Morning Oregonian., December 05, 1900, Page 2, Image 2

THE MORNING QREGONIAN, WEDNESDAY. ECBMBER 5, 1900.
NATION'S FINANCES
Annual Report of Secretary
of the Treasury.
IT WAS SENT-TO" CONGRESS
Flonrlaliins Condition of the Rf
err
-Cffect of the ?ferr Banlc-
lnsr La vr Loans and Curren
cy Internal Reveaae.
"WASHINGTON, Dec. 4. The annual re
port of the Secretary of the Treasury
was submitted to Congress today. It fol
lows: "
The revenues of the Government from,
all sources (by -warrants) for the fiscal
year ended June 30, 1S0O; were:
Internal Tevenue $293,227,926 7ff
Customs - 233,164;S7ia6
Profits on coinage, bullion de
posits, etc .... 9,392,374 09
District of Columbia 4,003,722 77
Fees Consular, letters patent
and land ...., 3,201.71C C8
Sales of public lands 2,836,852 US
Tax on National banks 1,93S,554 Otf
Navy pension. Navy hospital,
clothing and deposit funds.. 1.621,65$ 52
Bales of Indians lands , 1,3S4,6C3 iS
Payment of Interest by Pa-
cifice railways 1,173,466
Miscellaneous 997,375 68
Sales of Government property 779.E22 78
Customs fees, fines, penal
ties, etc 675,706 95
Tmmierant fund 537,404 81
Deposits for surveying public
lands 2734719
Sales of ordnance material.... 257,285 56
Soldiers' Home, permanent
fund 247,926 62
Tax on seal skins, and rent
of seal islands 225,676 47
License fees, Territory of i
Alaska ' 157,-534 94
Trust funds. Department, df
State 152.794 56
Depredations on public land?.. 76,307 58
Spanish Indemnity 57,000 09
Bales of lands and buildings.. 3,842,737 &
Part payment Central Pacific
Railroad indebtedness, 3,338,016 49
Dividend received for account
Kansas Pacific Hallway 821,897 70
Postal service 102,354,579 29
Total receipts $669.595,431 18
The expenditures fox the. same period
were: '
Civil establishments, Including
foreign intercourse, public
buildings, collecting the rev
enues. District of Columbia
and ofher miscellaneous ex
penses , $ 98,512,411 37
Military establishment, includ
ing rivers and harbors, forts,
arsenals, seacoast defenses
and expenses of the war with
Spain and in Philippines.... 134,774,767 78
Naval establishment, including
construction of new ves
sels, machinery, armament,
equipment, improvement at
navy-yards and expenses of
war with. Spain and in the
Philippines , 55,953.077 72
Indian service 10,175,106 76
Pensions 104.877,316 03
Interest on public debt 40,160,333 27
Deficiency in postal revenues. 7,230,778 79
Postal service .v 102,354,579 29
Total expenditures ,,J590,OCS,371 00
Surplus $ 79,527,000 18
The revenues of the Government for
the current fiscal year are thus estimated
upon the basis of exlstinc laws:'
From customs 5245,000.000 00
From internal revenue 300,000,000 00
From miscellaneous sources... 35,030,000 00
From postal service ............. 107.773,253 22
Total estimated revenues.. ..5SS7,773,!53 92
The expenditures for the same period
are estimated as follows:
Civil establishment 5115.000,000 00
Military establishment 140,000,000 00
Naval establishment 00.000,000 00
Indian service 11.000 000 00
Pensions I42,OO0:O00 00
Interest on public debt. 32,000.000 00
Postal service 107.723,253 92
Toal .". 5W7.773.253 92
Or a surplus of 5 80,000,000 00
It Is estimated that upon the basis of
existing laws the rovenues of the Gov
ernment for the fiscal year 1902 will be:
From customs 5255,000.000 00
From Internal revenue 310,000,000 00
From miscellaneous sources... 35,000,000 00
From postal sen Ice 116,033,042 00
Total estimated revenues.. ..5716,633,042 00
Operations of the Treasury.
Tho Treasurer calls attention to the
marked irregularity in the receipts and
expenditures, pointing out that while in
July, 1899, there was a deficiency of 5S.506,
S32 28. in June, 1900, a surplus of 517,895.
158 86 was realized. The greatest differ
ence between Income and outgo on any
one day was 54.047,396 05 In favor of the
Treasury. The corresponding maximum
deficiency was 52.31S.621 42. In the face
of such wide fluctuations the necessity
for ample available reserves Is apparent
and the Treasurer names 550,000,000 as a
proper sum to keep in the Government
vaults.
Promptly on the passage of the act of
March 14, 1900. there were transferred to
the divisions of issue and redemption the
records and accounts relating to the is
sue and redemption of the Government
notes and certificates. Up to October 1
tho total redepmtlons in gold from the
new reserve fund of 5150,000,000 were 522.
C30.S54 in United States notes and 53,594.
708 In Treasury notes. The sums drawn
from the resene hae been daily re
stored from the gold In the ereneral fund.
