The Pacific commercial advertiser., 1900-12-11
CONGRESS BEGINS
SHORT SESSION
Continued from Page II

The fulfillment of the promises or the
Sultan To make reparations for injuries
suffered by Americans in Armenia and
elsewhere in Turkey, is awaited.
Dwelling on commercial relations, 'iie
President says: The policy Of reel
procity so manifestly rests upon the
principles of international equity ana
has been so repeatedly aVoWed ny the
people of the United States, there ougnt
To be no hesitation in either branch ot
Congress in giving to it full effect. rms
Government desires to preserve the
most lust and amicable commercial re-
Iations with all foreign couitrieS, IN
moved by the Industrial rivalry neces-
sarily developed in the expansion of m
ternational trade. 1t is believed that
the foreign Governments generally en-
tertain the same purpose, although in
some instances there are clamorous de-
mands upon them for iegisleti speci1-
cally hostile to American interests.
Should those demands prevail l shall
communicate with the Congress with
the view of advising such Legislation as
may be necessary to meet the emer-
gency."
The exposition to be held at buffalo
is recommended.
The Bureau of the American Repub-
lies is complimented for it's work, and
the practical utility of the Consular SER
vice in obtaining a wide range of in
merce of other countries and the oppor-
tunities thereby afforded for introduc-
ing the sale of American goods, is
pointed out.
On the finances of the nation the mes
sage says that it is gratifying to b.
able to state surplus revenues for th'
fiscal year ending June, 19c0 We're $79
527. .060. The receipts of the year from
all sources exclusive of postal revenue
aggregated $567, ,240, ,S51.S9, and the ex
penditures for all purposes except fo
the Postal Department, were S4ST ,713,
731.1. The receipts from the Custom
were $233, 164, ,S11, an increase over tn
preceding year of $27936,359. n crafty
ing reduction in the expenditures of III
Government is noted. The War Depart
ment spent in 1900 $134774,767, n reduC
ton of $95066. 4S6 over 1899. In the Ma
wy Department the expenditures wei
for the year 1900. $50. .953, or, as again,
1858. .942. 104 for 1899. Because of the e,
cessive revenue over expenditures Il
Secretary of the Treasury was alb
to apply bonds and other securities
the sinking fund to the amount of $5t
544556 The present condition of Il
Treasury is one of undoubted strengt
The available cash balance on Mover
Der 30 was s139. .303, ,794.50. IL the ca
balance included the available ca
gold coin and bullion held for the T
demption of United States notes as
did prior to the financial law of la
March, the cash balance now would
$3.50 300. 1874 The President says mat
will be the duty of Congress to Prov
whatever further legislation is needl
to insure the continued parity under
conditions between our two forms
metallic money-silver and geld
The general actual financial con-
ton of the country Is gone into
length. and the large increase In ]
tional bank circulation, and the incres
~ foreign trade and of manufactures
pointed out.
The satisfactory progress toward
conclusion of a general treaty ~ friei
ahip and intercourse with SPAN
uwelt on. The President recommei