Newspapers / The Wilmington Messenger (Wilmington, … / Dec. 6, 1899, edition 1 / Page 1
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VOL.XII. -No. 287. WILMINGTON, N. C , WEDNESDAY, DECEMBER 6, 1899. PRICE 5 CENTS. PESTILENCE AND" WAR SUPREME COURT DECISIONS. Are Playing Havoc With the Souths The Morganton Local Option Case Iz dlctment for Issuing Railway Pass. American States. THE ROBERTS - . . . CASE ANNUAL The 'House by Overwhelming Vote Passes the Tayler Resolution. MR. ROBERTS DENIED HIS SEAT Until the House; Passes on the Charges Made Against Him and by the Resolution Referred to a Special CommitteQ-The Debate an Ex citing One Mr. Roberts Speaks in His Own Behalf. ThePresident's Message Read in Both Houses. Death AnnouncedS in Both the Senate and the House. SENATE. Washington December 5. (Today's siassiion of the senate lasted two hours nd 'forty minutes, practicalfly the en tire time being consume'd in the read ing, ptf the president's message. .The reading of the document was largely perfunctory, 'few of the sena tors according amy attention. Some of them retired, to- their committee rooms to peruse the message at Leajsure, while a few followed the reading by the clerks. x iSenator Turley, of Tennessee, pre sented his colleague, yMr. Bae, at the desk of the president, 'and, president ' Ffye administered .to Mr. Bate the ; oath of office. j The announcement, of the death of Senator-elect Monroe L. Hayward, of Nebraska, was received by the senate . with sincere regret. Although he -was not officially a member of the body, he was well known to many of the sena tors, and by them was held in high re- gard. At the' conclusion of the reading of tfhie message 'the senate 'adopted' reso lutions of regreit presented by Senator Thurston, of Nebraska, 'and, as a mark of respect, adjourned imimediatetly. HOUSE OF 'REPRESENTATIVES. After an interesting debate of three hours, the house today by (a vote of 302 to 30 adopted the resolution offered by Mr. Tayler, of Ohio, yesterday for the appointment of a special comimittee to investigate the charges against Brdgham H. Roberts, the Mormon representative-elect from Utah by the terms of the resolution. Mr. Roberts 13 now not only excluded from all jar ticipatipn In the proceedings of the house until tht committee reports and the housie -iPaeta.-upm his case, but h ns-ttemiied a seat in the Madl. Whether this will be interpreted to deny him ad mission within the chamber pending the disposition of his case is yet to be decided. .The reading of , the president's message was completely overshadowed by the dramatic proceedings which re-, suited in the actibn of the house today. The galleries were thronged with spectators, mostly women,1 - who sat patiently through, the three weary hours that preceded the debate, and then waited three hours more until it was concluded. The most remarkable feature of the debate was the fact that Mr. Roberts presentation of his own side of tJhe case, wahich lasted almost an hour, became so absorfbiTig that he won the sympathy of many of those in the galleries and was several times showered with applause. It was evi dent that he realized that the house was overwhelmingly against him, ar:d at times he spoke fiercely and defiantly. After the reading of the message the speaker laid before the house the Tay .Der resolution to refer the Roberts ease. ' Mr. Tayler immediately " took "tihe floor. It was arranged that there should be three hours debate, one-half on each side, one-half hour to be allow ed Mr. Roberts and to come out of the 'time of the minority. This arrange menit having been made, Mr. Richard son, the demipcratic leader gave notice of a substitute he should offer as fol- low: Whereas, Brigham H. Roberts, from the state of Utah, has presented a cer tificate of election in due and proper form as a repres entativie from the said state, therefore be it, , Resolved, That, without expressing any opinion as Ho the right or propriiev ty of his retaining his seat in advance of "any proper investigation thereof, the said Brigham H. Roberts is entitl ed to be sworn in as a member of thls house upon his prima facie case. Resolved Further, That when sworn in his credentials and all papers in re lation to his right to retain his seat be referred to the committee on the judi ciary, with instructions to report thereon at the earliest possible moment. Mr: Tayler contended first that Mr. Roberts' conviction of violations of the Edmunds law in 1889 rendered him lniel igible by the eighth section of that act; second, that if since guilty of polygamy he is still ineligible under that