The county record. [volume] (Kingstree, S.C.) 1885-1975, 1901-12-05


own interests.
The natural mine Of Development 70"
q policy Of reciprocity VII - N CO..
nenticn with those 0! OF" D"oa%r..@.i'
which TO iongc: require q. c. t-H So
port once needed 10 csi2o..%2 '..r!ii
upon Z sound bass. All witl tH&&t
others where e!tGyr because c. ni'~'.t
or of economic caus,s We are brJoad
the reach Of successful competition.
4 ask the attention Of the Senate 10
the reciprocity treaties LAID DeioTe u
by ny predecessor.
Merchant Marine.
The condition OF the American 2er-
chant marine is such as 20 call Tor m
mediate remedial action By the Coa-
xress. II IS discreiitaSle to US as Nl-
tion that our merchant marine saodlu
be utterly insignificant in comparison
to that of other nations which We
pyertoo in other forms CT business. we
should not longer submit to coAaitIcAs
under which only trid!ns portion VI
cur great commerce is carried on our
own ships. To remedy TINS STATE -,
things would rot merely serve 10 oahu
uu our shipping interests, but II "'t.-t
also result in benefit to all who are II
+ercsted in the permanent estao!'sA-
ment Of a wider market for American
products, and would provide an auN-
, ;Ijarv force for the Navy. SHIPS "o:h
for their own countries just as i&d-
ro,ds work for their terminal po!n,S'
Shipping lines. if established 10 tne
orincipal countries with when VIC
have dealings, would be OF political as
wall ss commercial benefit. From every
st,ndpoirt il il unwise for the Uhted
States to continue to rely upon t.e
ships of competing nations for the US
tribution of our goods. It should Dc
made advantageous 10 carry aHlot 'l'H
goods in AmerlCan-built sh!ps. :.
At present American salpp'Ns .
u2der certain great disaavan1a!, 5
. when put in competition with the SAiP-
ming Of foreign countries. Many o. tao
fast foreign steamships. at q sp"eI VI
rorrteen knots or above, are s@pS'-
diged; and all our ships. sailing FeSse's
md steamers alike. cargo carries Oh
slow speed and mail carriers OF his1
unead have TO meet the fact that inc
original cost OF building American
srirs Is greater than IS the ciso
abroad: that the wages pa.a amer t"'h
officers and seamen arc very fnuca
higher than those paid the of!cers ana
yeomen of foreign competing cocntr!eS'
and that the standard Of living on our
sbins is far superior to the stancara
- 1;y,no n, thn ships OF our CONNER
eial rivals.
Our Government should take such
acton as will remedy these lnequa'i-
4iss. The American merchant marine
should be restored to the ocean.
The Gold Standard.
The Act of March Il. 1900. intended
uneouiyocally to establish gold as the
standard money and to maintain u a
narity Herewith all forms Of money
medium In use with Us. has been SHOWN
10 Ire fticrya-ahG ps.i.e
of oar Government bends In the worlds
market, when compared with the price
of similar Civilizations issued by other
nations. is flat,ering tribute to our
publie credit. This condition 1t is evil
IDENTIFY desirable to maintain.
In many respects the National Bank
ing Law furnishes sufficient liberty for
the proper exercise OF the banking
function; but there seems to be need
of better safeguards against the de-
ranging influence Of commercial crises
and financial panics. Moreover, the
currency of the country should oe
maAe responsive to the demands OF our
5o-aes,ic trade and connercve.
Trs collections from duties on i'm
NO. and internal taxes continue to
,>,,ej the ordinary expenditures OF
Ire Government. thanks mainly to 'he |
,r2s.si army expenditures. The Ut
r~n.;. care should lie taken not to re-
yir,c the revenues 90 that there will DC
.oy possibility Of dedcit; but. after
r-u-. ding against any such continGeA- /
~, means should he adopted wa'ch /
wi. b-ipi the re&cnCes more nearly |
E;:;n!a the limit of our actual neeiS. in |
MS ,cport 10 the Congress the Secre-
.ary OF TIE Treasury considers all :hese |
questions at lenCth. and ask your at |
tensisn to the report and recommen-
dat ions.
I call strict attention to the need OF !
s!T.ct economy in eXpenditures.T The fact |
tk,. our national needs forbid US to te |
ni9gardly in providing whatever is ac-
nally necessary TO our well-belng, |
;huuld make US doubly careful to nus
,a-d our national resources. as each |
u Us husbands his private resources, |
,y gcrupulous avoidance OF anything |
like reckless or wasteful expenditure. |
only by avoidance spending money |
ON what is needless or unjustfable can |
VIC icgitimately -eep our income to the |
roi?, required to meet our needs that |
arc genuine.
interstate Commerce.
IN 1887 a measure was enacted Tor
the, regulation of interstate railways, |
commonly known as the Interstate |
Commerce Act. The cardinal provls- |
iors Of that act were that railway |
ratrs should be just and reasonable |
aaa that all shippers, localities. and
commodities should be accorded equal
treatment. A commission was crea:ed
and endowed with what were supposed