The Owosso times. (Owosso, Mich.) 1897-1926, 1900-01-12

responding months of last year that
country took only $50, 900, 900 worth of
raw cotton. During the same periods
of time Japan's purchases of raw cotton
from the United States increased So, 000,-
600 worth aggregating last year more
than 81, 100000 worth. To other Orien-
tai points the quantities of raw cotton
exports increased more than 1000, 600
pounds, compared with the correspond
ing months of 1897.
The senate has only fairly started
upon the consideration of the financial
bill, but the republican managers of the
measure manifest their intention to
press the bill upon the attention of the
senate, insisting upon Its consideration
from day to day until the final vote is
taken. 1t is the desire of the republican
managers to pass the senate bill with
out amendment as speedily as possible,
for it is recognized that much time will
be occupied in conference to reach an
agreement upon the different measures
passed by the house and senate. 1t is
generally believed that more than
month will be occupied by the senate in
debating the financial bill before the
subject goes into conference. and con-
siderable time will also be devoted in
discussion in both houses on such meas
ures as may be agreed upon in confer
ence
During the recess of congress special
interest was manifested by members
of the merchant marine committee of
the house and the commerce committee
of the senate in securing data bearing
on the shipping question. Considerable
new matter was prepared for senators
and members by bureaus of the treas
ury department on lines both for and
against the policy of aid to the Ameri
can merchant marine. Whatever may
be the opinions of senators and men,
bers who are on committees that have
special charge of the shipping bills in
regard to modification of the pending
measures, it is believed by the experts
of the treasury department that the bills
will be reported in both houses with
few notifications, leaving the adjust
ment of details for the conference com
mittee of the two houses This idea is
based on the fact that the bills are so
technical in their provisions that
changes in the proposed rates of SUBJ
sides must be made throughout the bill,
if at all, as the forms provided for SUBJ
sidy rates range through all classes of
shipping, and if changed at all must be
changed through all the lines affected
Theconditions of the national treasury
at the close of the past year are graft
flying to the officials of the government
and comport well with the improved
conditions in the business, industrial
and trade relations of the country. 1t
is the belief of the treasury officials thai
the surplus Of receipts over expendi.
lures for the half year since July would
have amounted to nearly 1000, 900,
had it not been for the policy of the
government anticipating interest pay
ments on government bonds. Although
December was short month on account
of intervening holidays. the treasury
operations show receipts from customs
amounting to nearly 100000, 900 and
internal revenue receipts averaging
nearly 100000 day. The balance
over expenditures for the month, not
withstanding the interest payments
amounted to more than $4,000
Compared with December of 1893, i'm
proved conditions are noticeable all
along the line, increased receipts from
al sources being attended by diminish.
ing expenditures. Customs receipts
for last month were "a, 100000 in excess
of those Of December, 1898, and a like
liz crease was made in internal revenue
receipts, whereas the expenditures were
about e1 .OOO. 900 less last month than a