ~ oos ~
.Inr.i hanks. Of which 2GG were with caphAl
isas than $50. 900, and i0S with eapital OF
$50 900 or more.
II Il worthy Of mention that the RreA,e'
number OF banks being organized unue.
the new Law are In sections Where VI.
need Of banking facilities mas ossh t M"
pronounced. Texas, Oklahoma, indian Ter
.,tnry ana western sections of the country
sa,a aynilcd themselves largely of the PRIV
ilercs under the new law. 49,.
m. Increase in circulating notes iro'u
uarnh "A 10 Nov 30 Is ST.. 029.oIO.
Tho Marty in power Is committed to huch
,eyIslation Ms will better make the eut,
r,ncy responsive to the varying needs OF
hn.inss, NJ an seasons and In all sections
FOREIGN TRADE.
o,r foreign trade shows remarkable
,.,rd Of commcrcini and industrial pro
.y..ss Thc total OF Imports and exports
-, ma urAt ,Iue In The history OF tn
,,,,try cx,.eedcd S2.0OO,0oo,ooo The eN
,s,s ar, Greater Than they have ever been
hcforr tho total for the fiscal year NV NV
hetpp sl.s94. 4SJ,0S2. an lncrease over isv'
az SIUT, 4ag. $50. an Increase over do'' ~
slG3 900 TO-. over 1887 Of Sdt,' i'.'''-o' any
s,oa,or than 1870 by Sjll.sI",l91'
.rho ,,rowth Of manufactures In the Unit
"a St,Ics il eyIdenced by the fact thnt ~
pnrts If manufactured products largely e1
"a those or any previous year. their vain'
Tor 1900 being Si33Sol,i6S, against s7a''
5up i46 In lsafy. an increase St - per ccn'
A,..,culturpl products were also exported
,,,rin. 1noo In greater volume than IN lS9v
,h,. ,o,nl for the year bcng SS'D'sos'lSJ
against S7Si II6,i42 In 1873
The Imports for The year amounted
SSIoatllSt, su increase over ls'E' OF Si1-'
Sas ,y5 ThiS thcreasc Is largely In ma
,,,r,ai far san Francisco. and Is rcspons'
~ ia. fnpld development Of manutactnr
~ - ~ tl,ri stnits While ticrc wa,