Exclusive of that reserve, the assets and
labilities of the new divisions were 5723.
OG2.2S3 on the day of their creation. 5723,
544,179 on June 30, and 5740,965,679 on No
vember 1.
Comparison of the state of the Treas
ury shows an Increase of 524.8S7.093 S9 in
the available cash balance, exclusive of
the reserve of 5150,000,000, for the year.
The cash actually In the vaults of the
Treasury, as distinguished from the de
posits in banks and other assets not con
sisting of money. Jncreaed by 5S.621.39S 14.
The most notable Increase was in the
smaller denominations of paper currency,
which are in demand for moving the
crops. Of these, the Treasury held 514,
062.172 more than last year. The excess
f assets over current liabilities was, on
June 30, 549.723,017 60 In 1899, and 550.S27.
0176 in 1900.
As the resources of the Treasury be
came greater than its immediate needs,
s. series of measures were adopted for
restoring the surplus to the uses of busi
ness. After September IS. 1899. Interest
due October 1 was paid In advance of ma
turity to the amount" of $3,203,027. From
October 10, In like manner, anticipation
was made of 5916.0S8 61, duo November 1.
and after December 15. of 53.39S.504 50, due
January 1. An offer made on October 10
to prepay all Interest accruing to July
2, 1900, at a rebate of two-tenths of
1 per cent a month, was accepted to, the
amount of 52.229.191 S5, on which the re
bate was 521.101 78. On N6vember 15. a
proposal was made to purchase 525,000.
00Q of the 4 anti 5 per cent bonds due in
1904 and 1907 at a fixed price. This was
responded to by offers to the amount of
$19.S00.650 ot principal, xn which the 'pre
mium was 52.373.502 40. Notice was given
May. 18. 1900. for the payment of the
525.o64.500 outstanding. 2. per cent bonds
redeemable at the option of the Govern
, ment and by November 1 all but 52.255.
000 of them were retired. The conver
sion of threes, fours and fives Into tho
new 2 per cent consols of 1930, provided
lor by the act of March 14. 1900. amounted
by June 30 to 5307,125,350 of principal, and
by November 1 to 4345,530,750. To the
latter date payment for excess of value
2-as made out of the Treasury fors534,-
338,342 44. and the net saving to the Gov
ernment was $8,6S5,018.
The authority to increase the Issue of
subsidiary 'silver coin to 5100,000,000, which
was .granted, by the act of March 14, 1900,
has been a convenience both to the
Treasury and Xo the people. The De
partment, through the Mint, has been
enabled to supply all demands for them,
and their circulation increased by Oc
tober 1, 1S00, to 579,432,193.
National Banks.
During the existence of the national
banking system, 5477 national banking as
sociations have been organized, of -which
12S7 h?ve been placed In voluntary liquid
ation by the shareholders, and 374, which
failed. In -charge of receivers, leaving
3S16 banks In active operation at the
close of the year ended June 30, 1900. De
ducting the 43 banks placid In voluntary
liquidation and 9 in charge of receivers
the latter lricludlng three previously re
ported In voluntary liquidation), there
was a net Increase in active banks of
227 durinsr the fiscal year.
The net Increase during the year of na
tional bank capital was 519,631.850, the to
tal authorized stock of all banks on June
30 being f627.503.095.
"The distribution by geographical divi
sions, of banks organized during the fis
cal year, wlth their capital, is shown In
the following table:
No. of
Geographical divisions, banks. Capital.
New England States 8 5 525,00)
Eastern States 65 JCO.OOO
Southern States 48 4720,000
Middle States 87 4.425,000
Western States 63 2,165.000
Pacific States 5 250,000
The outstanding circulation of the
banks increased 68,280,572 that is, from
5241,350.871 on June 30, 1899, to 5309,640.443
on June 30, 1900. Of the amount on the
latter date, 5274,115,552 -was secured by
bonds and. 535,524,891 by deposits of law
ful money with the Treasurer of the
United States, on account of liquidating
and Insolvent associations, and those re
ducing circulation.
Since the new liw. went Into effect.
Ifantl covering the period from March 14
to October 31, 1900, the Controller of the
Currency has approved 509 applications
to organize national banks, of which 382
were for banks with capital of less than j to time or for payment when doe. '
550?0, and 127 with capital of 550,000 or J Tt will, of course, -remain opea for the ,
more. Eighty of the applications were department to resume refunding, should
from state banks proposed to bo con- the interests of the Government and the
verted under the provisions of section ' general conditions of finance make such
5154 of the revised statutes; 173 from a course desirable.
state or private banks proposed to liquid- From the estimates of receipts and x
ate for the purpose qf reorganization un- pendltures for the fiscal year 1902 there
aer me national Danrang law, ana 256
from those contemplating primary organ
lzations.
