The Kemper herald. (Scooba, Miss.) 1875-1908, 1903-09-03

In view Of the widespread interest
that has been awakened in our trans
pacific possessions, and the many dis
cussions that have been carried on
through the press and by other means
as to the advantages or disadvantages
that may accrue to us at some later
date growing out OF our possessions in
the far east, every item that is of prac-
ticsl interest and sets forth either
point to any degree of satisfaction Is
eagerly sought for, and especially Is
this true OF the rubber and gutts
percha possibilities Of the islands, for
the extraordinary demand for these
articles as shown by a. importation
into the United States OF more than
1875, 900, 900 worth OF these two articles
during the year 1902, coupled with
the fact that the known sources OF
supply are somewhat limited, has oil
different times caused no little anx
iety over the future source OF produc-
ton. In fact, the limited output OF
gutta percha, practically all OF which
is obtained from the kEast Indian
islands, being found in Borneo. Jaws
and the Straits Settlements has been
the subject of much concern by rea-
son of its steadily increasing use es
pecially in connection with electrical
equipment.
The published statement that Sec
rotary Shaw had decided that under
existing laws he was authorized t.
s~egregate Government receipts from
internal revenue sources and deposi
the same at his discretion in national
bank repositories, does not raise a new
question, says q we'll known writer.
Although such depositsaas have been
made heretofore had not been previ
ously covered into the treasury. Al
early as 1878, it is said the courts o
the United States held in effect tina
the national bank repositories are
parts of the treasury of the United
States, so far as their authority to hold
public deposits are concerned. Tht
Secretary, 70 far as can be learned
has not determined on the deposit o.
any further funds with national banks
but after due elaboration has decided
that it is we'll within his province t,
make such deposits, and with a viey
to meeting any possible money con
tingency hereafter, he has ~segregate,
the eternal revenue receipts from othe
receipts.
Treasury officials deny tina
the $40, 900, 900 fund Secretary Shaw
proposes to use in aid of National
banks to avoid q money panic, is par
OF the money that was to be used il
payment for the Panama canal. Thi
fund is entirely derived from the in
ternal revenue and miscellaneous re-
ceipts which. under the law. constitut,
the only class Of receipts that the SEQ
rotary 10 authorized to deposit in Ma.
tlonal banks, The appropriation fol
the Panama canal, on the other hand,
is to be paid tout of any money in tn,
treasury not other wise appropriated.
The two things are therefore, quite
separate and distinct.
There are indications that the Shil
trust, which is SO badly threatened b.
financial breakers now, will seek a lif
line by attempting to revive and pus
the defunct Ship Subsidy bill through
congress at che next session. Jus
how the trust expects to convince tn
Legislators that its troubles are due t
lack of subsidy is not apparent, bu
bu0 Olo dkRu1uOhs thap Al6A PilC0o I
labor and material prevent shipbuild
ing competition with foreign ship
building yards, is being CAREFUL,
busted preparatory to the opening G
congress.
Senator Frye. of Maine, and Sen,
tor Hanna, who in the past were tn
chief sponsors of the Ship Subsid
bill, have, 1t is understood, been az
pealed to by certain of those Interest
ed in the United States Shipbuildin
Company to see what a be done t.
wards reviving the subsidy movement
Letter which come to the navy de
partment from those companies tina
are behind in work or naval vessel
and cancellation of contracts breath
in every line the financial distress witt
which thov ara affacted Soma of fh