act;, third, that if a palygamist within the meaning of the desision of the supreme . court he is ineligible, independent of that statute; fourth, that the compact between Utah and the United States justifies the house in refusing him ad mission. Mr. Tayler urged that it wvuld be better for the house to exclude ' Mr. Roberts than to expel him. All the authorities, he said, were against the right of the house to expel a mem ber for acts done prior to his election no matter how vile they might be. When Mr. Tayler began to speak Mr. Roberts left the seat he had been occupying and took a seat near the main aisie where be could hear with greater ease. Throughout Mr. Tayler's remarks he sat facing his accuser, ex cept when he turned to his desk to take notes of the points to which he desir ed to reply. Mr. Richardson, the minority leader, followed Mr. Tayler. He did not in- tend, he said, to discuss the merits of the case. The question in issue was aa ' to whether Representative-elect Rob erts had a prima facie right to his seat. .He was not willing to reject a repre-sentative-elect who appeared at the bar of the house with his credentials in due form. If he was denied admis sion a precedent would be created which would rise to plague the house in years to come. He was willing to say that if the charges against the member-edect were proven he should favor his expulsion. "If there is one thing the American people are a unit upon," said he, "it is that the Ameri can home strain be preserved in all its lovlinees, swettoesa and purity." (Ap plause..) mk. Roberts speaks.. Mr. Roberts himself took the floor in his own defense after Mr. Richardson) had. concluded. He occupied a conspic uous place immediately in front of the dark's desk. Several legal volumes were piled up dn front of him, and a bouquet of carnation lay upon his desk. The most intense interest was manifested as he arose. Members crowded about but were compelled to retire to their seats. The galleries were hushed. . The occupants leaned over to listen, eager to let no word escape. Mr. Roberts first sent to the clerk's desk and had read "his naturalization papers. He then began to speak. His voice was soft and low, but his enun ciation was distinct and, in the still ness, could be heard to the farthest corner of the ball. Mr. Roberts proceeded to answer the charges against him. He said two presidents had proclaimed" amnesty since his conviction for a misdemeanor. He denied that he hod been a law breaker since 1889 and asked why he had not been prosecuted if a law break er. He referred to the present agita tion as a "conspiracy" to force this sub ject to. the front at this time. He dia maticailly invoked protection for the representative a sovereign stiate. Ha asked no privilege, no favor, he ex claimed, but he demanded his rights. This was given with such emphasis and feeling that vigorous: and long con tinned flDrflause greeted the speaker. When Mr. Roberts' time expired Mr. Newlands, of Nevada, asked that the time be extended, but Tiayier, Objected. Richardson then ydeIded-.Mr. Roberts the balance or. democratic ume, ;n minutes. Mr. Robert's asserted that presidential appointments had been made without consideration or cnarges of polygamy. , Mr. Hopkins, of Illinois, challenged Roberts statement as to presidential appointments. Roberts declared that appointments had 'been made notwith standing . charges similar to those against him. He said that names were duplicated on ithe petitions against him. Mr. Tayler drew applause by grant iner Roberts more time. Mr. Roberts read a latter from the justice of the supreme court of Utah, stating that the present aammistra tion had appointed Utah postmasters chareed with unlawful cohabitation. Mr. Roberts closed with a dramatie statement that Utah had not broken faith; that polygamy was no longer. ari issue and that he had had the honor in Ithe constitutional convention of set tling that issue forever. Mr. Grosvenof, of Ohio, declared Roberts guilty of miserable subterfuge in asserting that the president had ig nored charges of polygamy in making Utah appointments. He exclaimed that the slanders against the president were false. Mr. Tayler concluded the debate. Mr. Roberts, he said, had exhibited a large incapacity to understand his (Tayler's) position, his (Roberts') position or the - spirit of the American people a right eous expression of their sentiment justly founded, however much misdi rected. He did not say Mr. Roberts was guilty, but he indicted him upon his own responsibility. The vote was then taken, first on the substitute, which was defeated 