The Oskaloosa herald., 1900-12-06

ress The total of imports and exports
Country cot aT exceeds Sc 500 oSoOa The exports
are greater than they have ever been
before, the total for the fiscal year 1870
being 81 394, 4S3,0S2, an increase over 1893
OF si67. Ass, $780, an Increase over 1858 Of $l6S,-
000752 over 1897 Of s3s3.iS9. EGG, and greater
than 1896 by s51lsss,i44
The growth of manufactures In the
United States IS evidenced by the fact
that exports OF manufactured products
largely exceed those Of any. previous year.
against s3S9, ,146 In 1899, an increase Of
rs per cent.
Agricultural products were also export
ed during 1900 in greater volume than IN
1899, the total for the year being 1855, $751;
1913 against $7S4,776,142 in 1899.
The imports for the year amounted to
Ss49, 81 1S4, an increase over 1893 OF $l52l-
792 SOS, This increase Is largely in mate
rails for manufacture, and is in response
to the rapid development OF manufactur-
ing in the United States While there
was imported for use in manufacture IN
1900 material to the value of S9,76S.92 In
excess Of 1899, II is reassQring to observe
in the importation of articles manutae-
tured ready for consumption, when IN
1900 formed. 1917 per cent Of the total
import, against l5d per cent. IN 1873 ana
2i.09 per cent. In 1896
The Internal Revenue Tax.
l recommend that the congress at its
present session reduce the internal rev.
enue taxes imposed TO meet the expenses
600 OO0 This reduction should be secured
by the remission of those taxes which ex-
perience has shown to be the most bur-
densome to the industries Of the people.
i specially urge that there be included in
whatever reduction is made the legacy tax,
bequests for public uses of a literary, edu-
cational or charitable character.
Recommends ship Subsidy.
American vessels during the past three
years have carried about nine per cent
Of our exports and imports. Foreign ships
should carry the least not the greatest
part of American trade. The remarkable
growth OF our steel industries, the prog
ress of shipbuilding for the domestic trade,
and our steadily maintained expenditures
for the navy have created an opportuni-
ty to place the United States in the first
rank of commercial maritime powers.
Besides realizing a proper national as
piration this Will mean the establishment
and healthy growth along all our coasts
of a distinctive national industry, expand
ing the field for profitable employment
of labor and capital 1t will increase the
transportation facilities and reduce freight
charges on the vast volume of products
brought from the interior to the seaboard
for export, and will strengthen an arm
of the national defense upon which the
founders of the government and their
successors have relied. In again urging
immediate action by the congress on meas
ures to promote American shipping and
foreign trade, l direct attention to the
recommendations on the subject in previ-
Gus messages, and particularly to the opin-
II am satisfied the judgment of the coun-
try favors the policy of aid to our merchant
marine, which will broaden our commerce
and markets and upbuild our sea-carrying
capacity for the products of agriculture
and manufacture, which, with the increase
of our navy, mean more work and wages
to our countrymen, as well as a safeguard
to American interests in every part Of the
world"
The attention of the congress is invited
to the recommendation of the secretary
of the treasury in his annual report for
legislation in behalf of the revenue cutter
service, and favorable action is urged.
The Trust Question.
In my last annual message to the con-
gress l called attention to the necessity for
early action to remedy such evils as might
be found TO exist in connection with COM
binauons OF capital organized into trusts,
and again invite attention to my discussion
of the subject at that time, which conclud-
ed with these words:
at is apparent that uniformity Of legfs-
lation upon this subject in the several
states IS much to be desired. 1t is to be
hoped that such uniformity founded in a
wise and just discrimination between what
is injurious and what is useful and neces-
sary in business operations, may be OBJ
tanned, and that means may be found for
the congress, within the limitations of its
constitutional power so to suppIem Mt an
effective code of state legislation as TO
make a complete system of laws through
out the United States adequate to- compel
a general observance of the salutary rules
to which have referred.
THE whole question is so important and
far-reaching that am sure no part of ii
will be lightly considered, but every phase
of 1t will have the studied elaboration of
congress, resulting in wise and judicious
action.
Restraint upon such combinations as are
injurious. and which are within fedora;
Jurisdiction, should be promptly applied
by the congress"