There has been a growth In national
bank note clrculatl6n, from March 14 to
October 31, of 577,557,038. This increase
is probably no more than suflwlent. to
keep, pace with expanding trade. Under
existing law, national banks are entitled
sys-s.-?! T
.vU.,vv,uvu. iucic ia av iincuuuuu UiO.1
this privilege will be availed of to the
fullest extent Tho antecedent require
ment for the purchase and deposit of
.United States bonds acts through ad
vance in price under increased demand to
check automatically undue expansion of
note issues. It may be here $otedthaf
with the 2 per cent bonds at the pres
ent market price the net advantage of a
bink in taking out circulation is one and
five-hundredths of 1 per cent per annum,
as figured by the actuary In this depart
ment. Tho advantages to banks In tak
ing circulation under the law. based
upon other bond Issues, are found to be
as follows:
On 5 ptr cent bonds of 1904. a loss of
substantially one-half of 1 per cent
On 4 per cent bonds of 1907. a profit of
substantially twerve-hundredths Of 1 per
cent
On 3 per cent bonds of 190S. a profit ot
about three-tenths of 1 per cent
On, A psr cent bonds of 1925. a profit of
about nfteen-hundredths of 1 per cent
These 41gures show clearly enough that
our currency system, under which the
volume of circulating medium is, more re
sponsive to the market price of govern
ment bonds than to the requirements of
trade and industry, is not yet satisfac
tory. Loans anil Currency.
The interest-bearing debt Julr -L 1900.
included unmatured United States bond3
outstanding amounting to
51.023,443,390. j
there havmg been a reduction since July
1. 1899. of 522 567.50. This was "brought
about by the purchase, under announce- , past season by an agent of the Fish
ment of the Secretary of the Treasury, on j Commission, who had had previous expe
November 15, 1899. of 4 per cent bonds. ! rlence on the seal islands. He reports
funded loan of 1907. amounting to 14.310.- , a decrease in the seal life on the rook
350, and 5 per cent bonds, lean of 1904, in eries as compared with former years,
the amount of 54,990,800. There were also . This Is shown by actual - counts each
redeemed, under the Secretary's call of 'vear of the vountr seals born on certain
May IS, 1900, United States bonds of the
iunuea loan ot irai, continued at 2 per
cent In the amount of 53.3S4.650. The to-
tal reduction in these three loans up to
July 1. 1900. was 522.6S5.300. but the net
reduction, as stated above, was 522.567,530.
there having been issued during the fiscal
voar 3 her rent hnnrf innn f vkioi!
.n,n.ntin, tin. a cn i i
amounting io jiw.yiu, ana 3ta0 in 4 per
cent bonds, funded loan of 1907. in conver
sion of refunding, certificates, of which
51490 were issued in payment of accrued
interest on said certificates.
Internal Revenue.
The receipts from the several objects
of taxation under the internal revenue
laws for the fiscal jears ended June 30.
1899 and 1900, were as follows:
RECEIPTS FROM INTERNAL
OBJECTS OF TAXATION
Distilled spirits ,
Manufactured tobacco
Fermented liquors
Oleomargarine
Filled clieese ,
Mixed flour
Special taxes not elsewhere enumer
ated
5 99.2S3.534 16;
Legacies and distributive shares of
personal property
Schedules A and B....
Banks, bankers, etc
Miscellaneous collections
Totals JJ273.4S4.573 44(5293,316,107 57I521.S3L534 13
Eichnnce of Bonds.
Up to and including November 15, 1900.
there were received for exchange 5352,-
083,450 of the three classes of bonds in
question, and an equal amount of the 2
per cent 30-year bonds issued in their
place. The saMng in interest the prem-
ium paid, and the net saving resulting
from refunding operations up to and In-
ciuaing Movember at. iww, are set zortn
in the following table:
CLASS OF BONDS.
Ioan of 190S-191S (3 per cent). ...
Funded loan of 1907 (4 per cent).
Loan of 1904 (5 per cent)
Total
Note. The "saving in interest" Is computed upon average dates of redemption
and may differ slightly from the actual saving.
For a better understanding of the above
tabulation It may be wll to explain that
by the payment of 534,922.006. future pay
ments or interest which would have
amounted to 543,750,058. have been antici
pated, with a net and final saving ot the
difference, 58,S2S,052.
Another effect of the operation is to re
duce the charge upon the Treasury for
the payment of Interest from the dates of
refunding to February 1. 1904, by the sum
of about 57.000,000 annually. From Feb-
ruary 1. 1901, to July 1. 1907. the annual
interest charge will be reduced by the
sum of about 55.000.Q0O, and for the 13
months ending August 1, 190S. by about
5LOO0.OQ0
Of the 5352.0S3.450 bonds surrendered for
exchange. 5244.046,150 were heldby the
Treasurer of the United States as secur
ity for circulation or public deposits In
.national banks,. The remaining 5105,037,300
bonds were Surrendered byv Individuals
and institutions other than national
banks, but a considerable proportion of
the 2 per cent bonds Issued in their place
were eventually sold to national banking
institutions and are now lodged with the
Treasurer of the United States. The
amount held November 15, 1900, as secur
ity for circulating notes of national banks
was 5272,779,100, and the amount held as
security for public deposits In national
bank depositaries was 552.565,350.