59 to 247. The vote then recurred upon the adoption of Mr. Tayler's resolution, the roll being called- upon the demand of the republicans;. The resolution was adopted 302 to 30. The speaker then appointed the spe cial committee under the resolutions. The death of the late Representative Settle, of Kentucky, wasthen announc ed and at 6:25 o'clock as a further j mark of respect, the house adjourned until Thursday. De Witt's Little Early Risers purify the blood, clean the liver, invigorate the system. Famous little pills for con stipation and liver troubles. R. R. Bellamy. Charged With Murdering a tdve Man. Macon, Ga. December 5. Two ne gro women, Dolphuse and Ida Hooks, have been in jail here for several weeks under indictment for the mur der of Jim Jones. colored. Today Jones made his appearance, and his coming has caused a profound sensa tion among the negroes. : A dead ne gro was found in south Macon several months ago, who had plainly been murdered. He was identified by Jones' mother as Jones and was buried by her. Suspicion pointed to the Hooks women and . their conviction was re garded as certain. Jones says he has been working on a turpentine farm and did no know he was thought to have been mur dered , " - - ' Solicitor General Hodges ordered the release, of the accused women today. "I was nearly dead with dyspepsia, tried doctors, visited mineral springs, and grew worse. I.used Kodol Dyspep sia Cure. That cured me." It digests what you eat. Cures indigestion, sour stomach, heartburn and. all forms of dyspepsia. R. R. Bellamy. (Correspondence of Associated Press.) Kingston, Ja., November 28. Pas sengers from the west coast of South America, report ah ominous outlook in connection with the spread of the bu bonic plague. There seems little doubt that the epidemic is slowly, but stead ily working westward in South Amer ica, "i To this dangerous plague is added the general condition of political unrest in all the western republics of South America. y . . Chili is on the eve of a financial crisis, and possibly of revolution,, which has only been postponed, and not avert ed, by the government's reduction of the issue of forced paoer currencv from $50,000,000 to $20,000,000. In Peru and Bolivfa serious revolu tions are going on. These are disorgan izing xraae. -.-.-- Ecuador is in a condition of Inciniemt revolt against the dictatorship of Pres ident Eloy Alfaro and a strong revo lutionary movement, directed by the clerical party and supported by a ma jority of the people, is said to be in course of "organization . on Peruvian soil. In Colombia civil war is raging. V The plague and the wars are react ing seriously on trade and industry. The most significant indication is the turning backward of the stream of English, German and other European commercial travellers. The coast trade, thus far; has suffered little, but from Chili to Colombia internal trade is al most paralyzed, and the steamers are sailing with little or no return freight. THE NEWS CONDENSED. Outlines of the Telegraphic Dlspateb.es in Today's Paper. Meridian, Miss., has a $250,000 fire The St. Augustine ice works are burned. - "The cabinet , discusses Porto Rican finances. , The torpedo boat Bailey is success fully launched. The London papers discuss the pres ident s message. Three hundred Armenians are ma's- sacreed by Kurds. United States Senator Hayward, of Nebraska, is dead. The state produces some damaging evidence against Molmeux. The American schooner Robert Ruff is wrecked on the Mexican coast, The republicans of the house disouss the proposed financial measure. The , Kentucky election commission today takes up the contested cases. A bill is introduced in congress to in vestigate the cause -of yellow fever, A deadly , fight with dispensary con stables occurs at -Greenville, S. C , The Pullman and Wagner Palace Car companies are formally consolidated 'The state treasurer makes urgent call upon the sheriffs to send in state taxes. In Panay the Filipinos1 refuse to fight, but continue their retreat to the moun-. tains. It 'is not known -when Speaker Hen derson will announce ithe house com mittees. : The Southern will run its first train into Savannah over its new route on Friday.' . The rush of bills in the house on its second day was the greatest in its history. Rewards of $700 are offered for the arrest of the Branchville (S. ' C.) ex press robber. ". The South Carolina railroad commis sioners inspect the Southern's "Flori da New Line." Admiral Dewey has been made a Jtrustee of an Episcopal cathedral in. Washington, D. C. ... New Orleans cotton exchange men guess on the cotton