Daily press. [volume] (Newport News, Va.) 1896-current, 1909-03-05

with little regard to provisions for its
immediate redemption or ultimate Sc.
c,rity. There Is no subject OF
,c..rrmic discussion So intricate and
81 likely to evoke differing views
anc i>pnatic statements as this one.
The commission IN studying tn"
&. neral influence OF currency on bust
rcss and OF bushes on currency.
lave wisely extenI,d their investi-
.ailIc in Europeen banking and
mn.ctlry methods The Information
that :h,r have derived from such OK.
ra,'s as they have inand abroad will
undcuh:nl!v be found helpful in the SO
luton o. the difiiCHlt problem they
have in hand.
Postal Savings Bill.
The Incoming Congress should
promptly fulfill the promise OF tn"
Poru,l:, IN platform AMI pass proper
Pcsra, servings Bank bill. IL will not
be- r.Wise or excessive paternaliSm
The n:bmise 10 repay by the Go"ern'
mcn: vii, furnish an inducement TO
SAVINGS deposits which private enter.
Prise cannot supply. and at such a
low rate OF interest as NOS to withdraw
customers from existing banks. 1t VIII
substantialir incrCaS" III" funds await
able for investment rs capital in use
iul enterprises. !, will furnish the alb
solute security which makes tn" pro
posed scheme of government Ruaran'
ty OF deposits SO allurinG without its
pcrnicious results.
| sincerelv hope thot the incoming
Congress will be aliv" as it should
he. to tho importance of our foreign
trade and Of encouraging II In every
wa. feasible. The possibility Of in
crcasing this trade in the Orient. in
the Philippines and III South Amrri-
ca are known to everyone who mas
given the matter attention. The direct
effect of free trade between this Coun-
try and the Philippines will be mark
cd upon our sale OF cottons, agricul-
tural machinery and other manufac-
trres The necessity of the establish
mcnt of direct lines Of steamers be-
tween North and SoIth America has
been brought to the attention OF Con-
yrcss bv nv predecessor and by Mr..
Root before and after his noteworthy
visit to that continent. and | sincerely
nope that Congress may b" induced
to see the wisdom OF a tentative CT
fort TO establish such lines by the
use of mail subsidies.
The Importance which the Depart
mcnt of Agriculture ana Of Commerce
and Labor may play in Kidding the
markets Of Europe of prohibitions ana
determinations agains' the impnrtR-
ton of our products is fully under
stood. and il is hoped that tn" use OIL
the maximum and minimum feature
of ou- tariff law to be- soon passed
will he effective to remove many oil
thcse restrictions.
Panama Canal.
The Panama Canal Will have a most
important bearing upon the trade be-
tween the eastern and the far western
sections of OR country. and will great
" increase the facilities for transpor-
tatiCu between the eastern and the
western seaboard, and may possibly
reyolutjOniZn the tranScOntinentai
rates with respect tc bulky mer-
chaniise. It VIII also have most
beneficial effect to increase the trade
between the eastern Seabnard OF thn
United States and the western coast
Of South America. and. indeed. with
scme of the important ports on the
east coast Of South America reached
nv rail from the west coast. 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 oil
the conflicting report OF the ma1ofi's
and minorit OF the consulting board.
and after the commentator OF inc
War Department and the executive
uron thosn reports. Recent susSrs
ton that something had occurred on
the IsthmuS TO make tn" LOCK type
of the canal less feasible than Il was
supposed to l.. when the reports were
made ami the POLICY determined on.
led TO a visit 10 the Isthmns OF
hoard of competent engineers to eN-
anime the 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 evidence which should
change the views once formed in the
original discussion. Tire construction
WI 20 on under a most effective or.
ganization controlled by Colonel
GoethaIs and his fellow army en-.
rineers associated with him. ami Will
certainly be completed early In the
next Administration. IL not before.
Some type Of canal must 5e con
s; ructed The lock type has been So
lected.e We are all in favor OF having
il built as promptly as possible. We
must not now therefore. keep Up
fire IN the rear Of the agents whom
We hav. authorized TO DC our work
on the Is,hmus We must hold M
their hands and speaking for the
incoming Administration. wish 10
sa- that 7 Pre- pose to devote al! INC
energy possihl" and under M control.
to the pushin- Of this work on the
mans which have been adopted. ana
to stand hehinG the men VIII" are do,
ing faithful hard work 20 bring about
the earIv camr.etiop Ct this. tn"
yreases; cons 'TuC;ive enterprise oil
modern times