Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1900-12-08

ing all possible BrOunu Ot tuture mis-
ton OF its third article. 1 directed IN,
negotiation OF d supplementary. treaty
which will be forthwith laid before tn,
senate, whereby Spain Quilts all title and
any and all islands belonging to the Phil
lines ascribed in said third article. and
agrees that all such islands shall be com
peiago as fully as n they had been ex'
pressly included within those lines. II
consideration OF this cesslon the United
States Is to pay to Spain the sum Of
100000.
Our Claims Against Turkey.
Our claims upon the government Of tn,
by American citizens In Armenia and else
where give promise OF carly and satlsfac
tory settlement. His matesty's good dispo'
sltion In this regard has been evidenced by
the issuance Of an Trade for rebuilding the
American college at Harpoot.
Would Extend Reciprocity.
He urges the approval OF the CONNER
this government and other powers as
soon as possible that the agricultural and
other industries OF the country may profit
thereby. Continuing on this subject he
says:
The policy OF reciprocity SO manifestly
rests upon the principles OF international
equity and has been SO repeatedly APP
proved by the people Of the United States
either branch OF the congress in giving
to II full effect.
Exposition ut Buffalo.
The exposition OF the resources and
products OF the western hemisphere to be
held at buffalo next year promises impor-
tant results not only for the United states
but for the other participating countries.
II Is gratifying that the
and the fact that an international Amerl.
can congress will be held In the City OF
Mexico while the exposition Is In progress
encourages the hope OF larger display a.
Buffalo than might otherwise be practic.
able The work OF preparing an exhibit OF
our national resources Is making satisfac-
tory progress under the direction OF diff
ferent officials OF the federal government.
and the various states OF the union have
shown a disposition toward the most lib
eral participation In the enterprise.
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 Gage. He shows
the surplus for the year to be 1887, 06O.l Is.
and estimates the surplus OF the coming year
attSo. 00o.0oo Essays the present condition
The available cash balance November 30
was siS9 sea, 1880. Under the form OF
statement prior to the financial law of
March II last this would have been In
cluded In the statement Of available cash
ton OF United States notes.
Further Financial Legislation.
He recommends further financial legis-
lation In the following words:
II will be the duty as ! am sure II VIII
be the disposition OF the congress TO pro-
vide whatever further legislation Is need
ed TO insure the continued parity under
metallic money, silver and gold.
Our surplus revenues have permitted the
secretary OF the treasury since the close
Of the fiscal year to call In the funded loan
sum OF SIS, 36i.500 To and including. Mo-
vember 30, sc. 45S, 100 OF these bonds have
been paid. This sum. together with the
amount which may accrue. from further
piled TO the sinking fund:
The law OF March II, 1900. provided for
refunding into two per cent. 3O-year BONDS;
payable. principal and interest, In gold
coin OF the present standard value. that
portion OF the public debt represented By
the three-per-cent bonds OF 1908. the four
per-cents OF 1901 and the five-per-cents
OF 1900. Of which there was outstand-
go. The holders Of the old bonds presented
them for exchange March II and Novem-
Der 30 TO the amount OF sSSi. sl3. $50. The
net saving TO the government on these
transactions aggregates $9.lo6.166.
Ranking Facilities Extended.
The beneficial effect Of the financial act
OF 1900. so far as II relates to the modih-
ready apparent. The provision for the
incorporation OF national banks with
capital OF not less than $4,000 in places
not exceeding 5000 inhabitants has result
nj ho
TO many small communities hitherto UNI
able to provide themselves with banking
Institutions under the national system.
There we're organized from the enact
nent OF the law up to and including
November 30, 369 national banks. OF which
1856 were with capital less than $4,000 and
1903 with capital OF $4,000 or more.
II is worthy Of mention that the greater
the new law are in sections where the
need OF banking facilities has been most
pronounced. Iowa stands first, with %
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
LOT aas Fss me ee s TSsy e Si ss
are greater than they have ever been
before. the total for the fiscal year 1880
being So. is3cs2. an increase over 1893
q over s 81 ~ qcsssss CSsr and Sss 81 greater s
than 1896 by s5ll.Si6,ii4.
The growth OF manufactures In the
United States Is evidenced by the fact
that exports Of manuiaetured products
their value for 1900 being siSS, ,'56:
against s3ss.5s2.l In 1888, an Increase OF
IS per cent.
ID during 1900 In greater volume than In
1899, the total for the year being $50, S5S.-
20. against s7s.7I6,li2 In 1899.
The imports for the year amounted TO
$50 8! 81 lss an increase oyer s 1899 OF slI2;
-lals for manufacture. and Is In response
10 the rapid development OF manufactur-
ng in the United States.
The Internal Revenue Tax.
I recommend that the congress at Its
resent session reduce the internal rev.
niue taxes imposed TO meet the expenses
4 the war with Spain In the sum OF $3o.-
d, 900. This reduction should be secured
~ the remission OF those taxes which ex-
,erlence has shown 10 be the most bur-
lensome 10 the industries OF the people.
whatever reduction is made the legacy tax.
,eouests for public uses OF literary, edu-
,atIonal or charitable character.
Recommends Ship Subsidy.
American vessels during the past three
ears have carried about nine per cent.
4 our exports and imports. Foreign ships
hould curry the least, not the greatest,
part OF American trade. The remarkable
,rowth of our steel Industries. the prog
ess OF shipbuilding for the domestic trade
md our steadily maintained expenditures
or the navy have created an opportunl-
v to place the United States In the first
ank OF commercial maritime powers.
The Trust Question.
The trust question receives the atten-
ion OF the president. and he says:
''It Is apparent that uniformity OF legis-
alton upon this subject In the several
tates Is much TO be desired. II Is TO be
loped that such uniformity. founded In a
ylse and Just discrimination between what
) Injurious and what is useful and neces-
airy In business operations. may be OBJ
aimed, and that means may be found for
he congress, within the limitations OF Its
power, so TO supplement an
receive code of state legislation as TO
make 4 complete system OF laws through
ut the United States adequate to compel
general observance OF the salutafy rules |
o which have referred"
The phiIlpninea