As a result there were left outstanding
on November 15, 1900, of bonds admitted
to the privilege of refunding by the act
of March 14, the following:
Of the 5 per cent loan of 1904.. ..5 34,932,050
Of the 4 per cent loan of 1907.... 333;125.T0O
Of the 3 per cent loan of 190S-1S. 119,005,740
Total 54S7.056.490
On November 21 the Secretary gave
public notice that refunding would be
indefinitely suspended at the close of
business on December 31. 1900. The con
siderations which induced this action
may be briefly stated:
First Nine months will have elapsed
since the passage of the refunding act.
Thus the-holders of bonds will have had
abundant opportunity to make the ex
change authorized.
Second To leave the privilege open In
definitely is simply to give a continuing
option to bondholders without any suffl
cent consideration to the Treasury.
Third It may be fairly assumed that
with this privilege discontinued at the
close of the year, refunding In the mean
time will be stimulated, and that the
total refundng to that date will approx-'
imafe 5400.000,000.
Fourth The sinking fund law contem
plates the retirement of the Interest
bearing public debt, either by payment
or purchase of substantially 530,000,000 psr
annum.
Fifth The refunding of 5400.000.000 will
leave outstanding and maturing within
the next eight years, say, 5439,000,000, or
an average of something more than 550.
000.000 per year.
The- Secretary believes that the sus-
I pension of the refunding process will put
the maturing debt under better condi
tions (the Government's Interest alone
c6nsidered) either for purchase from time
promises 'to bo an excess of receipts to
the amount of 526,000,000. It Is hardly
necessary to point out that estimates are
at best approximate.
Alaska.
Reports from the British Government
received through the Secretary of State,
Indicate that during the year 1899, 26
British vessels engaged in sealing off the
!ir kB2sssr.?a,2s
..v.j min. .t . i. nvi l i
I llUlULSUldl AV.1I1, 111WJ tVUA VJJ ocaio iti
the vicinity of the Copper Islands and
23,284 In Behrlng Sea, and secured 892 skins
taken by the native. Indians of Alaska,
making a total catch of 35,346 seals at
?a yZ rVr m. u -Jl numDfT
Th0 JS.P c2!
were females. The total catch of the
British sealing fleet, comprising 35 ves
sels, during the year 1S9S. nas 28,552.
The reofcnue derived by the Government
from the seal islands paid by the lessees
under the terms of their contract dated
May L 1890. as interpreted by the Supreme
Court- has amounted since that date to
51.626,783 52. apportioned to the several
years' operations as follows:
Year. Amount) Year. Amount
1S91 5214.673 SSI1S96 5153.375 00
1892 46,749 2311897 306.750 00
1893 23.972 0lS9S 212,332 35
1894 96,159 82 1899 1S4.377 20
1895 1C3.916 97l900 224,476 47
The catch of seals on the Pribilof Isl
ands during the period covered by the
contract was as follows:
Seals
Seals
caught
Year caught- Year.'
1890 20.9351897 ....
1891 ,.12.351 1S9S .....
1892 '. 7.549 ISM ....
20,766
18,032
16,812
ft
1893 : 7,50011900 22.470
1S34 16.031
1S95 15.000 Tqtal 187,406
1896 30,000)
The agent In charge reports that the
seal life? on the Islands in 1899 was 20 per
cent less than In 1838. and attributes such
' decrease to the effect of pelagic sealing.
i The rookeries were examined during the
! rookeries, by photographs of the larger
I masses of seals, and by charts showing
j the area occupied by the herds on each
i separate rookery.
Honey Standard and Carrency.
-,. - t v, ., r -vc, n
. JJ"0" 5n t i?,ij
last ith "spect to these two Important
matters of our finances has well exempli
fied its wisdom. Confidence In the pur
pose and power of the Government to
maintain the gold standard has been
greatly strengthened. The result is that
gold flows toward the Treasury instead of
away from It At the date of this report
the free gold In the Treasury Is larger in
amount than at any former -period fn our
history. Including the 5150,000,000 reserve,
the gold in the Treasury belonging to the
REVENUE, 1899 AND LtOO.
Fiscal year ended
June 30.
Increase.
Decrease.
1899.
1900.
J109.8CS.S17 IS S10.5S5.2S3 02
62.49.V207 61
59,355.054 27J 6.MJ1.S76 63
6S,644,55S 45
1.956.61S 56
73,550,754 49, 4,903,196 04
ti rc- ic cr tec
2,543,753 IS
5S7.166 62
1S.09S42
17.054 4S,
7,439 46
51.033 94
40116
403,032 36
7.S40 62
4,921,593 21
4,515,6(0 85
1.233.435 25
2.SS4.491 53?
40,954.365 30
1,460 50
1,607,204 31
1.649.036 30
""L60S0
43.837,813 66'
.2.873.453 36
'iiois.ses'Vi
521.335,54
1 Government amounts to over 5242,000,000.
I while the Treasury holds, besides, more
. than 5230-.O0O.O00. against which certificates
' have been issued.
