The Denison review. [volume] (Denison, Iowa) 1867-current, 1905-12-07
the growth Of a spirit which condemns


the growth Of a spirit which condemn
all dishonesty, whether inlrich man 0
In poor man, whether It takes the shap
Of bribery or Of blacsmail. But muc
can be, done by.legIslation which is no
only drastic, but practical. There
need of far Sutherland more uni
form regulation Of the vas: insuranc
interests Of this country. The Unite
States should in this respect follow tn
policy of other nations by providin
adequate national supervision of CON
mercial interests which are clearly ma
tioDal in character.
l repeat, my previous recommend,
ton that the congress should consld
whether the federal government h
any power or owes any duty with
spect to domestic transactions in
surance of an interstate charact
That state supervision has proved I.
adequate is generally conceded.
The Revenues.
There Is more need of stability tN
"
lection in the methods of raising RI
enue, and the shock and strain to
business world certain to attend al
serious change in these methods rd
der such change inadvisable unless Il
grave reason. 1t is not possible to II
down any general rule by which to i
termine the moment when the reasG
for will outweigh the reasons agaii{
such change. No change can
made OH lines beneficial to or desir}
by one section or one state only. Tho
must be something like general agr4
ment among the citizens of the sevelS
states that the change is needed all
desired in the interest of the people al
whole, and there should then be siX
cere, intelligent and disinterested
fort to make it in such shape us vi
combine, SO far as possible, the maE
mum Of good to the people at lar
with the minimum Of necessary dis&
gard for the special interests of locst
ties or classes, but in time of ped
the revenue must, on the avera3
taking series of years together, eqV
the expenditures or else the revenH
must be increased. Last year th4
was deficit. Unless our expenditu4
can be kept within the revenues TIL
our revenue laws must be readjusteq
1t is impossible to outline what shi
such REIMBURSEMENT should take,
it is as yet too early to say whetH
there will be need for it. 1t should
considered whether it is not desirai
that the tariff laws should provide
applying as against or in favor Of al
other nation maximum and minimj
tariff rates established by the congra
so as to secure certain reciprocity
treatment between other nations al
ourselves.
Economy In Expenditures.
earnestly recommend to the cd
gress the need of economy and, to TIL
end, of a rigid scrutiny Of appropri
lions. All unnecessary offices shoI
be abolished. In the public printil
also large saving of money can
made. There is constantly growth
tendency to publish masses of unin
portant information at which no huma
being ever looks.
Yet, in speaking Of economy, Issmu
in nowise be understood as advocA
the false economy which is in the
the worst extravaganza. To cut dL
in the navy would be crime agaiA
the nation. To fail to push forward q
work on the Panama canal would ]
as great folly.
Currency.
Every consideration of prudence d
mands the addition of the element |
elasticity to our currency system. ]
evil does not consist in an inadequ
volume Of money, but in the rigid
of this volume, which does not respo
as it should to the varying needs
communities and Of seasons. Infati
must be avoided, but some provisi
should be made that will insure|
larger volume of money during the
and winter months than in the less
tive seasons of the year, so that
currency will contract against specj
ton and will expand for the nee6
legitimate business. At PRESENT.
treasury department Is at irregV
recurring intervals obliged in the
est Of the business world-that
the interests of the American pit
to try to avert financial crises bJ
viding remedy which should bel
vided by congressional action.
Business Methods In Department
At various times have instituted
vestigations into the organization d
conduct of the business of the exc
tive departments. While none of III
inquiries have yet progressed
enough to warrant final conclusi|
they have already confirmed and
| phaslzed the general impression
the organization of the department
often faulty in principle and vast
in results, while many of their busii
methods are antiquated and ineffici
l recommend that the congress consl
this subject.
Federal Elections.
In my last annual message saidj
"The power of the government
| nrOtact the ntapritv ne tho oloo4;o,,