The Montgomery advertiser., 1909-12-08

am sure that when the hanks ar. furnished they will be productive ol banks are not constituted for the pur- pose of creating competition wifh other banks. The rate of interest uvou deposits to which they would be Tim. itsd would be SO nasl, smsl, as to prsyen, rran,
 Il believe them to. be necessary in or der to offer a proper fnducement to thrift and saving to great many peo' pie of small means who do not now have banking facilities. and to whom such a system would offer an oppor- tunity for the accumulption or capital. They will furnish sAtisfactory sub stitute. based on sound principle ana actual successful trial in nearly all system of government guaranty of de- posits now being adopted In several Western States. which with deferencs to those who advocate It seems to me to have in 1t the seeds of demoraiixa- tion to conservative banking and csr. tain financial disaster.
 The question of how the money de- posted in postal savings banks snail be invested Is not free from dimcuity' but I believe that q satisfactory pro- as an amendment to the bill consid- cred by the Senate at It's last session 1t has been proposed to delay the con alteration of legislation establishing a postal savings bank until after the report of the Monetary Commission: i: This report is likely to be delayed. and properly SO. because of the necessity for careful deliberation and close in- vestigation. do not see why the one should be tied up with the other: It is understood that the Monetary Com mission have looked into the systems of banking which now prevail abroad. and have found that by control there exercised in respect to reserves ana the rates of exchange by some central authority panics are avoided. It ls not apparent that system of postaD sav1 .fngs banks would in any way inter" Here with a change to such system here. Certainly in most of the co,in- tries in Europe where control Is thus exercised by central authority. pos. tai savings banks exist and are not thought to be inconsistent with a proper financial and banking system
 ship Subsidy.
 Following the course of, my distin- guished predecessor. earnestly rec, ommend to Congress the consideratiop and passage of a ship subsidy bi'i. looking to the establishment of lines between our Atlantic seaboard ana the eastern coast of South Ameries. az well as lines from the west coast or the United States to South America. China, Japan, and the Philippines. The profits on foreign malls are perhaps a sufficient measure of the expend- itures which might first be tentatively applied to this method of inducing American capital to undertake the es- establishment of American lines of Steamships in those directions in which we now feel 1t most important that we should have means or trahspofta- rion controlled in the interest ol ,ne expansion of our trade. A bill of this character has once passed the House and more than once passed the senate and 1 hupe that at this session pi,i framed on the same lines and witn the same purposes may become a"
 Interior Department.
 Tho successful party In the iss' election in its national platform de- ciared in favor of the admissron sno and separate States of New Mexico ana Arizona. and | recommend that iesis. ss lntion appropriate to this end pc adopted. I urge. however. that care be exercised in the preparation or the legislation affecting each Terfitory '" secure deliberation in the selection oi persons as members of the convention tto draft a Constitution for the in- coming state. and l earnestly aavise that such Constitution aftcr auoptlo" by the convention shall De supIlisse. Sa. to the people of the Territory io'
 inc sole issue shall be the merits oi the proposed Copstitution ana III .ns Prostitution is defeated by popular vote means shall be provided III his enabling act for a new conventlon a"v the drafting of a new Constitution; think lii vital that the issue as to tns
 merits of the Constitution should no, he mixed up with tho selection ol | State officers, and that no election o State officers should be had until al
 tsr inc constitution has been full, approved and finally settled upon. | AtHsAAs
 | win hrestect PtS the Territory o l Alaska, recommend iegisIatioi | which shall provide for the appoint
 ment by the President of a Governor and also of an Executive Council. tns ] members of which shall during tnell I term of office reside in the Terrltory and which shall have legislative pow er sufficient to enable 1t to give to tiis 1 Territory local laws adapted to itl present growth. strongly depreeats | legislation looking to the election or Territorial Legislature in that vas district. The lack of permanence oi | residence of large part of the pres ent populatiou and the small numbel | of the people who either permanent, | ar temporarily reside in the district ai compared with it's vast expanse ana | the variety of the interests that nav | to be subserved. make 1t aitogetnel
 unfitting in my judgment to provide | for a popular election of legislatVs body, The present system Is not aae auate and does not furnlsn tie eha. | acter Of local control that ought V be there. The only compromise N l seems 10 me which may give needed | local legislation and secure conserv
 atiye government is the one pro pose.
 Conseryation of National Resources. l In several departments there IS pre- sented the necessity for Legislation | looking to the further conservation ol our national resources. and the sun | feet IS one of such importance as ts require a more detailed and extenae. | discussion than can be entered upoi | in this communication. For that req | son l shall take an early opportunlt, l to send a special message to congress
 on the subject of the improvement o | our waterways, and upon the recism alton and irrigation of arid. serni-arlu | and swamp lands: upon the preseTva | tion of our forests and the reforestlns l of suitable areas; upon the reciassip cation of the public domain witn view Of separating from asrlcultufa phate lands and sites belonging to tR' Government bordering on streams sutt
 able for the utilization of watel
 power.
 I I commend to your caretul cons'n
 eration the report of the Secretary Q | Agriculture as showing the immens | sphere of usefulness which that dr
 partment now fills and the Wohoerhu l addition to the wealth or tne natioI ! made bv the farmers of this countr! Fin the crops of the current year
 | Department of Commerce and Labor
 The Light House Board now dis | charges it's duties under the Depart | ment of Commerce and Labor. Flo
 unwards of forty years this Board ha
 been constituted of military and maya
 officers and two or three men of sci
 ence, with such an absence or dui>