The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1904-06-22

potency for harm by the purchase Of
the Friars' lands. and their praG.,cal
withdrawal. BY the Act of Congress
of March 2. 1903. a gold standard has
been established to take the place of
the fiuctuating silver currency. The
unit of value is made exactly one-nalf
the value of the American silver dol
lar. SO that American money is prac-
tically part of their currency system.
To enable the Philippine government
to issue this new currency. $4,000, 900
was borrowed by them in 1903 in --.e
city of New York: and 1t was bor-
rowed at a net interest charge of
] SIS per cent. per annuD. The trade
of the islands has incre Q d notwi.n-
standing adverse conditions. During
the last five years of peace under
Spanish rule, the average total trade
of the islands was less than $40, 900, 900.
During The fiscal year ending June 80.
1903. the trade of the islands was over
$66,000,000. There is but one point OF
disturbance. and that is in the coun-
try of the Mohammedan Moros. where
there is an occasional fitful savage
outbreak against the enforcement of
the law recently made to provide for
adequate supervision and control to
put an end to the practice of human
slavery.
When Governor Taft sailed from
Manila in December last to fill the
higher Office where he will still guard
the destinies of the people for WON
he has done such great and noble SER
vice. he was followed to the shore by
a mighty throng, not of repressed and
sullen subjects. but of free and peace
full people, whose tears and prayers
of affectionate farewell showed that
they had already begun to learn that
our flag has not losts its gift of benz
ediction in it's worldwide journey to
their shores"
Future of Archipelago.
None can foretell the future; but
there seems no reasonable cause to
doubt. that under the policy already
effectively inaugurated, the institu-
tions already implanted an dthe pro-
cesses already begun, in the Philip
pine Islands, If these be not repressed
and Interrupted, the Philippine people
will follow in the footsteps of s..e peoe
pie of Cuba; that more slowly indeed
because they are not as advanced, yet
. as surely they will grow In capacity
for self-government. and receiving
come to bear substantially such rela-
tions to the people of the United
Estates as do now the people of cuba,
, differing in details as conditions and
needs differ. but the same In principle
and the same in benehcent results
In 1900 the project of an Isthmian
Canal stood where 1t was left by the
Clayton-B ulwer treaty of 1850. For
half a century 1t had halted, " n
Great Britain resting upon a joint
right of control, and the great undet-
taking of de Lesseps struggling
against the doom of failure imposed
by extravaganza and corruption. On
the 18th of November, 1901, the Hay
Pauncefote treaty With Great Britain
relieved the enterprise of the right of
British control and left that right ex-
clusively in the United States. Inen
followed swiftly the negotiations and
protocols with Nicaragua; the 18TH
milan canal act of June 2Sth, 1909; the
just agreement. with the French canal
company to pay them the value of the
work they had done; the negotiation
and ratification of the treaty with Co
lumbia; the rejection of that treaty
in violation of our rights and the
worlds right to the passage of the
Isthmus; the seizure by Panama of
the opportunity, to renew her oft-re-
peated effort to throw off the hateful
and oppressive yoke of Columbia and
resume the independence, which once
had been hers, and of which she had
been deprived by fraud and force; the
success of the revolution; our recog-
milton of the new republic followed by
recognition from substantially all the
civilized powers of the world; the
treaty with Panama recognizing and
confirming our right to construct the
canal: the ratification of the treaty