Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1909-03-10

Commission lately appointed is gi,
ing full consideration to existing COZ
ditions and to all proposed remedie.
and will doubtless suggest one tha
viii meet the requirements Of bus
ness and Of public interest. We ma
hope that the report will embod,
neither the narrow view of those VIII
believe that the sole5purpose of th
new system should be to secure :
large return on banking capital o
of those who would have greater ex
pansion sof currency with little re
gard tosprovisions for its immediat
redemption or ultimate security
ThereaiS no subject of economic dis
cussion 30 intricate and so likely t,
evoke differing views and dogmati
statements as this one. The Com
mission In studying the general in
fiuence OF currency on business ant
of business on currency, have wisel,
extended t,eir Investigations in Eu
ropean barking and monetary meth
DDS. The Information that they hav.
derived from such experts as they
have dsabroad will undoubtedly
be found hlpful in the solution o.
the difficult problem they have in
hand.
Postl Savings Bank.
The incoming Congress should
promptly fulfill the promise Of the
Republican llatform and pass q
proper Posta Savings Bank BILL. II
will not; be uwise or excessive pater-
nalism The promise to repay by the
Government viii furnish an induce
ment to sayags deposits which pri-
vate enterprie cannot supply, and at
such low rte Of interest as not to
withdraw cstom from existing
banks. It wi substantially increase
the funds avslable for investment as
capital in! usSul enterprises. It will
furnish the bsolute security which
makes the pSposed scheme Of gev-
ernment guarnty of deposit so allur-
ing without s pernicious results.
Our preign Trade.
/ sincerely ppe that the incoming
Congress WILDE alive, as it should
be, to the imprtance of our foreign
trade and of acouraging it in every
way feasible The possibility of in
creasing this tade in the Orient in
the PHILIPPINES ind in South America
are known TO everyone who has
given the matt attention. The di-
rect effect Of Gle trade between this
country and TIL PHILIPPINES will be
marked upon az sale Of cotton, ag-
ricultural naclilery and other man
ufactures. The necessity of the es-
tablishment Of direct lines of steam
ers betweei Moth and South Am
erica has ben brought to the at
tention of 6ngiess by my predeces-
sor, and by tr.$Root before and after
his noteworty Yssiitsto that continent,
and slnceily hope that Congress
may be induld to see the wisdom Of
a tentative Fors to establish such
lines by the Sc Of mail subsidies.
The imporlce which the Depart
ment Of Agrulture and Of Com
merce and Lar may play in ridding
the markets E Europe of prohibi-
tions and determinations against the
our products is
fully understood and it is. hoped that
the use of theaaxiimnum and mini
mum feature otur tariff law to be
soon passed witt effective to re-
move many Of losi restrictions
The PaasJ cana1 4 ~ ( 4
The Panama Cal will have a
most important bring upon the
trade between theastern and the
far western sectio Of our country,
and will greatly crease the facili-
ties for transporton between the
eastern and the sstern seal,oard,
and may possiblyevolutionize the
transcontinental ses with respect
to bulky mercharse. 1t will also
have a most bencial effect to in
crease the trade tween the eastern
seaboard of the, inited States and
the western COAST South America,
and, indeed, witsome of the. i'm
portant ports ONE east scoast of
South America iched by rail from
the west coast. The work ON the
canal is mahnmost satisfactory
progress. The Se Of the canal as
a lock canal wIfixed by Congress
after full consration of the con-
ficting reports the majority and
minority Of the asulting board, and
after the recoiendation of the
War Departmental the Executive
upon those reps. Recent srgges-
tion that sometg had occurred on
the Isthmus toake the lock types
of the canal leseasible than it was
supposed to be en- the reports were
made and the hey determined on,
led to a visit the Isthmus Of !
board of comEnt engineers to ex-j ]
anime the GA dam and locks
which are they Of the lock type.
The report ofit board shows that !
nothing has orred in the nature
of newly revd evidence which t
should changes views once fromed '
in the oriaihaiscussion. The con- I
struction will on under a most I
effective orgation controlled by t
Colonel Goethand his fellow army I
engineers assIted with him, and {
will certainly completed early in