crop, ranging from 7,555,000 to 10,400,000. The ex-postmaster at Meldrem, Ga., is sent to ail under the charge of mis appropriating funds. It is proposed to have in ithe house of representatives a standing commit tee on insular affairs. The contract is awarded for exhum ing the bodies of the victims of the Maine, buried at Havana, Headquarters and eight companies of the Fifteenth regiment, now at Santi ago, have been ordered home. A' bill is introduced in the house for constructing a cable to Hawaii, the Philippines, Japan and China. The Georgia railroad commission urges the railroads not to make the contemplated increase in freight rates. Argument is begun in the Federal Supreme court in the case involving the constitutionality of the inheritance tax. - The bubonic plague is steadily work ing its way into the South American states and revolution is either incip ient or rampant in most of theim The house of representatives, by an overwhelming vote, adopts the resolu tion for investigationof Mr. Roberts' eligibility to a seat in that body. Two negro women are charged with the murder of a negro man at Macon. The victim was buried by Bis mother, wnen tne supposea muraftrea man turns up alive and well. Opinions are filed in the state su- preme court, among them decisions in the Morganton local option case. and Southern the indictments against th railway, for Issuing a free bass. The attorney general in (his annual report recommends the increase of sal aries of all federal judges. He also ex plains why he does not bring all the suits he Is requested to institute against alleged combinations. "One Minute Cought Cure is the best remedy I ever used for coughs and colds. It is unequalled for whooping cough. Children all like it," writes H. N. Williams, Gentryville, Ind. Never fails. It Is the only harmless remedy that gives immediate- results. Cures coughs, colds, hoarseness, croup, pneu monia, bronchitis and all throat and lung troubles. Its early use prevents consumption. R. R. Bellamy. ' (Special to The Messenger.) Raleigh, N. C, December 5. The su preme court files the 'following opin ions: Herren vs. Pugh, from Samp son, per curiam, affirmed; Bristol vs. Morganton, from Burke, reversed; Powell vs. : Railroad, from Burke, af firmed; Griffith vs. Silver, from. Yan cey, new trial; McNeely vs. Morganton, affirmed; Brackett vs. Gilliam, from McDowell, affirmed; State vs. South ern Railroad Company,, reversed; Hen derson vs. Moore, rrom Wilkes, affirm ed; Cowles vs. McNeill, from Wilkes, new trial; Grabbs vs. Insurance Com pany, from Stokes, affirmed; Mem mings vs. Doss, from Surry, error; Wooten vs. White, from Iredell, new trial; Welch vs. Cheek, from . Ran dolph, affirmed; Bynum vs. Clark,. from Cumberland, affirmed; Slocomb vs. Fayetteville, affirmed; Richardson vs. Justice, from Chatham, affirmed; Max vs. Harris, from Durham, affirm ed; Weil vs, Casey, from Wayne, mod ified and affirmed; State vs. White, from Wake, reversed. A very interesting case decided by the supreme court today is that of McNeely, appellant, vs. Commissioners of Morganton, affirmed. Chapter 158, acts 1895, provided for a "local option" election to be held for Morganton on the first Monday in May, 1895, and every two years thereafter; upon pe tition of one-third of the qualified vot ers, and provided that "if at (said elec tion or any such subsequent election a majority of the votes cast should be in favor of "license" the commission ers of the town should be authorized to issue license for the sale of spirits ous liquors. Elections held in Ma 1895 and 1897, resulted in a majority for "license," and upon the result of such elections the plaintiff was twice granted license. - Prior to the. election in 1895 prohibition law prevailed in the town. The election held on the first Monday in May, this year, upon pe tition of one-third of the qualified vot ers, resulted in a tie. Held, that the commissioners properly refused upon the result of such election to grant license for the sale of spirituous liqu-' ors. . Elections held under the provis ions of the act, every two years, "upon the first Monday in May" are legal, although such elections were not precisely two years apart. As act does not provide for new registration for each succeeding election, the con tention that there was not sufficient time for registration, is without merit, The most important case decided by the supreme court today is that of tire State, appellant, Vs, the Southern Rail way Company, reversed. Judge, Clark writes the opinion and says: - "Where there is an appeal to the superior court from a trial upon in