The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-09-11
OF
ACCEPTANCE
CONFINED from F.rst page.

been in this country, while those things
which are produced on the farm and in
the workshop and the labor producing
them, have advanced in value.
GROWTH IN FOREIGN TRADE.
"Our foreign trade shows a satisfac-
tory and increasing growth. The amount
Of our exports for the year 1900 over
those of the exceptionally prosperous
year Of 1899 was about half a million
dollars every day Of the year, and these
sums have gone into the homes and en-
terprises of the people. There has been
an increase of over $50,C0OOO0 in the ex-
ports of agricultural products, $92, 500, 220
in manufactures and in the products of
the mines over $4,000 600.
THE TRADE BALANCE.
"Our trade balances can not fail to
give satisfaction to the people of the
country. In 1898 we sold abroad S615. 1922
676 of products more than we bought
abroad; in 1899 .$529, SLASH and in 1900,
s544, All, 701, making during the three years
a total balance in our favor of $1699,-
77e l9O-nearly five times the balance Of
trade in our favor for the whole period
of 1OS years from 1880 to June so, 1897,
inclusive.
ADDITIONS TO GOLD STOCK.
-Four hundred and thirty-six million
dollars Of gold have been added to the
gold stock of the United States since
July l, 1896
A TRIUMPH IN REFUNDING.
1.-THE law of March "A, 1900. authorized
the refunding into per cent bonds of
that part Of the public debt Represented
by the 3 per cents due in 1908, the 4 per
cents due in 1907 and the per cents due
in 1904, aggrgating $S400o0,00O. More
than one-third of the sum Of these
bands was refunded if the first three
months after the passage of the act and
on September l, the sum had increased
more than So, 600, making in all $685.
SIS. $50. resulting in a net saving Of over
$S,379,5OO.
RECEIPTS AND EXPENDITURES.
1.-THE ordinary receipts of the govern
ment for the fiscal year 1900 were S79,-
$1,000 in excess OF its expenditures.
While our receipts both from customs
internal revenue have been greatly in
| creased, our expenditures have been de-
| creasing Civil and miscellaneous ex-
| penses for the fiscal year ending June 80
1900. were nearly 100000 less than in
! 1899, while on the war account there is
| a decrease of more than So, 100000 There
was required sS.C00,0OO less to support the
navy this year than last. and expendi-
| lures on account of Indians were $780,
| 900 less than in 1899.
ONLY TWO INCREASE ITEMS.
''The only two items of increase in the
| public expenses of 1900 over 1899 are fol
/ pensions. and interest on the public debt
| For 1899 we expended for pensions S1S9
! 500. 929 and for the fiscal year 1850 oul
| payments on this account amounted Il
! sl40.S7T316 The net increase of Interest
on the public debt Of 1890 over 1899, re
! CURED by the war loan, was $3.50, 4oS. IS
| While congress authorized the govern
ment to make a war loan Of 500 ,ooo %
at the beginning Of the war With Spain
only 5000 O00,000 Of bonds were issued
/ bearing 3 per cent interest. which were
/ promptly and periodically taken by ou'
/ citizens.
NOTHING HINDERs TAX REDUC-
TON.
Unless something unforeseen occurre,
to reduce our revenue or to Increase on
! o,-,e-, 7s-,,ras +ba congress- Al tts neN