The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1905-12-09

be made on lines beneficial 60, or desired
by. ore section Of one state only. There must
be something like a general agreement among
the citizens OF the several states, as repre-
ssnted In the Congress, that the change 10
needed and desired In the interest OF the
people as whole; and there should then be
sincere. intelligent, and disinterested effort
10 make II In such shape as will combine, so
far as possible. the maximum OF good to the
people at large with the minimum of neees-
sary disregard for the special interests OF
localities or classes But In time of peace
the revenue must on the average. taking
q series OF years together, equal the expend-
lures or else the revenues must be increased.
Last year there a deficit. Unless our
pendstures can be kept within the revenues
then our revenue laws must be readtusted.
IL is as yet TOO early to attempt to outline
what shape such readlustment should take.
fer i = as yet too early to say whether
there VIII be need for il. II should be con-
stdsred whether Il is not desirable that the
fsrin laws should provide for applying IS
against or In favor Of any other nation maxi
mum ard minimum tariff rates established by
the Congress, so as TO secure certain reei-
procity Of treatment between other nations
and ourselves. Having in view even larger
considerations OF policy than those OF
purely economic nature. il would in my
Judgment, be well 10 sndeavor 10 bring about
elosar commercial connections with the other
people OF THIS continent | am happy 10 be
absr to announce to you that Russia now
treats us ON the ost-savored nation basis.
Economy in Expenditures.
The necessity for economy and
rigid scrutiny of appropriations Is
made manifest. with this proyiso:
Yet. IN speaking Of economy. / must In no
wise be Understood advocating the false
economy which is In the end she worst ex-
tFasaganee To cut down on tAa navy FOR
Instance, would BE a crime against fbe AZ.
ton. To fajI to push forward all work 90
:.s=--s=- r=-.-.: @s@,..t.. - z=@4i t+!!s
Currency.
The currency question is dealt with
as follows.
Every consideration of prudence demands
the addition Of the element OF elasticity 10
our currency system. The evil does not con
afst IN an adequate volume OF money bat In
the Rightly Of this volume, which does not
respond Ii should to the varying needs OF
communities and q seasons. Imitation must
be avoided bat some provision should he
made that viii insure larger volume Of
money during the fall and winter months
than 10 the less active seasons OF the year,
speculation, aed viii expand for the needs
% legitimate business, AT present the Treas.
- department is at trregalaFfy recurring in
tsrFals obliged, IN the interest Of the bust
ness anri1-that Ia. iu The interests OF the
American ppbllr-to try to avert financial
crises hy providing remedy which should
bs provided BY Congressional action,
Federal Elections.
On the subject of federal elections,
the President says:
The power Of the government 70 protect
the Integrity q the elections az ia own Of
heials i lnherent and has been recognized
sai affirmed BY repeated declarations OF the
supreme court There Is no enemy OF free
gcFsFansrgt more dangerous and none so in
sd}0aa as the corruption Of tue electorate
No one defends OF excuses oorruptton ana
u would seem to follow tbat noge would OBJ
pose vigorous measures 20 eradicate Il. |
teeommsne ths enactment Of iaw direeted
agaiuat bribery and corruption in federal
e4artt0us. The details et such a law may be
safely left 70 the wise discretion o. the Con-
gress. b0t IL should so AS TAR under the
const.tution il IS possible 30 GO. and should
include severe penalties against him who
gives or Receives hrlbs intended Ia IN Gu
enca his act or epiRt0n an eiecter; and
provisions for the publication not only Of
me expenditures for moan nations and cleo
tens ~ al candidates, bat also Of ali cou.
tEbut}ons received and expenditures made By
political committees 80
desire To repeat this accommodation. In
political taTpa}gua IN country as tnrgs
ard p0putuus ours " IS Inevitable that
there Should be much expense % az entirely
legitimate Kind THIS, % coarse. means that
many contributions and some Of them Of
large site, must be piate and as matter
81 fact, IN any b.E political cougest sAch con.
FsoAt3naa are aiSaFs msas 10 both sides. II
~ entirety proper both 10 give and receive
them. unless lhsee il an Improper motive
fnhnEcte6 Nith either git or reception. II
they are extnFtrd b. any klua q pressure
Or promise. express or implied direct or m
direct la The ~ay Of favor or Immunity then
mo siF3nS or receiving becomes not only i'm
undoubtedly
dtfhent matter OF practical detail 20
shape an at which shall guard Sfth reason
a3ts f"Etaialy against such misconduct but
= lt - possible tG secure hv las the fart aud
verified publication in detaI Of all tue stna
ceHif butgd 90 sHa expauded b. the "a ndt-
4stes OF committees az Rug political paroles
ths result esnuot hut be wholesome All COO
Wtbuuans by corporations 20 snv political
committee Or Tor suy political purpose should
Pc forbidden by lsw, directors should not
Re pefmlt,ed 90 use stoekhulders fuuney FOR
such purposes; sud moreover, prohlh. ton
= this klhd would be- as far as 70 want an
elective method % stopping the evils aimed
at 10 corrhpt practices acts Not emily should
both tbs uk1iahal Hua tee several state lsgix-
.aigres forbid shy Brlesr - corporation
from usins the money 20 the corporation 10
% about auY sleltlaa. bot they should also
forbid Rurh Vs@ ~ nancy in connections With
arr legislation save bV she empiasmenf 81
COUNSEL 10 public msoaeT ter distinctly legal
services
Army and Navy.
The President insists upon the ne
cessity for a well trained body of sol
dieFs as nucleus tor an army ia
time ot trouble. aud that maueuyers
Of q practical kind should be under
taken 20 adapt the forces 20 actual
sF4f !.