That provision of the act which liber
alized the conditions of banknote issue J
was also wise and tlmtfy. Under It, as
( previously shown In thlsTeport, there has
j been an increase of some 577,000,000 in,
banknote issues. To this fact may he
chiefly attributed the freedom from stress
S.S
3
S-c-
02
S3
65
"23
: c
:3
5 79.7S3.90,J 6,590.070;
5 4.499.033
52.031.015
212,221,900 30,458,364
60,077.6501 6.701,624
24.545.744
6,912,630
824,417
5,77,207
S352,0S3.45O543,7501O3S
534.922.000!
5S.S28.052
for currency tb handle the large harvests
' of cotton, wheat and corn. In this re-
spect the year has been an exception to
the general rule of stringency which for
several years has so plainly marked the
Autumn season. ,
Nevertheless, the measures referred to-
prolific as they have been in good results. I
iu jci neea re-eniorcement in some im
portant particular. Thus, as to the re
demption fund provided for In said act.
j while ihe powers conferred upon the Sec
retary ens probably ample to enable a
zealous and watchful officer to protect
fully the gold reserve, there appears to
be lacking sufficient mandatory require
ment to furnish complete confidence in,
the continued parity, under all conditions,
between our two forms of metallic money,
silver and gold. Upon this point further
legislation may become desirable
as to tne currencj, while the Uberallz -
lng of conditions has, qs previously noted,
found response In a necessary Increase or
banknote Issues, there Is under our pres
ent system no assurance whatever that
the volume of bank currency -will be con-
jtlnuously responsive to the country's
needs, cither by expanding' as such needs
require or by contracting when super
fluous in amount. The truth is that, 'safe
and desirable,' as. Is our currency system
In many respects. It is not properly re
lated. The supply of currency Is but re
motely. If at all, influenced by the ever
changing' requirements of trade and in
dustry. It Is related most largely. If not
entirely, to the price of Government
bonds In the niarket. Between the needs
of trade and commerce for a medium of
exchange and for Instruments of credit,
which a proper banknote furnishes, And
the investment price or, value of Govern
ment, bonds, which Is at .present the mos
InflttMitlal factor in determining the cur
rency tupply, there Is. no discernible re
lation -whatever.
DOWN, TO BUSINESS.
(Continued from First P&ce.)
khe day arid 'the Senate, at 3:55 P. M.,
neia a brief executive session, after
which it adjourned.
IJT THE HOUSE.
Real "Work of That Body "Will Begin
, Today.
WASHINGTON, Dec. 4. The session of
the House today was brief. The real
:CONGRATULATIONS.TOTHE'dREGON!AN.
Portland Chamber of Commerce Sends Felicitations to Us
Owners on Its Seml-Centennisl.
PORTLAND, Or., Dec, 4, 1900. H. L. Pittock, Esq., Manager The
Oregonian, City Dear Sir: It is -with touch pleasure that the Cham
ber of Commerce extends to you and, to Mr. Scott hearty congratula-.
tions on the 60th anniversary of the first issue of your paper, The
Oreg-oqian, In this morning's issue of -which -we find an interesting
account of Its career. "We congratulate you on its splendid growth;
on its "energetic support of all measures fc-r the improvement and
prosperity of our city and state; on Its superb. appearance, and most
especially on Its commanding position among the great newspapers
and journals of the Faclflc Coast, and, indeed, of the entire country.
"We would also express our confidence that The Oregonian will
continue to stand as the champion- of the Northwest in general, and
of this city and state in particular; in watching their needs and in
terests; in urgently recommending such Congressional and other ac
tion asr.will secure the best results for their welfare; in denouncing
and assisting to remedy all abuses and violations of law and order,
and, in general, Supporting every measure tending to the prosperity
and advancement of this city and state.
We have wired today congratulations to Mr. Scott at Washing
ton, D C. With the best wishes for your continued success and that
of The Oregonian, we are, sir, yours very truly,
L N. FLEISCHNER, GEORGE TAYLOR, JR.,
Secretary. President.
work will begin tomorrow, when the
House will consider the Army reorgani
zation bill, which Hull (Rep., la.), chair
man of the coijynlttee on military affairs,
reported today. He explained tho urgent
necessity forlmmediate action upon the
measure as under the present law the
Army must be Teduced to 27,000 men July
1 next and asked unanimous consent for
the consideration of the bill tomorrow,
but Sulzer (Dem., N. Y.) objected, so
Hull introduced a resolution for a special
order for the consideration of the bill
tomorrow with provision for a vote at
the end of six hours' general debate. r
The -objection to the swearing in ot Gon-hor-
(Rep.' tb.y, thCteuccessor of "Senator
Dolllver. which 'was' raised by" Bailey
(Dem., Tex.) yesterday, -was removed to
day by the presentation of a new set of
credentials from Governor. Shaw, and
Connor took the oath." Three bills were
passed under the call of committees, the
most important one being one to provide
for the detail of not to exceed 100 retired
Army officers and '300 non-commissioned
officers as military instructors In the pub
lic schools of such cities as adopt -& sys
tem of military Instructions. The others
we're "to prevent the failure of military
justice" and to legalize an Issue of 5250,
000 of bonds by Pima County, Arizona.
