The Lee County journal. (Leesburg, Ga.) 1904-19??, 1909-02-19

y
to arise from such immigration with
out unnecessary friction and by mu-
tual concessions between self-respect-
ing governments. Meantime, we must
take every precaution to prevent, or,
failing that, to punish outbursts of
race feeling among our people
against foreigners Of whatever nat
ionality who may have by our grant
treaty right to pursue lawful bus
mess here and to be protected
against lawless assault or injury.
Protection of Foreigners.
This leads me to point out seri-
Gus defect in the present Federal
jurisdiction which ought to be rem
edied at once.
BY treaty we assure other nations
Of protection to their citizens, but we
leave to the States and cities the pow
er to violate the essentials of these
treaties. Local prejudice endangers
our relation with foreign powers.
Suitable legislation should be enacted
to remedy this.
Monetary and Banking.
One of the reforms to be carried
out during the incoming Administra-
ton is a change of our monetary and
banking laws, so as to secure great
er elasticity in forms of currency
available for trade and to prevent
the limitations of law from operat-
ing to increase the embarrassments
of financial panic. The Monetary
Commission lately appointed is Civ
ing full consideration to existing con-
ditions and to all proposed remedies.
There is no subject of economic dis
cussion SO intricate and SO likely to
evoke differing views and dogmatic
statements as this one. The Com
mission in studying the general in
fiuence of currency on business and
of business on currency, have wisely
extended their Investigations in Eu-
ropean banking and monetary meth
DDS. The information that they have
derived from such experts as they
have found abroad will undoubtedly
be found helpful in the solution of
the difficult problem they have in
hand
Postal Savings Bank.
The incoming Congress should
promptly fulfill the promise of the
Republican platform and pass a
proper Postal Savings Bank BILL. It
will not be unwise or excessive pater-
nalism. The promise to repay by the
Government will furnish an induce
ment to savings deposits which pri-
vate enterprise cannot supply.
Our Foreign Trade.
I 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 in
creasing this trade in the Orient in
the PHILIPPINES and in South America
are known to everyone who has
given the matter attention.
The necessity Of the establish
ment of direct lines of steam
ers between North and South Am
erica has been brought to the at
tention of Congress by my predeces-
sor, and by Mr.. Root before and after
his noteworthy visit to that continent
and | sincerely hope that Congress
may be induced to see the wisdom of
a tentative effort to establish such
lines by the use of mail subsidies.
The Importance which the Depart
ment of Agriculture and of Com
merce and Labor may play in Kidding
the markets Of Europe of prohibi-
tions and determinations against the
importation of our products is
fully understood, and it is hoped that
the use Of the maximum and mini
mum feature of oGr tariff law to be
soon passed will be effective to re-
move many of those restrictions.
The Panama Canal
The Panama Canal will have a
most important bearing upon the
trade between the eastern and the
far western sections Of our country,
and will greatly increase the facili-
ties for transportation between the
eastern and the western seaboard,
and may possibly revolutionize the
transcontinental rates with respect
to bulky merchandise. The work on
the canal is making most satisfactory
progress. The type of the canal as
lock canal was fixed by Congress
after a full consideration of the con-
flicting reports of the majority and
minority of the u0E5g!t;nS board, and
after the recommendation Of the
War Department and the Executive
upon those reports. Recent sugges-
ton that something had occurred on