Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1900-12-07
THE FINANCES.

| - Athh FINANCES.
ment e dn financial operations by the govern
"a taiL II Will be the duty, as / am s,Ire
: viii ~ VIII be the disposition, Of the Con.
whatever fnrtthnees Presldent, TO provide
insure me continued parity under ali con-
mopaN S sil, our two forms of metallic
| ihSaney, silver and gold ."
| With regard to our national anancos
| the President saws: iiN0S
~ IL is gratifying to be able to state that
| e ei.S uTplus revenues for the fiscal year
| ended June 30, 1900, were S79 527 OeO IL For
| fbs P,sceulns years We had only deficits,
inci aggregate Of which from 1884 to 1899
snitSlu9siNes amounted to 1888, 022, 991. IA The
receipts for the year from an sources. exs
! SlusiVe OF postal revenues aRqregated
2S@ol,SiV'eol.es. and expenditures for ali pur-
| pOscs, except for the administration of
| the the postal department, aggregated S4s7 :
10 10, 'S l;,la, Touching. the disposition of
lhe surplus reduction of the internal
| a aSenNSshue war taxes in the sum of $50, Co.,
| OOO is recommended ''"
., immediate action is urged on measures
~ promote american shipping and for
elgn trade. The remarkable growth of
our steel industries, the progress of shin
Dunudils 1or the domestic trade and our
steadily maintained expenditures for the
navy nave created an opportunity to place
the United States in the first rank of
commercial maritime powers"
| The President calls attention to the nas-
sage IN his last annual message for early
actlon TO remedy such evils as might be
round to exist in connection with COM
| binations of capital organized into trus Is.
and he repeats the language Of the pre-.
Hlous message, adding: Restraint upon
suCh combinations as are injurious, and
which are within Federal jurisdiction.
should be promptly applied by the Con-
Appreciative mention is made Of the
| splendid success of American exhibitors
at the Paris Exposition. The contrib
button of the United States was not only
the largest foreign display, but was
among the earliest in place and the most
orderly in arrangement. Our exhibits
/ We're shown in 101 out of the III classes,
and more completely covered the entire
classification than those of any other ma
| ton. In total number they ranked next
| after those Of France, and the attractive
form in which they were presented Sc
cured general attention" Our awards
24I6, in all, Exceeded those given to any
other nation.
Satisfaction is expressed at the formal
| nouhcition of the ratification of The
tria, Belgium. Denmark, England, France,
| Germany, Italy, Persia, Portugal Rou-
mania, Russia, Siam, Spain, Sweden and
Norway, and the Netherlands. Japan
has now been added to the list. Re-
| gearding the Nicaraguan canal, the in
| formation is given that the Nicaraguan
measures to promote the waterway, after
having declared the so-styled Eyre
Cragin option void. Turkish relations
oar claims upon the government of the
sultan for reparation for the injuries suf-
| fered by American citizens In Armenia
promise of early and satisfactory set
| Element"
The recommended ton is made that the
| Senate take action on the commercial
| conventions submitted at the last session
| looking to the operation OF the policy of
| reciprocity. The necessity for Pacific
cable between the United States and Ha-
wall, with extension to Manila, is urged
| anew.
ARMY AND NAVY.
| Increased needs of the army by reason
of the new possessions, the country's
coast defences, and new army posts, is
pointed out, and the necessity in the i'm
mediate future of from 1900 to 10000 men
be apparent. FP says the President, that that
we will require an army of about $1,000,
and that during present conditions in Gu
/ ba and the Philippines the President
should have authority to increase the
| force to the present number of 100000. In
cluded in this number authority should
Philippines up to 1900, which the Taft
| commission believe will be more effective
! in detecting and suppressing guerillas, as
saSsips and ladIones than our own SOL
ders."
Recommendations of the secretary of
the navy for new vessels and for in
creased force are approved ard the estab-
lishment of national naval reserve and
| of the grade of vice admiral are recon-
/ mended and also provision for suitable re-
| wards for special merit. Additional APP
preparations are urged for the use of the
civil service commission; the necessity of
| is pointed out; Congress is urged to par
| ticipate in the celebration of John Mar
shall day or Feb. 4, next as well as in
| the centennial anniversary of the estab-
lishment of the seat of government in the
District of Columbia on the 18th day of
the present month of December.
PENSIONS.
At the end of the fiscal year there
were on the pension roll 993,529 names,
net increase of 2010 over the fiscal year
| 1883. The number added to the rolls dur
| ing the year was 1914 The amount
disbursed for army pensions during the
year was $13q, 700, 59i.A, and for navy pen
sions S3,761 ,533.41, total of $13S, 462, 3065,
| leaving an unexpected balance of $751;
76S. 25 to be conveyed into the treasury,
which shows an increase over the pre-
vious years expenditure of $l07, OTTO
There were 6S4 names added TO the rolls
during the year by special acts passed
at the first session of the Ftfty-Sixth
Congress. The act of May 1860, among
other things provides for an extension
of income to widows pensioned under said
act to $3.50 per annum. The secretary of
the interior believes that by the opera
| lions of this act the number of persons
pensioned under 1t will increase and the
Increased annual payment for pensions
will be between So, 100000 and 100000.
The government justly appreciates the
services of its soldiers and sailors by
making pension payments liberal be-
yond precedent to them, their widows and
orphans.
RURAL FREE DELIVERY.
The continued and rapid growth of the
postal service is sure index of the
great and increasing business activity of