The resignation of De Vries (Dem.,
Cal.). who Is now a member of the Board
of General Appraisers; was laid before
the House, as was the resignation of
Babcock (Rep., Wis ) as a member of the
committee on consular affairs.
The Speaker announced the appointment
of 'Hamilton (Rep., Mich.) as a member
of the committee on insular affairs; Over
street (Rep., Ind.) as chairman ot the
committee on expenditures in the Depart
ment of Justice, and Davis Dem.. Fla.)
and McDermott (Rep., N. J.) as mem
ber of- the committee on merchant ma
rine and fisheries.
Hull reported the Army reorganization
bilL The volunteers under the present
law. lie said, must be mustered out July
1, and every one must feel the imperative
need of providing for a new Army. Ho
asked unanimous consent that the bill
betaken up tomorrow.
"I object," eald Sulzer. "If the gentle
man desires to ddnslder the bill, he can
bring It in under the rule."
The usual resolution for the distribution
(Of the President's message was adopted,
and the House then proceeded to business
under the call of committees. The first
bill passed was one to "prevent the fail
ure of mlltlary Justice." It was explained
that Its purpose was to amend .the laws
relating to military courts-martial and
the civil trials of soldiers. Marsh (Rep.,
III.) then had passed a bill "to assist mili
tary instruction In the public schools,"
and a bill also was passed authorizing
Pima County. Arizona, to issue bonds to
the amount of 5250,000.
WORKERS FOR TEMPERANCE
Resolutions Adopted by the W. C. T.
U. Convention.
WASHINGTON, Dec 4. The Woman's
Christian Temperance Union convention
today adopted resolutions against the
army canteen, and prepared a petition to
tho President and another to Congress
and all of the great powers against the
sale of firearms and the importation of
liquor and opium Into the Philippine isl
ands or the island possessions of the
other powers addressed. The petition to
the President pointed out that it has
been the policy of America to forbid the
,sale of Intoxicants to Indian tribes, and
maijingiana, wno naa tne greatest ex-
f.perlence among all of the colonizing
powers of the world, had been forced to
adopt a prohibition policy in her colonies
in Africa and elsewhere. The convention
therefore asks that the President either
through the War Department or the
Philippine Commission, shall extend tho
prohibiten law of Indian Territory so as
to take in the Philippines. A petition
to the Senate urges the ratification of
the pending treaty for the protection of
Central Africa against Intoxicants. A
petition also was drawn to Great Britain,
France, Spain. Holland, Belgium, Sweden,
Norway. Denmark Hungary, Greece,
Russia. Turkey, Persia and Japan, ask
ing for an international treaty that will
forbid the sale of Intoxicants, opium and
firearms in all islands and other regions
inhabited chiefly by aboriginal tribes.
Dally TJccaunry Statement.
WASHINGTON, Dec. 4. Today's state
ment of the Treasury balances shows:
'Available cash balances 5137.037.403
PGbld reserve 94.615.573
Or.
Sanford's Liver Iavlsreratar.
1H.. W. T l-..Ujb1!.l. A O.-.t.VI. r-.... ..
Lirr ilto; BlliousneM. indixtaUon. coMttpuoa,
PRESIDENT'S MESSAGE
SOME OF THE COMMENT OF THE
FOREIGN PRESS.
Ensliak Fajper Hefer to Chlaese
Policy aai the Canl-rAOTIeTTe
la France.
LONDON, Dec. i.-JComment on PicsJ
dent McKlnley's message to Congress Is
chiefly devoted to Ihe references to Amer
ica's Chinese policy. Leading papers ex
press themselves as follows:
Dally Graphic The policy of the United
States regarding Chlha is not heroic but
it Is certainly practical, and there Is am
ple reason to believe that It will prer
vail.
The Times The message makes it clear
that on the vital point ef Insisting upon
punidhmeni for the outrages. Mr. McKln
ley remains firm. We. are glad to see
that on the subject of guarantees for
Christian converts tlie President makes
a new proposal in advance of any put
forvaxd elsewhere. In regard to the in
demnity question he la In agreement with
some of the best opinion in .England.
Dally News The message contains noth
ing jjew and ncfchlng very Illuminating on
matters that are old. It will be very
cloBcly scanned for lis references, to Chi
na. It Iook3 as though the American
formula were that the powers are to specl
x the culprits and the Chinese Govern
ment is to specify the punishment. On
such terms a speedy settlement would
undoubtedly be possible, but would It be
effective?
The Standard -The excessive anxiety to
re-establish trade with China is perhaps
the real explanation of some points that
have not seemed satisfactory in th ro
dent policy df the TTnitAd Staf t tui.
W ol the Standard the Washington
'Government has acted as a drag, on Eu-
.upcau uiniomacy..
