The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1900-09-14

n to $40. ST.. Nh The net increase
OF interest on the public debt OF 1900 over
1893. required by the war loan, was S2tS.-
an. -. While congress authorized ,ne knN-
m TO make a war loan OF s4"vp,-
spain only ssso.ca.o@ Of bonds Mere is
sued. bearing three per cent intereS,.
which were promptl, and patrioteaiHy
taken By our citizens.
Unless something unforeseen occurs TO
reduce our revenues or increase our eN-
penditures. the congress AZ is next s.s-
sion should reduce taxation very mate
rally.
Five years ago we were selling govern
ment bonds bearin: as hi:h as nve per
cent. interest. Now we are redeemlng
thin with A bond at par bearing two per
cent. interest. We are selling our sur
plus products and lending our surplus
money 10 Europe. One result OF our sell
Ing 10 other nations so much more than
we have bought from them during the
past three years Is a radical Improve.
ment OF our financial relations. Eht great
amount OF capital which has been Dor
roNed OF Europe for our rapid, mate
rial development have remained a con
slant drain upon our resources Tor inter
est and dividend and made our money
markets liable to constant disturbances
by calls for payment or heavy faies OF
our securities whenever money stringen-
cies or panic occurred abroad. We nave
now been paying these debts and prins-
ing home many OF our securities ana s.,
tablishing countervailins credits abroad
by our loans and placing ourselves upon
a sure foundation OF financial indepeno-
ence.
Regarding the Boer War.
In the unfortunate contest between
Great Britain and the boer states OF
tanned an attitude Of neutrality IN ac-
cordance with it's ~well-known traditional
policy. It did not hesitate, however;
tho South African republics. TO exercise
its good offices for a cessation OF hostil-
tiles II is 10 be observed that while the
-..tA t,a xantthlfaa yna1v Iika re-
quest OF other powers, the United states
was the only one which complied. The
British government declined 10 accept
the Intervention of any power.
Ninetv-one per cent. OF our exports and
imports are now carried by foreign SHIPS.
For ocean transportation We pay annual
~ to foreign ship owners over Sl6o. 0O0 ooO.
We ought To own the ships for our car
rying trade with the world. and we ought
TO build them In American ship yards ana
man them with American sailors. our
own citizens should receive the transpor-
tation charges now paid 10 foreigners.
The Canal Question.
A subject Of immediate Importance TO
our country Is the completion of a great
waterway OF between the At
lantic and acihc. The construction OF a
maritime canal is now more than ever
indispensable to that intimate and ready
communication between our eastern and
western seaports demanded by the annex
alton Of the Hawaiian islands and the
expansion of our influence and trade in
the fICl4t.
our national policy more imperatively
than ever calls for its completion and
control by this government; and II Is
believed that the next session OF congress.
after receiving the full report Of the COM
mission appointed under the act approved
March 3. 1899. will make provision for the
sure accomplishment OF this great work.
Capital and Labor.
Combinations of capital which control
the market I'm commodities necessary TO
the general use OF the people. by sup
pressing natural and ordinary COMPETE
ton, thus enhancing prices TO the gen.
eral consumer. are obnoxious 10 the COM
mon law and the public welfare. They
are dangerous cOnSpiracieS against the
public good and should be made the sub
Jet OF prohibitory or penal legislation.
Publicity will be "A helpful influence to
check this evil. Uniformity Of legislation
in the several states should be secured.
Discrimination bet what Is injurious
and what Is useful and necessary in bust
ness operations Is essential TO the wise
and effective trea tment OF this subject.
Honest cooperation OF capital is necessary
to meet new business conditions and ex-
tend our rapidly increasing foreign trade.
but consciracies and combinations in
tended 10 restrict business, create mo-
noDolies and control prices should be
effectively restrained.
The best service which can be rendered
10 labor Is TO afford II an opportunity for
| steady and remunerative employ ment. aud
give IL every encouragement for advance
ment The policy which subserves this end
10 the true American policy. The past
three years have been more satisfactory 10
American working men than many preced-
ing years. Any change Of The present in
ment would be disastrous TO their highest
interests. With prosperity at home and
an increasing foreign market. FOR Amer
lean products. employment should con-
tinue To wait upon labor. and with the
present gold standard the buckingham is
secured against payments for bis labor In
day is better than a short dollar. one will
tighten the burdens. the other lessen the
rewards OF toll. The one Will promote con-
tentment and indie pendence. the other pen
ury and want. The wages Of labor should
be adequate TO keep the home in comfort.
educate the children and. with thrift and
economy. lay something up for the days
Of infirmity and old age.
Practical civil service reform has al
ways had the support ana encouragement
~ the republican party The future Of the
merit system is safe in is hands.
The merit system. as far as practicable.
Is made the basis Off appotntmt- ats 10 office
In our new territory.
The Army and Navy.
The American people are profoundly
grateful to the soldiers. sailors and ma
rines who have In every time OF conflict
fought their country's battles and defended
its honor. The survivors and the Wild
ows and orphans Of those who have fallen
are Justly entitled 10 receive the generous
and considerate care OF the nation
Referring L. what has been accomplished
In cuba. the president says a long step
has been taken in the fulnllment 81 the
sacred guarantees 10 the people OF IN. is
land.
Notwithstanding the many embarrass-
mcntS Incident To a change OF national con-
Gitions. Porto Rico Is rapidly showing The
good effects ~ her new relations TO This
nation
The Philippine Questton
The power Of the government has been
used for the liberty. the peace and the
prosperity % the Philippine people. aud
FORCE has hfcn employed only against fore.
which stood ~ the way 81 the realization
~ these ends
After ~rccitlng the events Of importance
leading az 20 the present situation 10
show what has been done and Is being
uunp % bring the benefits OF liberty and
good government 10 these wards OF the
nation. the letter continues.
Every Effort has been directed TO their
peace and prosperity, their advancement
and wcll-beine. not for our aggrandize-
msnf nor FOR pride OF might. not for trade
or commerce. not for exploitation. but for
humanity and civilization. and for the
protection OF the vast majority OF the
population who welcome our SOVEREIGNTY
against the designing minority whose FIRST
demand after the surrender OF Manila by
the spanish army was to enter the city
that they might loot II and destroy those
rot IN sympathy with their selfish and
~treacher0us designs.
AAl4fl $40 .AA -. 1884, -A-.