The Roswell daily record. [volume] (Roswell, N.M.) 1903-current, 1906-12-04

D1AuS INV pACuSSu 70 secure C1rCu
lation, the issue of which was mad
under conditions peculiarly credita
Bile to the Treasury. I do not pres
any especial plan. Various planl
have recently been proposed by ex
pert committees of bankers. Anon,
the plans which are possibly feasible
and which certainly should receiv,
your consideration Is that repeated,
brought to your attention by the pre-
sent Secretary of the Treasury, the
essential features of which have beer
approved by many prominent bank
ers and business men. According t.
this plan national banks should be
permitted to issue a specified proper
ton of their capital in notes of a Civ
en- kind, the issue to be taxed at sc
nigh 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.
Philippine Tariff.
most earnestly hope that the bill
to provide a lower tariff for or else
absolute free trade in Philippine
products will become a law.
Porto Rican Affairs.
American citizenship should be
conferred on the citizens of Porto
Rico. The harbor of San Juan in Por
to Rico should be dredged and i'm
proved. The expenses of the feder-
al court of Porto Rico should be met
from the Federal Treasury. The ad-
ministration of the affairs of Porto
Rico, together with those of the Phil
ippines, Hawaii, and our other insu-
possessions, should all be direct
ed under n executive department;
by preference the Department of
State or the Department of War.
Hawaii.
The needs of Hawaii are peculiar:
every aid should be given the islands
and our efforts should be unceasing
develop them along the lines of a
of small freeholders, not
Of great planters with coolie-tilled
estates.
Alaska.
Alaska's needs have been partial
ly met, but there must be a complete
reorganization of the governmental
system, as I have before indicated to
you. 1 ask your especial attention
to this. Our fellow-citizens wao
dwell on tne shores Of Puget Sound
with characteristic energy are arrang
ing to hold in Seattle the Alaska
Yukon Pacific Exposition. Its spec
aims include the unbuilding Of Al
aska and the development of Ameri-
can commerce on the Pacific Ocean.
This exposition, in it's purposes and
scope, should appeal not only to the
people of the Pacific slope, but to tae
people Of the United States at large.
since it was bought a yield
ed to the Government eleven mill
ions Of dollars of and has
produced nearly three hundred mill
lions of dollars in gold, furs and fish.
When properly developed it will be-
come in large degree a and of homes
The countries bordering the Pacific
Ocean have a population more num-
erous than that of all the countries
merce amounts to over three billions
of dollars, of which the share of the
States is some 700 millions
of dollars. If this trade were thoroly
and pushed by our manu-
facturers and producers, the indus
tries not only of the Pacific slope,
but of all our country, and particular
ly of u cotton growing States,
would be greatly benefited. Of
course, in order to get. these benefits,
we must treat fairly the countries
with which we trade.
international Morality.