Connecticut western news., 1906-12-06

laws should forbid all combinations in- stead of sharply discriminating be- tween those combinations which do good and those combinations which do evil.
 Inheritance and Income Tax.
 The national government has long derived its chief revenue from a tariff on imports and from an internal or ex- else tax. In addition to these there is every reason why when next our syG. tenn of taxation is revised the national government should impose graduated inheritance tax and if possible a grad uated income tax.
 l feel that in the near future our na- tlonal legislators should enact law providing for graduated inheritance tax by which a steadily increasing rate of duty should be put upon all moneys or other valuables coming by gift, be quest or devise to any individual or corporation.
 As the law now stands 1t Is undoubt- edly difficult to devise a national in- But whether 1t is absolutely impossible Is another question, and if possible 1t Is most certainly desirable.
 The Farmer.
 Organization has become necessary In the business world, and 1t has ac- complshed much for good in the world of labor. It is no less necessary for farmers. Such a movement as the grange movement Is good in itself and is capable of q well nigh infinite fur. ther extension for good so long as it is kept to Its own legitimate business.
 Divorce Legislation.
 am well aware of how difficult it is to pass a constitutional amendment Nevertheless, in my judgment. the whole question of marriage and al vorce should be relegated to the au. thority of the national congress. It is neither safe nor proper to leave the question of polygamy to be dealt with by the several states.
 Merchant Marine.
 Let me once again call the attention of the congress to two subjects con. cerning which I have frequently be, fore communicated with them. One is the question of developing American shipping. I trust that a law embody- ing In substance the views or a major part of the views expressed In the re- port on this subject laid before the house at its last session will be passed.
 The Currency.
 I especially call your attention to the condition of our currency laws. For several years evidence has been accu- mulating that additional legislation ia needed. Among the plans which are possibly feasible and which certainly should re ceive your consideration Is that repeat. edly brought to your attention by the present secretary of the treasury, the essential features of which have been approved by many prominent bankers and business men. According to this plan, national banks should be permit. ted to issue q specified proportion of their capital in notes of a given kind, the issue to be taxed at so high a rate as to drive the notes back when not wanted in legitimate trade. This plan would not permit the issue of currency to give banks additional profits, but to meet the emergency presented by times | of stringency.
 The law should be amended so as specifically to provide that the funds ! derived from customs duties may be treated by the secretary of the treas | ba t, n1G ok tofn ln-t the internal revenue laws. There should be a considerable increase in bills of small denominations. Permis | sion should be given banks, if necessa. ry under settled restrictions, to retire their circulation to a larger amount than three millions a month.
 Our Outlying Possessions.
 most earnestly hope that the bill to provide a lower tariff for or else abso ! lute free trade in Philippine products will become a law. No harm will come to any American industry.
 American citizenship should be con, ferred on the citizens of Porto Rico.
 Rights of Aliens,
 Not only must we treat all nations fairly, but we must treat with justice and good will all immigrants who come here under the law.
 I am prompted to say this by the attitude of hostility here and there as. sumed toward the Japanese in this country. This hostility is sporadic and is limited to very few places. Never theless it is most discreditable to us as people. and 1t may be fraught with the g-avest consequences to the nation. I recommend to the congress that an act be passed specifically pro vidfng for the naturalization of Japa. neSe
 Cuba.
 The United States wishes nothing of 'Cuba except that it shall prosper nor. ally and materially and wishes nothing of the Cubans save that they shall be able to preserve order among them. selves and therefore to preserve their independence If the elections become a farce and If the insurrectionary habit becomes confirmed on the island 1t Is