Rocky Ford enterprise., 1900-12-07

act, ls already apparent. Inc proNls-
lon for Incorporation OF national banks
with capital of not less than $4,000
In places not exceeding 5000 inhabit-
ants has resulted In the extension OF
banking facilities TO many small COM
munities hitherto unable TO provide
themselves with banking institutions
under the national system. There
We're organized from the enactment OF
the law up to and including November
3Oth. 800 national banks. OF which oG6
were with u capital less than S5OOO.
and 103 with "A capital OF $4,000 or
more.
"It Is worthy of mention that the
greater number OF banks being organ
lied under the new law are In sec
tions where need OF banking facilities
has been most pronounced. Iowa
stands first with thirty banks OF the
smaller class. while Texas. Oklahoma.
Indian Territory and the middle and
western sections OF the country have
also availed themselves largely OF the
privileges under the new law.
In my last message TO Congress l
called attention to the necessity for
early action Ia remedy such evils as
might bc found to exist In connection
with combinations OF capital organized
thtp thNtss aiAh a''"t'"
to my discussion OF the subject nj that
time. which concluded with these
words: 1t i apparent that uniformity
OF action upon this subject In several
states Is much Ia bc desired. II II 10
IL hoped that such uniformity. found.
cd In wise and just discrimination
between what II Injurious and wha, IL
useful and necessary In business opcr-
atIons, mny H. obtained. and TINT
means may H. found FOR Congress.
within Limitations OF its constitutional
power. 80 TO supplement nn effective
code OF state legislation ns to make
complete system OF laws throughout
the United States adequate to compel
a general observance OF the snlu,ary
rules to which ! have referred
'-'rhc imports OF the year amounted
to Sstn.aii.isi. and mn Increase over
is:o OF si3:..u:,,s,5. This increase Il
largely in materials for manufacture.
and IL In response to the rapid develop.
m-nt OF manufacturing In the United
States. Will. there was imported for
usc In manufactures in 1850 material
to the yniuc OF SD. 5,Is.o.s IN cSccss OF
isaI. IL il rrnssurinE to observe that
thcr- il tendency toward DECREASE IN
the importation OF articles manufacture
-,i rrady for consumption. which In
1900 formed i5.i5 f-'r cent. of the total
Imports. against 1851 per cent. In is;s9
and :i!pS p-r cent. IN 1876.
Il recommend that Congress at Its
present sr.sion rriuc- internal revenue
taxes imposed to meet EXPENSES of war
with Spain in the sum OF sss.o..p.
This reduction should L. measured bs
remission OF those taxes which expert
cnc- has shown TO bc mos; burden.
some to the industries OF the people.
specially urge that ;hcrr h. included in
whatever rr,iu-tion is made the legacy
tax bclucs; for public uSgs Of n liter
ary. educational or charitable chaTac.
ter.
'tn my inaugural address referred
to the general subject OF iynchinS in
these words: 'LynchinE must not IL
tolerated In n Erca, and civilized coun.
try like tho United States. Courts. not
Ino,bs, must execute the penalties Of
law. The preservation Of public oE,lcr.
right OF discussion. integrity of courts
and orderly administration Of Justice
must continue forever. This IL the
rock Of safety upon which otr govern.
iu-nt securely rs-t@.' This I most urE.
entity rci,cratc and again invite the at.
tcn,iou of my cuuntTymcn 10 this re.
proach upon our civilization.
The all.imporiant matter Of an In
tcr-occanic canal has assumed n new
phase. AdhcriuE to its refusal TO re-
open tho question of forfeiture OF con-
trnct OF the Maritime Canal Company.
which was terminated for alleged non.
execution in October. 1s.l. the govern
mcnt Of Nicaragua has since supple
mcnicd that action by declaring the so.
styled Eyrc-CraEin option void for non.
,.sss urt ..f t1ts. aNffNFflnEaaI n
Protests In relation TO these acts have
been filed in the state department and
are under consideration.
The NiCaTagunn government shows
n disposition to deal fairly with the ca
nal question. either in the way Of ne.
-o,iations with the United States or
by taking measures to promote water
ways.
"pverturcs for convention TO effect
the building Of the canal under the ati.
spices Of the United States are under
consideration. In the msautimc the
views OF Congress upon the general
subject. in the light Of the report Of
the commission appointed to examine
the comparative merits of the various
trans .isihmiau ship canal projects. may
be awaited.
II recommend to the carly attention
Of the Senate the convention with
Great Britain to facilitate the constrlic-
iion OF such canal and to remove any
objection which might arise out Of the
convention commonly called the Clay
ton.Bulwcr treaty.
American vessels during the last
three years have carried about nine
per cent Of our exports aud imports
Foreign ships should carry, at least.
not the greatest part Of American
trade. The remarkable growth OF our
steel Industries. the progress Of ship
building for domestic trade. and our
steadily maintained expenditures for
the navy have created an opportunity
to place the United States in the first
rank Of commercial maritime powers
The Philippine question occupies
considerable space in the Presidents
message. and orders TO the Philippine
tTnImmnTlN L EunVVu uu L..