Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1901-12-03
PRESIDENT MESSAGE
CONTINUED from page one.


~thereWith all FORMS or money medium IN
useswith u.s. has been shown to be timely
and sJudicious. The priceaof our govern
ment bonds In the worlds market when
compared with the price OF similar obli-
cations issued by other nations is a fiat
sferlng tribute to our public credit" This
condition It Is evidently desirable to main
tain .l&t f# y.
I'm many. respects the national banking
law furnishes sufficient liberty for the
proper exercise of the banking function
but there seems to be need Of better safe
guards against the %deranging influence of
commercial crises n financial panics.
moreover the currency of the country
should be made responsive to the demands
OF our domestic trade and commerce.
The collections from duties on imports
and internal taxes continue to exceed the
ordinary expenditures Of the government,
thanks mainly to the reduced army, ex-
pendltures. The utmost care should be
taken not to reduce the revenues SO that
2 there Will be any possibility of a deficit,
but after providing against any such con-
tingency means should be adopted which
will bring the avenues more nearly with
IN the limit of our actual needs. In his re-
port to the congress the secretary of the
treasury considers all these questions at
length, and I ask your attention to the re-
port and recommendations. -
E3sI call special attention, to the need of
: strict economy in expenditures. The fact
that. our national needs forbid us to be
niggardly in providing whatever Is actu-
ally necessary to our we'll being should
make us doubly careful to husband our
national resources as each of us husbands
his private resources by scrupulous avoid
anceT of anything like wasteful or reckless
expenditure. Only by avoidance of spend
ing money on what is needless or u%njusti-
fable can re legitimately keep our in
come to the point required to meet our
needs that are genuine. (
The Interstate Commerce Law.
In 1887 a measure was enacted for the
regulation of interstate railways. COM
monty known as the interstate
act. The cardinal provisions of that act
were that railway rates should be just
and reasonable and that all shippers. To-
calities and commodities should be ac-
corded equal treatment. A commission
was created and endowed with what were
supposed to be the necessary powers to
execute the provisions of this act.
That law was largely an experiment.
Experience has shown, the wisdom of its
purposes. but has also shown possibly
that some of Its requirements are wrong.
certainly hat the means devised for the
enforcement of its provisions are defec-
tive. Those who complain of the manage
ment of the railways allege that estab-
lished rates are not maintained, that re-
bates and similar devices are habitually
resorted to, that these preferences are
usually in favor of the large shipper. that
they drive out of business the smaller
competitor, that while many rates are too
low many others are excessive n that
gross preferences are made affecting both
localities and commodities. ) Upon the 9TH
er hand. the railways assert that the law
by its very terms tends to produce many
of these illegal practices by depriving car
riers Of that right of concerted action
which they claim is necessary to estab-
lish and maintain nondiscriminating rates.
The act should be amended. The rail-
way is a public servant. It's rates should
be Just to andaopen to all shippers alike.
The government should see to it that
within it's jurisdiction his is so and
should provide a speedy. inexpensive and
effective remedy to that end. At the same
time it must not be forgotten that our
railways are the arteries through which
the commercial lifeblood of this nation
flows. Nothing could be more foolish than
the enactment of legislation which would
unnecessarily interfere with the develop
ment and operation Of these commercial
agencies. The subject is one of great i'm
portance and calls for the earnest atten-
ton of the congress.
' Is " Agriculture.
The departments of agriculture during
The past fifteen years has steadily broad
ened Its work on economic lines and
has accomplished results of real value in
upbuilding domestic and. foreign trade.
It has COR into new fields until it is now
In touch with all sections OF our country
n with two Of the island groups, that
have lately come under our Jurisdiction,
whose people, must look to agriculture as
d livelihood. 1t is searching the world for
prQ ms - Ccnc fr1ySfSt ur1 W. oafo h1oc cna-
cially fitted for Introduction into locali-
ties in the several states and territories
where they ma add materially to our re-
tsources. BY scientific attention to soil sur
vey and possible new crops. to breeding Of
sew varieties Of plants, to experimental
shipments, to animal industry and applied
chemistry, very practical aid has been
given our farming n stock growing In
terests. The products of the farm have
taken an unprecedented place In our ex-
: port trade. during the year that has just
closed. re - ,=.r"@ E.
Protection of Forest Reserves.
Public opinion throughout the United
States has moved steadily toward a just
appreciation OF the value OF forests,
h great part played by them in. the ere.
alton; and maintenance Of the ~nationa.
"A wealth Is now more fully realized than
D ever before. l& . *1T-
Wise forest protection does not mean
the withdrawal Of forest resources,
whether Of woods water or grass. from
contributing their full share to the well
81 fare of the people. but, on the contrary,
gives the assurance Of larger and more
certain supplies. The fundamental idea
of forestry is the perpetuation of forests
by use. Forest protection Is not an end
OF itself: 1t ise a means to increase and
sustain the resources of our country and
the Industries which depend upon them
Ehe preservation of our forests Is an I'M
perative business necessity. We have
come to see clearly that whatever de-
stroys the forest except to make way for
4 agriculture threntens our well being,
The practical usefulness of the national
forest reserves to the mining. grazing, ir-
rigation and other interests OF the regions
in which the reserves lie has led to, a
widespread demand by the people of the
west for their protection and extension,
The forest reserves will inevitably be OF
still greater use In the future than in the
past. Additions should be made to them
whenever practicable. n their useful
ness should be Increased by a thoroughly
businessiike management &S%
AT present the protection Of the forest
reserves rests with the general land office,
the mapping and description of their tim
Der with the United States geological sur
e and9the preparationIof plans for their