The Birmingham age-herald., 1905-08-12
S5 % OXfOrdS at S3.75 H35O OXfOrdS at S2. 63 s.. % OxfOrdS at S2.O3 $500 OxfOrdS at SIOO
 TAN OXFORDS ALSO REDUCED
 LOUIS SAKS, G1e5hief Gseta ran,is 10 51s

| her internal disorders, she had ceased l to be able to provide means of paying l the debts. The patience of her foreign creditors had become exhausted, and at l least one foreign nation was on the point 1 of intervention and was only prevented from intervening by the unofficial assur- ance of this government that it would l Itself strive to help Santo Domingo in 1 her hour of need. Of the debts incurred some were just, while some were not | of a character which really renders 1t obligatory on, or proper for. Santo Do- mingo to pay them in full But she could not pay any of them at all unless some stability was assured.
 Negotiated a Treaty.
 l Accordingly the executive department of our government negotiated treaty under which we are to try to help the Dominican people to straghten out their 1 finances. This treaty Is pending before 1 the Senate, whose consent to 1t is nec- essary In the meantime we have made a temporary arrangement which will last until the Senate has had time to take action upon the treaty. Under this ar rangement we see to the honest admins 1 tration of the custom houses. collecting 1 the revenues, turning over 45 per cent l to the government for running expenses | and putting the other 55 per cent into l among the various creditors, whether Eu- | ropean or American. accordingly as, afteI 1 investigation, their claims seem just. 1 "The custom houses offer well-nigh 1 the only sources of revenue in Santo Domingo, and the different revolutions usually have their real aim the obtain 1 Ing possession of these custom houses l The mere fact that we are protecting the custom houses and collecting the revenue with efficiency and honesty has complete 1 ly discouraged all revolutionary nloye- ment, while it has already produced such 1 an increase in the revenues that the government is actually getting more from | the 45 per cent that we turn over to 1t 1 than 1t got formerly when it took the | entire revenue. This Is enabling the poor harrassed people of Santo Domingo once more to be free from the curse of interminable revolutionary disturbance. It offers to all bona f1de creditors. Amer | lean and European, the only really good chance to obtain that to which they are justly entitled. while it in return gives | to Santo Domingo the only opportunity l of defense against claims which it ought not to pay-for now if 1t meets the views | of the Senate we shall ourselves thor | oughly examine all these claims. wheth- | CT American or foreign and that none that are improper are paid. Indeed the only effective opposition to the l l creditors, foreign and American, and l from the professional revolutionlsts of I the island itself. We have already good l reason to believe that some of the credi- tors who do not dare expose their claim | to honest scrutiny are endeayorIng to stir | up sedition in the island. and are also | endeavoring to stir up opposition to the | treaty both in Santo Domingo and here, trusting that In one place or the other 1t may be possible to secure either the rejection of the treaty or else it's amend ment in such fashion as to be tantamount to rejection
 Stability Is Coming.
 Under the course taken stability and order and all the benefits of peace are at last coming to Santo Domingo, all danger | of foreign intervention has ceased, and there Is at last a prospect that all credi- tors will get justice, more and no less If the arrangement Is terminated, | chaos will follow: and if chaos follows, sooner or later this government may be | involved in serious difficulties with for eign governments over the island, or else may be forced itself to intervene in the l island in some unpieas sant fashion. Un- der the present arrangement the inde- pendence of the island is scrupulously respected, the danger of violation of the Monroe doctrine by the intervention of
 
 ference of our government is minimzed so that we only act in conjunction with the Santo Domingo authorities to secure the proper administration of the customs, and therefore to secure the payment of just debts and to secure the Santo Do- mnican government against demands for | unjust debts. The present method pre- vents there being any need of establish ing any kind of protectorate over the | island and gives the people of Santo Do- mingo the same chance to move onward and upward which we have already given | to the people of Cuba It will be doubly to our discredit as a nation if we fail to take advantage to ourselves and above all. 1t will be of incalculable dam age to Santo Domingo. Every considera- ton of wise policy and. above all, every l consideration of large generosity. bids | us meet the request of Santo Domingo as we are now trying to meet it.
 'So much for one feature of our for eign policy. Now for one feature of our domestic policy. One of the main fea- lures of our national governmental policy | should be the effort to secure adequate and effective supervisory and regulatory control over all great corporations doing an interstate business. Much of the legislation aimed to prevent the evils con- nected with the enormous development or these great corporations has been inef-
 
 too much. and partly because it did not confer on the government a really eff cient method of holding any guilty cor poration to account. The effort to pre- vent all restraint of competition, wheth- CT harmful or beneficial has been ill., Judged; what is needed is not so much the effort to prevent combination as a viglant and effective control of the com bnations formed, so as to secure just | and equitable dealing on their part alike Howard the public generally, toward their | smaller competitors. and toward the wage-workers in their employ.
 Have Accomplished Much.
 "Under the present laws we have in the last four years accomplished much that is of substantial value; but the dif- faculties in the way have been so great | as to prove that further legislation is advisable. Many corporations show them- | selves honorably desirous to obey the law; but. unfortunately. some corpora tlons, and very wealthy ones at that, ex- haust every effort which can be suggest ed by the highest ability. or secured by