The Montgomery advertiser., 1905-12-06

In vruer 70 avoid iaihns thtp lv complete remedy for this conditian must be found In an aroused public conscience a higher sense of ethical and especially among business men and in the great profession of the law. and In the growth of spirit which risS sn a S nor wssshss ssaSsr
 takes the shape of bribery or Of black mall But much can be done by log is1ation which Is not only drastic hut stricter and more uniform regulation of the vast insurance interests of this country. The United States should other nations bv providing adeouate national supervision of commercial in- terests which are clearly natichai In enaras,er. caas My predecessors hays rns.,s, re, business of these companies Is an im- portant part of our foreign comrner- cIai relations. nurinr the Admiris- rison. and MrK,nlev the State De. partment exercised its influence. through dinlcmatic channels. to pre- countries against American insursnce corrpanies. These neeotia'iors Illus trated the propriety of the Congress recnenizine. the national character of eral leeislation the State Department could only give expression to the wishes of the authorities of the sew eral States whose policy was inef- fective throueh want of uniformity.
 ton that. the consress sheu,d al: % consider whether the Federal owss ann dn.y nss wi,h a9H rsspsc, paw 9o acrestie transactions in insurance Of an Interstate character That State generally conceded. The burden unon Insurance companies and therefore their no1icv holders Of conflicting reg ulations. of many States Is uncuestion- ed. while hut little effective chek Is irposed upon any ahle and unschupu- ious man who desires to svnIoit the ,n his ro own in.s,sss rt,S a, 'hs the ruhfic The inaNiii1v nf a Stpts to re@utate eee~sis civ insuran"e cor nora'icns erected nnSer the laws of other States and transact'ng the lar ger rart of their hus'~ess, elsewhere Is also clear As 2 rar,edv. for this evil of rorAictioo irAeeertive aud vet , hurdersonfe re~uIat'ans the~e hoe hAev for many vears a wfdesr-ead demand for Eederni sunervisinn The Con 0ress has at-eadv reco~nfzed that i-ta~stn.e E~de~al Ieo1~iat'on for in ereat,ro the Bureau of Coroora ttooa it a-thortzet it to nubNish and suo~lv useful infor- rrstion roncer-'nw interstate corncra- tions "'ncfuS'ro corrnretione en oed
 in fnsurance." It ia nhvious that ie the eir~riIpfton of statfstirs he the limit of the Federal rower it is wholly in- efeecttve ta re0iitate this form of com . rrerciat intercourse hatwaen tho States. and as the frsr~arce husiraes has out grown Tn. rra~rituae the oossih'iitv of eress st,eu'd careeuflv consider whoth- CT further ie0'~Int'or, can he had vhat
 is sn'd above a~~r'es with enual Fo~ce to fratarrnI and benevolent or~anizn- tions which contract for life insur-
 -" The Revenues.
 There is more need W stability tha n If the atterpt 10 attain an ideal per.
 lection In the methods of raisin~ rev.
 enue; and the shock and strain to the husiness world certain to attend
 render such chanee tradvisahIe unless
 for crave reason. Tt is not nossih'a ,c
 lav down any general rule bv which
 to deterrrine the ninrrent when the
 reasons for will outwei~h tho reason e ara'nst such chan~e Murh must do. rend. not nerelv on the needs hut on the desires of tha neonie ss whole for needs and des'res are not uaces- sarilv identical s0R conrse no change ean he made on lines benef1ciai to ar desired hv one section or one State ontv There must he something Iite a general agreemert arong the citi- zepe nf the several States as repre- senfed in the Caneress. that the change ts needed, end desirNa 'n tho interest of the neople as a whole: and there should then he 9 sincere. intai- |, ligent. and dis'nterested effort to make I it in such shane as will combine. a 1 far Aey ~ess'hie. the rna~iu,un, of ~ooll to the peonle at large with the mini mum of necessary disreeard for the spectaI interests of localities or class
 must O nthe average. taking a series of years together e1ual the expendi- lures or else the revenues must be in- | creased. Last year there was a dn- | fcit. Unless our e<uenditures can be kent within the revenues then our rev enue laws must he readtusted. rt Is
 as vet too carly to attempt to outline
 should faEe % for # is a. vet sp'%S'rp too ear'v to say whether there will be need for 1t. It should he considered whnther 1t is not desirahl that the tariff laws , should nrovIde for arolvine as aeainst or in favor of any other nation max irrun, and rinircuur tarif rates estab-
 lissed by .t the congress so as to se- ment bet-een other notions and our selves, Having in view even larger 1 considerations of policy than those of
 purely economic nature 1t would. In
 nv iud"rrent be vol to pndeavor to
 bring about closer commercial ccnnec-
 tlons with the other peopIes of this announce to you that PussFa now
 treats us on the most-favored-nation
 E~orcr,y ip F,xpcrd'tur~s.
 earnestly recommend to the Con press the need of economy and to thTs
 end of ri~ii scrutinv of. approprla- :
 tions. As exampies merely. caIl
 matters. All unnecessary offices should be abolished. The C~mr1issfoner nf the General Land orice recomnnends ceiver of puhlIc moneys for Trnited 1 States land o4Hces. This will effect Il
 saving Of about q quarter of a mil
 lion doi,ars as,.a year year, As the hus,nsss
 that there should be from time to time leRitimate increase in the number of
 officials. and this fact renders it all
 become unnecessary they should be abolished. Tn the nublic printing al- so larke saving of pubic money can ing tendency to publish masses of un-
 important Information. It Is proha blv not unfair to say that many tens of thousands of volumes are published at which no hurnan being ever looks and for which there is no real demand
 Yet. in speaking of economy. Imust ing the false economy which is In the end the worst extravaRance. To cnt down on the Navy for instance. would fs, ne to npsS sorwsrd s1f wor MatoG an folly
 to the Coneress said;
 Interest rates are a potent factor in business activity and In order that these rates may be eunalized to meet the varying needs of the seasons and of widely separated communities and to prevent the recurrence of financial strineenciea which inturiopslv affect leRitinate business. it is .necessarv that there should be an element of elasticity in our monetary system. Banks are the natural servants Of placed as far as practical hle the hur- den of furnishing and maintaining a