Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-01-21
AGUNALD0S PETITION
Late Iusurgent Leader in Phil
ippines Presents Conditions
Existing There
WANTS TO AID THE AMERICANS
Processes Desire to Do
Everything in His Power in Aiding
the Americans in Carrying Relief
Measures and Developing the ISL
ands-DetaiIs of His Plan.

ands-DetaiIs Of His Plan.
WASHINGTON, Jan. 21.-Secretary Root
transmitted to the senate n house
copies OF a petition received by him,
thru Governor Taft, from Aguinaldo,
the late insurgent leader in the Philip
pines.
The petition is a remarkable prasen-
tation of the conditions now existing In
the Philippines, and Secretary Root
hastened to send it to congress, because
it went a long way toward supporting
the Statements he had made to the
demonstrating the necessity of prompt
and exhaustive action on the part OF
congress to prevent disaster and dis
tress in the archipelago.
The secretary's letter of transmittal
very short, simply reciting the
character of the document and abiding
to the picturesque and graphic manner
II a SS
conditions In the Philippines.
The secretary attached particular
Importance to A~guinaldo's profession of
q desire to do everything in his power
to aid the Americans in carrying relief
and developing the islands.
A~guinaldo's Petition.
The petition OF Aguinaldo says in
part:
Profoundly impressed by the sor-
rows and calamities which afflict my
people, and bearing in mind the good
intentions which have inspired the acts
Of the civil commission, l have taken
heart to present a project of a purely
economic character which in my opin-
ion would remedy, if not completely, at
least in great part, the %precarious sit
uation in which we all find ourselves.
II propose to the honorable civil
commission to obtain from congress a
United States treasury loan of $20,000,-
600, gold. in cash, and also a credit of
$50, 100000 gold, which will guarantee
the issue of paper to serve as money in
the islands. This sum shall be used
for the development and improvement
of Philippine agriculture, II shall be
paid within twenty years, the pay
ments being made in three installments
at the end of ten, fifteen and twenty
years respectively, and at the rate of
$25. 600, 900 at the end of the first period,
which would cancel so much of the
credit and SIS, 600, 900 and $4,000, 600 at
the end of the two remaining periods.
The amount of the credit would not be
taken out OF the United States treasury
like the loan, and both would be with
out interest, and could never be rams
ferred to any other foreign nation.
When the loan and credit were APP
proved and the above mentioned sum
here in the Philippines. a bank would
be opened which could be called United
States of American Agricultural Phil
ippine Bank and which would be under
the inspection and supervision of the
insular government.
After the civil commission had die
tated the proper regulations and eStab-
lished the necessary safeguards for the
security and stability of the bank. he
bank would begin to operate, making
available for the agriculturalists such
sums as they would ask for, in COM
pliance with the necessary formalities,
at an annual maximum OF 4 per cent,
payable semi-annually.
From the 500, 000, 600 capital will
be substracted $2,00O,000 for the con-
struction of buildings, for branch banks
thruout the archipelago and for other
preliminary expenses.
"Subtracting from the annua income
of $500, 900 the annual expense for
and other necessary expenses
of the bank, which may be reckoned
at about $1,000 900, there would remain
a net income of s3.220,o00, which, added
to the capital at compound interest,
under the same conditions during tthe
following years, at the end of sixteen
years would free both the actual capital
and the supplementary credit, that is,
the bank would have liquidated it's debt
to the United States treasury, and there
would remain a balance of at least
$40, 0O0, 900 for the continuance of its
work. Allowing our years more for
ample time, makes the twenty years
by the time that the United States
treasury has been repaid at the end of
the stated period of twenty years, the
treasury would have at
least $780, 600, 900, which would serve to
guarantee the issue of paper money to
that amount
Fiiipinos to Acquire Bank.
"In case the Filipinos should wish to
acquire the bank by making of it a
joint stock organization without other
wise altering it's organization and
methods, the government would con-
cede to them the title without prejudice
to it's rights to require repayment of the
amounts incurred by the foundation of
said bank or other necessary expenses.
1T may be that when this project is
known, i shall be called an enthusiast
and u dreamer, and 1t will be said that
1 ought not to involve myself in mat
tiers that force me out of the retired life
which / have intended to follow since
my imprisonment, and which. as / be-
lieve. nothing thai / have done has
broken into until the present time. But
the contemplation of the bitter mis-
fortunes which Cypress this suffering
people, exhausted by evils almost cal
antilles, without number, obliges me to
my retirement to fulfill what ] be-
lieve to be my duty.
9Signed.) .Respectfully.
Emile Aguinaldo Fanny
MARcoNi TO CIRCLE GLOBE.