The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-01-02

in circulation for the prosperity of the
islands.
Ia the new postal savings banks depos-
lts may be made of any amount however
small. by the purchase of stamps. on
which interest will be paid Of not less than
re per cent per annum- As the funds are
of the government under strict regula-
tons prescribed by the law. the security
OF the funds is assured. and il is stated
mat the interest payable on same shortly
II not at once, will exceed the minimum
fixed by law. This system will meet a
much-needed requirement. and it is be-
heved to be one of the most important
pieces of legislation which has been en-
acted. 1t will tend gradually TO win the
Filipino from his love of gambling and
putting his money on the hazard OF the
cockpit, induce him to save his little
funds. and thus enable him TO purchase
homestead or agricultural machinery or
TO enlarge his existing possessions.
Dinsley Tariff.
IT is stated that the principal ray of
nope which came to the people of the
philippines in the midst of their losses
from rinderpest. locusts, droughts and low
prices for their products was that they
might be furnished relief from the excess
sive duties now imposed upon imports Of
sugar and tobacco into the United States.
ana that the disappointment throughout
the islands was great and bitter at the
failure of congress to do so at the last
session. Attention is called to the laws
passed by congress affecting commerce
between the United States aud the Philip
pines by which great benefits and advan-
IaSeS have been given TO the American
shlp-owners. manufacturers of cotton
goods, etc. over foreigners. which enables
them TO control prices and cost of trans
portation az WeT as to monopolize the
trade. while the American markets, which,
the Filpinos are asked TO consider thefr
own remain closed to them by the failure
of congress to act.
The arguments in detail have been 50
often made for this reduction of duty on
sugar and tobacco that the commission
nave thought IL fruitleSS to repeat them
again this year in detail. but with the
utmost earnestness il repeats it's former
recommendation that congress at least
reduce the duties on these two products
TO % per cent of the present rates.
The Philippine commission recommends.
IN general. that, in view of the present
agricultural and financial crisis In the is
lands. all possible measures calculated to
out interfering with that of the United
states should certainly be adopted by con-
gross.
American Capital in the Islands.
The United States is so teeming with
enterprises and industries which are high
~ profitable that It has been di 7ficuit
to induce American capital to enter the
islands and aid in the long sought de-
Velopment of their latent and reXhaus-
-tible resources.
The following resume. however Will
snow that American enterprise AMI bus-
ness sagacity have already Yaadc great
progress in a field that i few years ago
was almost wholly occupied by foreign
ers. Up-to-date syst Ems or lighting and
street transportation have been maugu-
rated in the city Of Manila, in which mil
lions of American money are invested and
are receiving their just reward in profits
Contracts are held by entcrprisng
Americans for harbor works at Manila
involving an expenditure of over $4,000
600. and harbor works are under way at
llOilO and Cebu. both IN the hands of
Americans a modern telephone system
has been installed i'm Manila with AIneri-
can capital and will probably gradually
extend itself throughout the whole 90 the
island of LuZon as authorized by the
franchise. Concessions have been grant
ed and surveys are under way for the
construction of 900 miles OF railway in the
Nisayan islands and over 100 miles in
LuzOn. due wholly to the business enter
prise and the aggregation OF American
capital, and will involve between ton and
twenty million dollars of expenditure
Electric lighting plants have been in
stalled at IiOilO and Cebu under American
auspices and with American capital
An important American bank las been
established and has captured its fair
snare of the banking IN the Islands: cor
tracts involving millions OF dollars for