Yellowstone monitor. [volume] (Glendive, Mont.) 1905-1928, 1912-12-12
PRESIDENT SENDS
SECOND MESSAGE
healing With Fiscal, judicial,
Military and InsuIar Affairs.
gIGB OFFICE FOR COCKTAILS.

,.,.,sioo Naval Construction Strong
~ lgrgsd and Army Reorganization
commended - Wage Farmers and
farmers, as we'll as Bankers, Should
Advise as to Currency System.
Sanding second message TO CON
-..s IN fiscal. judicial, military and
s-,~,.r affairs. President Taft explains
,T,, a. the message of Dec. 8 was
c-r6ped u foreign relations and as a
Anil discussion of all the transactions
II the government requires more space
,har enp message Of reasonable length
.Tords 81 have therefore adopted the
corrse Of sending three or four mes
sapas during tile first ten days Of the
sasslop ST as to include reference to
more Importaut matters that should
he brought to the attention Of con-
gress.'
The president finds the country in a
nerlod Of successful business, with
wear Of bumper crops. For the last
three years the government has saved
much bv sensible economy. He finds
the CRYING need Of the country II a
proper banking and currency system
and says that customs duties should
be revised downward. He strongly
urges congress to make the necessary
appropriation for strengthening our
foreign possessions at the earliest pos
slble day In recognition Of his work
Oh tbe Panama canal President Taft
recommends the promotion Of Colonel
GOetbals TO the rank of major general.
The president says reduced expendi-
lures In the navy mean reduced mill
taTy strength and deems that the III
crease should be at least two battle
ships year and battle cruisers, gun
boats and torpedo destroyers and sub
marines in proper proportion.
De commends the calm. orderly way
To which the trusts are being proceed
cd against aud says a steady, consist
ent course. without any radical legis-
aton changing the present govern
mental policies. is going to offer q so
iulOo to the problem. The country's
business first engages the presidents
attention.
Business Conditions.
The condition Of the country with
reference to business could hardly be
Better While the four years Of the
administration now drawing to d close
aaVe not developed great speculative
expansion or wide field Of new in
'estnent the recovery and progress
% @aae from the depressing conditions
!oao|hg the panic Of 1907 have been
sSedu!' and the Improvement has been
sieaF and easily traced In the statis-
~ The business of the country Is
@ -" % solid basis. Credits are not
- u,y extended. and every phase OF
He situation seems In a state OF pre-
Prosperity. =
s,' ,@'aaaIaetaFing concerns are run
4ar a,rs al their fun capacity. and the
staua -sulaod for labor was never so con-
y t'4S ~ and growing The foreign trade
csas III country for this year will en-
IN oaS SS,.,Vo0,o00000. while the balance
noz,. ~ la'oF-thot Of the excess of ex-
OO0O00 '-p'''S-Wili exceed SooO'-
tots, = 3 year Of bumper crops. The
win lOney value of farm products
vSaa n, s1ceed $9,50O,000,00O. II isa year
cptn,a, 'He pushed or unit price Of agri-
aBd =. products has gradually fallen.
cron Is' = lhe total value of the entire
tbsD =. . greater by over $1,000. .oOO. 900
""Ne known in our history.
H.. Condition ef the Treasury.
satisfao,a 1u1'tlon OF the treasury Is very
inp ds,.y dIlofy. The total interest bear.
G3l.sso9 9' ns. ls SSG3, ,7777,77O. of which s1a4,-
loan ~ INSTITUTES the Panama canal
&37s3oI ne ne aoninterest bearing debt Is
Of graanL, [o4,'o, Including s346, ,6s1 .Ote
ury stzo~sds. s1a.hs. We have In the treas.
serve aoo,looO o,','looO IN gold coin as a re-
backs. aa. 4a.'is' The outstanding green
balance I4 ~ 10 addition we have q cash
fund j ! x'.l lee treasury as general
Of &2a ar p9..,lo2'47S.99. or an increase
last yeor ~ ''''"2 over the general fund
For @'as'p'' '''s and Expenditures,
tie goyans, ,aere years the expenditures Of
tbe inena,en anent have decreased under
THIS gsss s.aee of an effort to economic
aou The tsehts as.s an apparent exeep.
'le Treasury 9a'.iate =. by the secretary of
v Tie ordinary receipts.