Albuquerque weekly citizen. (Albuquerque, N.M.) 1891-19??, 1903-12-12
PRESIDENTS Able MESSAGE

department OF commerce and labor
has been conditioned upon this theory
OF securing feir treatment alike for
labor and for capital.
The consistent policy OF the nation.
al government, so far as II has the
power. Is to hold In check the un-
scrupulous man whether employer or
employe; but 10 refuse TO weaken In.
dividual iniative or to hamper or
cramp the industrial development Of
the country. We recognize that this
is an era OF federation and combina-
ton, In which great capltalistlc cor.
porations and labor unions have be.
come factors OF tremendous import.
ance In all Industrial centers Hearty
recognition Is wen the far.reaching.
beneficent work which has been
accomplished through both cor.
pcrations and unions. and the line
between different corporations as be-
tween different unions. Is
drawn a II IL between different
organized capital and organized labor
alike: asking nothing save that the in.
terest OF eaCn shall he brought into
harmony with the interest OF the gen.
eral public. and that the conduct Of
each shall conform 10 the fundamen-
tai rules OF obedience to law. OF ind
vidual freedom, and OF justice and
fair dealing towards all. Whenever
either corporation. labor union or In.
dividual, disregards the law OF acts in
a spirit OF arbitrary and tyrannous In.
reference with the rights OF others,
corporations or individuals, then
where the federal government has
jurisdiction, t will see to 1t that the
misconduct Is stopped. paying not the
slightest heed TO the position OF
power OF the corporation. the union
or the individual, but only TO one vital
fact-that Is. the question whether or
not the conduc. Z the individual or az
gregate OF individuals Is In accordance
with the law of the land Every man
must be guaranteed his liberty and
his right to 90 as he likes with his
property or his labor so long as he
does not infringe the rights OF others
No man Is above the law and no man
Is below It; nor do we as. any mans
permission when We require him 10
obey IL. Obedience to the law Is de
manded as a right not asked as q
/ favor.
! We have cause as a nation to be
/ thankful for the steps that have been
! so successfully taken TO put these
principles into effect. The progress
! has been by evolution. not by revolu
| ton. Nothing radical has been done
/ the action has been both moderate
and resolute. Therefore the work viii
stand There shall be no backward
step. II in the working OF the laws II
proves desirable that they shall al
any point be expanded or amplified
the amendment can be made as It's de
| siIahiity IL shown. Meanwhile they
are being administered with judgment
hut with insistence upon obedience q
then and their need has been enpha
sized in signal fashion by the events
OF the past year
Government Receipts and Expendi
lures.
From all sources, exclusive OF thu
postal service. the receipts OF thu
government for the last fiscal yea
aggregated $500. 1896 74. The expenui
lures for the same period were 1850
O99, DOT, the surplus for the fiscal yea
being s54.297.667 Tho Indication
are that lne surplus for the presen
fiscal year will be ve.y small. II In
deed there be any surplus. From Jul.
to November the receipts from Gus
toms were. approximately. nine mill
ion dollars less than the receipts from
the same source for a correspondent
portion OF last year. Should this do
crease Continue at the same rat''
throughout the fiscal year the SUI
plus would he reduced by. approx
mately. thirty million dollars. Shout
the revenue from customs SUITE
much further decrease during th
fiscal year. the surplus would vanish
A large surplus Ia certainly undesil
able. Two years ago the war take
were taken off with the express In
tention Of equahzing the governmer
tai receipts ana expenditures, an
though the nrst year thereafter sti
showed a surplus, II now seems likel
that a substa ltial equality OF revenu
and expenditure will be attained
Such being the case II Is OF grea
moment both TO exercise care an
economy in appropriations. AMI I
. scan sharply any change In our fisci
revenue system which may reduc
our income. The need OF strict ecoi
omy in our expenditures IL emphI
sized by the fact that we can not n
, ford TO be- pars, monious in providin
for what Is essentil to our nationi
, well being. Careful economy wherevt
possible will alone prevent our II
come from falling below the poir
, required in order 10 meet our genuin
! needs.
! Needs OF Financial Situation.
! The integrity OF our currency
= oeyond question. and under preser
, conditions II would be unwiso and N
: necessary to attempt reconstru
. ton of our entire monetary system
, The same noeTty should be granite
+ the secretary OF the treasury to d
J post customs receipts as is granite
!, him In the deposit of receip
q from other sources. In my message
I December 2, 1902, | called attentio
;. 10 certain needs oil the financial stu
) ton. and | again ask the consider
Q tim Of the congress for these que
7 tons.
: Conference Between Gold Standai
! and Silver Standard Countries.
During the last session OF congress
! at the suggestion OF Joint note fro
the repu c ~ Mexico and the impe
: ial government OF China, and In ha
: mony with an act OF congress Apr
J, priating SIS 900 TO pay the expense
!, thereof. commission was appoints
+ IN confer with the principal EuropeF