Daily press. [volume] (Newport News, Va.) 1896-current, 1905-12-06


only drastic. out practical. There is
need OF Il far stricter and more uni
foru regulation of the vast insurance
Interests OF this country. The United
states should n thi; respect follow the
policy OF other nations 10y providing
adequate national supervision Of coIu.
iucrciai interests which are clearly IA.
tional in character.
! repeat my previous recommends.
ton that the congress Should consider
whether the federal government has
any power or owes any duty with r.
Ipcc( 10 domestic transactions IN In.
Furancc OF All Interstate character
Ihat state SUPERVISION has proved ia
adequate Is generally conceded.
The ,lev.nucs.
There Is more need oc stability thau
81 ne attempt 20 nttain an ideal per
lection IA the methods Ut r0isirg rev
cnuc, and the shock and strain 10 the
business world certain 20 attend any
serious cnanHe in these methods rem
dor such change !uadvjsable nuipss fot
grave reason. H. is lot possible 20 lag
town any general rule hy which 10 &c
termine ,hc moment when The reasons
for VIM outweigh the reasons against
such 4 chang. No chuugc can ne
made on lines beneficial 10 or desired
Icy one section ~ one state only. There
must be something ike general a::rer-
mout among the citizens of the several
states that The change Is needed aud
dcSire! in the interest 81 the people as
whole, and therc should then ba sin
ccTc. Intelligent and DISTINGUISHED Of
fort 10 make i, IL such shane rs viii
combine. SO Tar rs possible, the max.
mum Of good 10 the people nt LARGE
with The minimum of necessary tiiSrc
gar,! Tor The special interests OF local
ties ~ Glasses. but in time of ncacc
the revenue must, on the average
taking series or years together. edu0,
tEr expenditures or else the revenues
must be- increased Last year there
was Il deficit. Uu!ess our expenditures
can be kept within The revenues then
our revenue laws must te readjnstcd
II is inipoSSih." 10 outline what shuno
such rcadiuStmeNt should take. for
il il az Yet too carly to say whether
:here viii he need for IT, it should ba
considered whether II Is not dcsirnb!.
that the tariff laws should provide fo;
applying rs against or in favor OF any
either nation maximum and minimum
tariH rates Established by the congress
80 as - secure y ccrtail reciprocity ~
treatment between other nations anI
ourselves.
Ecnnomy IN Expenditures,
! earnestly recommend 10 tho con
;.reSS the need ot economy and. IL init
end, OF r;1,d scrutiny Of approprin-
items. Al unnecessary offices should
I've abolished Ii tie public printing
as" Il larg. saving OF money can bo
made Tacrc is :, constantly growing
tendency - publish masses OF unim-
nortaHt Information Ut which no human
hciu% ever looks.
Yet, II speaking OF economy. / mus
liz uowis" Ie understood as adyocatlur
the false economy which il in tLe end
the worst .H;vara ral,ve 70 c,lt down
in tlle naJ. would lie n crime against
tn nation. 70 fail 30 push forwnr,! ali
Work nn ,hc Panama cana! would hc
"a great a folly.
Currency.
Livery consideration % prudence &c
mands ,i;r addition Of lie element OF
elasticity 70 ON. currency system Tn
evil does not consist in an Inadequate
ro,Juic of money but In the rlsiJliy
o. This volume, which does not rcspoud
a. IL siIouid to the varying leeds OF
coInmuu!tioS and OF scas0ns. limitations
must 6c avoided. bat some provision
should be made that viii insure
larger Volume % money during the fail
Gnd winter mouths ihan In the less nc
tive seasons &c thc year. so that the
currency will contract against specula-
ton ana will expand for the needs OF
legitimate business. At present the
TREASURY department is q. irrcguiarly
recurring Intervals Obliged in The inter-
est of the business worlI-tha is in
the interests OF the American public
10 try t. avert iinancial crises by nro.
vid:nl: remedy which should be pro
"ided 10y congressional action.
RHs;neas Methods In Departments.
4; various times l have instituted III
vestigations INTO the organization and
conduct Of ,hc business of the exccu,
tive departments. While none OF thcSc
inquiries have Yet progressed far
enough to warrant final conclusions,
thcy have already confirmed and en-
l'h"si2ed Inc general impression that
the Organization Of ;hc departments Is
often family iii principle ana wastefui
in results. while many Of thcir business
methods are antiquated aud inefficient
I recommend that The congress consider
tili, subject
Federal E!ectious.
Ia my last annual message said.
''iGc IOVcr Of TIE government g.,