The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-12-03

troll Of corporations. The president is
not opposed to federal inspection
of the great life insurance compa-
MES for the better protection of the
policy holders. He also believes tho
work Of the bureau Of corporations IN
investigating corporations is having
good effect. The president s Ian
guage, as usual, is very strong in
| dealing with the phases of modern
finance.
The message strongly denounces the
corrupt use of money at elections. The
president would make it unlawful for
any corporation to contribute to the
funds of a political committee. He
leaves congress no excuse for failing
to meet this growing evil.
AS to santo Domingo.
The president naturally has much to
say and nothing to conceal on the sub
ject Of our relations with Santo Do
mingo. He tells the whole story. An
arrangement was entered into under
which the United States was to be the
custodian Of percentage of the Gus
toms duties collected, which were, to
/ be applied to the extinguishment Of
the debt of the island. The foreign
countries required us to do SO. If we
had objected we could not have com
! planned if some foreign country has
seized the customs houses of the island
and administered the customs for ar
indefinite period against the spirit of
the Monroe doctrine.
Immediately after the adjournment
Of the senate without having ratified
} the bill, foreign Warship appeared
in Dominican waters, determined to
|. take hand in the collections of Gus
toms for, the benefit of foreign cred
itors. In view of the fact that The
Hague tribunal had just given prefer
ence in the case Of Venezuela to for
eign powers which used force, the
: government felt that it would be bet
ter. to act quickly without the consent
of the senate. =.
/ The president asks the approval of the
senate for what he has done. and re-
quests the ratification Of the pending
treaty. :>.@.' 49,. ..t
The Panama Canal: ..
! There is full discussion of the
Panama canal. The president gives an
account of everything that has been
done since congress decided to give him
/ legislation last winter. He describes
the present financial situation as to the
, canal, showing that the money is al
! exhausted, and that more must be ap
propriated at once if the work is moi
to halt.
There is a recommendation that con
gress pass a law reducing the tax OF
national bank circulation secured by
the proposed Panama canal bonds, 81
: that they will be available for circu
lation on the same basis as the 2 pc
: cent United Sttaes consols.
Tariff Revision.
S The president refrains from urging
q a revision of the tariff. He does sug
/ gest, however, the granting of reduc
n ton in the schedule on importation
p from the Philippine islands and make
s some recommendations for Legislation
r, concerning the Philippines.
= There is also discussion Of our tart
l. relations with other countries couple
C with the suggestion that congress COZ
slider the wisdom Of enacting the ma,
J imum and minimum tariff, the minimum
H. to be applied to imports from countrie
! that apply lew rates to American pro.
r ucts and the maximum to countries thu
u do not. The president thus leave
IL squarely with the senate the questio
e as to whether we shall have a tart
IL with Germany. IT,. -,
rs Immigration Matters.
II Immigration, as usual, is DISGUISE
~ fully. There is an argument for I
~ stricting immigration to all desirab
~ classes, and for the safeguarding
d American citizenship. There is also
y full discussion of our relations wi
~ China regarding the exclusion Of Chin
&c men. There has been much ground f
complaint on the part Of the intellige
ChiHese against the enforcement of tt
exclusion laws and congress is cou
W selled to act wisely in order to preve,
~ reprisals, similar to those attempted
~ the boycott of American goods in Chin
80 There is also discussion Of encou
Us agement of the merchant marine, t
as fostering Of relations between labor a,
~ capital, the necessity for economy
- government expenditures, the improv
- ment of public lands thru irrigation al
thru the care Of the forest reserve al
many other subjects which are discuss