dictment in a criminal court the in dictments in both courts will be treat ed as separate counts in the same bill, and if either is good the court will support the verdict. "The charge in the indictment that the defendant, a common carrier, did give undue and unreasonable prefer ence to one by giving him "a free pass over the road of the defandant," is defective, in that it fails to allege that by virtue of such free pass the recipi ent received free transportation. It is the discrimination and not the method by which it is done which constitutes the offence. The allegation that a com mon carrier gave the person named undue preference by transporting him free, ex vi termi, alleges discrimina tion. Where the indictment against a common carrier charges undue prefer ence in transportation which is not within the exceptions named in the act creating the offence, a negative averment to that effect in the indict ment Is not necessary, but. if the pref erence afforded does come within the statutory exceptions, such fact would be a matter in defence. Such indict ,ment need not charge that there were other persons upon the same train with the person to whom the discrimi nation was given, paying fare. It seems that a train load of 'deadheads' is discrimination within the meaning of the statute. Chapter 320, laws 1891, was not repealed by Chapter 506, . laws 1899, as was decided in Abbott vs. Bed dingfield, at this term." IN NEED OF FUNDS. State Treasurer's Urgent Call on Sher iffs to Send In the Taxes. (Special to The Messenger.) Raleigh, N. C.,' December 5. The state .treasurer today wrote all the sheriffs that, owing to very great need for money to be used for present -pur-poses he urges even to collect and send in state taxes as rapidly as they can. Some of the appropriations and ex penses that have to be met during this month of January are: Pension $115,000, interest on debt $72,000, one-fourth of appropriations to three state hospitals $50,000, various colleges and university $18,500, charitable institutions $30,625, appropriation to public schools $100, 000, running expenses of the state gov ernment and miscellaneous items $50, 000; total, $435,000. Investigating Frauds Against the Gov I ornment. . t Savannah, Ga., December 5. The grand jury of the United States court, Judge Speer, spent most of the day investigating the charges that have been brought against John F. Gaynor and B. D. Green, of New York, as co partners in the Atlantic Construction Company for alleged complicity with O. M. Carter, late captain of engineers. United State army, in defrauding the government of certain large sums of money. It is believed now that the in vestigation will extend through the week; and that a report will not be made before Friday or Saturday. It takes but a minute to overcome tickling in the throat, and to stop a cough by the use of One Minute Cough Ctre. This remedy quickly cures, all forms of throat and lung troubles. Harmless and pleasant to take. It prevents consumption A famous spe cific for grippe and its after effects. R. R. Bellamy. Of the President to Congress on the State of the THE WON DERFUL PROSPERITY . ' Of theNation as Shownin Domestic Recommendations as to Our Monetary and Banking Systems. The JGorernment's Attitude Toward Cuba and the Phil ippines Firm Maintenance of the Monroe Doc trine Before the International Peace Con ference Lynchings Denounced. Washington, December 5. The presi dent 'today sent the following message to congress: 9 "To the Senate and House of Represen tatives: , ' "At the threshold of your delibera tions you are called to mourn with your countrymen tihe death of Vice President Hobart. who passed from this life on the mornding of November 21st, last. His great soul now rests im eter nal peace. His private life was pure and elevated, while . his public career was ever distinguished by large capac, ity, stainless integrity, and exalted motives. He has been, removed from the high office which he honored and dignified but his loftv character hta I dSr Snff Sft22yV pose, and noble virtues remain with us as a princeless legacy, and example. THE cfoUOTRY'fe GREAT PROS PERITY. "The fifty-sixth congress convenes in its fiirst regular session with the coun- 1 try in a condition of unusual prosperi- ty, of universal good wall among the people at home and in relations of peace and friendship with every gov- j ernmient of the world. Our foreign ! commerce has shown great increase in volume and value. The combined im ports and exports for the year are the largest ever shown by a single year im all our history. Our exports for 1899 