The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1900-09-10
THE GOOD ACCOMPLISHED.
Brief Resume of Present Administers
tions Work for the Country.


tions Work for the Country.
The Republican party remains faith
ful to its principle of tariff which sup
ment and adequate protection to our
enterprises and producers; and OF re-
ciprocity which opens foreign market 10
the fruits of American labor and fur
niShes new channels through which TO
market the surplus of American farms
The time honored principles of protec-
tion and reciprocity were the nrst
pledges of Republican victory to be
The present congress has given to
Alaska a territorial government for
of a century; has established a repre-
sentative government in Hawaii; has
enacted bills for the most liberal treat
ment q the pensioners and their widows;
has revived the free homestead policy.
In it's great financial law, 1t provided Tor
the establishment of banks of issue with
a capital of $3.50 for the benefit OF VII
lagos and rural communities ana
business in banking within the reach of
moderate capital. Many are already
availing themselves of this privilege
PAYMENT OF BONDS.
During the past year more than nine
teen millions of United States bonds
have been paid from the surplus reve-
nues Of the treasury and in addition
25, ,000, 900 of two per cents matured, call
payment. Pacific railroad bonds issued
by the government in aid OF the roads
in the sum of nearly forty-four million
dollars have been paid since December
81, 1897. The treasury balance is in sat-
isfactory condition, showing on Septem-
ber 1, $135, ,419, 900, in addition to the
$150, ,000, 600 gold reserve held In the treas
ury The governments relations with
the Pacific railways have been substan-
TALLY closed, $124, ,421, 900 being received
from these roads, the greater part IN
cash and the remainder with ample
securities for pa payments me GI7I dererreo- 8 c9Gv
Instead of diminishing, as was pre-
dicted four years ago, the volume or our
currency In greater per capita than II
has ever been. 1t was s2l-l0 In 1885. II
and $2685 on September !, 1900: Our
total money on July 1, 1896, was $1,696,-
434 966; on July I, 1900. it was $2.O62, 49,
1876; and $2.096, ,6S3,042 on September l.
DECLARES PROSPERITY ABOUNDS
Our industrial and agricultural con-
ditions are more promising than they
have been for many years; probably
more so than they have ever been. Pros
perity abounds everywhere throughout
the republic. rejoice that the southern
as well as the northern states are en-
joying a full share of these improved
national conditions and that all are con-
tributing so largely to our remarkable
industrial development. The money
lender receives lower rates for his cap
itaI than if it were invested in active
business. The rates of interest are low
er than they have ever been in this coun-
try while these things which are pro-
duced on the farm and in the workshop
and the labor producing them, nave ao-
Vanced in value.
FOREIGN TRADE SATISFACTORY.
Our foreign trade shows a satisfactory
and increasing growth. The amount or
our exports for the year 1900 over those
1899 was about half a million dollars for
every day of the year and these sums
have gone into the homes and enter
prises of the people. There has been an
increase of over $50, 900, 900 in the exports
of agricultural products, 1872, ,692, 220 in
manufactures and in the products OF
the mines over $10,000,000. Our trade
balances can not fail to give satisfac-
1898 we sold abroad $6r5, ,4Sz.676 of pro-
,511cts more than we bought abroad; In
1899 S529, ,S74, ,813, and in 1900, 4,471, ,701,
making during the three years to6ai @
nearly five times the balance of trade IN
our favor for the whole period OF 1OS
Years from 1880 to June 80. 1897, in
elusive.
IFour hundred and thirty-six million
dollars of gold have been added to the
gold stock of the United States since
Julv 1. 1885, The law of March IA, 1SOO,
authorized the refunding into per cent
bonds of that part Of the public debt
represented by the per cents due IN
1868. the four per cents due In 1907, ano
the five per cents due IN 1So4, agsEssz
of the sum of these bonds was REFUNDED
in the first three months arter the pas
sage of the act and on September l. the
sum had been increased more tnan $SSs-
0Clo 600. making in all $3.50, SIS, ,050, result
ing in a net saving of over $S.379, ,620.
RECEIPTS EXCEED EXPENDI-
TURES.
The ordinary receipts of the govern
rnent for the fiscal year 900 were $79,527,-
O5O in excess of its expenditures.
while our receipts both from customs
and internal revenue have been greatly
Increased our expenditures have been
decreasing. Civil and miscellaneous ex-
penses for the fiscal year ending June ~
19OO were nearly $14,OO6,OOO less tnan Il
1899 while on the war account there Is q
decrease of more than $95,OOO,OOO Tnere
were required $4,000, 900 less to support
the navy this year than last, and ex-
penditures on account OF Indians Were
nearly two and three-quarters- million
dollars less than 1899 The only two items
of increase in the public expenses OF
1900 over 1899, are for pensions and IN
terest on the public debt For 1899, we
expended for pensions $1S9. 394,929 and fol
the fiscal year 1900, our payments or
this account amounted to $40, 81, ,316 The
net increase of interest on the PUBIC
debt of 1900 over 1899 required by the
war loan was $263, ,40S25. While congres:
authorized the government to make 9
war loan of S4O0, 900 at the beginning
of the war with Spain only 5000 ,OO'
of bonds were issued, bearing 3 per CEN
interest, which were promptly and pat
riotically taken by our citizens.
Unless something unforeseen occurs Il
reduce our revenues or increase our ex
penditures. the congress at its next ses-
sion should reduce taxation very mater.
tally.
LOW BOND INTEREST.
Five years ago we were selling govern
ment bonds bearing as high as pei
cent interest Now we are redeemins
them with a bond at par bearing pei
cent interest We are selling our sur.
plus products and lending our surplu:
money to Europe. One result of our sell.
ing to other nations so much more thar
we have ha41eht from them during the