Akron daily Democrat. [volume] (Akron, Ohio) 1892-1902, 1900-12-03

exceeding 3,OOO fnhabltantR, mas Resulted
In the extension OF banking facilities to
many small communities hitherto unable
to provide themselves with banking insh-
tutiops under the national system. There
were organised from the enactment Of the
law up to and Including Nov. 30. $50 na-
tional banks,of which 266 were with capital
less than 500, 900, and 1903 with capital Of
$50,o00 or more.
1t Is worthy Of mention that the greater
number OF banks being organized under
tho new law are In sections where the
need Of banking facilities has been most
pronounced Texas, Oklahoma, Indian Ter
ritory and western sections Of the country
have avalled themselves largely of the piiv-
ileges under the new law.
The increase in circulating notes from
March IL to Nov. 80 is s77.Q20,57o.
The party In power is committed to such
legislation as will better make the cur
rency responsive to the varying needs of
business at all seasons and In all sections
Foreign Trade.
Our foreign trade shows q remarkable
record of commercial and Industrial pro-
gress. The total Of imports and exports
for the nrst time In the history Of the
country exceeded $4,000, 100000. The ex-
ports are greater than they have ever been
before, the total for the fiscal year 1900
being 81, 1894, ,4s3, 0s2, all increase over 1909
of S1e7, ,45g, $780, an increase over 1893 Of
$163, 900, 1852, over 1897 of s343, ,403, ,526, and
greater than 1896 by S511 1,S76,144.
The growth Of manufactures In the Unit
ed States is evidenced by the fact that ex-
ports of manufactured products largely ex-
ceed those of any previous year, their value
for 1900 being S433, ,s51 ,756, against $780,
592, ,146 In 1899, an Increase OF 2S per cent
Agricultural producto were also exported
A., in ora or volume flnn In 1912
the total for the year being $685., 1853, 1923,
against s7s4,778,1s2 in 1890.
The imports for the year amounted to
sslo,e41, ,1S4, an increase over 1890 of $751;
7a2,895. This increase is largely In ma
terisl for San Francisco, and Is response
to the rapid development Of man ufactur-
Ing In the United States. While there was
Imported for use In the manufactures for
1900 material to the value Of S79,78S,972
In excess of 1900 1t is reassuring to OBJ
serve that there Is a tendency toward de-
crease in the Importation Of articles manu-
factured ready for consumption, which In
1900 formed 1871 per cent Of the total i'm
ports, against 1854 in 1900, nnd 21.09 In
1885,
Reduce War Revenue.
I recommend that the congress at It's
present session reduce the Internal rev.
enue taxes imposed to meet the expenses
of the war with Spain in the sum of $780,
100000. This reduction should be secured
n..,nno. has shnur 60 ho ~ 49, -
donson,o +o tho ,ndustr,o, ~ tho n.onia
snoc,o,,v urgo tbot tboro ho ino,rdod IL,
,,hato1or rodnct,on 10 ,,oda tha ,anoau
honnosts ,or nmhIIc nsas ~ n ,,,orsrr -
cational or charitable character.
Merchant Marine.
ha
years have carried about per cent Of our
exports and imports Foreign ships should
carry the least, not the greatest, part of
American trade. The remarkable growth
Of our steel Industries. the progress Of
hhipbuliding for the domestic trade. and
our steadily maintained expenditures for
the navy have created an opportunity to
place the United States In the first rank
Of commercial maritime powers.
/ am satisfied the judgment Of the coun-
try favors the policy of aid to our mer-
chant marine, which will broaden our COM
merce and markets and up-build our sea-
carrying capacity for the products OF agri-
culture and manufacture, which, with the
Increase Of our navy, mean more work and
wages to our countrymen, as well as safe-
guard to American interests In every part
OF the world.
Tho Trusts.
In nv last annual message to the con-
gress / called attention to the necessity
for early action to remedy such evils as
might be found to exist in connection with
combinations of capital organized into
trusts, and again invite attention to my
discussion of the subject at that time.
The whole question is so important and
far-reachlng that | am sure no part of It
will be lightly considered. but every phase
Of 1t will have the studied deliberation
Of the congress, resulting in wise and Judi
cious action.
Restraint upon such combin atlons as arc
Injurious and which nre within federal
Jurisdiction should be promptly applied by
the congress.
-
i"e e'"ii'ppi"e''
In my last annual message dwelt NJ
some length upon tho condition OF ansirs
IN the fhilipp'nos' While sesnns 10 in'
pross upon you thst tho grave Responsible
ity OF the futuro government OF those is.
lands rests with the congress OK the united
States, l nbsthlned from recommending at
that time specific ana nnnl form OF gov
ernmene Tor tho territory actually held by
the United States forces, aad III wpich es
long IA lnBurroe,.on continued tho MILL
tary arm must necessarily be supreme. |
stated my purpose until the congress shall
have made known the formal expression
OF Its will. tu use the authority vested In
me by the constitution and the statutes
to uphold the sovereignty of the United
States In these distant islands as In all
other places whore our dag rightfully
floats, placing, to that end, at the disposal
OF the army and navy all the means which
| the lberality of congress and the people
! have provided. No contrary expression OF