JP?lly Cnrnlc!e-Cleariy the United
statfs Government is abl$ to boast of an
aggregate-of Imports and exports exceed-'
mg-two billions, and to pr&pose a rtfduc
tjon of revenue taxation to the extent
of thirty millions. The Administration has
a fair Justification even if there be no
?? obvious need for encouraging fur
ther the American mercantile marine.
Pall Mall Gazette Mercifully, not even
the conscientious Reuter has cabled the
full 15 columns of President McKinleys
message. This was wise, since no English
paper could possibly have printed It, to
the necessary exclusion from lto pages of
arsenical beer and other things that real
ly do stir the great heart of -the people.
The most Interesting section, however,
China, Is given fully, but It cannot bo
said that its length is equivalent to its
strength. s
The Globe airs the ultra-Jingoistic
opinions of which it has almwst a mo
nopoly. Taking for Us text the refer
ence to the Isthmian Canal, it declares
that Washington is "not entitled to over
ride our treaty-secured rights Ip any
paK of Central America, except with the
consent of our Goveriment. The Hay
Pauncefote compromise goes farthest in"
extreme conciliation and represents this
country's very last word, and the United
States muet either accept the proposal
as it stands, or abide by the ruling ot
the Claytoh-Bulwer treaty, however em
barrassing its provisions may be to
American Imperialism."
ReKa-rdinfir the Canal.
DONDON, Dec E. The Times, referring
to President McKlnley's allusions to
the Nicaragua CanaT, says:
"It is a fascinating scheme, but wa have
some doubt as to whether the canal would
be commercially worth cutting. The
analogy of the Suez Canal is very imper
fect The Isthmus of Suez lies along one
of the greatest trade routes, and Joins
great trading communities. It has no
rival railways. Nicaragua lacks all of
these advantages. It is rather sad to
think that such, a striking correction of
nature may fall to pay Its way, but the
objections axe serious, and they have not
yet reached all the attention they merit"
"Great Britain cannot but view .with
satisfaction the cutting of the Nicaragua
Canal," -says the Morning Post "provided
it is free to all nations and charges equal
rates in time of peace, and is treated as
part of the open sea during war. This
is the minimum of the British demand.
We trust that our neighbors will see- that
it Is Just"
BERX.IK PRESS COMMENT.
Papers Contplaln of the Coo'l Tone
Toward Germany.
BERLIN,, Dec 4. The German Foreign
Office and a section fit the press will
reserve a final expression of opinion upon
President McKlnley's message until the
full text is at hand. A Foreign Office
official said thnlght:
'The cabled abstract of the message is
top meager to Justify an expression as to
the whole, but we can only derive satis
faction from the emphasis which Presi
dent MeKinley lays upon the good rela
tions between the United States and
Germany. We are ready to meet Amer
ica half way."
Many of the papers believe they detect
a cooler tone toward Germany than
toward England and France. The Vos
slsche JZeltung says: "The tone In which
President MeKinley speaks of the Unfted
States and Germany is strikingly cooL ft
Is not to bs ignored that America's rela
tions with France and Great Britain are
expressly declared to be friendly, while
in speakipff of her relations with Ger
many the President only says that good
will prefclls- Such a difference cannot
l be without design. "Possibly an explana
tion is to be found in the allusion of the
message to the meat inspection bilL As a
high protectionist Mr. MeKinley is least
Justified In complaining of the hindrances
to- foreign Importations Into Germany."
The Berliner Neuste Nachrlchten finds
the tone of the message toward Germany
"in Important contrast with that of the
I nrmriAM. vnMMlA vlttAVt ..M .Ui. .l.
relations between the two powers con-
tlnued most cordial, while .yesterday's
message confines Itself, with Intentional
reserve, to the statement that good wIlL
prevails." .
The Boersen Zeitung, which also calls
attention to the difference in the lan
guage used with reference to France and
Graat. Britain and that used v regarding
Germany, resent the imputation that, the
meat Inspection bill is to be carried out
with discrimination against the United
States.
The Xokal Anselger which complains
of the "singularly cool lone "of the mes
sage toward Germany," says: "President
MeKinley apparently tried to place at the
front the questions In which" the political'
and business interests of the two na
tions clash. His discussion of the, -commercial
treaties goes to the length, of sug
gesting reprisal."
The Fresslnnlgo' "Zeitung Interprets, tho
"reprisal passage" as -dlrectedV against
Germany. The press generally point out
that President McKlnley's discussion of
tho Chinese question presents no new
matter and "no surprise.
The Frerich," Yfeir.
PARIS, Dec 4. The Journal des De
bats says: "We cannot complain of thft
manner in which President MeKinley ex
pressed himself on Franco-American re
lations. We are certainly not alone in
being well treated in the message, but
we head tho list and this flattering po
sition, which Is evidently Intentional,
shows that as much cordiality and co
quetry Is displayed la Washington's
country as 4n Lafajette's in cultivating
traditional good relations."
