The Caucasian. (Shreveport, La.) 1900-192?, 1909-03-04

eeessor and will he urged by me. On
the other hard, the administration IS
pledged to legislation looking to Il
proper federal supervision and restric
ton TO prevent excessive issues ct
bonds and stocks by companies owning
and opera ting Interstate commerce rail
roads
in accordance with the PROMISES OF
the platform upon which | WAS elect
ed, shall call congress int" extra SEES
sion. to meet on the 18th day OF March,
in order tina: consideration may be at
once given to bill revising the Ding
lev act This should secure an AIDE
Quate revenue and adjust the duties In
such manner as to afford protect1o
by tariff equal to the difference be
tween the cost Of production abroad
and the cost Of production here and
have a provision which shall put into
force. upon executive determination OF
certain facts. higher or maximum
tariff against those countries whose
trade policies toward us equitably re-
quire such Discrimination
More Revenues Needed.
THE expenditures for the current
fiscal year will exceed the receipts by
$1OOOOO,OOO. 1t Is imperative that such
a deficit shall not continue. and the
trainers Of the tariff bill must OF
course have In mind the total revenues
likely to be produced by it aud so ar
u
quatc income. Should it he impossible
to do so by import duties. new kinds
Of taxation must be adopted. and
among these I recommend a graduated
Inheritance tax
The obligation on the part of those
responsible for the expenditures made
to carry on the government t" be as
economical az possible and to max"
the burden Of taxation as light as pos
sible is plain and should be affirmed
in every declaration Of government
policy. But when the desire to win
the popular approval leads to the cut
ting off Of expenditures really needed
to make the government effective the
result is as much to be condemned as
the waste Of government funds In un-
necessary expenditure. There are ex-
penditures Of government absolutely
necessary IL our country Is to main
tain It's proper place among the Ma
tons Of the world. l refer to the cost
of maintaining Il proper army. prop
er navy and suitable Notifications
upon the mainland Of the United
States and in its dependencies.
'''rhe admission Of Asiatic lmml-
grants who cannot be amaigamated
with our population has been made the
subject either Of prohibitory clauses III
our treaties and statutes or Of strict
administrative regulation secured by
Diplomatic negotiation. We must take
every precautiOn to prevent or. failing
that, to punish uutbursts of race feel
ing among our people against foreign
ers Of whatever nationality who have
by our grant Il treaty right to pursue
lawful business here and to be pro-
tected against lawless assault or In
Jury. BY proper legislation we may
and ought to place in the hands OF the
federal executive the means of enforc-
ing the treaty rights Of such aliens In
the courts of the federal government
We cannot permit the possible failure
of Justice due to local prejudice In any
state or municipal government to ex-
pose us to the risk OF war.
Zone of the reforms to be carried
out during the incoming admlnistra-
ton is a change Of our monetary and
banking laws SO as to secure greater
elasticity in the forms of currency
available for trade and to prevent the
limitations of law from operating to
increase the embarrassments OF a
financial panic.
The Panama Canal.
The Panama canal will have q
most important bearing upon the trade
between the eastern and the far west
ern sections of our country. 1t will
also have Il most beneficial effect to
increase the trade between the United
States and South America. The work
on the canal is making most satisfac-
plOSicSS 1AVSCAI S"Se~H,NA~-- >ss~~~
something had occurred on the 18th
mus to make the lock type Of canal
less feasible than it was supposed to
be when the reports were made and
the policy determined on led to visit
to the isthmus Of a board of competent
engineers. 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. The
construction will certainly be complet-
ed early in the next administration, If
not before propose to devote all
the energy possible and under my con
troll to the pushing Of this work on the
plans which have been adopted.
II look forward with hope to in1
creasing the already good feeling be.
tween the south and the other sections
Of the country. My chief purpose is
not to effect n change In the electoral
vote Of the southern states. That Is a
secondary consideration. The consid-
Grafton Of this question cannot. how
ever. he complete and full without ref