Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1900-12-06


banks OF the smaller class, while Texas.
Oklahoma, Indian territory and the mid
die and western sections of the country
have also awaited themselves largely OF
the privileges under the new law. A large
increase In national bank note circulation
has resulted from the provision of the
act which permits national banks to issue
circulating notes to the par value of the
United States bonds deposited as security
instead of only 70 per cent. thereof, as
heretofore. The increase In circulation
notes from March IA to November 30, Is
81. SS9.510
DUTY OF THE PARTY IN POWER.
1t will be the duty as a. sure n will
be the disposition Of re o. 8 pro-
vide whatever furtl ed
ed to insure the cont,. der
all conditions between o. OF
metallic money, silver and sea var
ty In power Is committed to eue gis-
lation as will better make 'N en-" ency
responsive to the varying neete ~ busi-
ness at all seasons and in all sections.
GROWTH OF FOREIGN COMMERCE.
Our foreign trade shows remarkable
r pfGsass of Hem sSts. q aps nasft
ports for the first time in the history
Of our country exceeded s2,0O0,0Oo0O. The
exports are greater than they have ever
been before, the total for the fiscal year
1900 being 1884, 4S3,OS2, an increase over
1899 of $l67 459, $50, an increase over lSS
of s163, 00O, 752, over 1897 of $343, $685. and
greater than 1896 by s511, SIG, lA.
United States Is evidenced by the fact
that exports of manufactured products
largely exceed those Of any previous year,
their value for 1900 being si53 S51. 1856,
against 1889, 1872 146 In 1899, an increase OF
2S per cent Agricultural products were
also exported during 1900 In greater vol
ume than in 1899, the total for the year
being sS35 SIS 1923, against $7S4,776 l42 In 1899.
The imports for the year amounted to
SS49 941, 1S4. an increase over 1899 of WIS.,
1872, Cos. 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
manufactures In 1900 material to the value
Of $40. 76S,972 In excess of 1889, 1t Is re-
assuring to observe that there Is ten
dency toward decrease In the importa-
ton of articles manufactured ready for
consumption. which in 1900 formed i5.l7
per cent. Of the total imports. against
1854 per cent in 1899, and 2l.O9 per cent.
In 1896.
REDUCE WAR REVENUE TAXES.
recommend that the congress at its
present session reduce the internal rev.
enue taxes imposed to meet the expenses
of the war with Spain In the sum OF $780,
0O0,01. This reduction should be secured
by the remission of those taxes which
experience has shown to be the most bur-
densome to the industries OF the. people:
| specially urge that there be included
In whatever reduction Is made the legacy
tax, requests for public uses of literary,
educational or charitable character
FOR THE MERCHANT MARINE.
American vessels during the past three
years carried about nine per cent, OF our
carry the least, not the greatest, part or
American trade. The remarkable growth
of our steel industries the progress of
shipbuilding for the domestic trade, ana
our steadily maintained expenditures Tor
the navy have created an opportunity to
place the United States In the first rank
Of commercial maritime powers. Besides
realizing proper national aspiration tnls
will mean the establishment and healthy
growth along all our coasts or distinct
I've national industry, expanding the Held
for profitable employment of labor and
capital 1t will increase the transport
tation facilities and reduce freight charg-
es on the vast volume of products brought
from the interior to the seaboard 1or
export, and will strengthen an army or
the national defense upon which the
founders Of the government and their
successors have relied, In again urging
immediate action by the congress on
measures to promote American shipbuild-
ing and foreign trade, direct attention
to the recommendations on the subject
In previous messages, and particularly TO
the opinion expressed in the message OF
1899. 1t am satisfied tne judgment OF the
country 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 or
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 ev-
cry part of the world
The attention of 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
WOULD RESTRAIN TRUSTS,
I'm my last annual message to the con-
gress | called attention to the necessity
for early action to remedy such evils as
might be found to exist in connection
with combinations Of capital organized
into trusts and again invite attention to
my discussion of the subject at That tlme,
which concluded with these words: 1T
is apparent that uniformity of legislation
upon this subject in the several states
Is much to be desired. Ii Is TO De hopeu
that such uniformity, founded In q wise
and just discrimination between Wllat ~
injurious and what Is useful and neees-
sary in business operations may be OBJ
tanned, and that means may ne found Tor
The congress, within the limitations OF
its constitutional power, so to supplement
an effective code Of state legislation as
to make a complete system Of laws
throughout the United States adequate
to compel general observance OF me
salutary rules to which ! have referred.
The whole question Is SO important ann
far-reaching that | am sure no part OF
il will be lightly considered, but every
phase of It will have the studied delib-
GRAFTON of the congress, resulting In wise
md hldici0us action. Restraint upon sucn
combinations as are injurious, and when
are within federal jurisdiction should be
promptly applied by the congress-
THE PHILIPPINE QUESTION.
In my last annual message | dwelt at
some length upon the condition OF analrs
In the Philippines w NV '''Ni'b ~
press upon you that the grave RESPONSE
bility OF the future government OF those
islands rests with the congress OF the
United States | abstained from recon,
mending at that time a specific and maj
form OF government for the territory ac-
tually held by the United States forces
and In which as long as insurrection con-
iInues the military arm must necessarily
be supreme / stated my purpose, u4lil
the congress shall have made known me
formal expression of its Will, to use me
authority vested in me by the constitution
and The statutes to uphold the sovereignty
If The limited States In those distant Is
lands as in all other places where our
ilae rightfully floats, placing to that end;
at the disposal Of the army ana navy all
the means which the liberallty OF the
congress and the people have provided.
No contrary expression Of the, will Of the
congress having been made, have stead
lastly pursued the purpose so declared,
employIng the civil arm as well TOWARD
he accomplishment of pacilicatlon ana .,
The institution Of local government wllhlh
iha lines Of authority and law.
Progress in the hoped-for direction mas
been favorable. Our forces have success
fullv controlled the greater part OF the
isinnda ovnrcomlng the organized forces