The Journal des Debats, however, is
displeased at the Chinese "references, and
on this subject says: 'The message con
firms what has been believed for some
days past that the United States will
fall the Western world In the present
Igr&ve circumstances when it should have
been one of Its principal pillars, ol
strength." . . ,
.FRUSTRATED BY KAISER.
Kraeer'i .Mission, io Enrope Proves
a. Fallnre.
BERLIN, Dec 24. The government's
curt and decisive Intimation that Emperor
William would not be able to receive Mr.
TCruger has created a profound impres
sion throughout Germany. What may be
called the anti-British section of the press
does not conceal its annoyance, and th"b
moderate AngIop"hobe organs, witlfdif-.
Acuity suppress, their utterances of dis
appointment. The inspired journals say that it was
Germany's desire to Intimate definitely
that Mr. Krugers visit would not be wel
come, and, therefore, the fact that he
omitted to comply withf the strict eti
quette of the German court, and deferred
asking Emperor William for an audience
until he had reached the Belgo-German
frontier, was eacerly seized as a reason
for denying him such. an audience.
Mr. Kruger's reception at Cologne was
exceedingly enthusiastic, as far as the
citizens were concerned. They had
planned a torchlight procession, and ser
enades, but the police forbade them both.
Diplomats generally regard Mr. Kru
ger's mission as frustrated, and it is ru
mored that Germany's action Is of great
political Importance as denoting a new
era in the relations between Germany
and Great Britain. On the other hand,
the government's attitude is certainly
condemned" by a large portion of' the
nation, and there can be no question that
a vast majority of the representative
journals throughout the empire remain
pro-Kruger. Yesterday, even the court
preacher, Dr. Kritlnger, in the new cathe
dral, delivered a discourse filled with sen
timents strongly favoring the Boer cause.
According to the Frankfurter Zeitung,
Emperor William not only informed Mr.
Kruger that he was unable to receive
him, but expressed the wish that the Boer
statesman wouldi avoid Berlin at present
Dispatcfies 'from Cologne 'describe Mr.
Kriger" as very wearyL He "keeps his
room for rest and Is' un5bleto resist the
Gerrffiyi "cold. The crowd that demonr 1
strated before the British consulate in
Cologne tried to tear down the sign.
Anglophobia at Cologne.
COLOGNE, Dec 4. An Anglophobe
demonstration took place today in front
of the British consulate here. Mounted
police dispersed the rioters and arrested
the leaders. Serenades and ovations of
Mr. Kruger planned by various societies
have been forbidden in the Interests of
public safety.
BOER WAR NEARMT ENDED.
Consnl-General Stoire Gives It Only
Four Months More.
LONDON. Dec 4. James G. Stowe. the
United States -Consul-General at Cape
Town, landed at Southampton today In
the identical coat worn when the Boers
held up his train while he was on his
way to Pretoria on a special mission. A
bullet hole In the collar of his coat tes
tified to the narrowness of his escape,
Mr. Stowe likened the guerrilla warfare
In South Africa to the closing scenes of
the Civil War in the United States. Mr.
Stowe said:
"I give the war In South Africa, four
months to come to an end. In my opin
ion, It Is bound to be snuffed during that
period. I do not believe Lord Kitchener
will do much more than any other Gen
eral. The present plan of the British
campaign is bound to bring about the re
sult! Moreover, there are 16,000 Boer pris
oners in Ceylon, St Helena and. Cape
Town, all of whom are anxious to have
an end, of hostilities. Shortly before I
left. Christian Botha, a cousin of Louis
Botha, got up a petition among his fellow-prisoners
at Cape Town, urging tho
Commandant-General to make peace. A
majority signed tho petition, which un
doubtedly represented the aggregate opin
ion of the Boer prisoners. All this talk,
about burning farms is buncombe. Thp
only farms which are destroyed are farms
from which shots are fired at the British
or those which "are obviously used to shel
ter the Bpers."
Mr Stowe went on to relate several In
stances where the British had good ex
cuses for burning farms. t.hut refrained.
He said he did not believe the rumors of
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sedition in Cape Colony would result in
much. Splendid commercial opportunities
are being opened -up in South Africa, said
Mr. Stowe, "of which the United States la
only Just beginning to take advantage.
As soon as the fighting Is over South
Africa will be one of the best markets la
the world, a market where the British,
themselves admit that we are already out
stripping them."
Boers Headed Off.
LONDON, Dec 4. General Kltchenes
reports from South Africa that tho
mounted troops of General Knox were
engaged all day Sunday, with, part of
General Dewet's forces, north ot Beth
ulle. The Boers, he added, were headed
off and, retired In a northeasterly direc
tion. Body Cni. In Pieces.
"PARIS, Dec 4. A package containing
the severed head, the arms and legs o
a young man have been discovered in
waste ground in the Rue de Platlers at
Belleville, and another package, contain
ing a disemboweled and otherwise mu
tilated trunk was fqund in a gateway on
the Rur Du Faubourg St Denis, a mile
and "a half distant. ' ""
The first package was deposited lata
last night by six men, who were seen
from" a dwelling-house opposite. Tha
crime has 'caused a Threat sensation.
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