The Owosso times. (Owosso, Mich.) 1897-1926, 1908-06-19
benehcent work in the interest of all

VOhCnCCnI WOIh III the InttItSt vi oil
the people until on July l, 1908, free
rural delivery was in operation on 49,
037 routes from 5000 postoffices.
Complete rural service has been estab-
lfshed in 793 counties. saving $780,
600 in the discontinuance of post
Offices and in every way carrying tho
blessings OF the free delivery system
to our rural population and thus pro-
noting ths happiness and content
ment of the people
The work of recognizing and pro-
noting the efficiency of the army has
gone steadily forward until we have
military force not only sufficient 10
maintain peace within our own bord-
ers, but capable of resisting any pos
us. The establishment OF a general
staff of the army has made action by
II more prompt and effective than ever
before and has served to give to the
policy of improvement In the army
prominent character
The management of our outlying
possessions under Republican admins.
tration has been attended with re-
markable success. Under American
occupation and control the commerce
OF the island of Porto Rico, which in
the most prosperous days of Spanish
rule aggregated but $22,000,OO0, was,
in 1907, $4,000, 900. The production
Of sugar has advanced from 109, 900
tons to 100000 tons, valued at sic, OoO,.
0O0
When we took possession Of the
Island there was but one school build
ing owned by the government. Now
there are over eighty, built and under
construction. andShe number Of pupils
Nm the public schools is 10000. Peace
and order prevail throughout the isl
and. and representative is accorded
TO the United States.
Our navy has been Strengthened until
the naval powers in the world, and
our fleet of battleships rides triumph
antly around the globe, receiving the
friendly salutaTons of the nations,
conveying peace and good will to all
the powers.
The Republican party stands for 4
revision and readjustment of our GUS
toms laws as changed industrial con-
Gitious at home and abroad may have
made necessary. keeping steadily i'll
view the cardinal principles of pro-
lection to American industries and
American labor. AS evidence of its
good faith in this regard, the national
house Representatives, clothed under
the constitution with exclusive juris-
6iction to originate all bills for rails.
ing revenue" on April 20 just past,
by formal resolution, authorized and
directed its committee on ways and
means, the organ of the house having
jurisdiction or the question, ito sit dur.
ing the recess CT congress and to gath.
err such information, through govern
mental agents and otherwise. as it
may see fit, looking toward the prepar-
alton of a bill for the revision of the
tariff
While other countries have added to
their burden a debt, with an increased
rate of interest thereon, this nation
has paid off S1,494, 100000 Of its obi
cations, and the present administra-
ton has lessened the volume of our
Indebtedness by s1O1,S41 CPS, and in
its refunding operations has reduced
the annual interest charges from $780,
371,463 to s21,101,196
During the period of it's existence,
with aggregate deposits of $4,000 00,-
900, the average loss has been only
one-half of per cent.
The national banks have served a
beneficent purpose in uplifting the
credit of the government, in lessening
the burden of taxation, in securing
sound and safe currency that floats at
par in our own country as we'll as in
every commercial nation in the world
It has developed the resources OF the
country, extended its industries, ex.
banded its trade and aided in keeping
the pledge of 1898 than the national
debt should be as sacred as the sol
diers' graves.
The recent panic called the atten-
ton of congress to the necessity OF
further legislation, and a measure has
? been passed providing for an emer-
BtuCy SlCy vi W NC
issued under certain conditions AMI
limitations, an authorization, it is be-
lieved, which will prevent the recur.
renee of any such disaster AS befell
this 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 benefits of this act. It is
doubtful If the provisions of this act.
will ever be invoked, as the ability 10
supply $500, 0O0,O 900 additional currency
whenever needed will of itself have
tendency to make its issuance unnec.
essary
In the meantime, however, the Re
publican party is not Indifferent to
the necessity of a further and comprc-
hensive revision of our monetary and
banking system, and to that end the
congress just closed authorized the
Fcreation of monetary commission,