The Indianapolis journal., 1903-11-09
NAVAL TRAINING STATION
NO CONTROVERSY OVER VOTING AP.
PRECIPITATION FOR SCHOOL.
influential Members OF Congress Fa-
vOr Giving Aid to the Foreign
Carrying Trade Of Country.

Special to the Indianapolis Journal
WASHINGTON, Nov. S.--From present
indications there will be no controversy
among members interested in the proposed
naval training station on the great lakes
as to the terms of the measure that will
be presented in this connection. There is
a tacit understanding that a bill shall be
introduced appropriating $250,0O0 for the
station, with the proviso that the site shall
be selected by the secretary of the navy on
the recommendation of the naval board.
When the bill has been enacted into law
the merits of the various sites will then
be considered. Representative Crumpacker
said to-Cay that he felt assured that the
department had not definitely determined
upon a site, although he believes that the
number considered desirable has probably
narrowed down TO two or three locations.
Judge Crumpacker has not given up hope
of having the station established at Michi-
gan City, Ind.
Whatever may be the action of the COM
ing Congress on the subject of aid to the
foregn-oarrying trade of the United States
1t Is certain that influential members of the
administration. and notably Secretary
Shaw, of the treasury, will stand solid for
the proposition that something should be
done MIR. Shaw says In order to pre-
serve our foreign commerce and secure new
markets for our manufactured goods We
will need a strong merchant marine flying
the American flag. We can only secure
this by granting ship subsidy. We can
never tell when We will get into trouble
with some foreign power over the Monroe
doctrine We had lucky escape in the
Venezuela case, and IL trouble should come
it would be a great thing to have our own
boats strong enough to be used for war
purposes should the occasion demand it,.
Beside, there are no people in the world
like the transportation agents to push
bod e-an1.
to the Argentines and other South Ameri-
can countries should soon see American
stores and American banks established
there. Germany is securing all these priv
over US in South American markets. The
time is coming when our great manufac-
tories VIII be- be forGed to id find new .a markets
the American flag will, in my Judgment,
help US in the direction tremendously
xxx
The Treasury Department Is relieved of
the apprehension felt for two months or
more that the price of silver might rise to
such a point as to make 1T profitable to
export the new Philippine coins for sale as
bullion. Last week purchases of silver
suspended because of the high price, silver
having gone above 90 cents per ounce Yes
terday afternoon the bureau of the mint
was able to buy 225,000 ounces al 591h cents
II is believed the price will now go still
lower. Acting Director Preston saws the
demand for silver from India has Stacked
and that the effects are likely to be felt still
further in reduced silver prices in the Lon
don market. The government will not pur-
chase much more silver for Philippine COIN
age Some small purchases will be made
but the: bulk of the amount needed has
already been obtained About $4,000, 900 in
the new Philippine pesos which will be
shipped back from the islands will begin
There are about $11 100000 of these To-
gether, the amount of new coinage will be
about sec, 900. which is nearly sufficient
for the needs of the islands. J. E. NJ