The Cairo bulletin., 1909-03-05

PRISE cannot supply ana al sucn low
rate OF interest as not to withdraw
custom from existing banks. II will
substantially Increase the funds avail
able for investment as capital in use.
iul enterprises. Ii win furnish tie
absolute security which makes the
proposed scheme of goYernmeV guar.
its perncious results
| sincerely hope that the incoming
congress will be alive, as it should be.
to the Importance of our foreign trade
and of encouraging it in every way
feasible, The possibility OF increas-
ing this trade in the orient, In the
Philippines and in South America are
known to everyone who has given the
matter attention.
The Importance which the depart
ment OF agriculture and Of commerce
and labor may play In Kidding the
markets of Europe of prohibitions and
Determinations against the importa-
ton of our products is fully under
stood, and il is hoped that the use of
the maximum and minimum feature
will be effective to remove many Of
those restrictions.
No Prospect of Failure In
Building Of Panama Canal.
The Panama canal will have a most
important bearing upon the trade be-
tween the eastern and the far western
sections of our country, and will great
ly increase the facilities for transpor-
tation between the eastern and west
ern seaboard. and may possibly reyo-
lutionize the transcontinental rates
with respect to bulky merchandise. 1t
will also have most beneficial effect
to increase the trade between the east
ern seaboard of the United States and
the western coast of South America,
and indeed, with some of the i'm
portant ports on the east coast OF
South America reached by rail from
the west coast The work on the
canal Is making most satisfactory
progress. The type of the canal as a
lock canal was fixed by congress after
a full consideration of the conflicting
reports Of the majority and minority
of the consulting board, and after the
recommendation of the war depart
ment and the executive upon those
reports. Recent suggestion that some
thing had occurred on the isthmus to
oh ha of hn
feasible than II was supposed to be
when the reports were made and the
policy determined on, led to visit to
the istnmus OF Il uUard Of competent
engineers to examine rhe Gatun dam
and locks which are the key Of the
lock type. The report Of that board
shows that nothing has occurred in
the nature Of newly revealed evil
dence which should change the views
once formed In the original discussion.
The construction will go on under a
most effective organization controlled
by Col Goethals and his fellow army
engineers associated with him. and
will certainly he completed early In
the next administration. II not before
Some type of canal must be con-
structed The lock type has been Sc
lected. We are all In favor OF having
it built as promptly as possible. We
must not now, therefore, keep up fire
in the rear of the agents whom we
have authorized TO do our work on the
isthmus We must hold up their
hands, and speaking for the incoming
administration, | wish to say that |
propose TO devote all the energy pos
sible and under my control, TO the
pushing of this work on the plans
which have been adopted and to stand
behind the men who are doing faithful
hard work to bring about the early
completion OF this, the greatest con
structive enterprise of modern times.
The governments of our dependen-
are progressing as favorably as could
be desired. The prosperity of Porto
Rico continues undated. The bust
ness conditions in the Philippines are
not all that we could wish them TO be,
but with the passage of the new tariff
bill permitting free trade between the
United States and the archipelago,
with such limitations in sugar and to-
bacco as shall prevent injury to the
domestic interests on those products,
we can count on an Improvement In
business conditions in the Philippines
and the development of mutually
profitable trade between this country
and the islands Meantime our gov
eminent In each dependency is up
holding the traditions of civil liberty
and increasing popular control which
might be expected under American au-
spices The work which we are doing
there rebounds to our credit as ma
ton.
Praise Accorded Progress
Made by the Negro Race.
look forward with hope To increas
ing the already good feeling between
the south and the other sections OF