North Park union., 1900-12-14

more.
1T IL worthy of mention that the
greater number of banks being organ
lied under the new law are In sec
tons 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
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
time, which concluded with these
words: 1t is apparent that uniformity
Of action upon this subject In several
states Is much to he desired. 1t Is to
be hoped that such uniformity. fOuud-
ed In n wise and just discrimination
between what is injurious ana what ID
useful md necessary In business oper-
atiOns, may be obtained, and that
means may be found for Congress,
within limitations Of Its constitutional
power, W " BuPpie"eht ah SAASS'''N
code Of state Legislation as to make q
complete system of laws throughout
the United States adequate to compel
q general observance Of the salutary
rules to which have referred
1.-The imports OF the year amounted
to $S40, ,941, 1874, and an Increase over
1890 of 1852, 702, ,695. This increase Is
largely in materials for manufacture,
and is in response to the rapid develop
ment of manufacturing In the United
States. While there was imported Tor
use In manufactures In 1900 material
to the value of $40. 76S,9I in excess OF
1869, 1t is reassuring to observe that
there is tendency toward decrease IN
the Importation of articles mnnufactur-
ed ready for consumption, which IN
1900 formed 1917 per cent. Of the total
imports. against 1854 per cent In 1sSo
and q 90 per cent. in 1886.
Il recommend that Congress at It's
present session reduce Internal revenue
taxes imposed to meet expenses OF war
with Spain In the sum of $3O,OOOOOO.
This reduction should he measured by
remission OF those taxes which expert
ence has shown to be most burden
some to the Industries OF the people.
specially urge that there he included IN
whatever reduction Is made the legacy
tax beQuest for public uses Of liter
nry, educational or charitable charac-
ter.
"In my inaugural address referred
to the general subject of lynching Ill
these words: 'Lynching must not be
tolerated in n great and civilized couu-
try like the United States. Courts, not
mObs, must execute the penalties OF
law. The preservation Of public order,
right OF discussion, integrity OF courts
and orderly administration OF justice
must continue forever. This Is the
rock OF safety upon which our govern
mcnt securely rests This most urg-
entity reItcratc and ngain invite the at
tention of my countrymen to this re-
proach upon our civilization.
"The all-!mportnnt matter OF an IN
ter-oceanIc canal has assumed a new
phase. AdherIng to Its refusal to re-
open the question of forfeiture OF con-
tract of TIE Maritime Canal Company,
which was terminated for alleged nom
execution In October. 1899. the govern
ment of Nicaragua has since supple
mented that action by declaring the So
styled Eyre-Cragin option void for nom
payment of the stipulated advance.
Protests In relation to these acts have
been fled In the state department and
are under consideration.
"The Nicaraguan government shows
a disposition to deal fairly with the ca
nal question. either In the wny Of ne
gotin tions with the United States or
by taking measures to promote water
ways.
"Ovcrtures for convention to effect
the building OF the canal under the nu-
spices of the United States are under
consideration. In the meantime 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-Isthmlan ship canal projects, may
be awaited.
II recommend to the early attention
Of the Senate the convention with
Great Britain to facilitate the construc-
ti0n of such canal and to remove any
objection which might arise out of the
convention commonly called the Clay
ton-Bulwer treaty.
american vessels during the Inst
three y7irs have carried about nine
per cent. OF our exports and 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
commonly known rs the Taft COM
mission nre embodied In the message,
all OF which have been published.
The President feels that the opposi-
tiOn to this government Is In scattering
districts. although 1t Is still such as to
cause feeling OF insecurity among the
population of the islands. The PresI-
dent concludes:
Later reports from the commission
show yet more encouraging advance
toward insuring the benefits Of llber-
ty and good government to Filipinos
In the interest Of humanity and with
the aim of building up an enduring,
self-supporting and self-admlnistering
In these far eastern sens.
l would impress upon the Congress
that whatever legislation may be en-
acted in respect to the Philippine Is
lands should be along these generous
lines. The fortune of war has thrown
upon this nation an unsought trust,
which should be unselflshly dis
charged, and devolved upon this gov
moral ms well as material
toward these millions