The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-06-17

$1,000, OOO,O00. an increase OIL ou pee
cont. over those of four years ago.
The mills and 'factoyies temporarily
closed by reason of financial disturb.
ances are rapidly resunling operas
tons. calling labor back to profitable
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.
Outlying Possession.
The speaker reviewed the progress
made in the. various departments OF
government sketched the work of Cons
gress at It's last session and continued
The management of our outlying
tration has been attended with remark
able success. Under American occu-
! patton and control the commerce OF
the island of Porto Rico which in the
/ aggregated but s22O00,0 900, was in
] 1907. s56,O0O.0OO The production Of
i sugar has advanced from 109, 900 tons
to 100000 tons, valued at sl5,010.00O.
Il Revision OF the Tariff.
! Touching tariff revision Mr.. Bur-
! rows said In part:
A The Republican party stands for q
4 revision and reimbursement of our GUS
4 toms laws as changed. industrial cons
ditions at home and abroad may haze
4 view the cardinal principles of protec-s
ton to American industries and Aner!-
can labor. AS evidence of Its good
faith in this regard the s,a, na at,
4 der the Constitution with exclusive
i jurisdiction to :" originate all bills for
raising revenue" on the goth Of April
1 just past by formal resolution, au-
! RI 70 te.a{ nm
i Ways and Means the organ of the
House having jurisdiction of the ques-s
! ton. ito sit during the recess of Con-
L gress and to gather such informationss
4 erwise, as it may. see lit. looking to-
\ ward the preparation of bill for the
7 revision of the tariff" The public de-
8 clarations by Congress. upon the eve.
4 of the election, give the most solemn
!! Insurance possible thar the work VIII
!, be speedily undertaken and pressed to
, All early consummatlon. In this con
! nection it can be safely promised that
takes place under the control % tho.
Republican party. it will give just and
, adequate protection to American IN
: dustries and American labor and de :
fend the american market against
: unjust and unequal aggression tom
2 whatever quarter they may come.
oil Currency Legislation.
; The speaker said further:
4
!. ton of Congress to the necessity Of.
s further legislation. and n measure has
oil Teen passed providing for an emer-
gency currency of $500, 100000 TO be
RI Issued under certain conditions and
j. Limitations, an authorization. it is be-
s ilieved. which will ptnvent the recur-3
d renee of any such disaster as befetl
3 the country last fall. The Secretary
n of the Treasury has already taken the
II necessary steps to give effect to this
ri legislation. and banking associations
>, are already forming to avail them-
II selves of the benefits Of this act. IL
: will ever be invoked, s the ability
o to supply $500,0O0,000 additional cur
rency whenever needed will of itself
g have Il tendency TO make Its issuance
q unnecessary.
! In the meantime, however, the Re-
G publican party is not Indifferent to the
y necessity of a further and comprehen-
: sive revision OF our monetary and
/ Congress Just closed authorized the
/ crea ton OF monetary commission,
composed of eighteen members Of the ;h
: Two houses of Congress, clothed with
< Congress at the earliest date practi-
cable what changes are necessary y
4 desirable in the monetary system OF
tho United States or IN the laws re-
Hating to banking and currency, anu
4 for this purpose they are authorised
T. to sit during the sessions or recess OF
y Congress. at such times and places as
b they may deem desirable, to send for
persons and parers. to administer this.
& to summons and compel the attend
ance of witnesses experts and other
assistants as shall be necessary to ca II
ry out the purpose for which said com.
+ mission was created and TO make sucil
ut Investigations and examination ~
this or other countries. of the subject,
committed to their charge as they 8 III
deem necessary.
This commission has already organ,
lied and entered upon its labors, and
+ will diligently prosecute It's duties
With the hope of formulating nonss
tary system that viii meet every legi
innate business need and promote tha
prosperity of all OF oAr people.
Mr.. BURROWS concluded with dis,
cussion Of International affairs Y
Golf Finals To-day.
The final round of the ladies' golf
Sc tournament will be played between Mrs
iRutherfoor,i and Miss Crump, who have
defeated all opponents at the Hermil-
3 iage Club this afternoon The mafNh