alone exceed by more than a billion dollars our imports and , exports combined in 1870.. The imports per capita are 20 per cent. less than in 1870, While , the exports per capita are 58 per cent, more than in 1870, showing the . enlarged capacity of the United States to satisfy the wants of its imcreasdng popuQation, as well as v wiwrc w., pwe "Exports of agricultural! products were $784,776,142. Of manufactured products we exported in value $339,592, 146, being larger than, any previous year. It is a noteworthy fact that the only years in affl-.our history when the products of our manufactories sold aboard exceed those bought .abroad were 1898 and 1899. RECEIPTS AND EXPENDITURES. '"Government - receipts f rom all sources for thefiscal' year ended June 30th, 1899, including $11,798,314.14, part payment of the Centra! Pacific rail road indebtedness, aggregated $61j, 982,004.35 Custom receipts were $206, 128,481.75, and those from internal rev enue $273,437,161.51. For the fiscal year the expenditures were $700,093,564.02, leaving a deficit of $89,111,559.67. . "The Secretary of the Treasury es timates thaifr the receipts for the cur rent fiscall .year will aggregate $640, 958yll2, and upon the basis of the pres ent appropriations the expenditures Willi aggregate $600,958,112, leaving a surplus of $40,000,000. For the fiscal year ended June 30. 1899, the internal revenue receipts were increased about $100,000,000. STRENGTH OF THE TREASURY. "The present gratifying strength of the treasury is shown by the fact that on December 1, 1899, the available cash balance was $278,004,837.72, of which $239,744,905.36 was in.gofld coin and bul lion. The conditions of confidence which prevail throughout the country have brought gold into more general use and customs receipts are now al most entirely paid in that coin. "The strong position of the treasury with respect to cash om hand and the favorable showing made try tne reve nues have made it possible for the sec retary of the treasury to take action under the provisions otf Section 3694, Revised Statutes, relating to the sink ing fund. Receipts exceed expenditures for the first five months of the cur rent fiscal vear by $13,413,389.91 and as mentioned above, the secretary of the treasury estimates that there win oe a surplus of approximately $40,000,000 at the end of the yearl Under such con ditions, it was deemed advisable and proper to resume compliance with the provisions of the sinking fund law, which for eight years has not been done because of deficiencies in une revenues The treasury department cnereiore i The president next discusses the offered to purchase during November question of trusts on which he says: $25,000,000 of the 5 per cent, loan of "Oomlbinations of capital irganiza 1904, or the 4 per cent, funded loan of tions otf trade among our citizens, to 1907, at the current market price. The stifle competition, limit production, and -. amount offered and purchased during determine the prices of products used November was $18,408,600. The prern- anj consumed by .the people, are justly ium paid by .the government on such provoking public discussion, and should: nur chases was $,td,oj. iu uuc orino- in jnitmst was about $2,885,000. The success of this operation was suf ficient to induce the government to con tinue the offer to purchase bonds to and including the 23rd day of December, i-.--,t nnioca the remainder ox tne J25.000.000 called for should be presented in the meantime for redemption. INCREASED ACTIVITY IN IN DUSTRY. "Increased activity in Industry, with its welcome attendant a large employ rw for labor dt higher wages gives to the body of the people a larger pow- er to absorb the circulating meuium. it injuriea to th public which may result is further true that year by year, wixn from larse combinations concentrating larger areas of land under CU1";"' more or less numerous enterprises and the increasing volume of agTicuixurai establishments, which previously to the products, cotton, corn, and wneat, caus formalion of tne combination were car- .for a larger volumeof sP f ried on separately. This is especially noticeable at trie crop it ia universally conceded that corn harvesting and 'crop moving parioas. j Mlia(tIng which engross or control the TO AMEND NATIONAL BANKING market of any particular kind of xner- w wit fi ............ . . LAW D. The president refers to thevnational Union. Manufacture and Foreign Trade banking act and urges that nationat banks be authorized to organize with a capital of $25,000. He says that in its earlier history the national banking act seemed to prove a reasonable avenue tihrougih which needful additions to the circulation could from time to time oe made. Changing conditions have ap- parently rendered It now. inoperative' to that end. The high margin in bona securities required, resulting from large premiums which government bonds commanded in market, or the tax on note issues.or botlh, opera tog together appear to be the influence which impair its public utility. The attention of con gress is invited to this important mat tier with ithe view of ascertaining whether or not such reasonable modifi cations can be made in the national banking act'as will render Jts service In cne paiPcuiars nere referred to r responsible to the people's needs. tne particulars here referred to more TO MAINTAIN THE GOLD STAND ARD. Concerning ithe gold standard, thai president says: ' '"I. urgently recommend that to sup port existing gold standard, and to maintain 'the parity in value of the coins of the two metals (gold and sil ver) and the equal power of every dol lar at all times in the market and In the payment of debts,' the secretary of the treasury be given additional power and charged with the duty to sein "United States bonds and to employ such other effective means as may be necessary to these ends; The authority '. should include the power to sell bonds on long and short tdme, as conditions may require, and should provide for a rate of interest lower than that fixed by the act of January 14, 1875. While -there is now no commercial' fright which withdraws gold from the gov ernment hut, on the contrary, such widespread confidence that gold seeks, tire treasury demanding paper . money . . in exchange, yet the very situation ting time to make adequate provision to insure the continuance of the gold standard and of public confidence in the ability of the government to meet all its obligations in the money which the civilized world recognizes as the best. ' 'The financial transactions of the ( government are conducted upon a goldt J 'basis. We receive gold when we eeQ , United States bonds and use gold for their payment. We are maintaining the -parity of ail the money issued or coin-, ed by authority of the government. We are doing these things with the means at hand. Happily at the present time we are not compelled to resort to loans ts supply gold. It has been done in tat past, however, and may have Ub he done, in the future.. It behooves us, there fore, to provide at once the best means .. to meet the emergency when it arises,, and the best means are those whlcfc . are the most certain and economical Those now authorized have the virtue neither of directness nor economy. We have already eliminated one of th'e causes of our financial plight and em- . barrassrment during the year 1893, 1894,; 1895 and 1896. Our receipts now equal our expenditures; deficient revenues no longer create alarm. Let us remove" the only remaining cause by conferr ing the full and necessary power on the secretary of the treasury and impose upon him the duty to uphold-the pres ent gold standard and preserve the coins of the two metaHs on a parity, with each other, which is the repeatedly declared policy of the Uniited States. . "In this connection I repeat my for mer recommendations that a portion of the gold holdings shaCl be place in a trust fund from which greenbacks snail be redeemed upon presentation, but when once redeemed shall not thereafter be paid out except for gold." TO STRENGTHEN OUR MERCHANT MARINE. " The strengthening of an American, merchant marine fs suggested. There Is no lack of constitutional authority " for legislation which shall give to the country maritime strength commen surate with its industral achievements, and with its rank among nations of the earth. The President is satisfied the Judgment of the country favors the policy of aid to our mere han't marine., TRUSTS AND COMBINES. . eniv claim tine attention or the con- greens. - I ne Industrial commission, created! by the act of the congress of June 151 1898, has been engaged to extended hearings upon the disputed questions Involved in the subject of combinations', in restraint of trade and competition. . They have not yet completed their in- vestlgatlon of this subject, and the; ! conclusions .and recommendations at. which they may arrive are undeter . mined. "The subject ts one giving rise to many divergent views as to the nature , vaietv or use and extent of the h (Continued on Second Page.)
The Wilmington Messenger (Wilmington, N.C.)
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Dec. 6, 1899, edition 1
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