The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1908-06-16


barometer of trade. In 1907 was as
Isl, 900 tons, as againstta little over
IS million tons In 1908. ana our exz
ports OF iron and steel Increased from
$50. 642. 600 in 1903 to S1s1, 53I, 600
in 1907.
"The cotton fabrics wrought In
American mills from our domestic
fiber consumed in 1908 1924 million
bales, while in 1907 they required
more than 5. millions.
Our exports OF manufactures adj
yanced from ass. million dollars in
1903 to TAO millions in 1907.
Our imports of raw material for
use in domestic manufacture increas-
ed from 500 million dollars in 1903
to ATT millions in 1907. while our
exports in the calendar year OF 1907
were nearly 2 billion dollars. an in
crease of 80 per cent over those OF
four years ago.
"The mills and factories temporar-
lily closed by reason of financial dis
turbances are rapidly resuming oper-
atoms, calling labor back to profit
able employment.
This record OF material activity in
field and forest, factory and farm.
mines and mills during the last four
years might be Indefinitely extended,
but this is quite sufficient to show the
development and robust condition of
our Industrial life.
1.-THE Republican party stands for
revision and reimbursement of our
customs laws as changed Industrial
conditions at home and abroad may
have made necessary, keeping stead
lily in view the cardinal principles, of
protection to American industries and
American labor.
'Tn this connection 1t can be
safely promised that whatever revis-
ion or readjustment takes place I'M
der the control of the Republican
party, it will give Just and adequate
protection to American industries and
American labor and defend the
American market against the unjust
and unequal aggression from what
ever quarter they may come.
1.-THE crops of the country have
reached proportions so immense that
their movement to market, in August
and September annually causes dam
gerous absorption of money. The
lack of sufficient supply to meet the
Increased demand during these two
months may entail heavy losses upon
the agricultural as well as other bust
ness interests. Though financial
stringency may occur at any time
from many causes, yet nearly all the
great commercial crises in our history
have occurred during the months
named, and unless some provision be
made to meet such contingencies in
the future, like disasters may be con-
lidently expected. ~ K
1.-The recent panic called the atten-
ton of congress to the necessity of
further legislation, and measure has
been passed providing for an emer-
gency currency of $500, 100000 to be
issued under certain conditions and
limitations, an authorization, 1t Is be-
lieved, which will prevent the recur-
renee of any such disaster as befell
the country last fall. The secretary
of the treasury has already taken the
necessary steps to give effect to this
legislation. and banking associations
are already forming to avail them
selves of the benefit ofsthis act. 1t
is doubtful If the provisions of this
act will ever be invoked, as the abil-
ity to supply $500, OoO, geo additional
currency whenever needed will of it
self have tendency to make Its is
suance unnecessary.
In the meantime however. the Re-
publican party Is not Indifferent to the
necessity of further comprehensive
revision of our monetary and banking
sustem, and to that end the congress
just closed authorized the creation of
a monetary commission. composed OF
is members of the two houses of con-
gress, clothed with power to Inquire
into and report to congress at the
earliest date practicable what changes
are necessary or desirable in the mon
etary system of the United States.
But in the broader field of the
worlds drama, where the nations are
dGLOIS, our country mas lahSA a W.
spicuous and commanding part. Hav-
ing become world power. our infiu-
ence is world wide and always exert
ed in the Interest of peace and the
hetterment of mankind.
Following the action of The Hague
convention in proving greater facil-
tiles for the use of the Permanent
Court OF Arbitration at The HaguH,
the United States has put itself upon
the basis of the peaceful settlement
OF international disputes by conclud-
ing general treaties of arbitration
with England, France. Spain. Portu-
gal, the Netherlands, Denmark. Swe-
den. Norway Switzerland. Italy. Mex
leo, and Japan while many other sim
liar treaties are in course of negotia-
ton. Under the general treaty with
Great Britain, the two countries have
aEreed to arbitrate before the Hague
Tribunal the difficult and vexing ques-'
tons which, for more than a century.
have caused so much Ill will and con-
troversy, regarding the rights of our
fishermen in the fisheries on the coast
of Newfoundland and the maritime
provinces Of Canada. Congress. at Its
last session, made the necessary ap-
thn IF