Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1905-12-05

| only drastic, but practical. There is
| need of far ssricter and more uni
| form regulation Of the vast insurance
| interests of this country The United
| States should in this respect follow the
| policy of other nations by providing
| adequate national supervision of com
| mercial interests which are clearly ma
| ttonal In character.
| repeat my previous recommends.
ton that the congress should consider
| whether the federal government has
any power or owes any duty with re,
| spect to domestic transactions In In,
surance of an interstate character,
That state supervision has proved In.
adequate is generally conceded.
| The Revenues.
There is more need of stability than
OF the attempt to attain an ideal per-
lection in the methods Of raising rev.
enue and the shock and strain to the
business world certain to attend any
serious change in these methods rem
| der such change inadvisable unless for
1 grave reason. 1t is not possible to lay
down any general rule by which to de-
| termine the moment when the reasons
for will outweigh the reasons against
| such change No change can be
! made on lines beneficial to or desired
by one section or one state only. There
must be something like general agree
| ment among the citizens of the several
states that the change is needed and
| Al, nf fho 10 Q- a
whole, and there should then be sin
] cere, intelligent and disinterested eff
! fort to make it in such shape as will
combine, so far as possible, the maxi
. mum of good to the people at large
with the minimum Of necessary disre-
! gard for the special interests Of locali-
4 ties or classes but In time of peace
the revenue must, on the average,
! taking a series of years together, equal
+ the expenditures or else the revenues
must be increased. Last year there
( was a deficit. Unless our expenditures
/ can be kept within the revenues then
our revenue laws must be readjusted.
1t is impossible to outline what shape
such a REIMBURSEMENT should take, for
1t is as yet too early to say whether
there will be need for it. 1t should be
considered whether it is not desirable
1 that the tariff laws should provide for
applying as against or in favor of any
other nation maximum and minimum
j tariff rates established by the congress,
so as to secure certain reciprocity Of
/ treatment between other nations and
ourselves.
Economy In Expenditures.
earnestly recommend to the con-
gress the need of economy and. to this
] end of rigid scrutiny of appropria-
tons. All unnecessary offices should
be abolished In the public printing
also large saving Of money can be
made. There is a constantly growing
tendency to publish masses Of unlm-
portant information at which no human
being ever looks.
Yet, in speaking Of economy, must
in nowise be understood as advocating
the false economy which is in the end
| the worst extravaganza. To cut down
| in the navy would be crime against
the nation. To fail to push forward all
| work on the Panama canal would be
as great folly.
| Currency.
Every consideration Of prudence de-
mands the addition Of the element of
elasticity to our currency system. The
evil does not consist in an inadequate
| volume of money, but In the rigidity
of this volume, which does not respond
] as it should to the varying needs of
1 communities and of seasons Imitation
must be avoided, but some provision
should be made that will insure q
larger volume of money during the fall
and winter months than in the less &C
| tive seasons of the year, SO that the
currency will contract against specula-
ton and will expand for the needs Of
legitimate business. At present the
treasury department is at irregularly
recurring intervals obliged In the inter
est Of the business world-that is. in
the interests Of the American public
to try to avert financial crises by pro.
viding remedy which should be pro-
vided by congressional action.
Business Methods In Departments.
At various times have instituted In
| vestigations into the organization and
conduct of the business Of the execu'
tive departments. While none of these
inquiries have yet progressed far
enough to warrant final conclusions,
they have already confirmed and en-
phaslzed the general impression that
the organization Of the departments is
| often faulty in principle and wasteful
in results, while many of their business
methods are antiquated and inefficient.
] recommend that the congress consider
this subject.
| Federal Elections.
| In my last annual message said:
"The powe, Of the government to
protect the integrity of the elections OF
| its own officials is inherent and has
been recognized and affirmed by re-
peated declarations of the supreme
court There is no enemy Of free gov.
eminent more dangerous and none SO
insidious as the corruption of the elect
! crate No one defends or excuses cor
ruption. and it would seem to follow
that none would oppose vigorous meas.
i ures to eradicate it. l recommend the
enactment of law directed against
bribery and corruption in federal elec.
tons The details of such law may
~ y,tc nf