Mexico Missouri message. (Mexico, Audrain County, Mo.) 1899-1918, 1907-12-05

and southern bankers an carefully AZ u
guards tho interests OF New York or
Chicago bankers. and must be drawn
from the standpolnts OF the farmer and
the merchant no less than from the
standpoints OF the city banker and the
country banker"
Repeats Recommendations.
The president continues;
II aRRin urge on the congress the
need of immediate attention to this
matter. We need greater elasticity
in our currency: provided. OF course.
that we recognize tho even greater
need OF safe and secure currency
There must always be the most rigid
examination by the national authori-
ties. Provision should be made for an
emergency currency. The emergency
issue should. OF course. be made with
an effective guaranty. and upon condi-
tions carefully prescribed by the gov
eminent Such emergency Issue must
be based on adequate securities APP
proved by the government and must
he issued under heavy tax. This
would permit currency being issued
when the demand for II was urgent.
while securing it's retirement as the
demand fell on. II In worth invesu-
eating to determine whether officers
and directors of national banks should
ever be allowed to loan - themselves.
Trust companies should he subject to
ton to this effect should be enacted for
the District OF Columbia and the terri
tories"
Not Tfns for Taria DIscussion.
on the subject OF the tariff tho presi-
dent declares himself In favor of post
poning all consideration OF the quos-
ton until after tho presidential elee-
This country Is definitely committed
| to the protective system and any EFFORT
| to uproot 10 could not but cause wide
| spread industrial diAnster. In other
words. the principle OF the present tar
| IN law could not with wisdom he
changed. But In a country OF such
| phenomenal growth as ours II In prob
| ably well that every dozen years or so
| the tariff laws should he carefully
| scrutinized so rs to see that no ex-
| cessive or improper benefits are con-
ferred thereby. that proper revenue, In
| provided. and that our foreign trade In
| encouraged. There must always be as
/ a minimum n tarin which viii not only
| allow for the collection OF an ample
| revenue but which will at least make
| good the difference I'm cost OF produc-
| ton here and abroad: that II. the diff
| ference In the labor cost here and
! abroad. for the well-being OF the wage
| worker must ever he n cardinal point
| of American policy. The sole consider
| alton should be to see that the sum
total OF changes represent the public
| good This means that the subject can
| not with wisdom be dealt with In the
| year preceding "A presidential election.
| because as matter Of fact experience
has conciuRively shown that at such q
| time II IL impossible to get men to
treat II from the standpoint Of the
public good. In my judgment the wise
| time TO deal with the matter Is immedi-
| ntcly after such election"
Income and Inheritance Tax.
There has been no change in the
mind OF the president concerning the
ACCESSIBILITY of an income tax and an
inheritance tax. In the message he
says:
when our tax taws are revised the
question OF an income tax and an in
heritance tax should receive the care
full attention OF our legislators. In my
judgment both Of these taxes should be
part OF our system OF federal taxation
I speak difidently about the income tax
because one scheme for an income tax
was declared unconstitutional by the
supreme court: while In addition II IL
n dinicult tax to administer In It's prac-
teal working. Nevertheless. n grad
uatcd income tax OF the proper type
would be n desirable feature OF fedora
taxation, and II IL to be hoped that on,
may be devised which the supreme
court will declare constitutional. The
Inheritance tax. however. Is both a faI
better method OF taxation. and far NOR,
important for the purpose OF havinp
the fortunes OF the country bear IL
proportion TO their increase in size
corresponding Increase and burden o
taxation. The government has the alb
solute right 20 decide as to the term,
upon which a man shall receive the be
quest or devise from another. and thli
point In the devolution Of property Il
especially appropriate for the imposi
: ton of "A tax"
J Due Enforcement of Law.
ON the matter OF the impartial en-
forcement of the laws the message
says:
"a few years ago there was lou,
complaint that the law could not be In
voked against wealthy offenders. Their
/ Is no such complaint now. The cours
, OF the department OF justice during tn
4 last few years has been such as &
make II evident that no man stand
;. above the law. that no corporation
= so wealthy that II cannot be held {
4 account Everything that can be don
1 under the existing law, and with tn
r existing state OF public opinion. whic
r so profoundly influences both IN
E courts and turies, has been done. Bu
4 the laws themselves need strengthen
ing In more than one important point
: they should be made more definite. =
> that no honest man can he led unwit
= | tukiy 10 DFchk .tuomi ana no thAt IN
4 real wrongdoer can be readily punishe,
: '"rhe two great evils in the executio
4 OF our criminal laws to-day are sent
i mentally and technically. For the LAT
}. ter the remedy must come from IN
= hands of the legislatures. the cour,
: and the lawyers. The other must d.
y pend for its cure upon the graduf
a growth OF a sound public opinion whic
o shall insist that regard for the law an
u the demands OF reason shall control n
e other influences and emotions In IN
y Jury box Both of these evils must I
70 removed or public discomfort with a
criminal law will continue"
Use OF IsiunctiOnH.
70 Referring to the question OF the use an
= abuse OF inJunctions the president d
Il clares:
a Instances OF abuse In the granting
Il intunctlons in labor disputes continue
occur, and the resentment In the mins
10 OF those who feel that their rights Al
A. being invaded and their liberty OF actif