The herald and news. [volume] (Newberry S.C.) 1903-1937, 1906-12-07
PRESIDENTS MESSAGE.
Continued from page six.)

%%S$ hohas and who must I'VE hope In n
bH constantly increasing measurc) also
b .oN win his brain. Under the constitu-
lion lion the national Legislature can do but
Il nltie OF direct Importance for his well
t"fe save where he is engaged in work
z "nlch permits it to act under the in
.erstote commerce clause of the constl-
tution' and this Is one reason why
30 earnestly hope that both the legis-
latlVe and judicial branches Of the gov.
etlihheht Will construc this clause Of
tne constitution. in tho broadest possi-
/ Bile manner
\. The Farmer.
-. Inc only other persons whose wei
Nate IS as vital to the welfare Of the
"lNoie country rs Is the welfare Of the
wagSeworkers IRE the tillers of the soil,
the Farmers.
SevVfal factors must cooperate In
the Improvement Of the farmers con-
dition. ! lie must have the chance to
be cduSatcd In the widest possible
sense, III Nhe sense which keeps ever In
view the Rntimatc relationship between
tn the utn the0ry\Sf education and the facts
Organization has become necessary
In the brsincssNworld, and it has ac-
complshcd much For good in the world
Of labor. 1t Is no less necessary for
I farmers. Such movement as the
grange movement is good in itself and
Is capable Of well nigh infinite fur
h ther extension for good SO long rs 1t Is
kept to its own legitimate business.
Q The benefits to be derived by the as
n sociation Of farmers for mutual ad-
n vantage are partly economic and part
s# ly sociological.
81 Irrigation and Forest Preservation.
s& Much Is now being done for the
y states Of the Rocky mountains and
% great plains through the development
u Of the national policy Of irrigation and
81 forest preservation. No government
Il policy for the bcttcrmcnt Of our inter-
bt nal conditions has been more fruitful
81 OF good than this.
81 Divorce Legislation.
I# l am we'll aware Of how difficult 1t is
hi to pass a constitutional amendment.
al Nevertheless. in my Judgment, the
m whole question Of marriage and di-
ssf vorcc should be rclegatcd to the au-
al thorlty Of the national congress- The
Exchange would be good from every
IN RSSstandpoint. In particular it would be
s# good because 1t would confer OH the
M congress the power at once to deal
S#Sradically and efficiently with polygamy.
Wand this should be done whether or
mot marriage and divorce are dealt
8$wth. 1t IS neither safe nor proper to
s$leave the question Of polygamy to be
9tEdealt with by the several states.
@SM Merchant Marine.
SG& Let me once again call the attention
Saof the congress to two subjects con-
ssScerning which | have frequently be-
sfsforc communicated with them. One Is
&the question of developing American
lssshipping. I trust that law embody-
Ming in substance the views or q major
;SSpart Of the views expressed in the re-
8S;port on this subject laid before the
SSSsShoNse at It's last session will be passed.
Witt seems n me that the proposed meas
8fure Is rs nearly unobjectonable as any
fsgcan be.
5gS The Currency.
$@ I especially call your attention to the
sSsecond subject, the condition Of our
&Ncurrency laws. The national bank act
lMhas ably served great purpose In aid
wiling the enormous business develop
%gment Of the country. and within ten
5ssyears there has been an increase in
sss circulation per capita from $21.41 to
For several years evidence has
S$been accumulating that additional leg
bs$ islation Is needed. The recurrence Of
s58each crop season emphasizes the de-
sshfects Of the present laws. There must
SSasoOn be revision Of them, because
BSito leave them rs they are means to in
sSgcur liability Of business disaster. Since
i9Slyour body adjourned there has been a
29sS money from 2 per cent to 80 per cent.
sand the auctuatIon was even greater
during the preceding six months. The
&Hecretary Of the treasury had to step
aSsln and by wise action put a stop to the
Ssfthost violent period of oscillation.
ssssSs do not press any especial plan. Va.
ssSrious plans have recently been pro.
SAposed by expert committees Of bank.
Among the plans which are posi-
ably feasible and which certainly should
@sreceive your consideration Is that re-
S@ beatedly brought to your attention by
present secretary Of the treasury,
a@the essential features Of which have
been approved by many prominent
essb bankers and business men. According
sSt to this plan, national banks should be
sSpermittcd to issue n specified proper.
s%t tion Of their capital In notes Of given
ss kind, the issue to be taxed at so high