Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1909-12-11
The PRESIDENTS
FIRST MESSAGE
Opposes Tariff Revision and
EVadeS Trust Question.
SEES GREAT PROSPERITY
He FsVors Postal Savings Banks and
Urges Ship Subsidy Lsw-Legisla-
ton Against injunction Without
Notice Recommended.

NiOn against injunction Wttnout
Notice Recommended.
Washington. Dec s. President
Tafts first annual message was pre-
scented 90 both houses of congress on
Tuesday by Mr. Latta, assistant secre-
tary to the president. Great interest
was manifested by both Republicans
and Democrats.
In his message which contains some
1900 words. Mr. Taft reports the
country 20 be in a high state of pros
perity. and he adds that there is
every reason TO believe that we are on
the eve Of a substantial business ex-
pansion. and we have just garnered a
harvest unexampled in the market
value of our agricultural products"
The president expresses entire CON
fidence that the duty imposed upon
the executive. OF enforcing the maxi
mum rates Of the new tariff law
against nations unduly discriminating
against the United States will not pro-
woke any tariff war. and he favors no
further tariff tinkering at least until
the new tariff commission shall have
completed its work of gathering in
formation as 20 the relative cost OF
producing dutlable articles in this
country and abroad. This task he ex-
poets viii occupy two or three years.
What Mr. Taft Fsvors.
Corporations. - The president ex-
presses opposition to the proposed i'm
mediate congressional investigation of
the sugar import scandals In the New
York custom house. Mr.. Tart SAYS he
Will send a special message 10 con
gress relative 90 amendments TO the
Sherman act and the interstate com
merce law.
The Tarin.-The president deems IL
unwise TO attempt any farther revis-
Ion Of the tarin until the facts are at
hand. after careful and deliberate in
vestigation. upon which such revision
can be properly undertaken.
Nicaragua.-The message contains
no specific recommendation regarding
the CRISIS ~ Nicaragua. but President
tart intimates that Il may be neces-
sary Tor him TO send a special message
70 congress relative to this question.
Fiuance.-The ordinary expendi
lures for the current fiscal year will
exceed the estimated receipts by ss4-
015.62O. II 10 this deficit is added the
sum 20 be disbursed for the Panama
canal, and the 81 900 600 20 be paid on
the public debt the deficit wiz he in.
creased 10 S73 .075.62O. The secretary
Of the treasury proposes 70 meet this
deficit by the proceeds OF bonds is
sued 20 pay the cost OF constructing
the Panama canal The fiscal year
ending June 30. 1911. will show a
small surplus Of $4,000.
Ship Subsidy.-The passage OF
ship subsidy bin Is earnestly urged bv
President TAFT.
Postal Savings Banks-The estab-
lishment OF postal savings banks Is
recommended. the president polntine
out that they Will not compete with
other banks. he considers them ncces-
sary In order To offer a proper induce
ment 20 thrift
lnJunctions.-ln compliance with
the Republican platform. Mr.. Taft
recommends the enactment OF laws
under which no Injunction or tempor-
AIRY restraining order NAV be issued
without notice, except where irrepar-
able injury would result from delav
The Courts.-The expedition with
which business Is disposed OF both on
the civil and criminal side OF English
courts under modern rules OF proce-
dure makes the. delays in our courts
seem archaic and harbarous.
National Resources .-Presfdent Taft
viii send a special message TO con-
gress on the subject OF improved wa
terways. the reclamation OF arid land.
the preservation of forests. etc.
Political COntributions-Con Congress Is
urged 20 pass law requiring congress
sional candidates TO file with the gov
eminent statement OF the campaign
contributions and expenditures. and
similar legislation in respect 10 all
other elections is suggested.
The Nations COndtion.-"Sp Speaking
generally" says the president. the
country is I'm high state of prosper-
lily. There is every reason to believe
that we are on the eve OF a substan-
ual business expansion"
Government Service.-Mr. Taft ex.
presses the conviction that no other
practical solution OF the difficulties
presented by the approximation of
civil servants can be found than that
OF a system OF civil pensions.
The Army.-Emphasis is laid on the
need for an elimination bill providing
method by which the merits of off.
GERS shall have some effect upon their
Advancement. The laws regulating the
organization Of the nations armed
forces in the event of war need 70 be
revised to permit of more consistent
apportionment
The Navy.-Early in the coming seq
sion comprehensive plan for the re-
organization Of the officers of all corps
OF the navy will be presented TO con
gress.
Foreign Relations--The relations Of
the United States with all foreign gov
srnments have continued upon the
normal basis OF amity and good IN
nerstanding and are generally salts
factory.
Today. more than ever, American
capital is seeking investment In for
pIQn A.